Time Clock: World Currency Cop


THE currency cop of the world is a massively built man (6 ft. 1 in., 220 lbs.) with the shoulders of a riot-squad member and the broad, ranging mind of Sherlock Holmes. His name: Per Jacobsson (pronounced yah-kub-son). His job: managing director of the International Monetary Fund. Jacobsson is an expert at pleading, cajoling, and onoccasion forcing nations to follow wise economic policies. Thanks to the Fund —and booming production in Europe —Jacobsson reported last week that "Europe's monetary troubles have been successfully overcome, from a whole series of emergencies, on...

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