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...reserve currency in its annual financial-stability report released last Friday. Raising concerns of a move away from the dollar as the world's reserve, the proposal for a "super-sovereign" coin nudged down the greenback vs. a host of major currencies. That may have been a tad more impact than Zhou was seeking: with something like two-thirds of China's roughly $2 trillion of foreign-currency reserves held in dollars, the lower a buck goes, the less China's vast pot of cash is worth...
...about the size and shape of a basketball. After a number of black boxes were destroyed in crashes (the tapes melted in fire), they were moved in 1965 from their original position in the landing wells to the rear of the plane - the area most likely to survive an impact. That same year, they were also required to be painted orange or yellow to aid visibility. (Watch TIME's video of the rescue of US Airways Flight...
These days, airplanes actually have two black boxes, the voice recorder and the flight data recorder. They can withstand temperatures up to 2,000°F and impact forces up to 100 Gs. (A G is equal to the force of the earth's gravity.) They track pilots' conversations, engine noises, air-traffic-control commands, fuel levels, landing-gear extension and retraction and dozens of other clicks and pops that might offer insights about a plane's final moments. The boxes are made out of quarter-inch-thick panels of stainless steel. And in case you're wondering, an entire...
...surge in purchasing power, driving Bed Bath & Beyond's positive results. "Consumer spending is wrecked indefinitely," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail investment banking and consulting firm based in New York City. "There is no more Linens 'n Things. How can that not have a tremendous impact on Bed Bath & Beyond...
...layoffs were spread across departments and included management staff, but Law School officials declined to specify the exact financial impact of the cuts...