Word: turnings
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...China's turn to show it's no pushover. In the G-20 run-up, Zhou Xiaochuan, China's central bank governor, published a paper suggesting that alternative global currencies, like Special Drawing Rights - a unit of exchange used by the International Monetary Fund - be considered to replace the U.S. dollar as the world's de facto reserve currency. While some Washington officials rejected the proposal as impractical, China's leaders have been taking steps to show just how nervous they are about a weaker dollar as the U.S. runs up massive deficits to shore up its crumbling economy...
...government intervention. They posit that, no matter how painful the adjustment, it is better for the economy to move to or beyond the brink of collapse on its own so that the resulting inexpensive labor, goods, and services can eventually cause a tiny spark of demand which will eventually turn into a raging recovery. These analysts may be right, but nearly everyone is frightened by the prospect of the carnage which would go along with the economy "improving itself" without government intervention. If unemployment gets worse much faster and the government's plans for making the economy right are shattered...
...counterspin is also true. As Obama's trip enters its final turn, with a whirlwind tour of two Turkish metropolises, the president has found his considerable success at setting a new tone for international relations repeatedly frustrated by the harsh reality of how hard the job is. Despite new agreements for international support of the war effort in Afghanistan, victory against Al Qaeda remains a distant, difficult, long-range goal, with the military onus remaining on U.S. combat troops. Furthermore, a consensus of economic observers advise that the economic crisis, though mollified by some international confidence-building agreement, is unlikely...
...home team that you've landed, via text or email. Register your flight, along with the destination airport, estimated arrival time, along with any phone numbers or email addresses to which you'd like to send a notification. The ArrivedOK system tracks your cell phone and when you turn it on after landing it instantly sends "Arrived OK" messages to people on your list. If you become one of the beta testers now, you get a one-year free subscription...
...embrace further democratic reforms and to refocus on its long-term goal of joining the European Union. Movement towards membership of the E.U. has stalled, both because of European leaders' unwillingness to contemplate a future with Turkey, and the current government's Islamic leanings, which have led it to turn eastwards and greater involvement with the Middle East. "The United States must remain an iron clad supporter of Turkish membership in the E.U.," 29 Democratic and Republican Congressmen wrote in a letter to the president prior to his departure...