Word: baskets
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Buck Farmer ’08 listened as Hurricane Katrina’s winds stripped the limbs off his backyard’s trees and wrenched out others from their roots. Later he wandered up and down New Orleans’ Magazine Street with a laundry basket, at last encountering a convenience store where a man sold him coffee and canned milk, letting in just one customer at a time before closing shop forever...
...most teens like sports. They want to be the best on the team, but there is always somebody better than you. I like to play basketball the most because all you have to do is put the ball in the basket. Football I like because you get to hit people that are talking trash. The only way you can get to play sports is if you get a good education...
...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...