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The proposal initially attracted attention mostly for its signal of China’s rising global economic power, but its content also has much to commend it. A century ago almost all the world’s currencies were linked to gold and most of the rest to silver. Currencies were readily interchangeable, gold anchored exchange rates and the physical supply of gold stabilized the money supply over the long term. The gold standard collapsed in the wake of World War I. Wartime financing with unbacked paper currency led to widespread inflation.

The self-bending beam, described in the April 10 Science, does not curve by more than the beam’s diameter, but that amount is enough to help physicists probe the structure of laser pulses.  — Larry Greenemeier GETTING BENT: A simulation of an Airy pulse coming out of the page. The bright patch leaves a curved plasma trail. Read More ... com/jun2009/briefs 32 S cientific A merican © 20 09 SCIENTIFIC AMERIC AN, INC. June 2009 Howard Berman Getty Images (dogs); M. I. WALKER Photo Researchers, Inc.

The bright patch leaves a curved plasma trail. Read More ... com/jun2009/briefs 32 S cientific A merican © 20 09 SCIENTIFIC AMERIC AN, INC. June 2009 Howard Berman Getty Images (dogs); M. I. WALKER Photo Researchers, Inc. com Scientific American Perspectives Reality Check for Stem Cells The latest but far from final chapter on the controversial research at least starts well By T h e E d i to r s matt collins H appy days are here again for the embryonic stem cell (ESC) research community, or at least they should be.

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[Magazine] Scientific American. Vol. 300. No 6


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