Word: sidewalkers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Even Americans who never leave their shores may have started to hear about some puzzling consequences of the dollar's decline. China's sidewalk banks-illegal but tolerated money changers-are doing a land-office business swapping dollars for renminbi (RMB), the Chinese currency, because canny Chinese now think that the RMB is a "safer" currency than the greenback. They are making the same "one-way bet" as currency traders all over the world, who calculate that the only way in which the record U.S. trade deficit can be brought under control is if the dollar declines, hence making American...
...Meanwhile, spend a moment thinking of those Chinese sidewalk banks. The RMB is pegged to the dollar, which means that when the dollar declines, so does the Chinese currency. The U.S. authorities say this is unfair, because it means that Chinese goods continue to be relatively cheap in American stores, which contributes to the U.S.'s massive trade deficit with Beijing (although China's global-trading account is roughly in balance). So at every opportunity (most recently at last weekend's Asia-Pacific Economic Cooperation summit in Santiago, Chile), U.S. officials take the chance to jawbone the Chinese into letting...
...This sidewalk, which lifts off the street and wraps through the building, was to become a link for students between the historic Georgian Yard and a planned expansion beyond Prescott Street, in the direction of downtown Boston. In the years since, however, Harvard has expanded in other directions, geographically and academically, in part marginalizing the building’s dual purpose of providing pedestrian connection and bringing the visual arts to the center of the Harvard experience...
...years, it doesn’t mean that some important firsts haven’t happened here as well—just ask John Updike. Because while you’ll have to watch where you step in front of the Lampoon—thanks to the permanent sidewalk coating of broken glass you’ll find outside—you’ll want to watch where you sit inside as well. Apparently there’s a particular couch that was the site of Updike’s “deflowering...
...rest of the time, the film stifles any impulse to believe in its buoyancy by being sadly earthbound. Peter and the boys may fly through the bedroom window; Finding Neverland takes a big, brave leap and lands splat on the sidewalk. By Richard Corliss