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...maybe not. In the past few weeks, another rival to the dollar - created in 1969 but dormant for most of the time since - has made a spectacular re-entry onto the world scene. It goes by the ungainly name of special drawing right (SDR), and it is the currency not of some foreign rival but of the Washington-based and traditionally U.S.-dominated International Monetary Fund (IMF). It isn't even really its own currency, since it derives its value from a "basket" that contains dollars, euros, yen and pounds. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Why Supplanting the Dollar Would Be Good for America | 4/9/2009 | See Source »

...Among the 30-plus intercollegiate programs across the country, Harvard polo ranks below top teams like Cornell, Texas A&M University, and University of Virginia. But Nick says Harvard is “leaps and bounds” above perennial rival Yale College, whose program has been around for about 45 years. Harvard has already defeated Yale twice, and one of the victories this past fall has remained the highlight of the season—but Snow hopes that will be topped in the coming weeks...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Grabbing the Reins | 4/8/2009 | See Source »

...Nevertheless, at least one analyst believes that while there is potential for conflict, there is also the possibility of a new order for the Indian Ocean - with a central role for the U.S. In the March-April edition of Foreign Affairs, Robert Kaplan envisions the U.S. as managing the rival ambitions of India and China into a workable security continuum, even as Washington's ability to project naval power recedes. There are enough interlocking economic interests, he says, to keep tempers and national interests from roiling the waters. America, Kaplan concludes, "will serve as a stabilizing power in this newly...

Author: /time Magazine | Title: Beyond Pirates: On the High Seas, an India-China Rivalry | 4/8/2009 | See Source »

...established narrative of the tragedy suggests Dipendra was in a drunken fury, irate that his father and family continued to disapprove of his relationship with a woman from a rival clan of nobles. It was supposedly a crime of passion and intoxication - but Paras told Singapore's New Paper: "There was no smell of alcohol on [Dipendra]." According to Paras, the crown prince had intended to take down his popular father ever since Birendra relinquished absolute power after pro-democracy protests in 1990. The loss of that political mandate was made worse for Dipendra after his father scuttled an arms...

Author: /time Magazine | Title: Revisiting Nepal's Palace Massacre | 4/8/2009 | See Source »

...residents; the rocky hillsides grow few crops. But a lucrative trade in the region's cedar forests funded satellite-TV dishes and fancy four-wheel-drive trucks. Local lore holds that the fight with the Americans began in earnest when the U.S., acting on a tip from a rival tribe, dropped a bomb on the lumber mill of a local chief, killing some of his relatives and leading to a campaign of vengeance...

Author: /time Magazine | Title: The U.S. in Afghanistan: The Longest War | 4/8/2009 | See Source »

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