Word: strongly
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Those are strong words for what, going strictly by the numbers, has been nothing more than a retracing of the dollar rally that followed last fall's financial panic. When investors around the world got scared late last year, they poured money into U.S. Treasury securities that they perceived to be safe. That drove up the dollar. Then, after a few months, investors began taking risks again, putting money back into the U.S. stock market and into all sorts of investments in the rest of the world. So the dollar fell. (See 10 things you didn't know about money...
...problem is that after a decade of strong growth in China in particular, we now have an unbalanced system in which the dollar is overvalued against the Chinese yuan (among other emerging-market currencies). That has contributed to big U.S. trade deficits and, as China built up a huge stash of dollars it needed to put somewhere, to the credit bubble that precipitated the financial crisis. There's widespread agreement that this setup has to change but little agreement about how to change it. Which is a risky situation...
...young Manny plotted his trip in secret. Dionisia Pacquiao is slender and slight, like her son, and has his easy smile. "Manny has a strong mind and a strong body," she says. "Just like his mother. Except I am stronger." But she was heartbroken when he left for Manila. Dionisia recalls receiving a letter from him "saying how sorry he was [for leaving home] ... I was very, very sad. But after a while, I accepted his destiny...
Manny's sister Isidra, however, says her brother is too strong-minded to be dissuaded from politics. "Whatever Manny does, we'll support," she says. During the huge floods in Manila in September, he took a motorcade from the mountain resort where he was training to help distribute relief to victims. "He wants to be giving service," his sister says. "He has big potential. He is caring, thoughtful and generous." Dionisia is quieter about her son's career after boxing. "I will support and pray for him," she says. But she worries. "There's a lot of trouble in politics...
Although Bowman is the smallest of the candidates running for president, he has strong charisma and charm to make up for his lack of physical stature. He and Hysen have been knocking on the doors of every single freshman dorm room and speaking to whomever will listen about their vision for the Undergraduate Council. Going door to door, Bowman easily convinces a room of freshman men to take a break from Xbox or Facebook to listen to his ideas on a real J-Term for 2011 and beyond, or the importance of simplifying room reservations. It’s even...