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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: LLCF who wrote (365449)	4/16/2008 6:15:27 AM
From: maceng2	Read Replies (1) of 436258

Brown to meet Wall Street bankers (btw my J5P job is "safe for the next few months". Kool eh? -g-... pb ) news.bbc.co.uk Mr Brown left for the US from Heathrow on Tuesday Prime Minister Gordon Brown will urge Wall Street bankers to reveal their financial losses quickly during his three-day trip to the United States. Mr Brown believes the move is necessary to help end a global credit crunch. He will begin his stay by having breakfast at the United Nations with Secretary-General Ban Ki-moon. The prime minister will also be meeting President George W Bush and Federal Reserve chief Ben Bernanke to discuss problems with the world market. Later in the week Mr Brown plans to meet presidential hopefuls Barack Obama, Hillary Clinton and John McCain to talk about bilateral relations between Britain and the US. 'Evolving cultures' The start of his trip was somewhat overshadowed in the US by the visit of Pope Benedict XVI, who was greeted by the president and cheering crowds on his first official trip to the US. Mr Brown told the Wall Street Journal of plans to capitalise on English's dominance as the international language, with the British Council and American organisations offering to help anyone in the world who wanted to learn to speak it. He also spoke of "expanding faculty and research exchanges" between British and American universities. Gordon Brown interview about UK economy In an article for the Wall Street Journal, Mr Brown said: "I propose that together Britain and America strive to make the international language that happens to be our own far more freely available across the world." He added: "America and Britain are separated by the thousands of miles of the Atlantic and by our differing and always evolving national cultures. "Yet there is still far more that unites us than can ever divide us. "I believe that the future of our relationship can, if we choose, deliver far more even than it has achieved in its past. Not just for both our nations, but for the world too." Meanwhile Mr Brown has said he will not be diverted from the "right long-term decisions" for the UK's economy even if they are "unpopular in the short term". The prime minister told the BBC he wanted to show people worried about homes and jobs the economy was "safe for them over the next few months". He was speaking after a Downing Street meeting with bank chiefs, shortly before he left for America, to discuss ways to boost confidence in the housing market. The Bank of England has also put £15bn more into the banking system. The move is an effort to improve liquidity in the financial markets. It has now injected more than £50bn since the start of the credit crisis, which was sparked by massive losses for banks who lent in the US sub-prime sector. Chancellor Alistair Darling is to hold separate talks with mortgage lenders next week. Conservative leader David Cameron accused Labour of having "wasted money on a gargantuan scale". Lib Dem leader Nick Clegg said the banks should only be granted extra liquidity if they agreed to reform.

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