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...that shift from talk to action continues, the consequences could be severe and wide-ranging. Central bankers are the currency market's buyer of last resort, and thus the private sector's view of the dollar's value and stability can be heavily influenced by what they do. Still, there are many constraints to how far and fast the dollar falls. The issue facing central bankers is a complex one. They may wish to limit their exposure to a weakening dollar, but they don't relish the ugly fallout from doing anything to further weaken it. "We certainly...

Author: /time Magazine | Title: Is the Dollar Dying a Slow Death? | 11/6/2009 | See Source »

...chorus with Casablancas shredding his vocal chords over churning twin-guitar solos. The closer “Tourist” resembles the Led Zeppelin classic “Kashmir,” featuring its galloping drumbeat and Middle Eastern-sounding, snake charming guitar lines that rhythmically shift to accomadate the addition of space age synths. Casablancas’ experimental instincts add a much-needed dose of variety to the album, seeing as many of his other tracks end up sounding like weak Strokes B-sides...

Author: By Zachary N. Bernstein, CONTRIBUTING WRITER | Title: Julian Casblancas | 11/6/2009 | See Source »

...That was the greatest trip, just unbelievable," Clinton says now. We were sitting in her hotel suite the day after her Jerusalem gaffe, the Secretary in an electric-blue shift rather than her usual formal jacket and pants. She was wearing glasses and appeared rather freckly without her makeup. "I guess that trip has animated and informed everything I've done since," she said. She emerged from the trip reinvigorated, with a new mission. By the end of 1995, at the U.N. Conference on Women in Beijing, the First Lady had propounded a new Clinton Doctrine: "Women's rights...

Author: /time Magazine | Title: The State of Hillary: A Mixed Record on the Job | 11/5/2009 | See Source »

...recurring flare-ups between Italy and Strasbourg are both anomalous to and emblematic of the continental shift in faith. The Vatican's presence within its borders keeps Catholicism a part of the public life and social fabric in Italy, where only 23% of respondents answered "No" to the Gallup poll question. But the largely rhetorical battles like the one over crucifixes mask the reality that Italian life is ever more secular, and the ethnic and religious fabric is in fact undergoing major changes with the arrival of immigrants, including many from Muslim-majority countries. Buttiglione, who called the court...

Author: /time Magazine | Title: Will Crucifixes Be Banned in Italian Schools? | 11/5/2009 | See Source »

...This shift of focus partly explains why former British Prime Minister Tony Blair has seen his stock plummet - despite his celebrity, charisma and leadership qualities - since he was first mentioned as a contender for the job years ago. Now, the front-runners appear to be three low-key "fixers": Belgian Prime Minister Herman Van Rompuy, Dutch Prime Minister Jan Peter Balkenende and Luxembourg Prime Minister Jean-Claude Juncker. While all three may be somewhat bland and anonymous even in their home countries, they appeal to a growing number of E.U. countries - in particular the smaller ones - because they would excel...

Author: /time Magazine | Title: A Treaty Ratified, the E.U. Turns to Picking Its Leader | 11/4/2009 | See Source »

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