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...International Monetary Fund would finish last. Over the past 30 years, the Washington-based agency has aroused fear and loathing throughout much of Africa, Asia and Latin America because of the tough conditions it imposed on governments as the price for its financial assistance. When its role dwindled to near-irrelevance earlier this decade as the world economy expanded strongly, few tears were shed. Taking over as managing director in 2007, Frenchman Dominique Strauss-Kahn warned its directors that, "what might be at stake today is the very existence...

Author: /time Magazine | Title: International Monetary Fund 2.0 | 4/20/2009 | See Source »

...Near Jake’s house is Western Avenue, a street where Harvard has been hungrily buying up properties and displacing businesses. The once-thriving town center has vacant buildings and the occasional survivor, like the local pub. But even those still in possession of their lease have experienced a drop in business,. Harvard’s expansion has left the residents of Allston with little more than a panoply of empty storefronts and dying businesses...

Author: By Megan A. Shutzer | Title: Let Them Eat Cake | 4/20/2009 | See Source »

...Some items are near or slightly past their sell-by dates, but these days, expiration won't keep shoppers from a discount. Other stuff is just sitting on the shelves, and will go to waste if it's not auctioned off. The grocers get the proceeds from the sale, and the auctioneer takes a cut for commission. DeHart, for example, says he usually receives about 30% of an auction's proceeds. He started running grocery auctions three months ago. During one five-hour auction in March, bidders paid $10,000 for groceries that retailed for $26,000. (See pictures...

Author: /time Magazine | Title: Canned Ham, Going Once, Twice: A Rise in Grocery Auctions | 4/19/2009 | See Source »

...near the beginning of the interview, Warren told Stewart that there was "a little dispute on some of the numbers" as to how much money has gone out the doors of the Treasury Department as part of the bailout. Turns out we're down a lot of money and she doesn't know exactly how much...

Author: By Lauren D. Kiel | Title: Warren Matches Wits with Stewart (Well, Sort of) | 4/18/2009 | See Source »

...experts give Domino's high marks for its response. "First of all, they handled it very well with the video response," says Pete Blackshaw, brand strategist for Nielsen Online. "It could have been a little bit quicker, but the company needed time to get its facts straight. It was near perfect...

Author: /time Magazine | Title: Domino's YouTube Crisis: 5 Ways to Fight Back | 4/18/2009 | See Source »

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