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China, Japan and others welcome the chance to scale back their U.S. holdings, but even the hint of a sale could send the dollar tumbling - as happened earlier this month when a Chinese official suggested China might shift some of its currency reserves to offset the "weak" dollar. The notion that the days of the dollar's dominance are numbered is, in fact, increasingly popular. In September, Alan Greenspan, former chief of the U.S. Federal Reserve, said it's "absolutely conceivable that the euro will replace the dollar as [the] reserve currency, or will be traded as an equally important...

Author: /time Magazine | Title: Bottom Dollar | 11/14/2007 | See Source »

...ntefering had recently quarreled with Chancellor Angela Merkel over her refusal to introduce a minimum wage; he had also tussled with his own party's left wing over government plans to roll back welfare reforms introduced under the previous SPD-led government. But already questions have shifted from what engendered Müntefering's departure to what it could mean for the future: a leftward shift in the SPD, the end of any meaningful economic reforms for the current German government, and possibly the opening salvo in elections expected...

Author: /time Magazine | Title: Germany's Coalition Takes A Hit | 11/14/2007 | See Source »

...Vecchio attributes Casual Corner's demise to a fundamental shift in how people shop. "The middle-market shopper went like this," says Del Vecchio, raising one hand and lowering the other. "Middle customers started buying what was not aspirational at Wal-Mart, and with the money saved, they could now afford a Coach handbag instead of one from Casual Corner...

Author: /time Magazine | Title: Claudio Del Vecchio: The Man Who Brought Back the Golden Fleece | 11/13/2007 | See Source »

...percent in the half, compared to James Madison’s 29.3 percent. “The first half especially, we really worked together great on offense and on defense,” said co-captain point guard Lindsay Hallion. “And then a natural momentum shift in the game happened, and we couldn’t get back into that same flow.” The half ended after a Dukes surge that narrowed the Crimson’s lead to 41-38. In the final seven minutes of the half, James Madison outscored Harvard...

Author: By Elizabeth A. Joyce, CONTRIBUTING WRITER | Title: W. Hoops Season Opens With Non-League Defeat | 11/13/2007 | See Source »

...Indeed, Wednesday, he reminded the listeners of Radio Iowa that "'politics of hope' he's been talking about don't mean that things come easy - or that there won't be a fight." Thursday, he said of Clinton's ethanol position, "If she's willing to shift this quickly on this issue, we don't know whether she will shift back when it gets hard," then dinged her on Iran: "Just remember who got it right and who got it wrong in the most important decision...

Author: /time Magazine | Title: Can Obama Rock the Nomination? | 11/11/2007 | See Source »

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