Free Republic

Russian President Vladimir Putin insisted last August that a drop in the importance of the U.S. dollar was "irreversible"—but there appears to be no sign that the global economy is turning its back on the greenback. "The U.S. Dollar was used in 48% of international payment transactions last year, the highest level in more than a decade. But Brics...," it said next to the graph, which showed the euro making 23.2 percent of transactions and the Chinese yuan way behind at 3.47 percent. "BRICS countries would like their currencies to be used in world trade, but each has a major...

Monday, January 03, 2005 almost fUNnny . . . Day 9 of the tsunami crisis. I know I had promised to lay off the UN for a bit . . . but I can't. As one reader commented on a previous Diplomad posting on the UN, "it's like watching a train wreck" -- you know it's horrible, but you've just got to look at it. In this part of the tsunami-wrecked Far Abroad, the UN is still nowhere to be seen where it counts, i.e., feeding and helping victims. The relief effort continues to be a US-Australia effort, with Singapore...