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...Until then the dollar carry trade is going to be a decidedly mixed blessing. Because the dollar is so cheaply available today it creates a source of global funding that grew dangerously scarce after the collapse of U.S. investment bank Lehman Brothers in mid-2008. That's the good news...

Author: /time Magazine | Title: Who Loves the Weak Dollar? Currency Traders | 9/30/2009 | See Source »

...relations as one of peace and the mutual exchange of ideas. But he also drew attention to the shift in the global balance of powers away from Europe and toward Asia, whose economic growth in recent years has spurred calls for greater world recognition. Indonesia’s economy grew at a rate of over 6 percent in the past year...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Indonesian President Visits Kennedy School | 9/30/2009 | See Source »

...western Washington in 1962, the concrete behemoth was hailed as the new protector of the valley below. Until that point, the Green River Valley was regularly inundated during the flood season, which runs from late October through March. "We had an almost annual flood," recalls Governor Christine Gregoire, who grew up in the valley. "Only when I was in high school and they built the Howard Hanson Dam did we see an end to the flooding." Now, should the water rise to dangerous levels, engineers will be forced to release the dam, all but ensuring a flood of the valley...

Author: /time Magazine | Title: Washington's Green River Prepares for a Flood | 9/30/2009 | See Source »

...necessary keys to be a leader of the Jewish people,” Schwarzberg said of being a rabbi. “I grew up in the Jewish tradition, and [it has] the potential to create an amazing morality-centered community...

Author: By Emily M. Boggs, CONTRIBUTING WRITER | Title: Lecturer Probes Jewish Story | 9/29/2009 | See Source »

...There's also the matter of the economic downturn. The worst recession since World War II will see Europe's biggest economy contract by 5% in 2009. While Germany's economy grew 0.3% in the second quarter of this year, it will still be a slow climb out of recession. Unemployment is set to rise next year once government subsidized short-term labor contracts are phased out. The budget deficit is expected to pass 6% of GDP in 2010, thanks mostly to a dip in tax revenues. Some economists say the center-right government will be penned in. "There...

Author: /time Magazine | Title: Fight over Tax Cuts Looms for Merkel | 9/29/2009 | See Source »

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