Word: majors
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...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 of foreign-currency reserves held in dollars, the lower a buck goes, the less China's vast pot of cash is worth...
...major reason lawmakers are considering taxing these benefits for the first time: there's a lot of money involved. Depending on how it is structured, a tax on the most expensive benefits could bring in hundreds of billions of dollars over the next 10 years, the Congressional Budget Office has estimated. But it would be a politically treacherous move that would not affect only the wealthy. Many of those generous health plans are also part of union contracts - and in many cases were negotiated in lieu of higher wages - which means Obama might have to go back on his campaign...
...opened to great fanfare in September 2005, bringing in some 5 million visitors within its first year, according to Euromonitor International. The original theme park was seen as a bold step by Disney to make inroads into China, while Hong Kong hoped it would secure its place as a major tourist destination in Asia. Since then, however, visitors have dropped and losses have grown for the company. Disneyland has struggled even against local theme parks like Ocean Park, which attracts a larger number of visitors with its cheaper entrance fees and larger size. "Disneyland is a good product...
...call an end to the center's career, and many fans agree. "I think whether he can make a comeback depends on his own attitude," says Ma, during a break from a pickup game in Beijing. "There are plenty of basketball players who managed to do that after major injuries. I don't see why Yao Ming should be an exception...
...past few months, and consumers may be feeling more confident that they can now spend a little more. That could provide some relief to Japan's battered export sector; Japanese exports in April were down 39% on a year-over-year basis, the worst drop registered among major economies. Shirakawa says he expects demand will be "so-so" through the end of the year. But he added that "a sustained recovery of consumer demand doesn't seem that likely...