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Since then, we've had an international monetary system in which the dollar is the main store of value. When countries want to protect themselves from the vagaries of global financial markets, they stockpile dollars the way nations in previous eras hoarded gold. This stockpiling has enabled the U.S. government to borrow almost without limit in global markets and until recently allowed American consumers to do the same...

Author: /time Magazine | Title: Why Supplanting the Dollar Would Be Good for America | 4/9/2009 | See Source »

...chukker, Harvard loses its close follow, racking up multiple crossing violations and missing several foul shots. By the chukker’s end, Harvard is four goals behind UConn—not a good place for a team that had seen itself at least on par with UConn in previous games...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Grabbing the Reins | 4/8/2009 | See Source »

...worries than usual. “The cards are really stacked against us. Cornell and UConn, they’ve got the facilities, the program,” Crocker says. In Harvard’s club, “there’s only one [player] that had any previous polo experience, which is a huge handicap against all the other teams we’re playing because they attract and recruit young players that come to play polo and have played before...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Grabbing the Reins | 4/8/2009 | See Source »

With a choice of accommodation in two Renaissance buildings overlooking a historic garden, guests at Florence's latest luxury hotel - the late-15th century Palazzo della Gherardesca - might as well be living in a museum. Previous owners have included an order of nuns, a pope, several generations of Florentine nobility and - from 1883 to 1885 - a viceroy of Egypt who sold it when he was refused permission to house his harem there. Thanks to its rebirth as a Four Seasons hotel, you have a chance to see what the ladies were missing...

Author: /time Magazine | Title: In Florence, a Palace Coup | 4/8/2009 | See Source »

...gone back on his offer. If members of the Taliban found out he had led the Americans to suspicious houses, he said, they would kill him. The operation's leader, 1st Lieut. Glenn Burkey, exploded with frustration. U.S. forces had taken gunfire from the village several times, and previous house searches had turned up weapons, explosives and even a Taliban flag. Yet repeated raids risked alienating residents further. Burkey needed the elder's help. "You told us we had to do things differently," he said to Niazamuddin. "We are trying. I want the U.S. and Afghan forces to work together...

Author: /time Magazine | Title: The U.S. in Afghanistan: The Longest War | 4/8/2009 | See Source »

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