Word: remains
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Dates: during 2000-2009
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...ready to undertake the dramatic reforms necessary to allow the yuan to be a true international player. Making the yuan a freely traded currency would mean losing control over its value and flows of capital in and out of the country. This is a step Beijing's economic policymakers remain fearful of taking, since they still feel the need to protect China's developing domestic financial sector from shifts in the global economy. China sees its controlled currency as a "dam surrounding a reservoir, and the government doesn't know what would happen if it blew up the dam," says...
...Chinese leadership's worst nightmares: the rise of a separatist movement that would presage the breaking up of the whole country. Given the enormous economic and social challenges China faces, Beijing values stability above all, and will do practically anything to maintain it. (Read "Tensions Remain As Chinese Troops Take Control in Urumqi...
...living in their parents' homes well beyond graduation. But the recession is scaling back even the limited opportunities casual positions offer. Not only are there fewer jobs available - Spain lost 620,000 positions in 2008; 124,000 joined the ranks of the unemployed in March alone - but those that remain are earning even less. "People here wish they were mileuristas," says Iolanda Velasco, a Vigo city councilwoman. "They're 800-euroists." Velasco, who oversees the city's youth programs notes another change. "The cutoff age for our workshops and training sessions was 30. But because the age [people leave home...
...dozens of full-time professors as it braces for more possible cutbacks. Elsewhere, state budget cuts have led to enrollment caps at some community colleges. And if there aren't enough seats in classrooms, students can't get certificates or degrees, and skilled jobs remain unfilled. In short, as the Center for American Progress concluded in a February report, "America's future economic success may well depend on how we invest in two-year institutions...
...hosted by CastleAsia, an economic and political-risk consultancy headed by an American businessman who has lived in Indonesia for many years. Three Australians and a New Zealander who were attending the breakfast were killed, as was an Indonesian hotel employee. Several other foreigners from the same meeting remain in the hospital with serious injuries. On Sunday, July 19, Australian Foreign Minister Stephen Smith visited the Jakarta bombing site to show his government's sympathy for the victims. (Read "How the Jakarta Bombers Slipped Through Security...