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...those unacquainted with the thrills of international economics, the IMF is in essence both a bank of last resort and a fiscal reform school for wayward economies. When countries such as Thailand and South Korea admit their sins--too much debt, too much spending and a lack of controls on their banking industries--the fund sends in the economists, armed with several financing schemes. There are short-term loans to stanch the bleeding and stop the flight of capital. The fund also negotiates for longer, 10-year credit agreements, as well as so-called concessional loans, or grants...

Author: /time Magazine | Title: IMF TO THE RESCUE | 12/8/1997 | See Source »

...part of an engineered package: expect little containers of green slime and robotic Weebo's under every Christmas tree this year. "The movie's forgettable," even Disney seems to admit, "so why not buy a toy to help you remember...

Author: By Soman S. Chainani, CONTRIBUTING WRITER | Title: Flubberiffic!: Attack of the Green Goo | 12/5/1997 | See Source »

Okay, they admit it: The idea of vacation days got to L.I. Slim and the KC Line last weekend, and picks were left unmade. (Confidentially, they both would have taken a beating). L.I. Slim is still rather shaken after Week 13's debacle, and he's feeling like nerveless Robert Vaughn in "The Magnificent Seven." But here goes, with forced brio...

Author: /time Magazine | Title: On Top of the Covers | 12/5/1997 | See Source »

...reason that we hate Barney isn't that he spends all his ill-gotten PBS gains on crack whores and heroin. It's because he's freakin' annoying. Although I have to admit, it was delightful to see the word "peccadilloes" in print. --Josiah J. Madigan...

Author: NO WRITER ATTRIBUTED | Title: Microsoft's Success Deserves To Be Scrutinized | 12/1/1997 | See Source »

...moment, which may extend to Academy Awards night, Matt Damon has cornered the always busy market in youthful, affronted innocence. And you have to admit he's pretty good at it. In The Rainmaker, playing Rudy Baylor, a young, undertrained lawyer trying his first case, he shows a nice sneaky knuckler, tracing an erratic path toward the strike zone. In Good Will Hunting, he pitches a sharp curve ball as a brilliant autodidact, confused by his own genius, alternately angry and vulnerable. Yet whether Damon has a high hard one, a true star's blowback fastball, is not a question...

Author: /time Magazine | Title: CINEMA: TALES OF YOUNG MEN AND THEIR DREAMS OF GLORY | 12/1/1997 | See Source »

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