Word: basket
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Dates: during 2000-2009
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...This is also an encouraging development for the rest of the world?but with a potentially painful twist. By moving to a currency basket, China will need to diversify its enormous portfolio of foreign-exchange reserves, which totaled some $660 billion at the end of the first quarter. Other Asian countries?also massively overweighted in dollars?should follow China's lead. The near-simultaneous announcement by Malaysia that it would abandon the ringgit's dollar peg in favor of a managed basket float confirms such a possibility. The Bank of Korea has also been itching to diversify out of dollars...
...dollar. Citing its wish to "improve the socialist market economic system in China," the bank set the yuan at 8.11 to the dollar?a 2.1% increase in its value?and decreed that henceforth it would trade within a narrow band of 0.3% each day against a basket of (unnamed) currencies. Now that the yuan is allowed to float, even only slightly, its value should better reflect China's buoyant economic growth and its booming trade with the rest of the world. But the 2.1% shift is so slight that it amounts to little more than "a toe in the water...
...splendid Waterford glassware that is the World Championship trophy, which for all these weeks and months has been making a whistle-stop tour of one New England burgh after another, the team that you conjure consists of a Foulke who is a lights-out closer, not a DL?ed basket case; a Schilling who is a bloody-socked titan, not a 250-pound question mark; a Millar with home runs in the double digits; a bullpen that can hold a lead and a starting five with two aces. Clement has been a nice surprise, Wells has had his moments...
...backed down. Abat didn't, however, and he's not restricting his thoughts to the word processor anymore. "I'm leading the Movement for National Salvation," he says. "I'm very open about it. We've had this system for almost 60 years and now, ultimately, we're the basket case of Asia. The people are looking for change...
...valor by overcoming generations of inertia and fatalism. She does it by demonstrating that behind the male swagger there is usually an unsteady little boy in need of a firm maternal hand. When a neighborhood Rambo threatens to shoot at police from his window, Dolores arms herself with a basket of wet wash and gets him to help her hang it: "She held her hand out and Ralphie gave her the blue pajamas. She pinned them to the line and then moved them out, boldly, the pulleys on the far end of the line, on the telephone pole flush against...