Monday, September 28, 2009 WASHINGTON: World Bank President Robert Zoellick on Sunday warned that the United States should not "take for granted" the US dollar's role as pre-eminent global reserve currency."The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency, Zoellick said, in excerpts of a speech to be delivered Monday."Looking forward, there will increasingly be other options to the dollar," Zoellick said in the address to be given at Washington's John's Hopkins University.His speech on Monday comes ahead of World Bank and International Monetary Fund annual meetings in Istanbul, Turkey early next month.Addressing the recent global economic crisis, he faulted the world's central banks for having "failed to address risks building in the new economy," although in the case of Washington's Federal Reserve Bank, he said, "it will be difficult to vest the independent and powerful technocrats at the Federal Reserve with more authority.""My reading of recent crisis management is that the Treasury Department needed greater authority to pull together a bevy of different regulators" to manage the finance crisis.He added that since Treasury is an executive department "Congress and the public can more directly oversee how it uses any added authority."
BAGHDAD: Nearly 500 U.S. Army combat engineers who specialize in clearing roads of explosives started shifting to southern Afghanistan."We are probably going to be the beginning of the influx you are going to see to Afghanistan," Lt. Col. Kevin Landers, commander of the Fort Carson, Colo.-based 4th Engineer Battalion, said as crews packed crates and cleaned vehicles for the flight to Kandahar.Obama has ordered 17,000 more U.S. soldiers and Marines to Afghanistan to bolster the 38,000 American troops already battling the resurgent Taliban."We are going to take this footprint out of Iraq," said Landers, whose battalion received word of its reassignment last month just after taking command of clearing roads in Baghdad of bombs and debris.
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