Word: presentism
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...extra money is just part of the story. Along with the new resources come, at least in theory, important changes in the way the IMF functions. In the future, European countries will no longer have an automatic right to pick its managing director, as they do at present. And through a reform of its arcane shareholding or "quota" system, the domination of policy by the U.S. and other developed economies will give way to a more balanced system of governance, under which developing countries such as Brazil, China and Russia will have a greater say. The IMF's focus...
...article that described its performance as "less than evenhanded or effective," and accused it of being asleep at the wheel in the months before the current economic turmoil. "The IMF was uncharacteristically disengaged from the debate on growing economic and financial vulnerabilities during the run-up to the present crisis," Knight argued, adding: "It offered little concrete policy advice to countries on how to manage once the crisis broke...
...Britain's present - twentysomethings with end-stage liver disease, "binge black spots," city centers carpeted with vomit - also Thailand's future? It doesn't have to be. Thailand's per capita alcohol consumption is still half that of Britain's, according to the most recent figures from the World Health Organization. But Thailand could learn at least two lessons from Britain's battle with the bottle...
...dinner? Tonight’s menu—lobster bisque, rosefish, hazelnut soufflé—will be prepared by our star chef Jean Luc, who trained for six years at Le Benardin julienning carrots and perfecting his flambé. What was that? No, unfortunately, at the present time we do not prepare beef tacos, though high demand may necessitate a reconsideration of our current bill of fare. It is possible, however, that ramen noodles al dente—a staple of your demographic, we hear—are currently available, though naturally an 18-percent surcharge will apply...
...historians find the story entirely plausible. Hans-Hermann Hertle from the Potsdam-based Center for Research on Contemporary History tells TIME that he had "already wondered about that 15 years ago." Hertle cites the fact that an American reporter present at the press conference, when attempting to speak, was cut short by Schabowski, who then allowed the Italian journalist to ask his question first, as an indication that Ehrmann's question had been prompted by the party. But neither Ehrmann, Potschke nor Schabowski confirmed Hertle's suspicion back then...