In The News

August 22, 2002
Despite India's relative abundance of water, the majority of Indians wonder from where and for how much longer their water is coming. With farmers seeking more for their crops and villages demanding more for drinking, the central government is deferring to the states to regulate the available supply. Andhra Pradesh, a southern state, has created local councils to determine appropriations...
Ursula Owre Masterson August 21, 2002
Civil war has ravaged countries like Sierra Leone and Angola for decades. These conflicts, as much about money as about politics, often center around one of the African continent’s most precious resources: diamonds. Rebel groups often sell the gems to developed countries and use the profits to fund their fighting. After years of benefiting from the cheaper stones, Western governments, led by...
Ricardo Hausmann August 14, 2002
Emerging markets such as Brazil and Uruguay need stability in order to sustain growth. The goal behind IMF and US foreign aid should thus be to provide stability. However, Paul O’Neill (US Treasury Secretary), the IMF, and US foreign aid serve more to hurt than to help economic stability, argues Harvard Government Professor Ricardo Hausmann. In order to protect emerging markets when financial...
Joseph E. Stiglitz August 14, 2002
In this opinion piece, former World Bank economist Joseph Stiglitz writes that the success—or failure—of the I.M.F. rescue package announced this past weekend will likely settle the fate of I.M.F., Brazil, and the rest of Latin America. The I.M.F.’s loan history is making many question the Fund’s latest package; a closer look at Brazil, however, may brighten one’s outlook. Sound monetary and...
August 14, 2002
Some multi-national corporations are now larger economically and growing faster than many nations, a UN report says. The report was filed to answer the debate whether corporations were over-shadowing countries in economic stature. Among the corporations, Exxon Mobil Corp, an oil company, topped the list, and the next highest were automobile manufacturers. The rest of the list was a diverse group...
Raymond Colitt August 14, 2002
After the 1998 Russian financial crisis and Argentina's economic collapse, the International Monetary Fund's latest target for support is Brazil’s struggling economy, lending that country 30 billion US dollars last week. This seemed like good news for Brazil which hoped that the IMF loan would attract international investment. However, despite the IMF's support, international...
James Brooke August 13, 2002
In Tokyo and in other growing metropolitan areas, global warming has become an increasingly grave and worldwide concern. The Japanese capital has seen an average increase in temperature of over 5 degrees Fahrenheit since 1900. To help tackle the problem, the Japanese government has given tax breaks to those who plant gardens on their roofs. With new architectural innovations that make roofs...

Pages