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Dates: during 2000-2009
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...most significant risk in replacing the current bank CEOs is that the new people coming in may or may not be better selections than the people whom they replace. In many quarters this is considered a sort of governance recidivism. But, that does not mean that the argument is entirely flawed. Pandit, Thain and Willumstad did not do any better than their predecessors. As a matter of fact, they probably did much worse. They were given the specific tasks of ferreting out problems in the companies which they were picked to operate and fix them. Each one expressed optimism about...
...shattered economy in 2003. It probably helped that shortly before the G-20 announcement, the IMF gave the world a peek at its new, softer and more generous self, by agreeing to give Mexico a credit line of up to $40 billion. Mexico isn't in the same sort of crisis that has driven it to the IMF several times in the past 30 years, but it wanted backup financing agreed just in case. Tellingly, the IMF extended the credit line through a new facility that doesn't impose the same sort of rigid conditions that gave the organization such...
...justify the fact that Belgium has a substantially larger quota than India, Brazil or Mexico?" asks Ariel Buira, of the Mexican Council for International Affairs. The IMF's legions of critics even include other international agencies. Malcolm Knight, a former general manager of the Bank for International Settlements - a sort of club for central bankers - recently blasted the IMF in an 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...
...captain Max Motschwiller and the team have gotten used to this sort of outstanding play from Cohen...
...took in $14.1 million in its opening weekend. The other new wide release, which will end up sixth overall, was Crank: High Voltage, with B-movie Brit Brillo pad Jason Statham reprising his role from the 2006 Crank as a hit man who'll die if he slows down. Sort of like Speed, only instead of a grimy bus, it's a Limey cuss. Crank 2's haul was a demure $6.5 million...