Word: exchangee
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One nonobvious answer is: the central banks of emerging economies. To keep their currencies from appreciating too much against the dollar, emerging nations continue to buy increasingly large amounts of U.S. debt. This provides the U.S. with an indirect funding source to prop up its banks and brokerages, but it...
Oh, we could talk about the deceptive simplicity of Bjorn Ulvaeus and Benny Andersson's melodies. How their exchange-student lyrics imbued the songs with an innocence that is one of pop's purest pleasures. How the really powerful cultural forces are those that make you forget your dignity. (Yes...
Maybe I'm a little too old to appreciate a heaving mosh pit screaming for an encore, but there's no doubt they're nurturing their own kind of dream down the street at D-22, Beijing's bleeding-edge rock club. Its fans say the unassuming club, right between...
The government has made ambitious plans to tackle the problem head-on. French Health Minister Roselyne Bachelot announced that she would scrap France's relatively permissive rules on sales of alcohol to youths. She told the Sunday paper Journal du Dimanche that she would impose a "total prohibition of alcohol...
There aren't a lot of opportunities to celebrate national unity in Lebanon, a famously fragile and fractious country. But the five Lebanese militants who arrived home Wednesday in an exchange of prisoners and dead soldiers with Israel returned to a country that seemed momentarily united in victory. The Lebanese...