British PM Faces Off Against Obama at G20

Vandalism, violence, and deficit reduction: Thoughts on the G20 Summit in Toronto
By Michael J.W. Stickings I spent the past several days well away from Toronto's downtown core, well away from the G20 Protest areas, well away from the security net that effectively divided the city into two. I used to live downtown, near the University of Toronto, and I still work downtown, in a high-security area, but I now live in the suburbs east of the city. I didn't ignore what went on, though. I couldn't. It was all over the news, scenes of a Police Car on fire, of Protesters...

Obama vs. the Allies
Rich Lowry A specter is haunting the world: the specter of Canada. To hear President Obama's supporters tell it, Canadian Prime Minister Stephen Harper is a one-man economic wrecking crew. He led the charge at the G-8 Summit to endorse the goal of advanced nations cutting their Deficits in half by 2013. Obama only reluctantly went along, warning of the ill effects of what the intellectual architects of his Stimulus package plaintively call "premature Austerity." This dreaded Austerity has...

Stocks slide on renewed fears of global slowdown
NEW YORK (AP) - Stocks and Interest Rates tumbled Tuesday after signs of a slowing Global Economy spooked traders. The Dow Jones industrial average fell more than 240 points in morning trading to fall below 10,000 for the first time since June 10. The Dow and other major indexes each lost more than 2 percent. Stocks began the day by following Asian and European Markets lower. Asian Exchanges fell after economic figures in Japan signaled that the nation's recovery has slowed. And then European...

Stock futures tumble on global economic worries
NEW YORK (AP) - Stock futures and Interest Rates tumbled Tuesday after fresh signs of a Global economic slowdown spooked investors. Asian Markets tumbled overnight when Japanese data showed its country's recovery slowed and China's Market was hurt by an initial public offering that pulled investors away from the rest of the Market. European indexes opened sharply lower after Greek workers again walked out of their jobs to Protest steep Budget cuts. Interest Rates fell in the Bond Market as...

Read the Group of 20's final statement
T HE G-20 Toronto SUMMIT DECLARATION June 26-27, 2010 Preamble 1. In Toronto, we held our first Summit of the G-20 in its new capacity as the premier forum for our International Economic cooperation. 2. Building on our achievements in addressing the Global ~#~3~#~ Crisis, we have agreed on the next steps we should take to ensure a full return to Growth with quality Jobs, to Reform and strengthen Financial Systems, and to create strong, sustainable and balanced Global Growth. 3. Our efforts...

Okada negative about G-8 expansion to include China+
Tokyo, June 29 (AP) - (Kyodo)—Foreign Minister Katsuya Okada on Tuesday expressed a negative view about expanding the Group of Eight forum to include China as a member, saying the forum should maintain its principle of bringing together "developed countries that share the same (democratic) values." Prime Minister Naoto Kan proposed during a working dinner of G-8 leaders in Canada on Saturday that the forum invite China "in some cases" to help make Beijing more responsible in the...

Stocks plunge on global jitters
NEW YORK (CNNMoney.com) -- Stocks plunged at the open Tuesday, following a sharp drop in Asian shares overnight, amid concerns about the outlook for the Global Economy. Dow Jones industrial average ( INDU ) dropped 197 points, or 1.9%, in the first 22 minutes of trading. The S&P 500 ( SPX ) slid 22 points, or 2.1%, and the NASDAQ ( COMP ) Composite fell 58 points, or 2.6%. Stocks ended a choppy session slightly lower Monday after world leaders pledged to cut public Deficits over the next...

G20 Plans One Foot On The Brake, The Other On The Gas Pedal. Will They Blow Up The Global Economy?
You really can't blame them for not listening . After all, the U.S. is caught up in Deficit fever, too - a cyclical illness that occurs only when we have a Democratic president or Democratic control of the House. The only thing that worries the Villagers is when the Government spends money on the people who gave it to them: Toronto -- President Obama warned Sunday that the world Economic Recovery remains "fragile" and urged continued Spending to support growth, an expansionist call at the end...

