Can the G-20 Save the World?

Can the G-20 Save the World?

Postby CielOnTap on Mon Mar 30, 2009 2:17 pm

03/30/2009
A SUMMIT AT THE ABYSS
Can the G-20 Save the World?
By SPIEGEL Staff

All eyes are on London this week as leaders from the world's leading economies gather to find a way out of the growing financial crisis. But tensions are growing between the US, Europe and China, and a common course has so far proven elusive.

It is an important test for the new US president. During his campaign, Barack Obama promised fundamental change, pledged to steer a determined course in combating the global economic crisis and said he would seek greater international cooperation. It was, he said, to be a "New Deal."

This week, an important international summit meeting is about to begin, and the time has come for Obama to demonstrate that he can deliver on his promises. At their meeting in London, the representatives of the world's leading industrialized nations will discuss the global recession, a financial industry in disarray and a sharp drop in world trade. http://www.spiegel.de/international/world/0,1518,616269,00.html

The introductory line preceding the headline is gold. How many summits does it take for the world leaders to realize that to save money, they should have teleconferences (everyone has the technology)? Whenever the summits occur, protesters get arrested under some security law that basically allows abuse of rights. Whole neighbourhoods go on security lockdown. President Obama saw that happen to Washington for his inauguration.

Last November, there was a summit. Canada will host a summit next year. Summits are over.
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Re: Can the G-20 Save the World?

Postby fishandchips on Mon Mar 30, 2009 5:42 pm

The economy version of a summit-sleepover at a relative's house and eat-in or write a letter or use e-mail. Have the leaders do a potluck meal. That would be a new way of breaking bread. Some leaders could use more walking time so they do not get out-of-breath.
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Re: Can da G-20 Save the World?

Postby fishandchips on Wed Apr 01, 2009 1:19 pm

Protestors in England are venting their anger against the G20 summit. Banks got public money, while people needing work or assistance are struggling. All it would take is one leader to say, no meeting this year, everyone is having financial difficulties.

Fine for a leader to dismiss corporate executives but leaders need to show their examples too. Worrying how the summit will go and what happens to the protesters. Videos will be on the news too probably.
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Re: Can da G-20 Save the World?

Postby smitty on Wed Apr 01, 2009 2:52 pm

It is fishnchips, well at least it is closer to noon a Pacific Coast Time. The so called big savers are at the meeting dreaming up different ideas while the protestors are actually camped on the streetsd to razing 'ell.

One has to wonder what will be the outcome for most are aiming at saving their own country, not the countries of others in the world at least in this time of life for most of us.

Especially when some countries are so different to also include Afghanistan that has brought up a new ruling on its women that is crippling them even more. Which should send most humans staggering in most Western Countries ESPECIALLY as he is counting of some other countries to do the police work to fighting for his political outlook & land plus steady hand-outs of money from Western Countries.

As Cdns we get a much better idea of what is going on in our Canada to that of the USA & not England or the other parts of the world.

Now one might take a dim fiew of the protestors over the past two yrs in England, but, so help me, if it was in Canada it would be just as extreme if not worse though lack in population. Canada has had to hide the place for such meetings, being in different parts of Canada & away from the city like mass of people.
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Re: Can da G-20 Save the World?

Postby CielOnTap on Wed Apr 01, 2009 2:59 pm

Canada has its share of protesters-there was a summit a year or two ago on the West Coast (Seattle had one not too long ago) -that showed up to protest the summit being held. It does not help that leaders use their citizens' funds to use their own police forces against the protesters. The news media have plenty of stories and photos and film for the day, but the journalists must not be too keen to get stuck in the crowds-element of risk of being struck by others.

Here's a German newspaper article on the G-20 meeting:

04/01/2009 DEBUT ON THE WORLD STAGE
Obama Goes on Charm Offensive in LondonBy Carsten Volkery in London

Diplomatic skill was the order of the day when Barack Obama made his first major appearance on the world stage. The US president arrived in London ahead of the G-20 summit to defuse conflicts, break down mistrust and revive contacts. And he still managed to look relaxed. When US President Barack Obama walked into 10 Downing Street on Wednesday, one could hear the applause from outside. The Obama phenomenon has arrived in the seat of the British government, the BBC correspondent commented.

