Word: led
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
SDRs were created to supplement the Bretton Woods currency regime, which was built around a dollar linked to gold. After President Richard Nixon decoupled the dollar from gold in 1971 and allowed it to float freely in currency markets, the subsequent dollar crash led to talk of establishing the SDR as global reserve currency. That faded when the high interest rates set by Federal Reserve Chairman Paul Volcker to throttle inflation lured foreigners back to the dollar in the early 1980s...
...Keynes led the British delegation to the 1944 conference in Bretton Woods, N.H., where Allied officials determined the postwar shape of the global financial system. He was unable to persuade his U.S. counterparts to give the institution at the heart of the new system, the IMF, the money-creation powers he envisioned. Those finally came in 1969 with the development of the SDR but remained limited in scope. No new SDRs have been created since 1981, and there are only 21.4 billion of them (equal in value to $31.9 billion...
...Interest Polices”—have placed unwarranted emphasis on individuals as opposed to the systemic issue at hand. In this letter, we wish to clarify Dr. Paul Richardson’s role in our course as described by The Crimson and also the process that led to the implementation of a formal HMS policy requiring faculty disclosure of conflicts of interest...
...will be far more complicated than anything they have seen, simply because the Pakistani military doesn't have the skills and resources to conduct an effective counterinsurgency. U.S.-operated Predator drones have successfully targeted al-Qaeda leadership in the border areas, but at the cost of inflaming the Pashtun-led insurgency on the Pakistan side. Stabilizing Afghanistan might well become crucial to preventing the far more terrifying prospect of an Islamist takeover in Pakistan. Says U.S. Army Brigadier General John Nicholson Jr., who commands U.S. and NATO troops in southern Afghanistan: "If the Pashtun population of Pakistan sees a moderate...
...Gulf of Aden since October, and late last year, with great fanfare, China deployed two warships to the same area. The ships have been active in interdicting pirates and coming to the aid of commercial ships in apparent distress - though they are not part of the U.S.-led Combined Task Force 151 (usually composed of 14 to 15 vessels from several nations), which coordinates its activity with the dominant naval force in the Indian Ocean, the U.S. 5th Fleet, based in Bahrain. But the presence of the Chinese and Indian warships underlines Beijing's and New Delhi's intense economic...