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...Cows account for about half the illegal trade; Indian government rations of wheat, rice and sugar sold on the black market in Bangladesh, as well as cough syrup (used as an intoxicant across the border), account for the rest. Altogether, this informal trade is nearly as large as the formal trade, according to a 2006 study by the World Bank. Mohammad Jalal Uddin Sikder, a researcher with the Refugee and Migratory Movements Research Unit (RMMRU) at the University of Dhaka, describes typical smugglers: "They are landless, most of them are female, sometimes divorced. They have no other choice." Criminalizing...

Author: /time Magazine | Title: A Great Divide | 2/5/2009 | See Source »

Almost immediately, studio engineers adopted it as a trade secret to fix flubbed notes, saving them the expense and hassle of having to redo sessions. The first time common ears heard Auto-Tune was on the immensely irritating 1998 Cher hit "Believe." In the first verse, when Cher sings "I can't break through" as though she's standing behind an electric fan, that's Auto-Tune--but it's not the way Hildebrand meant it to be used. The program's retune speed, which adjusts the singer's voice, can be set from zero...

Author: /time Magazine | Title: Auto-Tune: Why Pop Music Sounds Perfect | 2/5/2009 | See Source »

...market currency collapses of the late 1990s, in which IMF aid wasn't much help, the lesson that emerging economies such as China and India took was that they needed to build up gigantic reserves of U.S. dollars to protect their currencies. To build those reserves, they ran big trade surpluses, which were in turn enabled mainly by record trade deficits in the U.S., which were in turn enabled by massive borrowing from around the world. It was an extremely unbalanced financial ballet, and it has now come crashing to the ground...

Author: /time Magazine | Title: New World Order | 2/5/2009 | See Source »

...central bank to the world--and knock heads when needed. While everybody agrees that this new IMF needs to be less dominated by the U.S. and Western Europe, things get controversial as soon as you go past voting rights. Should capital flows be restricted? Should there be limits on trade deficits and surpluses? Should the IMF be able to order around even the U.S.? If the answer to any of these questions is yes, global capitalism will have entered a new and dramatically less freewheeling...

Author: /time Magazine | Title: New World Order | 2/5/2009 | See Source »

...some alums, these structures remain in use more today. Nevertheless, as students grapple with a hemorrhaging economy, personal connections of any sort borne of a Harvard-affiliation may prove increasingly important. THE ADVANTAGES OF AN ELITE EDUCATIONInstead of solely focusing on the mechanics of the trade, students at the College are forced to divide their time between the application of their art and the books. Many current filmmakers, however, elected to focus on Harvard’s other curricular resources during their undergraduate years, even when they knew that cinema was the next step.“I knew coming...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: Welcome to the Reel World | 2/5/2009 | See Source »

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