Word: acrosses
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...significantly above zero. During this time the Japanese yen was the currency traders loved. No longer, it seems. "The yen has become the least obvious carrying currency," says Credit Suisse's Desbarres, mainly because the near-zero interest rates Japan once exclusively offered are now available from central banks across the globe. Ironically, the yen today looks relatively strong compared to the dollar, making it more expensive to borrow and so riskier to carry. "Even though interest rates are low everywhere as global demand gradually picks up, we think the yen will strengthen," predicts Credit Suisse's Desbarres. Economic growth...
...that America lengthen its school day and year, for two reasons: to ensure that students remain in a safe, stimulating environment when parents cannot provide one at home; and to increase America’s academic competitiveness on a global scale. While this first justification reflects a dire need across lower-income communities, the second unfairly frames education in terms of test scores instead of well-rounded mental development. America would do well to lengthen school days and shorten summers, but only if this extra instructional time were devoted to enrichment activities like arts, clubs, and sports...
...Across the country, state governments are grappling with how to sharply trim budgets amid the worst recession in decades. But nowhere is that debate more intense than in Michigan, where officials are scrambling to close a $2.8 billion deficit and avert a government shutdown at midnight on Wednesday...
...third island outside the bustling arrivals terminal at the Denver International Airport, shuttle-bus and van drivers hustle for passengers heading into town. "You need a ride, lady?" calls a Somali driver as a woman glides her black suitcase across the taxi lane. "Only $23 to downtown," shouts his competition...
...agreement already ratified by most of the other 26 members of the European Union that aims to reform and streamline the newly expanded organization. In June 2008, Irish voters roundly rejected the treaty in the only national referendum to be held on it, sinking the hopes of E.U. backers across the continent. In the 15 months since that vote, however, Ireland's fortunes have changed dramatically in the global recession, and the government and many prominent business leaders are now urging residents to vote yes, saying this may be the only way to ensure the Celtic Tiger bounces back...