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...trade in question is known as the "dollar carry trade" because it allows traders to borrow dollars at low rates while investing in another currency that offers a significantly higher short-term yield. One factor behind its growing popularity in Asia is because the other side of the trade - the currency one buys with the dollars one cheaply borrows - are mostly to be found in the Asia-Pacific region. Most coveted, according to traders, are the Australian dollar, the Indonesian rupiah, and even the infrequently circulated Sri Lankan rupee...
...some students say they’re concerned those books could remain behind bars for an extended period of time...
...recommendation. "There are other assessments from very expert military analysts that have worked on counterinsurgencies that are the exact opposite," Secretary of State Hillary Clinton told PBS's NewsHour. But with Centcom commander General David Petraeus and chairman of the Joint Chiefs of Staff Admiral Michael Mullen lining up behind McChrystal, some Republicans are accusing the President of risking the lives of the nearly 68,000 troops already in Afghanistan by "dithering," as the top Republican on the Intelligence Committee, Kit Bond, put it on Fox News Sunday. And there are inherent political dangers for Obama if he chooses...
Perugia's police murder-squad chief Monica Napoleoni often sits behind Comodi. She shows up for most court sessions - even though she is not required to appear - dressed like an undercover vice cop by U.S. standards. Her Morticia Addams hair, deep tan, deeper décolletage, hot-pink baby-doll tops, stylish white jeans, high wedgies and designer totes bring a whiff of the Via Veneto into the courtroom. Napoleoni has spent her career working the surprisingly mean streets of this ancient hill town, infested with battling gangs of Albanian and Moroccan drug dealers and a plague of prostitution from...
...Torrential rain over the weekend triggered the worst flooding the Philippines' capital has seen in over four decades, submerging more than 80% of the city, killing at least 246 people and displacing hundreds of thousands more. By Tuesday, the water had receded in many places, but it left behind ruined homes and swept-away neighborhoods, and according to health officials, it disabled the majority of Manila's medical facilities. Debris, sewage and abandoned vehicles that were tossed around by gushing currents now litter the notoriously polluted capital; aid workers warn of water-borne diseases. The government has placed the area...