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...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...

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

...plan to go West and work outside Bollywood? Jay Bee, TORONTO...

Author: /time Magazine | Title: 10 Questions for A.R. Rahman | 4/6/2009 | See Source »

...only did Harvard perform on par with UVA in the second half offensively, but the Crimson also signifcantly improved defensively, giving up only three of the 13 goals in the last period. “I think that when we stayed in structure and stuck to the game plan, we were very successful and were able to score goals,” Halpern said. “Unfortunately, we had a few lapses at the end of first half and the beginning of the second that UVA capitalized on.” Harvard fought until the end, but ultimately could...

Author: By Kerry E. Kartsonis, CONTRIBUTING WRITER | Title: Harvard Fails To Close Gap in Loss to Virginia | 4/5/2009 | See Source »

...Quakers taking the win for the last nine years in a row. “We weren’t going to be intimidated based on their ranking,” Petropulos said. “We knew if we could stay in structure and stick to the game plan that we would be fine. But unfortunately we didn’t do some of the things we had to do, which is why it ended up being...

Author: By Katie Kuzma, CONTRIBUTING WRITER | Title: Third-Ranked Penn Too Much for Crimson | 4/5/2009 | See Source »

...fast, say some Czechs, who still remember living under Soviet domination. "I don't want to be under the Russian sphere of influence but under the American one," says David Cerny, 41, a celebrated if slightly infamous local artist. Cerny wants the U.S. to stick to the missile shield plan. "It would be really sad if this intelligent guy who succeeded Bush, about whom no one had a high opinion, would barter Eastern Europe for a better image of the United States," Cerny says, worrying that Obama is drawing too close to Russia...

Author: /time Magazine | Title: What the Obamas Can Expect in Prague | 4/4/2009 | See Source »

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