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...this adds up to perhaps the gravest challenge to global capitalism since the Great Depression. And suddenly everyone from Malaysia's dictatorial Mahathir Mohamad to President Bill Clinton and British Prime Minister Tony Blair are calling for reform of the international monetary system that has held sway for a half-century. Their ideas range from Mahathir's ban on currency trading in depression-mired Malaysia to the Clinton Administration's talk of a new "global financial architecture" that would preserve a relatively free flow of capital while reducing the volatility of world financial markets. Says Treasury Secretary Robert Rubin: "Clearly...

Author: /time Magazine | Title: Stickier Money | 10/12/1998 | See Source »

Surrounding the kelp is a dense and delicate garden of tentacled plants that sway in unison, like backup singers. Pink, orange, rose, green, lavender. Plants with Einstein's hair, plants with Don King's and Phyllis Diller's--all kept graceful by the water. The garden is vertical as well as horizontal. On its floor sea stars crawl on their bellies like fat recruits in basic training. Above them swim the gulping bells of the jellies. In the intertidal zone limpets and other mollusks graze on algae in the rocks. Cancer crabs attack hermit crabs. An anemone divides to reproduce...

Author: /time Magazine | Title: SYLVIA EARLE : Call Of The Sea | 10/5/1998 | See Source »

...have seen other politicians sway in the wind and it's a personal belief that he holds. Although people may not agree in that, they respect it," said Greg J. Kelley, a campaign volunteer...

Author: By M. DOUGLAS Omalley, CRIMSON STAFF WRITER | Title: Eighth District Remembers the Also-Rans | 9/18/1998 | See Source »

...eighth's demographics have changeddramatically since the time when Irish-Americanvoters held significant sway in the district.Redistricting by Congress in 1992 brought morenon-Irish voters into the district...

Author: By M. DOUGLAS Omalley, CRIMSON STAFF WRITERS | Title: Capuano Prevails In Eighth District | 9/16/1998 | See Source »

...normal conditions is not at all obvious. El Nino, for example, is truly an aberration. It makes dry places wet, wet places dry, warm places cold and cold places warm. By contrast, La Nina appears to exaggerate conditions that are more or less normal. Thus, under La Nina's sway, the Indonesian archipelago, which is usually wet, should expect to receive substantially more rain than it got last year. But in the absence of La Nina, Indonesia would still receive a lot of rain. Similarly, Canada and Alaska, which tend to be cold in winter anyway, might well be colder...

Author: /time Magazine | Title: Blowing Hot And Cold | 7/27/1998 | See Source »

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