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...will be much closer to the original vision of its role as outlined in the 1940s by John Maynard Keynes, who helped to found it. The IMF "is not a Red Cross philanthropic relief scheme, by which the rich countries come to the rescue of the poor," Keynes declared. Rather, it should be a "highly necessary mechanism, which is at least as useful to the creditor as to the debtor." Rediscovering that sense of equal exchange will be key to the IMF's rebirth...

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

...poetry, prose, and translations. Adam L. Palay ’11, a member of the Advocate and the event’s organizer, said that the reading was a change from those usually held at the Advocate, as the organization usually holds more intimate readings by authors and poets, rather than collaborations between literary figures and musicians. “We usually don’t have a performance like that,” he said. “So I think it’s really great to do something different.” The poet performed six poems...

Author: By Manning Ding, CONTRIBUTING WRITER | Title: Former Poet Laureate Reads at the Advocate | 4/19/2009 | See Source »

...hard not to imagine them as characters in some dystopian Horn of Africa version of Waterworld. We see wily corsairs in ragged clothing swarming out of their elusive mother ships, chewing narcotic khat while thumbing GPS phones and grappling hooks. They are not desperate bandits, experts say, rather savvy opportunists in the most lawless corner of the planet. But the pirates have never been the only ones exploiting the vulnerabilities of this troubled failed state - and are, in part, a product of the rest of the world's neglect. (Read "No Surrender to Thugs...

Author: /time Magazine | Title: How Somalia's Fishermen Became Pirates | 4/18/2009 | See Source »

...trial itself will generate much protest in Pakistan or worsen the already hostile diplomatic relationship with Pakistan. The rhetoric might have been stronger than usual, but it's no different from what Indian commentators have been talking about for years - Pakistan's attempts to destabilize India with bomb blasts rather than as through conventional warfare. "The involvement of Pakistan is documented very clearly," says Ajai Sahni, head of the South Asia Terrorism Portal. The only difference in this case is the level of detail. Nikam alleged that LeT chief Zaki Ur Rehman Lakhvi personally oversaw some of the training, along...

Author: /time Magazine | Title: Mumbai Attacks Trial Offers Rare Glimpse into Indian Courts | 4/18/2009 | See Source »

...line quantitatively insists that Mao was 70% right and only 30% wrong - Hu Jiwei's views on Deng will no doubt be a hard one to accept. Ching Cheong, a Hong Kong-based writer who was imprisoned by Chinese authorities for almost three years for espionage, put this in rather blunt terms at the book event. "[China does] not dare to face its history," he says...

Author: /time Magazine | Title: Hong Kong Dissidents Get Organized As Tiananmen Anniversary Draws Near | 4/17/2009 | See Source »

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