Word: deale
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...century." In recent months, Beijing has started to throw its weight around. China seeks - and will almost certainly soon get - greater voting rights in the IMF. In June, China agreed to buy up to $50 billion in bonds issued by the IMF to boost the fund's capacity to deal with the global financial crisis. Earlier this year, Chinese leaders, worried about the strength of the U.S. dollar and the safety of their own $763.5 billion investment in U.S. Treasury Department debt, called for the creation of an alternative to the greenback as a global reserve currency. More recently, Beijing...
...Barber, recognizing that loans being granted in a relatively weak economic climate could start to go bad in droves. The country's once shaky financial sector was cleaned up several years ago - in 2007, nonperforming loans amounted to just 3% of total bank assets - and vehicles set up to deal with China's last banking crisis still exist. In other words, Beijing thinks its financial system is strong enough to handle the risks of its very loose monetary policy...
...choice of allies in the European Parliament: a new right-wing grouping chaired by Polish MEP Michal Kaminski, a former member of two hard-right parties. But Pickles says the key to winning the argument against extremism is to take it back to grassroots. "The only way to deal with [the far right] is by local politicians championing their neighborhoods and being very proud that they represent their electors," he says. (Read: "David Cameron: UK's Next Leader...
...China think that America will try to contain China's ambitions; some in America think that there is something to fear in a rising China." Part of the difficulty in predicting the future is that China is not the only Asian power with which the U.S. has to deal. For decades, Washington is going to have to play a demanding diplomatic game in which it maintains good relations with China, with India (Secretary of State Hillary Clinton's recent trip there was evidence of the importance the U.S. now attaches to New Delhi), and with its old ally Japan...
...Williston, N.C., asked for - and received - 10% off a $4,000 John Deere lawn mower at Lowe's, even though the sale offer had expired. Dougherty, who works in the aerospace industry, told the rep he had his checkbook ready but would walk away unless he got the deal. "Hell, $400 is $400," he says. "It was kind of a trip I pulled that...