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...Swedish financial system is relatively small compared to the U.S. In 1992 most leading government officials knew the bank chiefs on a first name basis. Still, the Swedish experience could hold other lessons, says Robert Bergquist, chief analyst at SEB, one of Sweden's largest banks. "The Swedish success depended on four factors," he explains. Stockholm acted quickly, in open acknowledgement of the problems, and under a broad political agreement across the party spectrum. "Running parallel with these three factors," he says, "a new economic policy - new goals for inflation and the budget - was developed after the crisis...

Author: /time Magazine | Title: Sweden's Model Approach to Financial Disaster | 9/24/2008 | See Source »

...also an anthropological project I wanted to live on the farm and see what it was like. So I did all the field work and then I edited that footage over the course of my senior year. That turned out to be my film. 9. FM: After the success of “Aftertaste,” what made you turn from film to creative writing? CD: After a year working in New York, I went back to Cape Town and studied for two years. I thought I was going back to keep making documentaries but for a variety...

Author: By Kirsten E.M. Slungaard, CRIMSON STAFF WRITER | Title: 15 Questions with Ceridwen Dovey | 9/24/2008 | See Source »

Chilean President Michelle Bachelet emphasized that the success of democracy in Latin America is contingent on the involvement and equality of citizens, in a speech at the Institute of Politics last night. According to Bachelet, who was elected Chile’s first female president in 2006, democracy in Latin America has reached a point where its implementation is no longer on everyone’s minds, making the system vulnerable to an increase in apathy and institutional distrust among citizens. “What I mean is not that I am a pessimist, but we have...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Chilean Leader Focuses On Democracy | 9/24/2008 | See Source »

...Some states have tried to establish their own standards for truth in political advertising, but with little success. Washington State passed a law in 1984 that made it illegal to sponsor campaign commercials that knowingly "make a false statement of material fact." Violations could incur fines of up to $10,000 for each instance, and could also result in election outcomes being voided. After 14 years, the Washington State Supreme Court ruled the law unconstitutional, prompting one of the dissenting justices to complain that it was "the first court in the history of the Republic to declare First Amendment protection...

Author: /time Magazine | Title: Truth in Advertising? Not for Political Ads | 9/23/2008 | See Source »

...week's annual conference of the governing Labour Party may have reinforced their skepticism. For the convocation of activists and career politicians in the northern English city of Manchester was choreographed to banish the one ingredient it purported to promote: public debate. On that measure, Labour scored a resounding success...

Author: /time Magazine | Title: Britain's Gordon Brown Fights for His Political Life | 9/23/2008 | See Source »

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