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...fiscal reform school for wayward economies. When countries such as Thailand and South Korea admit their sins--too much debt, too much spending and a lack of controls on their banking industries--the fund sends in the economists, armed with several financing schemes. There are short-term loans to stanch the bleeding and stop the flight of capital. The fund also negotiates for longer, 10-year credit agreements, as well as so-called concessional loans, or grants, to the poorest countries...

Author: /time Magazine | Title: IMF TO THE RESCUE | 12/8/1997 | See Source »

...Irish troubles, as the English call the battle between Protestants and Catholics for control of Northern Ireland, are at heart a fratricidal family squabble. So maybe a few steely mothers can stanch the blood sport. Some Mother's Son, which Terry George directed from his and Jim Sheridan's script, documents the 1981 hunger strike led by IRA soldier Bobby Sands (John Lynch) and the attempt by mothers of Sands' jailed cohorts to keep their boys from dying. Despite her natural caution, Kathleen Quigley (Helen Mirren), an apolitical teacher, is persuaded, by an IRA sympathizer (Fionnula Flanagan) and by loyalty...

Author: /time Magazine | Title: A RICH FILM FEAST | 12/30/1996 | See Source »

...permanent refugee camp would cost some $2 billion. Three months later, partly with that figure as ammunition, Administration moderates staged a policy coup. Under Secretary of State Peter Tarnoff began secretly talking to Ricardo Alarcon, president of Cuba's legislature. The Guantanamo refugees would be sent to Florida. To stanch any new exodus, U.S. Coast Guard boats would intercept future rafters at sea and return them to Cuba on condition that the regime not punish them...

Author: /time Magazine | Title: CLINTON'S CUBAN ROAD TO FLORIDA | 10/28/1996 | See Source »

Once again, the jackboots of the Industrial Era can be heard stomping cluelessly around the Infobahn. In fact, the Germans did almost nothing to stanch the flow of sexual materials. The newsgroups that CompuServe removed are still active on millions of computers worldwide. CompuServe subscribers in Bavaria or anywhere else can simply switch to a less timid online service and re-enter the discussion. As Internet pioneer John Gilmore once said, "The Net interprets censorship as damage and routes around...

Author: /time Magazine | Title: THINKING LOCALLY, ACTING GLOBALLY | 1/15/1996 | See Source »

Last week, as the House of Representatives voted for legal-reform measures as part of a Republican pledge to stanch the tide of frivolous lawsuits and to rein in society's litigious ways, the anecdotal evidence of the reformers' nightmares was nowhere stronger than in Barbour County. Last year juries in Alabama awarded $200 million in punitive damages, some of it in cases where actual loss was minuscule compared with the damages. "Alabama is off the charts," said George Priest, a Yale University professor of law and economics. "Lawsuits used to be about restitution. Now Jere Beasley goes into court...

Author: /time Magazine | Title: WHERE THE TORTS BLOSSOM | 3/20/1995 | See Source »

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