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...Treasury bills (second only to Japan's $593 billion), and it doesn't want to see these investments eroded by a slumping dollar. In addition, China is increasingly worried that an economic slump in the U.S. and Europe will curtail its export growth, dealing the Chinese economy a serious blow. To keep the prices of its exports competitive, Beijing has reversed a policy begun three years ago that allowed its own currency, the yuan, to gradually increase in value relative to the dollar. After rising 6.4% during the first half of 2008, the yuan has been flat against the dollar...

Author: /time Magazine | Title: Why the Buck Has Pluck | 10/16/2008 | See Source »

...Stop Falling All over High Heels "Heeling Power" gives various explanations for why women choose to wear stiletto heels but ignores serious and feminist analyses of the sources of this so-called choice [Oct. 13]. The style can be viewed as analogous to the old Chinese tradition of foot-binding in its restrictions on comfort, mobility and even safety in the name of a socially constructed "femininity." I will never wear them. Does pole-dancing also signal this convergence of feminine beauty and authority? Cerise Morris, Montreal...

Author: /time Magazine | Title: Inbox | 10/16/2008 | See Source »

...native American awareness Week in Lame Deer, Mont., and time for the Clean Indian Joke Contest. At many schools, the week is a serious occasion; at Chief Dull Knife College, it's a lighthearted celebration with a chili cook-off, art show, tepee-raising competition and a stick-horse race for adults...

Author: /time Magazine | Title: Postcard from Chief Dull Knife College | 10/16/2008 | See Source »

...Heeling power" gives various explanations for why women choose to wear stiletto heels but ignores serious and feminist analyses of the sources of this so-called choice [Oct. 13]. The style can be viewed as analogous to the old Chinese tradition of foot-binding in its restrictions on comfort, mobility and even safety in the name of a socially constructed "femininity." I will never wear them. Does pole-dancing also signal this convergence of feminine beauty and authority? Cerise Morris, MONTREAL...

Author: /time Magazine | Title: Inbox | 10/16/2008 | See Source »

...challenge, the U.S., or any other country that wants to remain in the game, can't afford to repeat past mistakes. And the worst mistake of all is complacency--to dismiss the challengers as a nuisance, as the U.S. did Japan in the 1960s, rather than view them as serious competition. You can see the results of complacency when you look at the Big Three U.S. automakers...

Author: /time Magazine | Title: In the New World Disorder, Loads of Rivals for America | 10/16/2008 | See Source »

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