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Dates: during 2000-2009
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...that the world is losing its appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second quarter, dollars accounted for only 37% of new reserves accumulated by central banks worldwide...
...source of stability is the difficulty central banks have disposing of dollars they already hold. Dumping dollars on world markets would only depress its value further, undermining nations' own reserves. "Central banks will continue to get out of dollars on the margins, but they don't want to be seen selling dollars hand over fist," Englander says. Besides, with economies weak and interest rates at low levels throughout the industrialized world, there is a lack of better choices. "The dollar may not be attractive, but when you look at the alternatives, nothing is that exciting," says Englander...
...more troops to Afghanistan in the knowledge that the mission's Afghan partner for the foreseeable future will be one whose ability to deliver has long been questioned, even by Obama. And this at a moment when U.S. public support for the war is dwindling - yet Obama's being seen to withdraw in defeat could also be politically devastating to the Democratic Administration...
...young and old green-clad Iranians into allies and side streets. Some demonstrators - by now seasoned veterans in confronting the police - counseled that applying cigarette smoke to the eyes eases burning sensations, as opposed to dousing the eyes with water. This led to odd moments where teenage boys were seen blowing smoke into the eyes of elderly women and vice versa. (See pictures of protests against Iran's election around the world...
...Dalai Lama's visit, says Anand, should be seen not as a gesture of defiance toward China nor a validation of democratic India but as an act of solidarity with a community that looks to him for guidance. For years he has pushed for dialogue with China and quietly sought autonomy for Tibet, but this purported "middle path" of peaceful advocacy has made little progress and has frustrated many younger Tibetans who are living in exile from their homeland. Now, suggest observers, the Dalai Lama may be thinking more of shoring up the Tibetan diaspora as it looks toward...