Word: specializes
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...China's turn to show it's no pushover. In the G-20 run-up, Zhou Xiaochuan, China's central bank governor, published a paper suggesting that alternative global currencies, like Special Drawing Rights - a unit of exchange used by the International Monetary Fund - be considered to replace the U.S. dollar as the world's de facto reserve currency. While some Washington officials rejected the proposal as impractical, China's leaders have been taking steps to show just how nervous they are about a weaker dollar as the U.S. runs up massive deficits to shore up its crumbling economy...
...better off with a "supersovereign" reserve currency, in place of one issued by a specific nation - in other words, the dollar. "The frequency and increasing intensity of financial crises," Zhou said, "suggests the costs of such a system to the world may have exceeded its benefits." Zhou recommended turning Special Drawing Rights (SDRs), the unit of account used by the International Monetary Fund (IMF), into the premier international currency. Then a U.N. panel of economists led by Joseph Stiglitz, the Nobel laureate, concluded that a reformed financial system with a new No. 1 international currency would help bring greater strength...
David: "Just the name, it's Obama Maki. There's nothing really special about it." [Oh. Boring. Maybe should have been McCain maki? Kerry maki? C'mon David, you're killing...
...Core Intensive Weekends, starting May 14-17, to help get you back to buff. You'll endure daily Pilates-style fitness classes, plus one 60-minute massage for recovery purposes. If you want to stay on and just sit like a slug on the beach, the hotel has a special opening rate of $295 per night, which includes an oceanview suite, breakfast, a daily fitness class and 35% off at the spa. Rates for the fitness weekend, start at $1,600, including all meals. Grace Bay Beach, Providenciales, Turks & Caicos Islands...
...American diplomats and their partners in east Asia privately regarded the launch as a fait accompli. U.S. President Barack Obama's special envoy, Stephen Bosworth, has said that launch or no launch, Washington hoped to push on with talks aimed at getting the North to give up its nuclear weapons program - even hinting that the direct U.S.-North Korean talks Pyongyang has always wanted were possible. (See pictures of the rise of Kim Jong...