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...euro and yen are this year's dollar, what's on the flip side of the smart carry trade for 2010? Last year the Brazilian real was a currency on fire, appreciating 35% on interest rates that started 2009 at an unsustainable 13.75%. It was a situation that threatened to suffocate the economy, forcing the government to intervene in currency markets, cut interest rates nearly 40% and impose new taxes on foreign investment. (See pictures of the global financial crisis...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

...this evening Gustavo was more than happy to take a tango-inspired detour (though my brother was convinced I’d gone insane). Gustavo giddily pulled over to the side of the road as if he’d suggested that we stop off himself. As we emerged from the cab and approached the Plaza, a hodgepodge of teenagers and people who could easily have been that age during the turmoil of the 1970s welcomed us to their Friday night ritual. One of the older members of the group picked up the karaoke microphone. His face illuminated by dangling...

Author: By Lindsay P. Tanne, CRIMSON STAFF WRITER | Title: Dancing in the Street | 2/11/2010 | See Source »

...This side of Cambridge has had its fair share of walk-on wonders. Michelle Guerette ’02, a former walk-on, took the silver medal in the silver scull at the 2008 Beijing Olympics. A year after she graduated, the Radcliffe Heavyweights won the NCAA Championships thanks in great part to the efforts of former walk-ons Lis Lambert ’04 and Olympic gold medalist Caryn Davies...

Author: By Christina C. Mcclintock, CRIMSON STAFF WRITER | Title: Unique Contest Attracts Rowers | 2/11/2010 | See Source »

...this in, because she won't acknowledge it. I forward her every article about the car's problems, but she keeps saying, "It's fine!" as if this were some kind of Salem witch trial for liberals. Even though Toyota's website says to immediately remove the driver's-side floor mat because the accelerator can get stuck, she won't do it. In a car we drive our baby in. This is a woman who won't give our son nonorganic blueberries...

Author: /time Magazine | Title: Joel Stein: My Prius Problem | 2/11/2010 | See Source »

...easy to see how any attempt at disruption may have been cowed. On Revolution Street, which stretches from Azadi Square eastward, tens of thousands of police forces as well as paramilitary Basij were standing guard. In a line of 20 Basij motorcycles on a side street, young riders stood nearby, chatting and laughing - in stark contrast to earlier protests, during which most Basij were constantly on the move responding to opposition protests in various squares in the city. Indeed, the Green Movement, with its vaunted viral organization, may have been stymied by the regime this time. As late as Wednesday...

Author: /time Magazine | Title: Iran's Anniversary: Where Was the Opposition? | 2/11/2010 | See Source »

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