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...Japanese currency could strengthen to 50 yen to a dollar by 2011 (from around 90 today) due to continued weakness in the U.S. economy. Harvard historian Niall Ferguson says the dollar could slide by as much as 20% on a trade-weighted basis over the next 12 months. The process may be protracted, he argues, but the dollar is dying. In 10 years' time, he said in October, "it won't be such a dollar-dominated world. I'm sure of that." (See 10 big recession surprises...
...most attractive things about the study of vision is it’s so immediate and obvious to us,” Conway says. “Art reveals something of the magic of that process and in many ways it reflects the mystery of vision that we often take for granted...
Clinton's first trip to Pakistan as First Lady in 1995 had been a transformative experience for her - the beginning, I believe, of the process that made her a plausible candidate for Secretary of State. I traveled with her on that trip; when we set off, she seemed depressed and even more private than usual. The Democrats had cratered in the 1994 congressional elections, and she had been trounced in her efforts to enact a universal health care plan. It was a very personal defeat; as Clinton traveled the country trying to sell the plan, crowds shouted her down...
...less fraught than usual - although Defense Secretary Gates' insistence on the need for bigger State Department budgets hasn't hurt. In fact, relations with the Pentagon have gone smoother, at times, than Clinton's relationship with the White House staff. Clinton was particularly irritated by the ridiculously strict vetting process that thwarted her favored candidate for USAID director, Paul Farmer, from getting the job. "It was all sorts of niggling things," says a Clinton adviser, "like, Farmer had at one point brought more than $10,000 in cash into Haiti. The money was for a needle-exchange program...
...White House was not entirely thrilled with either statement. But then the White House staff is several steps removed from a negotiating process. The Palestinians are weak and divided. The Israelis have been difficult, as always: whenever Mitchell raises East Jerusalem in talks with the Israeli Foreign Minister, the Israeli stands up and walks out of the room. Despite Netanyahu's momentary, tactical enthusiasm for peace talks, his Likud Party has always favored the de facto incorporation of Palestinian lands into the state of Israel...