Word: recentered
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...There have been other recent hassles with dollar-based trade. When U.S. financial institutions like AIG and Lehman Brothers began to disintegrate in 2008, global money markets were so roiled it became expensive for any trade to be done at all in dollars. "What precipitated [China's swap agreements] was the collapse of Lehman Brothers and the worries over trade financing at that time," says Johanna Chua, a regional economist with Citigroup in Hong Kong. "If the dollar is extremely volatile it costs more to hedge...
...There is also the possibility that the dollar, after its recent show of strength, will again weaken in value against other major currencies, eroding its attractiveness as a reserve currency. Confidence in the health of the U.S. economy, and therefore the U.S. dollar, could plunge because of continued large U.S. current-account deficits, an unstable banking sector and a recession-busting, expansionist monetary policy. The budget deficit, which the Congressional Budget Office estimates will reach $1.8 trillion this fiscal year, or 13% of GDP, is reaching heights not seen since World War II. (See the top 10 worst business deals...
...succeed, Chicago officials must also prove there is broad public support for hosting the Olympics. According to a recent survey commissioned by Chicago 2016, some 77% OF Chicagoans expressed such support. But there is still widespread skepticism and disapproval. There have already been significant anti-Olympics protests, one of which included thousands of the city's roughly 13,000-member police force, who are seeking a pay raise. Meanwhile, critics question the suitability of the moderately-sized Washington Park for an Olympic Stadium - and argue that despite officials' pledges to downsize the stadium after the Games, the park's landscape...
...Tianyu is not short on natural history. In one hall alone, 480 dinosaur fossils are randomly placed in glass cases or left in the open air around a room the size of a basketball court, along with Triassic fish and other more recent fossils, primarily from different parts of China. "We are the world's number one," says Zheng Xiaoting, director and keeper of the Tianyu (which means "universe" in Chinese) Natural History Museum's collection of thousands of dinosaur fossils. Though no official records of the collection's number exist, several Chinese paleontologists echo Zheng's claim that Tianyu...
...helps that Turks are already warming to the new president. One recent poll found that 39% of Turks said they trusted Obama; fewer than 10% said the same of Bush. Obama is so popular that a leading Turkish bank is running an ad campaign based on an Obama look-alike...