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...tempting to say that no executive, no matter how accomplished, can fix the nation's largest banks. They can only be fixed when the credit markets themselves are repaired. Antagonists to that way of thinking would refer to Jamie Dimon of JPMorgan (JPM) who they claim can fix anything in the financial world. That point of view fails to admit that he did not break his bank in the first place...

Author: /time Magazine | Title: In Favor of Not Firing Bank CEOs | 4/20/2009 | See Source »

...past, successful stars or filmmakers like Vosloo or Tsotsi director Gavin Hood would have left for Los Angeles. Charlize Theron, South Africa's biggest star, never even acted at home. But Nkosi, who was cast in Peter Jackson's upcoming alien blockbuster District 9, shot in Soweto last year, says that while he's happy to act for Hollywood, he has no wish to act in it. South Africa is too exciting. "We were shut away from the world and each other for so long. But now we are getting to know each other. Now we are telling...

Author: /time Magazine | Title: South African Film: Beyond Black and White | 4/20/2009 | See Source »

...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 is supposed to shift, too: the G-20 wants it to play a more active role as global economic cop, monitoring policy among the major advanced economies as well as the poorer ones, and blowing a whistle when it sees dangerous behavior. In theory, the IMF should reflect...

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

According to the Boston Globe, officials at Northeastern say that “99 percent” of its students have also received the required vaccination as mandated by Massachusetts law. The University is offering free shots to the remaining one percent on campus...

Author: By Spencer H. Hardwick, CONTRIBUTING WRITER | Title: Mumps Breaks out at Northeastern University | 4/19/2009 | See Source »

Twenty years ago, a question posed by Italian journalist Riccardo Ehrmann prompted an East German official to say the words that triggered the fall of the Berlin Wall. Now new facts have emerged that shed a different light on that fateful press conference...

Author: /time Magazine | Title: Berlin Wall: Was the Fall Engineered by the GDR? | 4/19/2009 | See Source »

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