Word: recentered
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...that the yuan could become one of the top three currencies in the world by 2012, with some $2 trillion in trade transacted in the Chinese currency each year. "The internationalization of the renminbi has become a leading item on the policy agenda" in Beijing, Qu concluded in a recent report. (See pictures of the global financial crisis...
Dealing with North Korea Bill Powell says in his recent cover story on North Korea that the leadership, "for reasons only they can fathom," are determined to continue the coldest of wars [June 22]. North Korea has never varied in its determination to conquer the south. Only the fear of U.S. nuclear retaliation stops their invasion. The nuclear program is designed to prevent this by the threat of mutually assured destruction. Brad Elliott, North Rocks, Australia...
Spending Cuts Then came Spain's property crash and the financial turmoil in the U.S., which tipped the world into recession. On a recent Friday, González's studio was empty. There is at least one boarded-up storefront on every block of the street where it is located. Cafés, children's boutiques, legal offices, furniture stores, language schools - the recession has closed them all. "I'm getting by on piercings," says González with a shrug. "They're a lot cheaper, so the kids can still get enough money to pay for them...
...good looks and 25¢ will get you a phone call. Australia has a higher proportion of naturally rugged men than any other country on Earth, but combined, its two most recent Prime Ministers, John Howard and Kevin Rudd, have the sex appeal of a church mouse. Who cares? Both have made tough calls--Howard to back the U.S. through thick and thin after 9/11, Rudd to apologize for the treatment of Australia's Aborigines--and they've been stewards of one of the world's longest-lasting economic booms...
...sides of the divide have lost faith in the concept, but while Israelis are largely content to live with the status quo, Palestinians are not - and they are losing faith in the path of negotiations. The expansion of the Israeli presence in East Jerusalem and the West Bank in recent years has eroded faith in the prospects for a territorially viable Palestinian state; the idea of resolving the conflict on the basis of creating two states - a concept that entered the political mainstream almost two decades ago - may have reached its expiration date...