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...speech on Sunday, Wen shot down expectations that China would allow the value of the renminbi to appreciate significantly, saying it was correctly valued and would remain "basically stable at a reasonable level" this year. "We oppose nations finger-pointing or even using forceful methods to compel a country to raise the value of its currency," he said. He also worried openly about the value of China's dollar-denominated assets, including $895 billion in U.S. Treasury debt. He warned the U.S. not to depreciate its currency to boost trade, as it would hurt the value of Chinese-held assets...

Author: /time Magazine | Title: China Takes Aim at the U.S. on Currency Conflict | 3/15/2010 | See Source »

...tries to be fair, allowing many different voices to speak," British historian Timothy Garton Ash wrote in the Guardian newspaper. "He captures the Ryszard I knew, starting with a brilliant evocation of his warm, nut-brown, disarming smile ... But this book is the protracted cry of a worried and even a disappointed disciple - one who, in his nearly three-year journey of investigation, found things that deeply disturbed him." (See more about Ryszard Kapuscinski...

Author: /time Magazine | Title: Did a Polish Journalist Mix Fact with Fantasy? | 3/15/2010 | See Source »

...Berlin - with two priests linked as alleged perpetrators. That was the catalyst. Within weeks, dozens of victims came forward with accusations at other Catholic schools and institutions. With up to 200 allegations of abuse, 22 out of Germany's 27 Roman Catholic dioceses have been affected by the scandal. Even the famous choir of Regensburg, in Bavaria, which the Pope's brother Georg Ratzinger led for 30 years, has been drawn into the scandal, after former choirboys described a "system of sadistic punishments and sexual lust." (The retired Georg Ratzinger says he didn't know about the alleged sexual-abuse...

Author: /time Magazine | Title: German Priests' Sex Abuse Scandalizes Church | 3/15/2010 | See Source »

...that the Pope would have expressed a word of personal sympathy for the victims of abuse," he said. Indeed, on the Good Friday before Ratzinger became Pope in 2005, he issued a resounding call for reform in the church, saying, "How much filth there is in the church, and even among those ... in the priesthood" - widely believed to have been a reference to the abuse scandals affecting the church's standing in North America and other parts of the world. The church's reputation in Germany has taken a beating from the daily drip of new allegations. A poll published...

Author: /time Magazine | Title: German Priests' Sex Abuse Scandalizes Church | 3/15/2010 | See Source »

...allegations of abuse, and added that church leaders in Germany would intensify preventive measures in schools and local communities and conduct a review of current guidelines on priests suspected of abuse. The aim, he said, was to "uncover the truth and have an honest clarification" of the incidents, even if they took place years...

Author: /time Magazine | Title: German Priests' Sex Abuse Scandalizes Church | 3/15/2010 | See Source »

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