Word: pitt
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...this route, however. A Malaysian company accepting yuan as payment would have few reasons to hold the currency, which is not fully convertible. "Even if you could own the yuan through these swaps, what would you do with it?" asks Mark Matthews, a Hong Kong-based strategist for Fox-Pitt Kelton Securities. Yuan holders can invest their excess savings in Chinese securities, but only up to a point. The Chinese government said on Dec. 9 that it will triple the amount of domestic securities qualified foreign funds are allowed to purchase to up to $30 billion. But trillions of dollars...
...what is the point of China issuing all these swaps? "This is a contingency plan in case the dollar implodes," says Fox-Pitt Kelton's Matthews. "It is a way of continuing trade with its major trading partners." Other analysts say China is trying to assert itself, through words rather than deeds, on the global economic stage by taking a step toward making the yuan a global currency. "A lot of this is symbolic," says Citigroup's Chua. "China wants to be a player." And one sure way to be a player, as everyone knows, is to threaten to quit...
FlyBy has confirmed that Haven will be speaking to a panel on "Socially Responsible Careers in a Global Age," but of slightly more interest, Pitt and Jolie (and the children, perhaps?) are expected to be there as well. Organizers of the event thought that they might as well try to have Brangelina speak in a panel event if they were going to show up, but the discussion has reached a stalemate with the people in PR, Yamamoto said...
Pelosi, Rep. Nancy • Brad Pitt is fawned over...
...attempt to be an auteur of enclosed spaces and private struggles is mired by bad scriptwriting filled with well-worn tropes of romantic drama. He should embrace his Hollywood side, and it actually looks like he might: his next project is a Paramount thriller starring Brad Pitt called “The Lost City of Z.”—Staff writer Kyle L.K. McAuley can be reached at kmcauley@fas.harvard.edu...