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the ability of portfolio investors to move money unfettered across national borders is a matter of controversy among economists, much more so than is the freedom of trade in goods. With regard to this aspect of global capitalism, the Argentine crisis underlines the need for major repair. It points inexorably to the conclusion that government effort
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
Amanda Kolson Hurley • One Mayor’s Downfall Killed the Design Project That Could’ve Changed Everything
During the Asian financial crisis, the IMF would be accused—with considerable justification—of pushing countries such as Thailand and Korea too far in the direction of budgetary austerity, driving economies that were already headed for trouble even deeper into recessions. Paradoxically, in the case of Argentina, its pride and joy, the Fund's pushin
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
David Teiger,
Sarah Thornton • Seven Days in the Art World
“Isak Dinesen’s Out of Africa.”
Haruki Murakami • 1Q84: Book 3 (2Q84 2)
That Thomas had worked for the Chronicle since 1976 was easily established, as was the fact that he’d published three brief novels since that date. Out of a sense of delicacy Carleton never mentioned that he owned all three of these, and found them elegant and elliptical, couched in prose that had the cadence of the King James Bible, and concerned
... See moreSarah Perry • Enlightenment
the cover of the June 27 issue of Time magazine.
Nelson Denis • War Against All Puerto Ricans
Within a few years as U.S. Attorney, Giuliani was probably the nation’s best-known crime-fighter since J. Edgar Hoover. That was due both to how many important convictions he secured and to his genius for promoting them. Though Giuliani expanded the U.S. Attorney’s office to 132 assistants, he presented himself as the iconic figurehead of that offi
... See moreWilliam Poundstone • Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
Sam had handed Ryan his checkbook and told him to buy office space and as much worker housing as fast as possible without worrying about the cost. No man was ever so good at not worrying about the cost as Ryan. In a matter of weeks, he had snapped up between $250 and $300 million in real estate, including $153 million worth of condos in an expensiv
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