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...nudged down the greenback vs. a host of major currencies. That may have been a tad more impact than Zhou was seeking: with something like two-thirds of China's roughly $2 trillion of foreign-currency reserves held in dollars, the lower a buck goes, the less China's vast pot of cash is worth...
...Every other year, the Venice Biennale—a vast and international contemporary art exhibition—increases this sense of visual bombardment. The city’s vistas are adorned by banners that display the Biennale’s trademark red, square logo. They announce the performances, special events and exhibitions that go on until November, held mostly in the national pavilions in the public gardens of the Giardini—the main site of the Biennale—but throughout the city’s various “sestieres” as well...
Diners who found themselves in London with a yearning for northern Chinese food used to have a hard time, given that the vast majority of Chinese restaurants in the British capital - run by southerners from Guangdong and Hong Kong - served mediocre approximations of it at best. The opening of Ba Shan, in Soho's Romilly Street, will therefore please purists...
...democracy effective in India? there is always the inevitable comparison with China, which has progressed spectacularly in spite of a vast, impoverished population and an absence of democracy. China's advantage is its far more homogeneous society and its single-party rule, which can easily suppress any social dissent and move rapidly on any project. Also, China learned the lessons of Mao-era excesses and made necessary course corrections. Similarly India has understood the errors of its socialist beginnings, which suppressed private enterprise in all fields at the cost of developing human resources and infrastructure. But India, too, has made...
Twitter's strengths are also its weaknesses. The vast body of information about Iran circulating on Twitter is chaotic, subjective and totally unverifiable. But here's a measure of its new role in international politics: engineers delayed a planned network upgrade that would have taken the system down at the height of the protests after being asked to wait by the U.S. State Department...