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Shift those foreign dollar reserves into SDRs, the reasoning goes, and global finance suddenly becomes much more balanced. By no longer needing to load up on dollars, countries like China would have less incentive to run big trade surpluses with the U.S. This line of thought goes back to English economist John Maynard Keynes - the source of seemingly every important economic idea of this crisis-racked time - who first proposed what he called "supernational bank money" in 1930. During the economic turmoil of his day, he kept refining the idea and proposing odd names for the currency - first "grammor...
Nintendo claims it improved on the DS's Internet browser, but the DSi didn't have enough memory to load my Gmail page. As a game player, the DSi is compatible with Nintendo's popular library of DS cartridges. A few DSi-specific games can be wirelessly downloaded from an online store, but they were mostly disappointing. For example, WarioWare: Snapped! has you move in response to onscreen cues, but the motion-detecting game required a very well-lit room and still behaved erratically. Nintendo will add more games over time, and motion detection could someday make...
...been elected to Alpha Iota of Massachusetts, Harvard’s chapter of Phi Beta Kappa. The undergraduate honor society, whose stated goal is to encourage “scholarship, friendship, and cultural interests,” admits students based on factors such as the variety of their course loads and the depth of their intellectual endeavors. The application process includes submitting two letters of recommendation, which the society recommends be written by faculty members at the University. The inducted students said that they were very pleased with their prestigious achievement. “I’m extremely honored...
...long-range missiles or on bomber bases. Most long-range missiles are capable of carrying multiple, independently targeted warheads, and long-range bombers rarely fly with full payloads. So the "operationally deployed warhead" measure doesn't count the stockpile of warheads that both the U.S. and Russia could load onto existing missiles and bombers. In deterrence theory, this raises the possibility of one side or the other achieving a "breakout capacity," meaning that it could quickly and quietly beef up its arsenal until it became capable of launching a devastating "first strike." First-strike capability is dangerous because...
...former HCS President Josh A. Kroll ’09 said HCS had “offered to work with them for situations where they would need a high service load,” after the committee experienced similar difficulties last week when announcing their Class Speaker, “It was an unfortunate situation because the HCS could have provided the service that the SCC needed had they told us,” Kroll said. “It is clearly important that people believe in our abilities?...