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...agreements are an unusual step for China, which has historically used U.S. dollars to conduct its external trade. But with some 70% of its $2 trillion in foreign reserves parked in the U.S. currency, China is searching for ways to diversify. Beijing's main concern is that the dollar will inevitably weaken, eroding the value of its holdings, due to the growing U.S. budget deficit that is expected to swell to more than $1.75 trillion in 2009, the country's largest debt load as a percentage of GDP since World War II. "This is the tip of the iceberg," warns...
...second night, more vibrant and complex than the evening before. The second half, fittingly called “Perestroika,” a Russian term for restructuring, initiates and affects a profound upheaval in the emotional and spiritual lives of its characters. As the vague connections between all six main characters begin to develop into close relationships, the masks slip from their faces, revealing what truly lies at their core. The most gentle characters, like Harper and Belize, turn out to have the greatest strength of mind and character, while characters that are accustomed to controlling the people closest...
...main question on Chicagoans minds is how a city mired in the deepening global recession - its unemployment rate hit 9.7% in February - can afford to host a $3.3 billion party. "The city of Chicago is closing public schools, and they've closed public health clinics. Where is all the money going to come from when the city is suffering in this way?" asks Tom Tresser, spokesman for No Games, one of the groups that protested. Hosting the Games, he says, "would be a city-killer for us." Officials say much of the Games' cost will come from private financing...
Healing Arts. The Kripalu yoga center's main red-brick building, originally a Jesuit seminary built in the '50s, may not be gorgeous, but its setting overlooking Stockbridge Bowl is one of the best views of the Berkshires. Kripalu (57 Interlaken Road, Stockbridge, MA; 800-741-7353) offers renowned yoga and meditation classes, as well as kayaking, cycling and guided meditation walks. Healthy meals are included in your stay, but if you prefer to venture into nearby Lenox, check out the sushi at Fin (27 Housatonic Street, Lenox, MA; 413-637-9171), whose Japanese fare is as good or better...
...Conlan points out that by continuing a campaign of low-level security threats, dissidents force police resources normally used to tackle fuel and cigarette smuggling and drug dealing - believed to be the main sources of income for dissident groups - to be diverted to anti-terrorism operations: "The [dissident] rationale is to prevent normal policing. Under normal policing, all the criminal activity they have become addicted to and dependent on would have to cease...