Word: ditches
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Dates: during 2000-2009
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...there signs that China is ready to ditch the dollar. Derek Scissors, a research fellow at the Heritage Foundation's Asian Studies Center, points out that Chinese official holdings of U.S. Treasury bills have increased by 50% in the past 12 months, as China continues to invest its ever increasing stash of dollars. "Cheap talk aside, China is actually the biggest supporter of the dollar," says Scissors. "It has no choice." Don't expect to change those greenbacks for redbacks anytime soon...
Just as it seemed Canada was over the worst of the global recession, it's been sideswiped by bad economic news that has forced its recovery into the ditch...
...Iceland sees the E.U. as a safe haven from the world's harsh economic winds. In particular, euro membership would allow it to ditch the crippled krona. The E.U. would gain a new member with similar values to its own, which would help strengthen its reach as a global power. In return, Iceland can expect accession talks to move at a double-quick pace. As a member of the European Economic Area (EEA), Iceland already has access to the E.U.'s single market. It is also part of Europe's border-free Schengen zone, and virtually all the other...
...wants to "phase out the phase out." She argues that it is unrealistic in the face of high oil costs, will endanger renewable energy goals, and will leave Germany vulnerable to the whims of its largest gas supplier, Russia. If the chancellor's party manages to ditch the Social Democrats to form a coalition with the pro-business Free Democrats in September, Merkel may get her wish to keep nuclear plants open longer. (Read about Merkel in this year's TIME...
...entering the priesthood has dropped by 60% over the past four decades and the current average age of active priests is 60. Many dioceses have been forced to close parishes or import foreign priests to deal with shortages. But advocates of celibacy reform say there is a better solution: ditch the 900-year-old church law prohibiting priests from marrying or being sexually active...