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...extent, a global role for the yuan appears inevitable. How widely a currency is used around the world is usually a function of how important its home country is to the global economy. During the 19th century, when the British Empire reigned supreme, the pound was the top international currency. Since World War II, that role has been played by the dollar, with the U.S. having by far the world's biggest economy. Now that China is rapidly charging up the list - it currently ranks third and could overtake Japan as No. 2 as soon as next year - there...

Author: /time Magazine | Title: China's Plans for Replacing the Dollar | 7/21/2009 | See Source »

...self-supporting colony of birds, estimates Kok. "We don't really understand them," he says. "They are wild animals. We find that they like to stay in dark areas. But at one hotel in Malacca they are nesting in bright light." Lucky producers can harvest two to four pounds of nests a month, worth up to $500 per pound ($1,100 per kg). Middlemen are buying up all the nests they can source, usually as quietly as possible. "They come to your doorstep and pay you cash," says Kok. "This business is a very secretive thing, because they...

Author: /time Magazine | Title: Bird Bonanza | 7/20/2009 | See Source »

...foot, 170-pound center, Leblanc was named MVP of his Quebec Midget AAA league for the 2007-08 season. For the 2008-09 campaign, Leblanc recorded 59 points in 60 games for the Omaha Lancers and was named the United States Hockey League’s Rookie of the Year...

Author: By Jake I. Fisher, CRIMSON STAFF WRITER | Title: NHL First-Round Pick Leblanc Harvard Bound | 7/20/2009 | See Source »

Beyond spurring local trade, alternative currencies build awareness about the effect of consumers' choices. "It has started a conversation: Why local currency? Why buy local?" says Oliver Dudok van Heel, who last fall helped launch the Lewes pound to help a British town become more self-sustainable...

Author: /time Magazine | Title: Tough Times Lead to Local Currencies | 7/13/2009 | See Source »

Anyone who ever saw Alexis Arguello slug out a 13-round victory in the boxing ring knows he had the heart of a giant - too big, it seemed, to fit inside his skinny, 130-pound frame, which could pack a punch like a mule kick. Revered as the "Explosive Thin Man" and the "Gentleman of the Ring," Arguello - who committed suicide with a bullet to his heart on July 1 - was a champion like few others before him or after. Even on the rare occasion that he lost (he won 82 of his 90 career bouts), he gave an epic...

Author: /time Magazine | Title: How Politics Took Down Nicaragua's Boxing Champ | 7/13/2009 | See Source »

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