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China ....and the Dollar

Markets don't like Treasury talking down the dollar's status.

As if the dollar didn't have enough problems, Timothy Geithner took China's bait yesterday and said he was "quite open" to its suggestion this week to displace the greenback with an "international reserve currency." The dollar promptly fell and stocks followed, before the Treasury Secretary re-emerged to say "the dollar remains the world's dominant reserve currency. I think that's likely to continue for a long time."

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Created by Asia 40 weeks 3 days ago – Made popular 40 weeks 3 days ago
Category: World   Tags:
6

Scientists See Asteroid Hurtle To Earth !

Stunned astronomers watched a car-sized asteroid explode into a brilliant meteor shower as it crashed into Earth's atmosphere.

It was the first time ever that scientists recovered fragments from an asteroid detected in space, according to the study, published in the British journal Nature on Wednesday.

'Any number of meteorites have been observed as fireballs and smoking meteor trails as they come through the atmosphere,' said co-author Douglas Rumble, a researcher at the Carnegie Institution for Science.

'But to actually see this object before it gets to the Earth's atmosphere and then follow it in - that's the unique thing.'

The drama unfolded like an overheated Hollywood script, according to a reconstruction of the event by Nature.

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Created by Nemo 40 weeks 4 days ago – Made popular 40 weeks 4 days ago
Category: Science & Nature   Tags:
5

US Willing To Look At China Currency Proposal

The US is willing to explore China’s proposal to give a synthetic global currency a larger role in the international financial system, Tim Geithner, US Treasury secretary, said on Wednesday.

But Mr Geithner said any change would be evolutionary and that the synthetic currency, called the International Monetary Fund Special Drawing Rights (SDRs), would not replace the dollar.

He said there would be no ”global monetary union” and the future of the dollar in the world system would rest on the US government’s ability to overcome the financial crisis and then put its fiscal house in order.

The comments came after calls by Zhou Xiaochuan, China’s central bank governor, for a new global currency as an alternative to the dollar.

China’s idea of a new currency would in effect expand the use of the SDR, a currency devised by the IMF in 1969 that was initially pegged to the dollar but is now based on the value of four different currencies: the dollar, yen, euro and pound.

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Created by Asia 40 weeks 4 days ago – Made popular 40 weeks 4 days ago
Category: World   Tags:
7

UK Pupils to study Twitter and blogs in primary schools shake-up

Children will no longer have to study the Victorians or the second world war under proposals to overhaul the primary school curriculum, the Guardian has learned.

However, the draft plans will require children to master Twitter and Wikipedia and give teachers far more freedom to decide what youngsters should be concentrating on in classes.

The proposed curriculum, which would mark the biggest change to primary schooling in a decade, strips away hundreds of specifications about the scientific, geographical and historical knowledge pupils must accumulate before they are 11 to allow schools greater flexibility in what they teach.

It emphasises traditional areas of learning - including phonics, the chronology of history and mental arithmetic - but includes more modern media and web-based skills as well as a greater focus on environmental education.

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Created by Nemo 40 weeks 4 days ago – Made popular 40 weeks 4 days ago
Category: Education   Tags:
6

Why Toddlers Don't Do What They're Told ?

Are you listening to me? Didn't I just tell you to get your coat? Helloooo! It's cold out there...

So goes many a conversation between parent and toddler. It seems everything you tell them either falls on deaf ears or goes in one ear and out the other. But that's not how it works.

Toddlers listen, they just store the information for later use, a new study finds.

"I went into this study expecting a completely different set of findings," said psychology professor Yuko Munakata at the University of Colorado at Boulder. "There is a lot of work in the field of cognitive development that focuses on how kids are basically little versions of adults trying to do the same things adults do, but they're just not as good at it yet. What we show here is they are doing something completely different."

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Created by Laura 40 weeks 4 days ago – Made popular 40 weeks 4 days ago
Category: Science & Nature   Tags:
6

India Warns Against 'Green Protectionism'

By Shaun Tandon

WASHINGTON (AFP) - India has warned against rich nations using climate change as a pretext for protectionism as the United States and France consider imposing environment taxes.

