BANKING: Doodling & Disequilibrium

One solid week of conferences and reports was too much for the 63 governors of the World Bank and Monetary Fund. By the time their first annual meeting droned to an end in Washington's Wardman Park Hotel, they were doodling, yawning and fanning themselves with the agenda.

But their boredom was a good sign. It meant that nobody was mad at anybody else—something rare in international finance. The British, who were shoved around by the U.S. at the Savannah conference (TIME, April 1) until they could barely see straight, actually went home happy....

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