Word: holdings
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...recent Canton Trade Fair, a major showcase for China's manufacturers, that the "basic stability" of the yuan exchange rate needed to be maintained so exporters can have a predictable business environment. Another source of stability is the difficulty central banks have disposing of dollars they already hold. Dumping dollars on world markets would only depress its value further, undermining nations' own reserves. "Central banks will continue to get out of dollars on the margins, but they don't want to be seen selling dollars hand over fist," Englander says. Besides, with economies weak and interest rates at low levels...
Over the near term, however, the Administration knows it must contend with unpleasant realities, thanks to that unsettling double-digit jobless rate: "We're in for a pretty dark period," says the Treasury official. But, anticipating that, the Administration's strategy has intentionally avoided overpromising. "Obama's numbers hold up because he doesn't oversell," the official says. "We need to be steady and say, We know this will work but it's going to take time. Ultimately we're pretty confident that we did the right things and that it will help...
...impossibility of self-knowledge. The narrator first realises this during his visit to the Breendonk fortress in Belgium, which was transformed into a concentration camp by the Nazis: “The darkness does not lift but becomes yet heavier as I think how little we can hold in mind, how everything is constantly lapsing into oblivion with every extinguished life, how the world is, as it were, draining itself, in that the history of countless places and objects which themselves have no power of memory is never heard, never described or passed...
...Uzuri will sing excerpts of Rumi’s poetry in the style of Negro spirituals; the Harvard KeyChange will perform an a cappella remix of “Strange Fruit,” a song condemning lynching that was popularized by Billie Holiday; and members of KeyChange will hold a call-and-response with Uzuri. “The viewership and interaction [of ‘Stranger Fruit’] will sprinkle on and marinate [‘Constellation’] long after the performance is done,” Biggers claims...
...secularism has an unofficial capital: Strasbourg, France. Over the past decade, the quaint city of 273,000 near the German border - home to the European Parliament and other key international bodies - has been the site of a series of repeated slap-downs to those who are fighting to hold on to the Old Continent's fading religious impulses...