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...speech on Sunday, Wen shot down expectations that China would allow the value of the renminbi to appreciate significantly, saying it was correctly valued and would remain "basically stable at a reasonable level" this year. "We oppose nations finger-pointing or even using forceful methods to compel a country to raise the value of its currency," he said. He also worried openly about the value of China's dollar-denominated assets, including $895 billion in U.S. Treasury debt. He warned the U.S. not to depreciate its currency to boost trade, as it would hurt the value of Chinese-held assets...

Author: /time Magazine | Title: China Takes Aim at the U.S. on Currency Conflict | 3/15/2010 | See Source »

...decision to house the priest at the archdiocese so he could receive therapy. But the archdiocese insisted that the decision to reassign the priest to pastoral work was taken by Archbishop Ratzinger's then deputy, Vicar General Gerhard Gruber, who said he took full responsibility for the decision to allow the priest to return to work. Father H was convicted in 1986 of sexually abusing minors, receiving a suspended prison sentence and a fine. Despite the jail sentence, the priest controversially carried on with his pastoral duties...

Author: /time Magazine | Title: German Priests' Sex Abuse Scandalizes Church | 3/15/2010 | See Source »

...something bad for more than a year. Greengrass and Damon shot their picture during the last few months of the Bush Administration. Then, writes Anne Thompson on her IndieWire blog, the studio's co-chairmen, Marc Shmuger and David Linde, "pushed back the Green Zone postproduction and release to allow Greengrass to find the film - and an ending - in the editing room." The movie's budget was at least $130 million, plus another $100 million or so to bring to market, and is unlikely to return even half that sum to Universal. The Green Zone shadow, plus the failures...

Author: /time Magazine | Title: Box Office: Alice Turns Damon a Sickly Green | 3/14/2010 | See Source »

...meeting for responding well to student demands. The establishment of the Crimson Forum is a good example of an idea that will benefit all of Harvard. Intended to be be an online discussion thread that is designed to incorporate all undergraduates into a single virtual community, it will allow students to share their thoughts on school-related issues. The UC has a specific niche to fill on campus—improving student life—and measures like the Crimson Forum are the best way to do so. The UC would be much better off devoting its resources to such...

Author: By The Crimson Staff | Title: More Strategic Plans | 3/13/2010 | See Source »

Joining the Co-op—one division of Dudley House, a community for students at the Graduate School of Arts and Sciences as well as a small number of undergraduates—or renting an apartment allow students to escape on-campus living. Despite common perceptions that living off campus is difficult, costly (especially in the Boston area), and lonely, students who have left the Houses say that the rewards of independent living outweigh the occasional inconveniences...

Author: By James K. Mcauley, CRIMSON STAFF WRITER | Title: Undergrads Seek A Room of Their Own | 3/12/2010 | See Source »

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