Word: centralizes
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Sweetnurse and his sidekicks are shopping online--but they have no intention of paying. Though the rest of the world calls it credit-card fraud, the youths here have given it a more innocent name: "carding." Thousands of young Indonesians, particularly in college towns like Bandung and Yogyakarta (in central Java), have turned to the practice for fun and profit. At least 20% of Internet credit-card transactions in Indonesia are fraudulent, according to a recent study by the online-security company ClearCommerce, based in Austin, Texas, which has identified Indonesia as one of the worst countries for cyberfraud...
...complained. But Royero and the Venezuelan government are on the movement's cutting edge: they are developing an unprecedented, classified database of plants and animals that have commercial potential as medicines and foods. Companies that see a scientifically verified, patented discovery advertised on the database would pay--through the central government, to the appropriate tribe--a fee for the classified information. Afterward, should a new menstrual-pain remedy or strain of soybean be commercialized as a result, the company would then be required to pay the community royalties...
...This is probably the central debate in battle DJing,” he says. “I was probably one of very few people actually using real records in the competition...That used to be the norm. I’d like to see a return to that...
...critical issue, Tyson said, is this: At what point does a growing structural federal budget deficit undermine international confidence in the U.S. economy? For the moment, Asian central banks are helping fund the deficit by buying dollars. That's keeping their trade with America on track and U.S. interest rates low, and effectively financing the worldwide expansion. But, Tyson asked, "how long can they keep doing this?" The U.S. Federal Reserve gave a partial answer recently when it abandoned a five-month-old commitment to keeping rates low "for a considerable period"--a statement widely interpreted to mean that rates...
Sure, there are signs of overheating in some sectors. The number of cars sold in China doubled last year, to more than 2 million, for example, and the real estate market in some coastal regions is frothy. But the central bank is trying to thwart overspeculation. Fang regrets not buying an apartment in Shanghai when he moved there a year ago; prices have jumped 60% since then. "The room for policy maneuver is very big, and we shouldn't be concerned about overheating," he said...