Word: steps
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Dates: during 2000-2009
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...agreements are an unusual step for China, which has historically used U.S. dollars to conduct its external trade. But with some 70% of its $2 trillion in foreign reserves parked in the U.S. currency, China is searching for ways to diversify. Beijing's main concern is that the dollar will inevitably weaken, eroding the value of its holdings, due to the growing U.S. budget deficit that is expected to swell to more than $1.75 trillion in 2009, the country's largest debt load as a percentage of GDP since World War II. "This is the tip of the iceberg," warns...
...contingency plan in case the dollar implodes," says Fox-Pitt Kelton's Matthews. "It is a way of continuing trade with its major trading partners." Other analysts say China is trying to assert itself, through words rather than deeds, on the global economic stage by taking a step toward making the yuan a global currency. "A lot of this is symbolic," says Citigroup's Chua. "China wants to be a player." And one sure way to be a player, as everyone knows, is to threaten to quit the game...
...certainly have not seen the last of the days of executive privilege and overcompensation, but the symbolic action of forcing Wagoner to step down is a move in the right direction. We know you hate to go, Rick, but your Suburban’s waiting...
...Undergraduate Council voted in support of ethnic studies programs on campus and elected to extend the drop, pass/fail, and course withdrawal deadlines yesterday. These initiatives were the first step in fulfilling two promises made during the presidential campaigns...
...This is a first step in stressing to the administration how incredibly important ethnic studies is to the student body,” said Andrea R. Flores ’10, UC president. The Ethnic Studies Policy Paper, approved yesterday, included recommendations for creating and expanding ethnic studies at Harvard...