Word: systemic
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...with the new resources come, at least in theory, important changes in the way the IMF functions. In the future, European countries will no longer have an automatic right to pick its managing director, as they do at present. And through a reform of its arcane shareholding or "quota" system, the domination of policy by the U.S. and other developed economies will give way to a more balanced system of governance, under which developing countries such as Brazil, China and Russia will have a greater say. The IMF's focus is supposed to shift, too: the G-20 wants...
...hope that President Obama will live up to his campaign rhetoric and recommit the United States “to the rule of law, [rejecting] a false choice between fighting terrorism and respecting [the legal system].” Investigating and prosecuting those responsible for the worst abuses of power under the Bush administration is a necessary step toward that restoration...
...record-breaking 50 Harvard students who will join TFA next fall—said she believes Boston could benefit from the program. “I think there’s always going to be some resistance to change when an organization comes in to fix a failing system,” she said. “I love Boston Public Schools but I also absolutely believe that there is a place for TFA here.” Eve R. Meyer ’09 emphasized that the intention of TFA is to supplement, not replace, current teachers...
Rather than governments trying to ban ransom payments - which could be futile - Costa suggests trying to choke off the flow of money pirates and kidnap gangs receive. "They may move some of their money offshore, using the hawala [underground banking] system and through third parties, particularly in financial centers where shipping companies are located." Costa and Clinton have also said that shipping and insurance companies should work on developing Somalia, rather than simply paying ransoms - a suggestion that insurance brokers reject. "It's not down to insurance companies to promote peace in Somalia," says Cooper Gay's Regester. "That...
Here is how the system works, according to kidnap-and-ransom experts who agreed to talk to TIME: Within minutes of a vessel being seized by Somali pirates (or foreign oil workers being nabbed in Venezuela or Nigeria) the crew alerts its company headquarters. There, officials call the company's insurer, which then contracts a "response company" - private firms, like Control Risks in London or ASI Global in Houston, which are generally staffed by former military personnel experienced in hostage situations, and whose day rates can run to thousands of dollars, according to insurance brokers. Those companies begin negotiations with...