Word: beyond
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...China's export dependency went far beyond the unbalanced structure of its real economy. Its financial and currency policies were also aimed at deriving maximum support from external demand. A closed capital account and an undervalued renminbi (RMB) were icing on the cake for China's powerful strain of export-led growth. Moreover, to the extent that its currency-management objectives required ongoing recycling of a massive reservoir of foreign-exchange reserves into U.S. dollar - based assets, such capital inflows helped keep longer-term U.S. interest rates at exceptionally low levels. In effect, China's implicit interest-rate subsidy ended...
...site, which fits the relatively small groups humans evolved in. He and Christakis found that there is a “Three Degrees Rule”—networks are influential to point of the friends of a friend of a friend, but not very much beyond that...
...rhetoric, we'll be all right. But if the Nobel Committee truly cares about peace, its members will think a little harder about trying to make it a reality. Open a history book and you'll see what the modern world looks like without nuclear weapons. It is horrible beyond description...
...site, which fits the relatively small groups humans evolved in. He and Christakis found that there is a “Three Degrees Rule”—networks are influential to point of the friends of a friend of a friend, but not very much beyond that...
...Nobel award has been universally acknowledged, not least by Obama himself, as premature. Some have argued - and the Committee's own statement suggested as much - that its purpose is to enhance the President's authority to press forward on his peace quest in the Middle East and beyond. In truth, however, the Nobel confers no recognized authority on the laureate, only attention - one gift President Obama most certainly does not need. But even if the award does nothing for Obama's ability to achieve his goals, some observers hope it will reinforce the President's will to press for peace...