Word: centralizes
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...sure has become popular. In late March, the head of China's central bank made headlines by arguing that the time had come for the SDR to supplant the dollar as the world's "supersovereign reserve currency." A few days later, a U.N. task force recommended the same thing. Then U.S. Treasury Secretary Tim Geithner endorsed giving SDRs a bigger role. After the dollar fell in currency markets in reaction, Geithner backpedaled. But at the G-20 meeting in London, President Barack Obama joined the assembled heads of state in agreeing to a nearly tenfold, $250 billion increase...
...meets Tennessee is the central theme not just of the Hannah narrative but also of the Miley Cyrus one. It's a story as old as The Beverly Hillbillies, but instead of the blue-state-red-state cultural differences being played off each other, they are set in counterbalance. In Miley-the-creation and Miley-the-girl, we have someone who's cool but wholesome, sophisticated but innocent, glamorous but sweet. Her appeal crosses cultural lines and, accordingly, elicits different reactions. On Access Hollywood, a bespectacled boy gives her flowers, while a 20-something asks where she wants her first...
...implications for society are enormous. "We are watching the moral and social landscape of the nation be transformed before our eyes," Mohler said. "The institution of marriage is so central to human society and, at the same time, so central to Christian theology that it is almost impossible to calculate the magnitude of this challenge. This is a deeply troubling and sobering moment." (See pictures of the busiest wedding day in history...
Overheated daydreams about history can be dangerous. Nevertheless, at least one analyst believes that while there is potential for conflict, there is also the possibility of a new order for the Indian Ocean - with a central role for the U.S. In the March-April edition of Foreign Affairs, Robert Kaplan envisions the U.S. as managing the rival ambitions of India and China into a workable security continuum, even as Washington's ability to project naval power recedes. There are enough interlocking economic interests, he says, to keep tempers and national interests from roiling the waters. America, Kaplan concludes, "will serve...
...billion that the U.S. government has spent in aid to Afghanistan since 2002 has gone through the military or its provincial reconstruction teams. The projects are designed to earn goodwill for foreign forces as much as for local governors, but they also have the unintended consequence of undermining the central government, which never gets a chance to take credit for providing basic services such as roads, electricity and education. "We aren't here to win hearts and minds," says Jeremy Brenner, a U.S. State Department adviser based in Jalalabad. "What we need is to engender hope and faith...