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...years earlier. There remains great incentive for countries with large dollar reserves, like China and Japan, to continue to invest in dollar assets to preserve the value of their holdings. Besides, replacing the dollar would demand a level of cooperation among the world's major economic powers that is difficult to achieve. Although China and Russia reiterated their calls for reform of the global currency system at last week's G-20 summit in London, the issue barely got any talk time. (See pictures of London protesting the G-20 summit...

Author: /time Magazine | Title: Is the Almighty Dollar Doomed? | 4/6/2009 | See Source »

...London, Conn., and the Central Series Three regatta in Medford, Mass.“Our first really windy regattas of the year necessitated that we try some new combinations,” senior Megan Watson said. “It was windy the entire weekend, which made it difficult on our crews, and they are probably pretty worn out after two days of competition, but they deserve a lot of credit.”DELLENBAUGH TROPHY WOMEN’S INTERSECTIONALCloudy and windy weather welcomed Harvard’s women’s squad to the Dellenbaugh Trophy Women?...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Crimson Sailors Find Some Success in Local Waters | 4/6/2009 | See Source »

...can’t fairly blame all of GM’s decades-long troubles on a man who has been CEO for only nine years. High cost union contracts and close competition from rivals like Toyota made Wagoner’s job a difficult one. And, to his credit, he closed unnecessary plants, laid off workers, and renegotiated union contracts in an attempt to streamline the company. But he did little to pull his company out of its unsustainable reliance on sales of sport utility vehicles and trucks, which plummeted when gas prices rose to $4 per gallon last...

Author: By Ellen C. Bryson | Title: He’s Leaving, But Not on a Jet Plane | 4/6/2009 | See Source »

...import-substituting industrialization” and “competitive authoritarianism” litter the typical textbook. In theory, these labels should make the discipline more precise, but in practice, they make it inaccessible. Not only are they hard for casual readers to understand, they also are difficult for students to remember. What is “amoral familism” again...

Author: By Brian J. Bolduc | Title: The Boredomization of Politics | 4/6/2009 | See Source »

...leaves the Obama Administration forced to cajole its East Asian allies to set aside their anger and get back on the diplomatic track with Pyongyang. Bosworth, upon his appointment to the special-envoy job earlier this year, said he was under "no illusions" as to how difficult the task would be. After yesterday, it's fair to conclude that he didn't know the half...

Author: /time Magazine | Title: North Korea Launch Poses Problem for Obama | 4/6/2009 | See Source »

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