Word: recentered
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...quick replacement of the dollar as the world's No. 1 currency doesn't seem likely either. Statistics from the IMF show that the percentage of global currency reserves held in dollars has been declining in recent years - but only marginally. Dollars accounted for 64% of the world's currency reserves at the end of 2008, down from 67% three years earlier. There remains great incentive for countries with large dollar reserves, like China and Japan, to continue to invest in dollar assets to preserve the value of their holdings. Besides, replacing the dollar would demand a level of cooperation...
...greenback has also shown surprising resilience amid the financial meltdown, since investors continue to see it as a safe haven in bad times. Even after some recent losses, the dollar is 15% stronger against the euro than it was in mid-2008. The dollar has maintained its popularity in part because most major currencies don't look much more attractive. Investors judge the value of a currency relative to others. Though the U.S. economy may be in its worst condition in almost 30 years, the rest of the industrialized world isn't any better off. "The dollar should be much...
...their company, Gilt Groupe, based in New York City, work directly with each design house. "We are actually helping a lot of designers, especially in these challenging times, because we are able to sell so much volume that our sales are meaningful to designers." So meaningful that a recent Hervé Léger sale sold out in 45 minutes. Indeed, since the November 2007 launch, membership has grown to more than half a million, with several thousand more joining daily. Meanwhile, revenues in the second half of 2008 were double those in the first half; the employee count has topped...
...hasn’t been just Stack-Babich coming through during the team’s recent surge, but as he’s gone, so the team has tended to go. After struggling through the majority of Harvard’s 2-15 showing in non-conference play last month, Stack-Babich—and his team as a whole—is glad things have turned a corner...
...nothing new and has always been somewhat controversial. Traditionally, PGD has been used to screen for and subsequently deal with diseases and disorders like Tay-Sachs disease and Down syndrome. Thus far, the use of PGD has even gone so far as non-medical gender selection; in a recent survey, 42 percent of 137 surveyed IVF-PGD clinics reported using the practice. But the act of changing how a child looks based on arbitrary desires represents a new quandary altogether...