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...melt," the sage of Omaha wrote. "The dollar's destiny lies with Congress." Richard Portes, a professor of economics at the London Business School, believes that central banks will increasingly see other currencies, especially the euro, as more reliable storehouses of value. "The idea that there is no place to go is wrong," Portes says. If that's the case, the dollar better hope it has even more lives than a cat. - With reporting by Yuki Oda / Tokyo...
...which we keep staring while the truth lies elsewhere, away from it all, somewhere as yet undiscovered.” Transcending these images is a dangerous prospect. By staring beyond the stills of history, we risk destabilising not only our ideas about the past but also our own place within that narrative. Despite this, W.G. Sebald’s “Austerlitz” stages such a staring contest, in which we—along with the protagonist—are challenged not to look away when those images dissolve, as devastating as the truth might turn...
These meetings, and the scenes of Austerlitz’s story, often take place at twilight, or to use Sebald’s favourite phrase, in “the gathering dusk.” We are reminded of Henry James’s preference for that time in the day when shadows begin to lengthen—what he called “the divine dusk.” But while for James this atmosphere was one in which history glimmered, offering up its inspiration, for Sebald, the impending darkness serves as a metaphor for the inscrutability...
What is Cassady’s secret mission in Iraq? Does he really have psychic powers? What does the film have to say about modern America’s involvement in the Middle East? Alas, this movie is not the place to find answers to these questions, or pretty much any of the others posed by its premise. Answers would imply it is in the business of making sense, which it decidedly is not. There is a pretense of political parable—an honest Iraqi who shelters our heroes, a stereotypical condescending American contractor preparing to exploit a country...
...Karzai's re-election casts doubt over the prospects for the U.S. mission in Afghanistan to achieve its goals. General Stanley McChrystal, commander of U.S. and NATO forces in Afghanistan, insists that the war cannot be won unless there is an effective government in place to partner with Western troops and grow the Afghan security forces. Now Obama is forced to make his decision on sending more troops to Afghanistan in the knowledge that the mission's Afghan partner for the foreseeable future will be one whose ability to deliver has long been questioned, even by Obama. And this...