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...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 the Nov. 15 summit can come up with a scheme of common rules governing global finance - with the IMF possibly acting as the world regulator. Not everyone is optimistic that will...
...Main Street's Pullback For millions of Americans, the prospect of living within their means is a meaner one by the day. And it has consequences that are already showing in the bankruptcies of retailers such as Linens 'n Things, Mervyns, Steve & Barry's, Shoe Pavilion, Goody's and Sharper Image and in the possibility of poor holiday sales. The overleveraged consumer is the biggest economic problem the country faces, because debt has been the rocket fuel that has propelled growth for most of the past decade. Two-thirds of the $14 trillion U.S. economy is driven by consumer spending...
...made Hollywood movies. Why come back to making independent films? Paul Moore, Boston I was really curious about how the studios worked, how mainstream movies were made and how I could use my sensibility within the studio system. Now I've come back to the indies because I got on that treadmill and I couldn't get off for a while...
...overweight." So apparently it's healthy to love yourself as you are, but only if you're thin; if not, better keep up with that self-loathing! A study on dieting by the National Institutes of Health showed that virtually all dieters regained all the weight they lost within five years. Until the medical community can offer people effective solutions to obesity, I suggest that Gupta not knock the self-acceptance route. Kelly Murphy, Hunter, New York...
...will embrace a range that celebrates what he calls the "quintessential Australian beach babe," to be embodied by Sydney model Cheyenne Tozzi. Mambo will stay in department stores but also return to surf chains. If all goes well, says Kingsmill, its nine outlets in Australia could become 20 within three years. He also plans to expand into the U.S., where classic Mambo T shirts have been traded on ebay...