It was a reverent reception that reflected the high expectations awaiting the US president at this week's G-20 summit. Together with the event's host, British Prime Minister Gordon Brown, and the rest of the gathered heads of government and state, he is to help come up with a collective strategy to confront the global economic collapse.

"You are the new hope for all the citizens of the world," Brown told his eminent guest during a press conference on Wednesday. Obama had already arrived in London the previous day for a series of bilateral negotiations ahead of the summit, in an effort to set the tone for the G-20 talks.

The top item on the president's agenda is avoiding conflict -- that much is clear. Even as French President Nicolas Sarkozy threatened internally that he would rather leave the summit early than agree to any "false compromises," Obama has adopted a more temperate tone. http://www.spiegel.de/international/world/0,1518,616869,00.html

Mr. Sarkozy was 2008's international politician in the news for his dual roles, among other stories. He retains a presence on the world stage. But France is a hot collar for him with strikes and boss-napping going on.
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Re: Can the G-20 Save the World?

Postby CielOnTap on Wed Apr 01, 2009 9:02 pm

Cartoons about the summit:

Image

Image
Two pillars of the world.
Photographer: "Uh, I cannot see the '20' well."
President Obama: "What '20'"?

Image
Economies in need.
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Re: Can the G-20 Save the World?

Postby dreamon on Thu Apr 02, 2009 9:39 am

This says it all:


Image



Greatest dilemma of the 21st century:

Image

The universe is big It's vast and complicated and ridiculous and sometimes, very rarely
impossible things just happen and we call them miracles
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Re: Can the G-20 Save the World?

Postby CielOnTap on Thu Apr 02, 2009 12:45 pm

Red-faced Harper misses G20 photo
Apr 02, 2009 12:33 PM
Les Whittington
Ottawa Bureau

LONDON – One of the memorable moments at any summit of government leaders comes when they all get together for a group photo, but Prime Minister Stephen Harper was nowhere to be seen for today's shoot.

Harper was slated to stand on the far right flank of the traditional summit picture, next to German Chancellor Angela Merkel.

An aide later explained that he was busy being briefed on the progress of the conference by Canadian officials. Asked if summit officials could Photoshop him in, the aide laughed: "That's a good question."

But within hours, it had flared into a bit of an international story. http://www.thestar.com/News/Canada/article/612344

The Guardian's live blog on the summit cited the disparaging tone of comments on a Canadian news website, in wryly noting: "Don't fancy the Canadian prime minster Stephen Harper's chances of re-election much after his ill-timed toilet break."

If it was nature calling, one has to heed the call. As for the re-election guess, that is what I had hoped would have happened last October but it was a surprise to find him back at the helm of government.
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Re: Can the G-20 Save the World?

Postby CielOnTap on Thu Apr 02, 2009 1:55 pm

Where is the money to come from? The countries are busy bailing out banks and other companies.

04/02/2009 G-20 IN LONDON
More Oversight and $1 Trillion for World Economy
On Thursday in London, the G-20 agreed to inject $1 trillion into the global economy and to significantly strengthen financial oversight. Chancellor Merkel called the agreement an "almost historic compromise."

On Wednesday, eyebrows were raised when German Chancellor Angela Merkel and French President Nicolas Sarkozy went before the press to demand in no uncertain terms that the G-20 do more to strengthen regulation of global financial markets. On Thursday, the two leaders appeared to be getting everything they asked for.

G-20 leaders, gathered in London this week to find a common response to the global economic meltdown, agreed to significantly tighten oversight of the global financial markets. Merkel and Sarkozy had rejected earlier drafts of the statement for lacking bite when it came to financial oversight. Now, the G-20 has agreed to the creation of blacklists of tax havens in addition to measures to tighten rules pertaining to hedge funds and credit rating agencies. An oversight body will also be created.

Chancellor Merkel praised the outcome of the summit for reaching a "very, very good, almost historic compromise." She said "we have agreed on the development of a clear financial architecture." http://www.spiegel.de/international/business/0,1518,617107,00.html

When do the citizens get to vote on the plans? How do tax havens get off of blacklists and is there an appeals process? Many questions here.
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Re: Can the G-20 Save the World?

Postby pretzels on Thu Apr 02, 2009 2:37 pm

Yes, show us the money. While people head to soup kitchens if they exist or spend time in soul-destroying social service lines to try to get assistance if no jobs exist, how are the 20 leaders expecting to finance the promise. Even China is edgy about all of its unemployed people.
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