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...China's leaders have been taking steps to show just how nervous they are about a weaker dollar as the U.S. runs up massive deficits to shore up its crumbling economy and financial system. In the past two weeks, China signed multibillion-dollar currency-swap agreements with Indonesia and Argentina that effectively allow Beijing's two trading partners to bypass the dollar as a medium of exchange. The deals followed similar swaps China has hammered out over the past six months with Malaysia, Hong Kong and South Korea. The combined value of the various swaps - which enable the central banks...

Author: /time Magazine | Title: China Takes a Small Step Away from the Dollar | 4/6/2009 | See Source »

...During Jersey we received more than two thousand emails and phone calls," he said. "The emails came from all over the world, but most were from Afghans delighted by their team's success." The broadcaster adds that by the time the team played its early World Cup qualifiers in Argentina in February this year, the number of emails per match reached "over...

Author: /time Magazine | Title: Afghan Cricket: No Losers Here | 4/3/2009 | See Source »

...following year, Henderson lit out for Brazil, where he took the reins of GM's operations in that country as well as Argentina, Paraguay and Uruguay. He has cited the promotion as his "big break." It also opened the door for futher international assignments, including stints overseeing GM operations in Africa, Latin America, the Middle East, Asia Pacific and Europe. According to a 2008 New York Times article, he has visited at least 45 countries as part of his duties...

Author: /time Magazine | Title: Fritz Henderson: GM's Interim CEO | 3/31/2009 | See Source »

...govern by marrying some of the social concerns of the traditional social-democratic left with the market-oriented economic growth strategies of Ronald Reagan and Margaret Thatcher. Today, a similar outlook is shared by the moderate leftist parties that govern in Latin America's biggest economies, such as Brazil, Argentina and Chile. And the current global economic crisis would appear to be an auspicious moment for political leaders whose central message has always been that the free market alone cannot solve the world's problems. (See pictures of the global financial crisis...

Author: /time Magazine | Title: At a Summit of Center-Left Leaders, Hailing a 'Progressive Moment' | 3/30/2009 | See Source »

...bank listed some of those measures: Russia has raised tariffs on used cars, Argentina imposed new licensing arrangements for imports, China banned Irish pork, India banned Chinese toys. No fewer than 13 countries have granted subsidies to various parts of the automobile industry. And the bank didn't mention the nasty spat that has broken out between the U.S and Mexico; the U.S. has stopped a program that allowed Mexican trucks on American roads, and Mexico has retaliated with tariff increases. Said World Bank president Robert Zoellick: "Leaders must not heed the siren song of protectionist fixes. Economic isolationism...

Author: /time Magazine | Title: Global Trade: The Road to Ruin | 3/26/2009 | See Source »

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