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...stirring political phrasemaking. Today, though, Brown looks prescient. "We must now go further and develop new global structures for the global age. The events of recent months have pointed out inadequacies in our understanding of the interrelationships between financial markets and between countries." That could be a Brown sound bite from yesterday, but it comes from a 1998 speech on Asia's market meltdown. Speaking to TIME last spring, he worried about the danger of "national supervisors and global flows of capital ... Nobody has quite understood how big the restructuring of the world economy needs to be." Nobody, his supporters...
Fiscal Creep Around Europe, that ripping noise you hear is the sound made by Treasury officials tearing up their 2009 budgets. With the economy slowing, tax receipts are lower than expected, and in Britain, France and elsewhere government spending is higher than forecast. Now comes the bank bailout, and with it, a huge increase in government borrowing. British Prime Minister Gordon Brown has been the first to detail his national package, and it's making fiscal hawks shudder. It involves injecting up to $65 billion into three British banks - Royal Bank of Scotland, HBOS and Lloyds TSB - in exchange...
...alcohol and drugs—many still make that choice based on an acute awareness of the image they’ll be presenting to everyone else. Many won’t drop their daily charade until they’re back, late at night, in the safe-and-sound suites they call home. When no one’s there to see us, we stop wondering how we look to the world, and the parts of us we try so hard to deny finally come...
...come to know our neighbors well here. Such is the reality of Harvard residential life, where paper-thin walls and N - 1 housing often force us to live a little too close for comfort. Since ancient wood paneling rarely functions as an effective sound barrier, we’re left little choice but to cohabitate, at least aurally, with the suite next door...
...This is not always the happiest of arrangements. As darkness falls and each Harvard student tromps back to his or her bed, desk and chair, the last thing many of us want is the sound of a near-total stranger taking up space. No matter the room number, from the River to the Quad, everyone seems to share a wall with the most absurd of characters. They scream at inhumanly high pitches, they cackle and guffaw, they blast ’90s pop into the wee hours (especially during Reading Period). Some of us respond in kind?...