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...current crisis, the IMF faces a familiar dilemma: Should borrowers be required to undertake wholesale reforms in order to win loans? In the past the IMF has imposed tough conditions on borrowers, requiring them to prioritize economic and financial reforms ahead of political and social considerations. It's an issue that must be addressed anew, says Boutros-Ghali. "You want a minimum set of policies to make sure things don't get worse," he says. "[But] do we tell them to adjust right now, when it's most difficult? Or do we just give them the money...
...Britain; they have big families - an average of 3.4 children against the national average of 1.9 - so they buy big cars; they spend money on home decoration and twice-yearly vacations - "not just going back to Pakistan or Bangladesh, like their [immigrant] parents did," says Joseph. Bucking the current publishing trend, Emel is hiring extra staff and planning new magazines to cater to Muslim readers. Advertisers include British Airways and banking giant HSBC...
...sure, the two stock market slumps in 2006 and 2008 created negative wealth effects. High-net-worth businessmen have been hit by the current global financial crisis. But there is no doubt that the macroeconomic picture is solid and healthy. Over the next five years Saudi Arabia has outlined a $400 billion spending program. In a decade or thereabouts, Saudi Arabia will become a $1 trillion economy and will be better placed than the rest in the region to capitalize on its knowledge and strengths. During the boom years, some critics said Saudi Arabia should become more like Dubai...
...celibacy meant no offspring vying to inherit church property. That's not to say the rules were always followed, however. Many priests' spirits proved weak and their flesh willing--notably the sybaritic Pope Alexander VI, who installed his teenage son as an Archbishop in 1493. Fernando Lugo, the current President of Paraguay and a former bishop, is accused of fathering three children as a man of the cloth. And while abstinence does not inevitably lead to child molestation, critics are quick to draw a link between priestly celibacy and recent pedophilia scandals...
...authors of the report conclude that Germany is a deeply divided country in terms of income and wealth. "Poverty is on the rise," Ulrich Schneider, the head of Paritätische Gesamtverband, tells TIME. "Our poverty rates date from 2007, before the current economic crisis. Unemployment will rise this year so there's bound to be more poverty." In many towns in eastern Germany local factories have shut down and, since reunification, unemployment rates have climbed to 25% after an exodus of young people looking for work in the west - a far cry from those "blossoming landscapes" former Chancellor Helmut...