Mr. Fischer, a citizen of the United States and Israel, is a former vice chairman of Citigroup and is credited with stabilizing the Israeli currency and steering the country through the global financial crisis.
China's leaders, though still devoted to "reform and opening," are keeping tight control on the value of the currency while steering capital to powerful state-owned companies, concerned that freer markets could throw millions of peasants out of work.
Last week, France called for the European Central Bank (ECB) to consider setting a target for the single currency - steering it lower when the value became too high.
Think about it: You've got your own currency, your steering wheels are on the other side of the car and you drive on the other side of the road.
FRANKFURT — The head of the Swiss central bank unexpectedly resigned Monday, saying that doubts about currency trades he and his wife made last year threatened to undermine his ability to focus on steering the bank through a global financial crisis.
Steering Medi-Cal is like steering an oil tanker.
Refrain from steering the vehicle.
