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...Bottom line: the dollar faces a longer-term challenge, and the big players know it. Echoing a call made by Zhou Xiaochuan, its governor, in March, China's central bank advocated a new global 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...

Author: /time Magazine | Title: Outlook for U.S. Dollar Darkens | 7/2/2009 | See Source »

Either way, it's the Post's name that would have drawn prominent figures to the event. And it's the Post's name that has been besmirched by what was at best extremely poor party planning and at worst a breach of the line between the editorial and commercial imperatives of a newspaper...

Author: /time Magazine | Title: Media Morass: The Great Washington Post Unvite | 7/2/2009 | See Source »

Alicia Keys, Musician "I Can't Help It" I just love the bass line and chords of that song; it just puts you in an immediate zone - that yearning and that desire that's in his voice. I believe Stevie Wonder wrote that song, and it's just a beautiful culmination of the emotion of music...

Author: /time Magazine | Title: Our Favorite Songs | 7/2/2009 | See Source »

...specs, Davies first has to take some vital stats, including the distance between your temples, the width of your nose and the exact position of your eyes and ears. He'll then photograph your head and hand-draw a few sample designs based on your face shape and eyebrow line. The frames can be built from titanium, bloc acetate or buffalo horn, and colored to complement your skin and hair tones. This couture-design process doesn't come cheap: expect to pay an eye-watering $8,000. If that's too much, Davies also offers a customizing service through some...

Author: /time Magazine | Title: Making a Spectacle | 7/1/2009 | See Source »

...inject any new capital into the expansion but will convert a substantial portion of its loans into equity. The Hong Kong government has already been the major financial driver, spending some $418 million on the park and another $1.8 billion on roads, sewers and a rail line to access it. Now, the government's majority stake will remain, but it will drop to 52%, from 57%. "Hong Kong Disneyland needs time to clean up its teething problems. Then profit will come," says Jeffrey Lam, a member of Hong Kong's Legislative Council...

Author: /time Magazine | Title: Can Hong Kong Disneyland Get the Magic Back? | 7/1/2009 | See Source »

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