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...appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second quarter, dollars accounted for only 37% of new reserves accumulated by central banks worldwide. That's the lowest proportion...

Author: /time Magazine | Title: Is the Dollar Dying a Slow Death? | 11/6/2009 | See Source »

...output is erratic: “11th Dimension” and “Left and Right in the Dark” stand among his finest work, while the rest of “Phrazes” suffers from a lack of creative inspiration. Casablancas’ solo effort proves that the Strokes truly were greater than the sum of their parts. For now, as the Strokes record their next album, “Phrazes” is a decent placefiller, but certainly not an enduring, compelling masterpiece in its own right...

Author: By Zachary N. Bernstein, CONTRIBUTING WRITER | Title: Julian Casblancas | 11/6/2009 | See Source »

...assume powers that they never could have in reality. “Awesome is the word really,” John says of entering a fantasy world. “It’s not like I purposefully go to a science fiction and fantasy stuff in an effort at escapism like I think some people...

Author: By Elyssa A. L. Spitzer, CRIMSON STAFF WRITER | Title: Welcome to the Dungeon | 11/5/2009 | See Source »

...Injuries happen, they’re a part of life,” Mitchell said. “But at the same time, embracing the collective effort, you have to know your role and do whatever you can in order to give back to the team...

Author: By Justin W. White, CRIMSON STAFF WRITER | Title: Athletes Endure Despite Injuries | 11/5/2009 | See Source »

...Obama on Nov. 2 called to congratulate Karzai but cautioned the Afghan President that "this has to be a point in time in which we begin to write a new chapter based on improved governance, a much more serious effort to eradicate corruption, joint efforts to accelerate the training of Afghan security forces so that the Afghan people can provide for their own security," Obama told journalists afterward...

Author: /time Magazine | Title: Can the U.S. Win in a Karzai-Led Afghanistan? | 11/5/2009 | See Source »

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