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Everybody knew that at least some of the IMF?s billions of Russian bailout money would get flushed down the toilet of corruption. Few figured the cesspool ?- or, more accurately, the sewage treatment plant ?- could end up in Manhattan. According to the Wall Street Journal, authorities are investigating whether some $200 million allegedly laundered through the Bank of New York was siphoned off IMF funds loaned to Russia to stave off its financial collapse. It?s happened before - in 1996, Russia?s own central bank (their Fed!) funneled $1.2 billion in IMF money to an offshore holding company, never...

Author: /time Magazine | Title: How IMF Looks to Have Been Snowed in Moscow | 8/23/1999 | See Source »

...Nearly 900 groups statewide--from fundamentalist churches to liberal organizations--have signed on to help hundreds of families. The state department of social services recruits clients, 90% of them single mothers; the church or association puts together a team to help with everything from resumes to fixing a broken toilet to lining up free dental care. No one knew how the chemistry would work--or that the public-private partnership would help yield something valuable, even beyond a 65% drop in state welfare rolls...

Author: /time Magazine | Title: The Surprise Blessings of Reform | 8/16/1999 | See Source »

Strangely enough, it was only this summer, while reading the sign inside the door of the public toilet advising against disposing anything other than toilet paper down the toilet, that I suddenly remembered those pages. I have never read through those words, because a psycho stole them and absconded with them to Australia. At the time, I was distraught. There was every proof of all the people with whom I had ever shared any love--gone in a single tasteless move. But today, I think: Wastepaper. And by extension, wastepeople...

Author: By Phua MEI Pin, | Title: Forget Me Not, For The Time Being | 8/13/1999 | See Source »

...thing you can say about the Kremlin ? it hasn?t lost its sense of humor. Just when you thought Russia?s economy was down the toilet, the government on Thursday announced a $51 million budget surplus. Yes, surplus. That bit of statistical good news ? which the government attributes to more efficient tax collection ? happened to coincide, as good news usually does, with decisions by the IMF and other creditors to extend a little leeway on debt repayment. "Different ministries are already quarreling about how real the surplus is because the budget was calculated at a much higher ruble-to-dollar...

Author: /time Magazine | Title: Suddenly (Unbelievably?), Moscow's in the Money | 8/5/1999 | See Source »

...sure, iBook's look hasn't garnered universal praise. Silicon Valley insiders, reports a wag, "can't decide whether it looks like a toilet seat or a Hello Kitty bag." But even its detractors would have to agree that it's a striking departure for the home-computer market--and quite possibly a landmark in the quest Jobs began when he founded Apple two decades ago. "I remember when he pulled the white sheet off the first Mac in '84," says Tim Bajarin, a longtime Apple watcher. "Even then, he was going to create the 'computer for Everyman...

Author: /time Magazine | Title: Jobs' Golden Apple | 8/2/1999 | See Source »

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