Word: imf
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...Today's well-educated extremist, who keeps in touch with his brethren in Algeria or Indonesia through the Internet, doesn't employ the fire and brimstone of the village cleric to justify terrorist acts. Instead, he sees the conspiracy against Islam in geopolitical omens: foreign debt, IMF restrictions, wars against Muslims in Chechnya and Bosnia, and the Palestinians versus Israel. But often this cool rhetoric masks a hair-trigger emotionalism, an angry hurt. As one senior Pakistani police counterterrorism expert, Muhammed Shoaib Suddle, remarked: "What drives people to this madness? It has nothing to do with reality but with...
...throw, legal to possess and dense enough to cause damage. Rioters defiantly threw them, along with less refined bricks, rocks and Molotov cocktails, at the Summit of the Americas conference in Quebec City last April. With as many as 100,000 expected to gather for the World Bank-IMF meeting, all local and federal law-enforcement agencies are on guard. "We certainly don't want to inhibit those who come to demonstrate peaceably," says Secret Service spokesman Jim Mackin. "But we have to be prepared for those who break...
...global-pop blender? If they are grooving to Ricky in Kingston, is there anywhere to hide? The first moments of the 21st century have been haunted by the specter of globalization, of a star-spangled world in which a parade of powerful letters--the U.N., the WTO, the IMF--hammers the diversity of the planet into homogenized goop. But Aterciopelados insisted on recording its latest CD in its hometown of Bogota. And Max de Castro projects blown-up images of old Brazilian LPs at some of his concerts to remind audiences of his country's heritage. Many new global artists...
...Wednesday, O?Neill signed off on an IMF plan to provide $8 billion in new loans for Argentina, on top of $13.7 billion package the country received just eight months...
...less dramatic note, the Bush team had on the campaign trail also echoed a free-market orthodoxy against bailing out stricken emerging-market economies, but when Turkey threatened meltdown in the spring, they backed an IMF bailout. Again, this prioritizing of pragmatism over ideology may be encouraging to an international financial community nervously contemplating the state of Brazil and Argentina...