Word: moneyitis
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What: Winthrop's notorious "Debauchery" dance is being reincarnated under the new title of "Jungle Boogie." In years past, attendees are given fake money and throughout the night, individuals pay fellow dancegoers to do certain things...that may or may not verge on the inappropriate. At the end of the evening, the dancegoers with the most money win prizes. Tickets are $7, but drinks are free (if you're legal...
...With the amount of attention and money that the federal government is putting into this issue, I don’t think we can do anything but move forward at this point,” Desroches said...
...pictures of the dangers of printing money in Germany...
...struggles with China over the relative value of its currency capture this dynamic well. The renminbi - it means "the people's money" - is the place where China's control economy touches the free-market world. Just as tensions with the Soviet Union sharpened at places where systems collided, the same will be true of China: the renminbi is the new Berlin. It needs to be handled with appropriate sophistication by both sides, especially since it reveals a deeper tension. Chinese find it inconceivable that the dollar will be the only global reserve currency in 10 years; Americans find it inconceivable...
...Here's an example of where China wants to both secure its interests and avoid conflict. The real puzzle about China's currency isn't just the value of the renminbi. It is, rather, how open China will be to flows of money. China has three choices: it can remain unplugged from the global system, it can plug in gradually, or it can say, We're the largest developing country in the world and everyone wants to invest here, so we're going to make our own rules. This is the sort of challenge China will pose in many areas...