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...foreign reserves. "Asian central banks are accumulating even more dollars," says Credit Suisse's Desbarres. According to Citigroup, China's foreign reserves ($2.13 trillion as of June, including forward currency contracts) have increased 11.9% since the collapse of Lehman Brothers in September, 2008. Hong Kong's foreign reserves have shot up by nearly 40% over the same period. Economists point out that this new pile-up of dollars will do little to reerse a dangerous pattern of global savings and spending, wherein Asians control much of the world's cash and allow Americnas to recklessly spend...

Author: /time Magazine | Title: Who Loves the Weak Dollar? Currency Traders | 9/30/2009 | See Source »

Holy Cross’ first scoring opportunity arose just eight minutes into the contest. With Harvard senior goalie Lauren Mann on the ground after diving for a ball, it looked as if the Crusaders had an open shot on goal...

Author: By Martin Kessler, CONTRIBUTING WRITER | Title: Harvard Overcomes Crusaders in Shutout | 9/30/2009 | See Source »

Holy Cross’s next scoring opportunity came five minutes later when senior forward Shelby Stand, who leads the Patriot League in goals-per-game, fired a shot that ricocheted off the corner post flying out of bounds...

Author: By Martin Kessler, CONTRIBUTING WRITER | Title: Harvard Overcomes Crusaders in Shutout | 9/30/2009 | See Source »

...field but was quickly trapped by a Crusader defender on the sideline. Cradling the ball with her back to the defender, Kutler wrapped the ball around and created enough space to get a pass off to Hagner as she cut to the goal. Hagner faked one way, then shot the other and planted the ball in the right corner of the net to give the Harvard a commanding 2-0 lead...

Author: By Martin Kessler, CONTRIBUTING WRITER | Title: Harvard Overcomes Crusaders in Shutout | 9/30/2009 | See Source »

Most loyal viewers of NBC's "Heroes" are well aware that the show has spiraled downward into a convoluted mess over the past two seasons. Between the excess of characters, nonsensical and repetitive plotlines, and the fact that continuity has been completely shot to hell, FlyBy is seriously hoping for an upward turn. Perhaps the volume's title "Redemption" is self-referential, but after watching this week's episode, we aren't getting our hopes...

Author: By H. Zane B. Wruble | Title: Recap: "Ink" | 9/29/2009 | See Source »

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