Word: waned
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...Some argue Bretton Woods and the International Monetary Fund (IMF) and World Bank it created should have undergone revamping even before the crisis broke. Initially tasked with overseeing currency exchange rates and providing funds and advice to nations suffering trade deficits, the IMF has watched its field of action wane as economies developed and globalized. As part of that evolution, financial trading began spanning borders and generating previously unimaginable transactions through highly-leveraged and complex derivatives - all within a virtually unregulated atmosphere that national governments couldn't manage to police. Sarkozy and his European partners hope that...
...African renaissance of good governance and economic development had been championed by the likes of South Africa's former President Thabo Mbeki and other veterans of the struggle to end white rule on the continent, Farhan argues that it's precisely because the liberation-era movements are on the wane - as South Africa's African National Congress seemed to be last week, amid a very public schism - that governance is improving. "Those movements used to say, We have the right to stay in power because we are a liberation movement," she says. Across the continent, the liberation movements produced many...
...professional dismissal and bans on public displays of art. Nonetheless, Chinese artists today, due in great part to the art boom in their nation, are presented with incredible prospects. While the prices of art made by Chinese may fall, foreign interest in the Chinese art scene is unlikely to wane. If the work of Xu Bing makes one thing apparent, it is that the creation of Chinese art that sells, but lacks declarations of its Chineseness, is not only a possibility, but for some, already reality...
This summer has proved that the action film is where most of the talent has gone: into the technique and technology of pure moviemaking, of getting the viewer's blood racing by blowing stuff up. Handmade art is on the wane; machine art is here to stay. The gentle crafts of acting, of sculpting witty dialogue, of a director's subtle sense of where to lead the camera and the audience may be in decline, but the second-unit guys and stuntmen and CGI wizards are at the top of their game. It's not the highest form...
...only trouble at the cave used to be that the Shiva Lingam would melt before the greater part of the throngs could arrive to pay obeisance (The stalagmite does wax and wane with the seasons but some blame premature melting on global warming, others on heightened human activity near the shrine). However, for more than two months now, this small, 150 ft high and 90 ft long cave has been the center of a raging communal and political storm in the state of Jammu and Kashmir - one that has divided the Hindu and Muslim populations of the state...