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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (55447)9/24/2009 7:06:38 PM
From: Maurice Winn2 Recommendations  Respond to of 218074
 
Wow, Honduras is not the Switzerland of the Americas. Even allowing for bias in Wikipedia, there is plenty of mess and potential for more in Honduras.

Note to self = when seeking sunshine and heat, head for Cook Islands, Hawaii, San Diego, Montpellier.

Mqurice



To: carranza2 who wrote (55447)9/25/2009 3:25:52 AM
From: elmatador  Read Replies (1) | Respond to of 218074
 
G20 supplants G8 as crisis-fighting forum. We are satisfied, for the moment I mean.

G20 to play lead in global economy coordination - U.S.

IMF reform seen giving emerging economies bigger voice

U.S. Treasury's Geithner sees support for rebalancing

PITTSBURGH, Sept 24 (Reuters) - Leaders of the Group of 20 rich and developing nations will turn their club into the main body for coordinating economic policy, reflecting the rise of new heavyweights like China, officials said on Thursday.

At a G20 summit to discuss ways of avoiding a repeat of the financial crisis, the leaders also agreed to give more voting power at the International Monetary Fund to countries that have long been under-represented at the global financial watchdog.

The two-day summit convened with the United States pressing its plan to build a more stable global economy in the face of the near meltdown of the financial system in 2008 which plunged the world into recession.

Giving the G20 the main role for coordinating economic policy would make it more important than the G7 and G8 groupings of the industrialized countries which have long dominated the world's economy.

Two years of financial market turmoil, which began in the rich world, have enhanced the economic role of fast-growing countries such as China and India.

"Today, leaders endorsed the G-20 as the premier forum for their international economic cooperation," the White House said in a statement after a summit dinner. "This decision brings to the table the countries needed to build a stronger, more balanced global economy, reform the financial system, and lift the lives of the poorest."

G20 AS STEERING COMMITTEE

Earlier, British Prime Minister Gordon Brown said leaders would institutionalize the G20, which groups the major rich and developing countries, as the key economic steering committee.

"It's never really happened before. We've had the G8, we've had all these organizations. We've got this one chance to make a huge success of international economic cooperation," he said. Continued...



To: carranza2 who wrote (55447)9/27/2009 8:43:44 AM
From: elmatador  Read Replies (2) | Respond to of 218074
 
How Zelaya crisis will end. Brazil persuade Zelaya to take asylum in Venezuela
Actually Chavez was clever in getting Zelaya there. see how:

Petrobras and PdVSA had been unable to resolve differences on the troubled refinery project, with Petrobras vowing to complete construction on its own if an accord can't be reached. Talks were extended 90 days in May, when bilateral trade talks between the two countries took place.

The two companies have been wrangling for months over details of the multibillion dollar refinery project, which has been beset by cost overruns and allegations of overcharging.

Chavez gets Zelaya to go embarass Brazil and Brazil to get out of the mess agrees finally to sign the deal.

Brazil closes the deal for a USD12 billion refinery with Chavez.

online.wsj.com