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...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 Joseph Tan, the chief Asia economist for private banking at Credit Suisse. "It doesn't look promising for the dollar." (Read "How China Is Capitalizing on the Economic Crisis...

Author: /time Magazine | Title: China Takes a Small Step Away from the Dollar | 4/6/2009 | See Source »

With less less than a week to go before national elections, snarled logistics and accurate voter rolls could spell disaster for the more remote regions of Indonesia. But Aceh, a province of four million people on the northern tip of Sumatra, is facing security challenges as well. After a string of attacks by unidentified gunmen over the past three months, the central government is planning to send an additional 1,000 soldiers and 260 national police to join an estimated 9,000 local police officers to help stabilize the restive province. At least 16 people have been killed in shootings...

Author: /time Magazine | Title: Aceh Ramps Up Security Ahead of Elections | 4/3/2009 | See Source »

...restaurant’s background music had just transitioned from a soulful Diana Ross ballad to Patsy Cline’s “Crazy,” and I couldn’t decide whether “men are dogs,” “insufficient tip,” or “another waiter’s gibes” was a likelier explanation for her sorrow. “My mother played this when she got the divorce papers,” she explained without inquiry. Stunned, I did what any human would...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Playing with a Potential Musical Cure | 4/2/2009 | See Source »

...industry have been swallowed up by novel technologies, going by the name “new media.” Sadly, print journalism faces an uncertain future (you’re probably reading this on a screen, aren’t you!). With Lauer on his way ,we must tip our caps to new media—you win this one “TV.” We are not losing hope for more traditional news personalities to make a resurgence, though. Don’t be surprised to see someone from radio or telegraph rolling through the Yard...

Author: By The Crimson Staff | Title: Who in the World is Matt Lauer? | 4/2/2009 | See Source »

...bombing raid came after an intelligence tip-off. In early January, at the height of Israel's assault on Gaza, Israel's foreign-intelligence agency, Mossad, was told by an informant that Iran was planning a major delivery of 120 tons of arms and explosives to Gaza, including antitank rockets and Fajir rockets with a 25-mile (40 km) range and a 99-lb. (45 kg) warhead. With little time to plan the operation, naval vessels and helicopters were rushed to the Red Sea in case Israel had to rescue a downed pilot, and the plan was hurried through...

Author: /time Magazine | Title: How Israel Foiled an Arms Convoy Bound for Hamas | 3/30/2009 | See Source »

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