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...like Special Drawing Rights - a unit of exchange used by the International Monetary Fund - be considered to replace the U.S. dollar as the world's de facto reserve currency. While some Washington officials rejected the proposal as impractical, China's leaders have been taking steps to show just how nervous they are about a weaker dollar as the U.S. runs up massive deficits to shore up its crumbling economy and financial system. In the past two weeks, China signed multibillion-dollar currency-swap agreements with Indonesia and Argentina that effectively allow Beijing's two trading partners to bypass the dollar...

Author: /time Magazine | Title: China Takes a Small Step Away from the Dollar | 4/6/2009 | See Source »

...journal Nature Neuroscience offers some hope of lasting relief. A group of neuroscientists led by Glenn Giesler at the University of Minnesota, Minneapolis, hypothesized that the mechanism by which scratching relieves an itch takes place not along the nerve fibers of itchy skin but deep within the central nervous system - specifically, in the spinothalamic tract (STT) neurons in the spinal cord, which transmit information about pain, temperature and touch to the brain. (Previous studies have shown that STT neurons can be activated with the application of an itch-producing chemical like histamine and that the neurons send that itch sensation...

Author: /time Magazine | Title: Why Does Scratching Relieve an Itch? | 4/6/2009 | See Source »

Others are excited about touring campus and beyond. “Honestly, I’m sort of nervous about coming to meet everyone,” admitted Georgia native Meilakh Barshay. “I most definitely want to see a lot of the campus and explore Boston and the city...

Author: By Wendy H. Chang | Title: The Prefrosh Are Coming!! | 4/6/2009 | See Source »

...company which may have the most well-regarded premium brand in the world, Apple's stock has been certainly been buffeted by unsatisfied investors. The shares have recovered some since the beginning of March, but over the last year they are down more than 25%. When investors are nervous, even the strongest brands get very little consideration...

Author: /time Magazine | Title: Will Apple Zealots Start Eating Up Its Stock Again? | 4/3/2009 | See Source »

...stimulus before heading to London. "The fact that he picked a fight with Merkel plays very well - like he's one of the big boys," says Gerald Curtis, a professor at Columbia University who has written extensively about Japanese politics. "He looks like a leader. Even though people are nervous about increasing the deficit, he's coming across as a leader who has a view on what to do." (Read "Sony's Woes: Japan's Iconic Brands Under Fire...

Author: /time Magazine | Title: A Reprieve for Japan's Embattled Leader? | 4/3/2009 | See Source »

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