Word: centralized
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...This step will likely increase the use of yuan in Hong Kong, one of the world's premier financial centers. (The program also solidifies Hong Kong's role as China's chief financial hub.) This step follows a series of "swap agreements" concluded with foreign countries that allow their central banks to acquire yuan for use in trade with China. So far this year, the Chinese central bank has inked six such agreements - with nations including Argentina, Malaysia and Indonesia - totaling 650 billion yuan ($95 billion...
...city with thousands of police, who detained at least 1,400 people, mostly Uighurs. During an official tour for Chinese and foreign journalists, the fear and anger of both the city's Han majority and Uighur minority were palpable. A 65-year-old Han man originally from China's central Henan province said he retreated to his second-floor apartment as a mob of about 50 Uighur youths attacked a Chinese car dealership nearby. "We spent more than a day inside our house," said the retired farmer, who declined to give his name. "We were too terrified to come...
...since the shocking video was uploaded to YouTube on May 11, the nation has begun to confront the benighted lawlessness that plagues not only Guatemala but most of the rest of Central America too. Younger Guatemalans, organizing protests via social-networking sites such as Facebook and Twitter, have turned out by the thousands to protest their putrid judicial system and festoon Rosenberg's murder scene with banners. "Older people say they haven't seen an awakening like this in 60 years," says Alejandro Quinteros, 26, a cherubic fast-food manager and political novice who helps lead the National Civic Movement...
...year of college or vocational training. "If you're going to increase the population that has some college, it isn't going to be among upper-middle-class white people," says Thomas Bailey, director of Columbia University's Community College Research Center. "Community colleges will have to play a central role...
...doubts simply float in the air without being translated into policy. Things get lost--critically important things--even from an experience as profound as the Vietnam War, even as we go deeper into new wars like Afghanistan. And as I now contemplate the departure of a life so central to my own and that of my country as Bob McNamara's, one overriding lesson bombards my mind: nationalist wars, civil wars, tribal and religious wars--they can never be won by Americans. As long as we're there and willing to fight and die, we won't lose...