Word: strengthens
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...fallen about 15% from a three-year high reached in March and is now hovering near a 14-month low. Economists and analysts expect the dollar to lose a lot more ground. Daisuke Uno, chief strategist at Japan's banking giant Sumitomo Mitsui, believes the Japanese currency could strengthen to 50 yen to a dollar by 2011 (from around 90 today) due to continued weakness in the U.S. economy. Harvard historian Niall Ferguson says the dollar could slide by as much as 20% on a trade-weighted basis over the next 12 months. The process may be protracted, he argues...
Despite the vocal misgivings of its President, Vaclav Klaus, the Czech Republic became the last of 27 European Union member states to sign the Lisbon Treaty, removing the final hurdle for its passage. The charter, intended to consolidate and strengthen the E.U.'s governance, calls for Europe's first full-time President, a new foreign policy chief and a new voting system. It could go into effect as early...
...promise to you as governor is to strengthen the free-enterprise system, to create more jobs and opportunity so that every Virginian can use their God-given talents to pursue the American dream and liberty here in this great commonwealth." - At a rally shortly after winner the governor's race (Washington Post...
...Lisbon Treaty, which comes into effect on Dec. 1, will allow the E.U. to streamline many of its voting and decision-making procedures to alleviate the bureaucratic tangles that slow the organization down. It will also create a European Council president and a new foreign policy chief and strengthen the powers of the European Parliament. (See pictures behind the scenes of Obama in Europe...
...undermine U.S. goals in those situations. Contrary to the Obama Administration's spin, resolving the dispute over the fraudulent ballots in Afghanistan's August election was never the key to determining whether to send more U.S. troops into the country. In fact, the runoff election was never going to strengthen the legitimacy of the resulting government; it was always more likely to further weaken it. (See pictures of the presidential election in Afghanistan...