India's chief climate negotiator, Shyam Saran, was in Washington for talks with the new administration of US President Barack Obama, whom he praised for putting a new emphasis on halting the warming of the planet.

Energy Secretary Steven Chu -- hoping to ease concerns that climate action would worsen the US recession -- has suggested slapping a tariff on imports from nations that do not require emissions cuts to "level the playing field."

French President Nicolas Sarkozy seconded the view on Tuesday, saying he favored a carbon tax on imports from countries with lower environmental standards than his own.

Saran, addressing the Carnegie Endowment for International Peace, said: "Most developing countries will argue that we are already starting with a very unlevel playing field."

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Created by Laura 40 weeks 4 days ago – Made popular 40 weeks 4 days ago
Category: World   Tags:
5

China Calls For New Global Currency.

China calls for new global currency controlled by International Monetary Fund.

By JOE McDONALD (Associate Press Business Writer).

China is calling for a new global currency controlled by the International Monetary Fund, stepping up pressure ahead of a London summit of global leaders for changes to a financial system dominated by the U.S. dollar and Western governments.

he comments, in an essay by the Chinese central bank governor released late Monday, reflects Beijing's growing assertiveness in economic affairs. China is expected to press for developing countries to have a bigger say in finance when leaders of the Group of 20 major economies meet April 2 in London to discuss the global crisis.

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Created by Nemo 40 weeks 4 days ago – Made popular 40 weeks 4 days ago
Category: World   Tags:
6

YouTube Says China Blocks Site

By JESSICA E. VASCELLARO and GEOFFREY A. FOWLER

Access to GoogleInc.'s YouTube service was blocked by Chinese authorities, as the video-sharing site continues to wrestle with governments offended by some of its content.

A YouTube spokesman said as of Tuesday evening it hadn't been contacted by the Chinese government and was working to restore the service, which had been disrupted for more than 24 hours.

The site has been temporarily censored in at least a dozen countries, according to YouTube, including Turkey, where a ban remains in effect. Such incidents are buffeting YouTube's attempts to expand into new markets, particularly China, home to the world's largest number of Internet users—nearly 300 million, according to the government.

YouTube faces stiff competition in China from domestic video-sharing sites such as Tudou.com, which are less likely to get blocked in their entirety because they restrict political or racy content that might draw fire from the government.

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Created by Asia 40 weeks 5 days ago – Made popular 40 weeks 5 days ago
Category: Internet   Tags:
5

Chinese Repression In Tibet

Google said Tuesday that its YouTube video-sharing Web site had been blocked in China.

Google said it did not know why the site had been blocked, but a report by the official Xinhua news agency of China on Tuesday said that supporters of the Dalai Lama had fabricated a video that appeared to show Chinese police officers brutally beating Tibetans after riots last year in Lhasa, the Tibetan capital.

Xinhua did not identify the video, but based on the description it appears to match a video available on YouTube that was recently released by the Tibetan government in exile.

It purports to show police officers storming a monastery after riots in Lhasa last March, kicking and beating protesters. It includes other instances of brutality and graphic images of a protester’s wounds. According to the video, the protester later died.

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Created by Asia 40 weeks 5 days ago – Made popular 40 weeks 5 days ago
Category: World   Tags:
3

The Google Summer of Code is Back for 2009!

Earlier today, Google announced the list of organizations that have been selected for the Google Summer of Code 2009, and we are thrilled to announce that Drupal has been selected once again!

This will mark the Drupal project's fifth year of participation in this fantastic program, which provides a great opportunity for the Drupal community to grow our ranks of dedicated and talented new contributors, award existing long-term contributors, and get some exciting new coding projects done at the same time!

More information about the program is available in the Google Summer of Code FAQ and program timeline.

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Created by admin 40 weeks 6 days ago – Made popular 40 weeks 6 days ago
Category: Open Source   Tags:

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