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...place? Economists say that China's suggestion of turning to SDRs might be viable, since SDRs are already considered a core part of central-bank reserves. But global traders would have to begin denominating transactions in SDRs instead of dollars, and there is no sign of that happening anytime soon. Portes of the London Business School says using SDRs as the top international currency is "not impossible," but he adds that "the fundamental problem is that the issuer of the [international] currency also has to be the lender of last resort. The IMF does not have the legitimacy...
...stage. Scene I opens with Rachel E. Flynn ’09 conducting a funeral as a Yiddish rabbi—one of her many small roles in Part I, all of which are underscored by her knack for comedic timing and evocative facial expressions. It is soon revealed that the deceased is the grandmother of Louis Ironson, a neurotic gay Jewish lawyer. Gus T. Hickey ’11 uses mannerisms, including an obsessive habit of wringing his hands and wiping them on his trousers, bring out Louis’ neuroticism without overdoing it. Hickey, who is a Crimson...
President Obama touched down in the Czech Republic at about 6:30 p.m. Saturday, two hours ahead of schedule, raising expectations that he might opt for a night on the town. Indeed, as soon as the motorcade arrived at his downtown hotel, agents began preparing for an imminent departure to an undisclosed dinner location. But the first couple chose to stay in, opting for an early night after four grueling days on the road...
American presidents have visited Turkey before but never this soon into their presidency. That's just one reason why Barack Obama's arrival this Sunday evening has all of Turkey aflutter. Turks see Obama's visit as proof of his commitment to building bridges with the Muslim world, as well as a reflection of the new administration's desire to have Turkey - with a Muslim majority but officially secular, democratic and a candidate for E.U. entry - play a much bigger role in the wider region...
...Jong Il had a stroke late last summer, and there is intense speculation as to the state of Kim's health and his level of control over his regime. "The launch says to North Koreans that not only is Kim in control, he's flexing his muscles and will soon have the United States and the rest of the world crawling to the bargaining table," says the Seoul diplomat...