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...sure has become popular. In late March, the head of China's central bank made headlines by arguing that the time had come for the SDR to supplant the dollar as the world's "supersovereign reserve currency." A few days later, a U.N. task force recommended the same thing. Then U.S. Treasury Secretary Tim Geithner endorsed giving SDRs a bigger role. After the dollar fell in currency markets in reaction, Geithner backpedaled. But at the G-20 meeting in London, President Barack Obama joined the assembled heads of state in agreeing to a nearly tenfold, $250 billion increase...

Author: /time Magazine | Title: Why Supplanting the Dollar Would Be Good for America | 4/9/2009 | See Source »

...they have no such guarantees. So Margarito and his wife will stay in Oregon, but not in St. Helens. One of the couple's last paid assignments in the town was a typical task for people who have been made unemployable by 5-190: a store manager hired them and a friend to clean out the back of the store overnight. "It was disgusting work," says Margarito. At the end of the five-hour job, they were given $60 total, or about $4 an hour for each worker. Margarito cajoled $20 more out of the boss for the three...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

...arts seemed to be enjoying a great year at Harvard. Last November, President Drew G. Faust announced the formation of a Task Force on the Arts that issued a report calling on Harvard to make the arts a more “integral part of the cognitive life of the University.” Among its recommendations were proposals for increasing the presence of arts practice in the curriculum and increasing student access to arts-practice courses. A quick glance at the studio art course offerings of the VES department underscores the serious need for such changes. But, with...

Author: By The Crimson Staff | Title: Arts First? | 4/9/2009 | See Source »

...each other. There is no other way. Nothing else will work." Mullen agreed that the two allies should work toward a "surplus of trust," while Holbrooke said that "the United States and Pakistan face a common strategic threat, a common enemy and a common change, and therefore a common task...

Author: /time Magazine | Title: In the War Against Militants, U.S. and Pakistan Remain at Odds | 4/8/2009 | See Source »

...Gulf of Aden since October, and late last year, with great fanfare, China deployed two warships to the same area. The ships have been active in interdicting pirates and coming to the aid of commercial ships in apparent distress - though they are not part of the U.S.-led Combined Task Force 151 (usually composed of 14 to 15 vessels from several nations), which coordinates its activity with the dominant naval force in the Indian Ocean, the U.S. 5th Fleet, based in Bahrain. But the presence of the Chinese and Indian warships underlines Beijing's and New Delhi's intense economic...

Author: /time Magazine | Title: Beyond Pirates: On the High Seas, an India-China Rivalry | 4/8/2009 | See Source »

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