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...obvious example, which will be front and center when U.S. President Barack Obama makes his first visit to China on Nov. 15, is the exchange rate of Beijing's currency, the renminbi (RMB). After allowing it to rise against the dollar by about 15% earlier this decade, China has since the onset of the crisis kept the RMB's value tightly pegged at about 6.8 to $1. Economists differ on how greatly undervalued the RMB is. The International Monetary Fund and World Bank contend that it's about 15%-25% below where it would be if it were allowed...

Author: /time Magazine | Title: Could China's Economic Policies Trigger Another Crisis? | 11/3/2009 | See Source »

...daily sound bites, visit time.com/quotes

Author: /time Magazine | Title: Verbatim | 11/2/2009 | See Source »

...meantime, FlyBy is sifting through a wallet full of void purple "Boomerang Gift Certificates," good for $1 off on any next visit to Herrell's, saddened by Herrell's obvious debt default...

Author: By Ashin D. Shah | Title: Farewell to Herrell's! | 11/2/2009 | See Source »

There's a stop that would-be Presidents make even before Iowa: a visit to a New York City publisher. Political books are usually written to attract voters, not to mention make money for a campaign war chest. Former Arkansas Governor Mike Huckabee, a 2008 contender for the White House, is a publishing veteran. His seventh and latest book, the decidedly nonpartisan A Simple Christmas: Twelve Stories That Celebrate the True Holiday Spirit (Sentinel), harks back to Huckabee's roots as a Southern Baptist minister. (Let it be noted, however, that a paperback edition of his fiercely political 2008 best...

Author: /time Magazine | Title: Mike Huckabee on the (Book Tour) Trail | 11/2/2009 | See Source »

According to Fonseka and other Sri Lankan officials, the DHS contacted the general on Oct. 28 during his trip to the U.S. to visit his daughters, who live in Oklahoma. Fonseka, who holds a U.S. green card permanent-residency certificate, was asked to show up for an interview on Nov. 4. According to Sri Lankan Foreign Minister Rohitha Bogollagama, Fonseka had been told by the DHS official that the objective of the interview was to "use him as a source against Defense Secretary Gottabaya Rajapaksa." Apart from being a co-author of the successful campaign against the Tigers, Gottabaya Rajapaksa...

Author: /time Magazine | Title: The U.S. Wants to Talk to Sri Lanka's Tiger Tamer | 11/2/2009 | See Source »

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