Word: centralizes
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...nonobvious answer is: the central banks of emerging economies. To keep their currencies from appreciating too much against the dollar, emerging nations continue to buy increasingly large amounts of U.S. debt. This provides the U.S. with an indirect funding source to prop up its banks and brokerages, but it's a compromised solution. After all, the willingness of central banks to lend almost without limit to America helped create this mess. Cheap money from abroad suppressed U.S. long-term interest rates, helping to set the stage for the housing bubble and its catastrophic collapse. Continuing such inappropriate monetary and exchange...
...Chinese musicians checking out the competition. A young Chinese woman in tight denim shorts dives from the stage onto the crowd and is passed hand to hand around the room before being unceremoniously dumped onto the floor. Carsick Cars launches into the song Zhongnanhai--the name of both the central government compound and a popular cigarette brand. In what could pass for political commentary--or possibly following some critical impulse obscure even to themselves--people in the crowd shower the band with loose cigarettes...
...efforts on Afghanistan and our broader security interests. Let me be clear--my plan would not abandon Iraq. It is in our strategic interest to maintain a residual force that will go after al-Qaeda, train Iraqi security forces and protect U.S. interests. But we must recognize that the central front in the war on terror is not in Iraq, and it never was. The central front is in Afghanistan and Pakistan. It is unacceptable that almost seven years after 9/11, those responsible for the attacks remain at large. If another attack on our homeland occurs, it will likely come...
Refocusing on the Central Front...
...more than 28 million specimens, Barclay and his colleagues have been unable to identify the almond-shaped critter, about the size of a grain of rice, which has in the past year made itself at home in the sycamore trees on the 19th century museum's grounds in central London. "My field work has taken me all over the world--to Thailand, Bolivia, Peru. So I was surprised to be confronted by an unidentifiable species while having a sandwich in the museum's garden," Barclay says...