Word: systemic
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Keynes led the British delegation to the 1944 conference in Bretton Woods, N.H., where Allied officials determined the postwar shape of the global financial system. He was unable to persuade his U.S. counterparts to give the institution at the heart of the new system, the IMF, the money-creation powers he envisioned. Those finally came in 1969 with the development of the SDR but remained limited in scope. No new SDRs have been created since 1981, and there are only 21.4 billion of them (equal in value to $31.9 billion...
...come to expect great things from Nintendo, which aims its handhelds at everyone, from young children to adults. This month marks the 20th anniversary of the release in Japan of Nintendo's Game Boy, which sold more than 118 million units worldwide, making it the best-selling gaming system in those days. By 2004, Game Boy had evolved into the DS (short for dual screen), a handheld hinged like a makeup compact, with two LCD displays and wi-fi so players could compete wirelessly. The top-selling handheld, it trounces Sony's PlayStation Portable. Rounding out Nintendo's clever lineup...
...Wrong Prescription," Dr. Scott Haig correctly suggests that digital medical records are no silver bullet for the costly, inefficient U.S. health system, but for the wrong reasons [April 6]. Information technology (IT) improves efficiency with the rules of the game currently in play. If the rules reward treating disease complications but discourage management and prevention, IT will help health-care businesses churn out more complications per hour. The fundamental flaw in our current system is that despite decades of debate, no one has an adequate stake in preventing those costly complications in the first place. Steve Brown, WOODSIDE, CALIF...
...giving the fruits of their labor to lower- and middle-class workers, while taxing pollution, which we want to discourage. (It should be noted that such a proposal has zero prospects for being considered in the short term, as it completely upends the fundamental premises of the current entitlement system, but perhaps as we get further down the line with entitlement spending and more comfortable with the idea of a means-tested system, it might get a more serious look...
After a brief history of Ghana’s political system following the country’s liberation from Britain in 1951, Nduom discussed the difficulties of campaigning in Ghana’s latest elections. Challenges ranged from lack of funding, to the questionable tactics of opposing parties, to the poverty endemic in many Ghanaian regions, he said...