Word: michell
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Within a few hours, IMF president Michel Camdessus in a letter asked the U.S. to be ready to pony up additional funds. By evening, as the latest news from Seoul and Tokyo hit the Jefferson dining room in a blizzard of cell-phone calls, there was a growing sense around the table that the U.S. must, as one put it later, "intensify the effort." That meant sending to Seoul $2 billion in direct American loans that had been offered just a few weeks earlier as "a second line of defense...
...Miserables After 10 years on Broadway, the Alain Boublil-Claude-Michel Schonberg musical had fallen into serious disrepair. So directors Trevor Nunn and John Caird became their own show doctors, replacing much of the cast and giving the production a thorough overhaul. Mon Dieu! Les Miz is back and as rousing as ever. Now, about Miss Saigon...
...prewar period's spreading economic chaos, which had set the stage for Hitler. The organization today operates from a headquarters in Washington only a few blocks from the White House, which alone makes it suspect in the eyes of some countries. Its top executives include managing director Michel Camdessus (a Frenchman) and first deputy managing director Stanley Fischer (an American). They report to a 24-person international executive board. The IMF staff is small--just 1,100 professionals, including 759 economists--only one-fifth the size of its sister agency the World Bank, which was established at the same time...
...enlistment in the Marine Corps. This, however, turned out to be a blessing in disguise, since he was posted to Quantico, Va., and while there was able regularly to visit Washington museums, especially the Phillips Collection. One painting there, in particular, got to him: Matisse's Studio, Quai St. Michel, 1916. Though Diebenkorn would continue to meditate on other works by Matisse (and Mondrian, and Cezanne, and Bonnard, and so on through a wide classical-modernist pantheon) for the rest of his working life, this particular Matisse, with its simultaneous inside-outside view, thrilled and inspired him: "I noticed...
...country's finance minister, Lim Chang-yuel, announced early Monday that a deal had been reached for an IMF bailout of between $50 and $60 billion, about three times the country's original target. But later in the day, IMF managing director Michel Camdessus threw cold water on that one, noting that nothing is final until both sides ink an agreement. The Wall Street Journal reports that the parties are still at odds over Seoul's gross domestic product growth rate for next year...