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FINANCIAL TIMES CHIEF DECLARES ‘NEW WORLD ORDER’ AS POWER SHIFTS TO CHINA AT G20 MEETING

DURING TONIGHT’S LIVE BROADCAST OF CNBC WORLD’S ‘SQUAWK BOX EUROPE,’ FINANCIAL TIMES EDITOR LIONEL BARBER DECLARED THAT WE ARE NOW LIVING IN A ‘NEW WORLD ORDER’ WHERE THE ‘GROUP OF 20’ (G20) COUNTRIES WILL BE MAINLY FOCUSED ON WHAT CHINA WILL DO, INSTEAD OF THE UNITED STATES, IN SOLVING THIS FINANCIAL CRISIS. HE OFFERED THE IDEA THAT THE G20 OUGHT TO BE REFERRED TO AS THE G2 WITH THE U.S. AND CHINA BEING THE TWO HEGEMONIC POWERS…

FT Editor Lionel Barber interviews China’s Premier Hu Jintao

TEN-THOUSANDS PROTEST IN START OF ‘SUMMER OF RAGE…”

OBAMA MEETS BROWN FOR TALKS (VIDEO)…

OBAMA PREACHES GLOBAL ‘UNITY’ IN INTERVIEW WITH FT…

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Filed under: Economics, Politics, World, , , , , , , , , , , , , , , , , , , , , , , ,

Obama in Monday’s FT Interview: World Needs to Promote ‘Unity’

PAPER: In comments that appear to diverge from recent remarks by Ms Merkel, who has all but ruled out more deficit spending in Germany, Mr Obama said: “With respect to the stimulus, there is going to be an accord that G20 countries will do what is necessary to promote trade and growth.”

He added: “The most important task for all of us is to deliver a strong message of unity in the face of crisis…”

Filed under: Media, Obama, , , , , , , , , , , , , , , , , , , , ,

Abortion Ads Now on Television as Teen Pregnancies Soar

PAPER: Abortion clinics are to be allowed to advertise on television and radio for the first time. Condom manufacturers will also be permitted to broadcast advertisements at any time of the day or night…

Girls Now Able to Request Morning-After Pill by Text Message in School…

Filed under: Media, World, , , , , , , , , , , , , , , , , , , , , , , , , ,

European Union President Says Obama Stimulus is The ‘Road to Hell’

The head of the European Union slammed President Barack Obama’s plan to spend nearly $2 trillion to push the U.S. economy out of recession as “the road to hell” that EU governments must avoid.

The blunt comments by Czech Prime Minister Mirek Topolanek to the European Parliament on Wednesday highlighted simmering European differences with Washington ahead of a key summit next week on fixing the world economy…

eurpres

Filed under: Economics, Obama, World, , , , , , , , , , , , , , , , , , , , , ,

Schoolgirls Now Able to Request Morning-After Pill by Text Message

PAPER: Schoolgirls will be able to request the morning-after pill by text message to their school nurse as part of a scheme being introduced this year.

Six schools in Oxfordshire are to take part in the project after a rise in the number of teenage pregnancies in the county…

Filed under: Media, , , , , , , , , , , , , , , , , , ,

Euro Central Bank President Trichet Says Deflation Won’t Hit Euro-Area, No Fiscal Stimulus

European Central Bank President Jean-Claude Trichet spoke to the Wall Street Journal and was quite reluctant to acknowledge some of the 16-nation currency bloc’s financial problems. He said that Europe does not need to use fiscal policy as liberally as the United States has.

He took some shots at the global financial community, stating that it is unjustified to criticize Europe for its lack of conviction in battling this crisis. Nonetheless he did offer his own critique of the U.S. situation, stating that the U.S. should be ‘quick’ on implementing a rescue plan and on settling on a final budget.

As far as monetary policy is concerned he said that zero interest rates would not be “appropriate” and that there are “drawbacks” to such a policy. He did, however, acknowledge the obvious, that the economic trend remains “downward.” While he did not give any specifics as to his ideal interest rate target, he did suggest that the bank could lower rates below the current 1.5% mark. Nonetheless, despite the difference in approach taken by the Federal Reserve and the ECB, central banks are not in a “race,” he noted.

Ultimately, he has confidence in the experts that say that deflation will not hit the Euro-Area.

We could see the Euro rally as the news of this interview disseminates among the public. As dwarfed expectations of deflation loosen the notion of a zero-interest rate policy, those seeking yield may send their money to Europe and hence prop up the 16-nation currency.

– LG

Filed under: Global Economics, World, , , , , , , , , , , , , , , , ,

Photo Allegedly Shows Putin as KGB in Disguise During Reagan Visit


Filed under: Humor/Irony, Politics, World, , , , , , , , , , , , , , , ,

RUSSIA TO REARM IN 2011 TO ‘INCREASE COMBAT READINESS’

“Mr Medvedev said the primary task would be to “increase the combat readiness of [Russia’s] forces, first of all our strategic nuclear forces”.
Explaining the move, he cited concerns over Nato expansion near Russia’s borders and regional conflicts…”

Russia Faces Risk of ‘Significant Conflict…’

‘We now have all the necessary conditions…’

Obama ‘Ready’ to Give Up Polish Missile Shield…

Filed under: Politics, World, , , , , , , , , , , , , ,

Europe Refuses Additional Stimulus Measures

“European ministers said on Monday they had no plans to add to recent fiscal stimulus packages despite calls from the US for radical expansions in government action to boost ailing economies.

Meeting in Brussels, finance ministers from the countries in the eurozone said they wanted first to see the effect of stimulus packages that had been passed. Peer Steinbrück, the German finance minister, said: “We are not debating any additional measures.””

Filed under: Global Economics, World, , , , , , , , , , , , ,

JPMorgan’s Rating Outlook Slashed by Moody’s

JPMorgan Chase & Co., a commercial and investment bank that was once thought to be one of the most stable, had its rating outlook cut to negative by Moody’s Investor Service after trading ended today. Indeed, the bank which purchased Bear Stearns after it had essentially failed last March and who purchased Washington Mutual after the FDIC had placed it into receivership was once seen as a beacon of banking stability. Now, with the expectation that the financial institution will be hit with bad loans and credit defaults, the lender’s status is in danger.

The news of this release may spark volatility in equity markets throughout European and U.S. trading. As such, those pairs which have been estimated to be vehicles for risk aversion, the U.S. Dollar against the Euro for example, may see their respective price action push full steam ahead.

– LG

Filed under: Economics, , , , , , , , , , , , , , ,

RACISIM: U.S. Refuses to Attend U.N. Racism Conference as Anti-Semitism Rises

U.N. Official Stance Anti-Semitism as Racism…

France and Netherlands Concerned Over U.N. Agenda…

STATE DEPARTMENT: Document  “UNSALVAGEABLE”…

Filed under: Obama, World, , , , , , , , , , , , , , ,

Euro Monetary System Risks BREAKUP As Unemployment Soars Higher Than Expected

FIRM EARNING $500M BETTING AGAINST MORTGAGE SECURITIES SEES EURO MONETARY SYSTEM ENDING…

Unemployment Rises to 8.2% With Forecasts Seeing 8.1%…

Filed under: Global Economics, World, , , , , , , , , , , , , , ,

BOMB: 8 British Muslims Tried For Bomb Plot

A MOST DEADLY PLOT OF UNPRECEDENTED SCALE

To be detonated by suicide-bombers

The 8 Bomb Accused of Terrorist Attempts

The 8 Bomb Accused of Terrorist Attempts

Filed under: Crime, Obama, World, , , , , , , , , , ,

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