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...dollar seems to have as many lives as a cat. Even before 2008's financial crisis, as the dollar slumped against other major currencies, countless pundits and economists predicted its demise as the global economy's No. 1 currency. The doomsayers seemed vindicated when the U.S. economy descended into the worst recession since the 1930s, with its financial sector in tatters. How could an already weakened greenback maintain its value as American economic prowess withered? But then - surprise! - investors around the world decided the good old greenback was a safe haven in a time of great uncertainty. The dollar...

Author: /time Magazine | Title: Is the Dollar Dying a Slow Death? | 11/6/2009 | See Source »

...Business School, believes that central banks will increasingly see other currencies, especially the euro, as more reliable storehouses of value. "The idea that there is no place to go is wrong," Portes says. If that's the case, the dollar better hope it has even more lives than a cat. - With reporting by Yuki Oda / Tokyo...

Author: /time Magazine | Title: Is the Dollar Dying a Slow Death? | 11/6/2009 | See Source »

...Wild Cat, a new bar in the basement of The Garage on JFK Street, has recently been serving up some extremely unusual fare. Until November 15, this dingy little watering hole will be home to “The Taming of the Shrew,” the most recent production by the Actors’ Shakespeare Project. This fictional bar acts as the backdrop for Shakespeare’s famous battle of the sexes, directed by OBIE-award winner Melia Bensussen...

Author: By Matthew C. Stone, CONTRIBUTING WRITER | Title: 'Taming' is Less Than 'Shrew'd | 11/6/2009 | See Source »

...evening. Bensussen uses Shakespeare’s lesser-known induction to the play as a sort of meta-theatrical framing device. This prelude to the show drops us into a typical bar atmosphere, complete with pretzels. A drunk stumbles in off the street, and the staff of the Wild Cat decides to play a prank on him, invoking the help of a drunken entourage who are forced to act out a play as punishment for not paying their...

Author: By Matthew C. Stone, CONTRIBUTING WRITER | Title: 'Taming' is Less Than 'Shrew'd | 11/6/2009 | See Source »

Indeed, while opposition protesters played cat-and-mouse with police, the government bused in supporters by the thousands for anti-American protests in front of the old embassy, now known as the "Den of Spies." They chanted the traditional "Death to America" and "Death to Israel" slogans. The government blamed the U.S. and European governments for fabricating the post-election unrest in an attempt to stage a coup d'état. Now the Iranian government is finding it more and more tempting to press the hot button of conflict with the West. (See a pictorial history of the legacy...

Author: /time Magazine | Title: In Iran, New Protests, but an Ever Harder Line | 11/4/2009 | See Source »

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