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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...
...global reserve currency, says Stiglitz. It's only a step, albeit enough of one to prompt Republican Representative Michele Bachmann of Minnesota to make the claim that Obama was out to ditch the dollar. Actually, the dollar would live on in an SDR-dominated world. It would no longer reign supreme, but neither would the yen or the euro or the yuan. Which might be the best long-run outcome the U.S. can hope...
Like Job's, Cyrus' life story has been made into a book, Miles to Go. Hers is a memoir and a little longer (she's 16, after all), but both are tales of remarkable turns of fortune. At 12, Cyrus scored the lead role in the Disney TV series Hannah Montana, about a teenager, also named Miley, who is secretly a ginormous teen pop star. Four years later, Cyrus is very publicly a ginormous teen star, with three best-selling albums (on Disney's record label), the memoir (on Disney's book label), a sold-out concert tour, a record...
Just as deftly, the Montana myth has updated the princess fantasy. No longer are you secretly royalty; now you're secretly famous. You can be accomplished and admired without sacrificing your innocence or family life. The show trades on this illusion by acknowledging that the Hannah persona is an artifice, all makeup and wigs. (Watch TIME's video "Dressing Miley Cyrus...
...about the environmental impact of clear-cutting, to ban timber exports outright. The valley's population lost its only source of income. Smuggling rings took over, bringing corruption in their wake. As it has elsewhere in Afghanistan, the national Taliban movement co-opted local grievances. (Taliban, these days, no longer refers just to the regime that once ruled the country; the word has become synonymous with any number of antigovernment forces.) Tribal elders say the fight in the Korengal is directed and funded by Gulbuddin Hekmatyar, a warlord who was once backed by the U.S. and has links...