Word: globalitis
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...dollar seems to have as many lives as a cat. Even before 2008's financial crisis, as the dollar slumped against other major currencies, countless pundits and economists predicted its demise as the global economy's No. 1 currency. The doomsayers seemed vindicated when the U.S. economy descended into the worst recession since the 1930s, with its financial sector in tatters. How could an already weakened greenback maintain its value as American economic prowess withered? But then - surprise! - investors around the world decided the good old greenback was a safe haven in a time of great uncertainty. The dollar...
...worry of central bankers is how a softening dollar could impact a global recovery. Countries that have currencies strengthening against the dollar face the prospect that their exports would become pricier in world markets, a situation policymakers wish to avoid as their economies are just now crawling out of recession. China, one of the world's largest holders of dollars, doesn't appear likely to allow its currency, the renminbi, to significantly appreciate against the dollar any time soon, despite increasing political pressure from Washington to do so. China's Commerce Minister, Chen Deming, said at the recent Canton Trade...
...Constellation” incorporates diverse cultural influences in an attempt to challenge the way individuals examine the history of the Underground Railroad and the field of history as a whole. Biggers uses Rumi’s poetry to this end and finds that it reveals slavery as a global, rather than an individual, issue. “The world has indulged in [slavery] in various forms throughout time,” he says. For Biggers, this is just one instance of how American history should be examined in a larger, international context; more connections should be drawn between historical events...
Cockburn—a longtime investigative journalist and former Princeton professor—is no stranger to the compact and powerful exposé. While the subject matter of “American Casino” seems far removed from her many films about global atrocities in Asia, South America, and the Middle East, the impact is no less shocking. As the title indicates, Cockburn—along with her husband, Andrew, who co-wrote and co-produced the film—suggests that the deregulation of financial institutions turned Wall Street into a virtual casino, one that operates on stakes...
...global financial meltdown weren’t enough, this spring introduced scary words like “novel virus” and “pandemic,” bumping the financial crisis off the headlines. The attention-grabbing RNA virus took the world by surprise and, thanks to air travel, spread rapidly from its origin in Mexico to every continent. The virus’ spread was a perfect storm of mutation (a combination of swine, human, and avian elements), little to no human immunity, and no available vaccine against it. To make matters worse, everyone was touting its similarity...