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...Turning Poland into a market economy, however, was a more complex and painful process than anyone could have imagined. In the early 1990s, the Polish government attempted to use “shock therapy” programs—championed by Jeffrey Sachs and other Western experts—to jumpstart the economy. This resulted in high inflation and unemployment for years. The Polish economy eventually revived, but the intervening years were painful for most of the country. Solidarity, which had championed shock therapy, soon paid the political price for backing the unpopular economic platform...

Author: By Ellen C. Bryson, Matthew H. Ghazarian, and Eugene Kim | Title: Rewolucja: 20 Years Later | 2/6/2009 | See Source »

...some within), the only way to limit such excesses is through a bigger, more powerful IMF that can act as a 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...

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

...previous album “Magic,” the E Street Band is much more prevalent and fleshes out the songs, giving them an epic quality, like on the dark and eight-minute long opener “Outlaw Pete,” a harrowing western tale about a man unable to escape his past. While their presence is well felt, one thing noticeably absent is Clarence “Big Man” Clemens, whose sax can only be heard at the end of the track “This Life.” This appearance disappoints...

Author: By Edward F. Coleman, CRIMSON STAFF WRITER | Title: Bruce Springsteen | 2/5/2009 | See Source »

Harvard came into the game with confidence. Quickly leaving behind its upset against Cornell on Dec. 6, the Crimson had won its past two contests against Western Ontario, 7-2, and Rochester...

Author: By Alison E. Schumer, CRIMSON STAFF WRITER | Title: Harvard Falls to Best in Country | 2/5/2009 | See Source »

...western end of the Luneta, Manila's crescent-shaped, scraggly public green, a cluster of life-size bronze sculptures of Rizal and the firing squad that gunned him down marks the spot where the doctor, now a national hero, was executed in 1896. A vulgar, nightly sound-and-light show dramatizes the moment. But far more unnerving, in a city where it's hardly unusual to see children sleeping in cemeteries, is the pomp on display at the 97-year-old Manila Hotel, a 10-minute stroll toward Manila Bay. In the third Rosales novel, My Brother, My Executioner...

Author: /time Magazine | Title: Manila Through the Eyes of F. Sionil José | 2/5/2009 | See Source »

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