Word: stepping
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...toward the yuan in ways that could, over time, lead to its greater use on a global scale. Most notably, China and Hong Kong launched a pilot program this month through which Hong Kong banks can begin settling cross-border trade transactions in yuan for selected Chinese companies. This step will likely increase the use of yuan in Hong Kong, one of the world's premier financial centers. (The program also solidifies Hong Kong's role as China's chief financial hub.) This step follows a series of "swap agreements" concluded with foreign countries that allow their central banks...
...they stay with it. In "Travis, B," a battered cowboy acts out a romantic fantasy only to find he has no idea how to meld it with reality. Meloy also mines relationships for their own facets of loneliness, most often spawned by distrust. In one brisk, scathing story, "Two-Step," we observe a philandering husband from the perspective of his mistress, who thinks she is clear-eyed ("He was acting like the man he wanted to be, in hopes that he could become it") but who is actually hopelessly besotted. In another, "The Children," we go inside the mind...
...just as record numbers of students seek out a community college, earning a degree from one may be harder than ever. Says Melissa Roderick, a professor at the University of Chicago who studies school transitions: "This group of kids will pay a high economic price if we don't step up as a nation...
...police sergeant who first arrived on the scene said he had told Gates his name multiple times when requested, and that Gates simply shouted over him. The sergeant said he was forced to step out of the home because of Gates' uncomfortably loud yelling, according to the report obtained from the Boston Globe. He said he told Gates that they could discuss the matter further outside, to which Gates allegedly replied, "ya, I'll speak with your mama outside...
...negotiable. It's not clear what Washington will accept. Secretary of State Hillary Clinton, who previously insisted that there could be no exceptions with a settlement freeze, was asked on July 16 to comment on reports of a compromise. She said she was "certainly not going to step on the negotiations in any way" until their outcome was official. That comment and other indications from the Administration have led many Israelis and Palestinians to believe that Obama has been forced to backpedal somewhat. (See pictures of the divided city of Jerusalem...