Reports of G8’s death greatly exaggerated
I t’s become conventional wisdom that the G8 is on its death bed. Kept alive by a stubborn Stephen Harper. To be put out of its misery by Barack Obama before the 2012 meeting — after one more Summit next year in France. However, in Monday’s edition of Le Devoir, Italian Prime Minister Silvio Berlusconi is quoted as saying that “a unanimous decision was taken [by G8 leaders in Canada] to continue with the [separate G8) meetings.” And, in its Tuesday edition, the...

Commentary: Afghan quagmire
Washington, June 29 (UPI) -- "The Endless Game" cartoon in the Financial Times showed U.S. President Barack Obama and a Taliban insurgent batting back and forth a coffin-shaped projectile over the smoking ruin of a building. Another in the International Herald Tribune has U.S. Army Gen. Stanley McChrystal boarding a U.S. transport as an Afghan soldier waves goodbye. Atop a nearby mountain, one Taliban fighter says to another, "THE PULLOUT HAS BEGUN!" The two Newspapers are the world's most read...

David Cameron's agony and ecstasy | Simon Hoggart's sketch
David Cameron came back from the G20 and G8 summits in Canada, and like all Prime Ministers before him explained how world leaders had agreed with everything he said. "Why, the scales have fallen from our eyes, Prime Minister!" " that was the gist of what Messrs Obama, Sarkozy, etc told him. But it wasn't all fun. "I suffered the exquisite agony of watching England lose 4-1 to Germany in the company of my good friend Angela Merkel and the German summit team." Well, it's his own silly fault....

Why Obama is Sabotaging U.S. Economic Growth
They do not want the United States of America to drive Global Growth anymore. If the Financial Reform Bill passes, the bad Wall Street will win, the good Wall Street will not. And investors and American

Second Amendment Decision Cheered By ... Democrats?
The follow-up Supreme Court decision to Heller that was handed down yesterday marked a significant point in Second Amendment history. And that has not just Gun-rights advocates jumping for joy, but also Democrats : For them, the Court's groundbreaking decision couldn't have been more beneficial to the cause in November. Now, Democratic Candidates across the map figure they have one less issue to worry about on the Campaign Trail. And they won't have to defend against Republican...

Kansans for Life Endorses Patricia Lightner for Republican Congressional Primary
Kansans for Life Endorses Patricia Lightner for Republican Congressional Primary Topeka, KS (LifeNews.com) -- The Kansans for Life Political Action Committee has endorsed Patricia Lightner in the Republican Primary race for the Kansas 3rd U.S. Congressional seat. KFL Executive Director Mary Kay Culp told LifeNews.com that Pro-Life advocates in Kansas should consider supporting her. "Although there are many Pro-Life Republican Candidates running in the 3rd district...

Steady Decline Through 2060?
What type of legacy are we leaving our kids? Will we leave them so burdened with overwhelming Debts and Deficits so as to strangle and choke off real opportunities? While Uncle Sam is able to play charades in an ever increasing and dramatic Fashion, Sam’s smaller brethren at the state and local levels do not have those capabilities. On that note, let’s look westward. I wrote in May 2009, “As California’s Economy Goes, So Goes the Country.” Along the same line,...

Deficit worries trump fears of new recession at G20 summit (McClatchy Newspapers)
Toronto - Still concerned about slipping back into Recession, world leaders signaled Sunday they have a new fear — that the Deficit spending they used to stimulate growth could produce a crippling Debt crisis that also could stagger the world Economy . They pledged Sunday to cut Deficits in half within three years, their fear of Debt outweighing warnings from President Barack Obama that cutting back too quickly risks starving The Economy just as its starting to recover. The leaders...

Kudlow, Forbes Debunk Krugman's 'Third Depression' Call
It's hard to imagine an Economist being provocative, but Paul Krugman, a Nobel Prize winner, has managed to do so. In his June 28 New York Times op-ed , Krugman argued that since governments around the world aren't willing to double-down on Keynesian policies meant to stimulate the Global Economy, the United States and the rest of the world are facing a third depression. But on CNBC's June 28 "The Kudlow Report," host Larry Kudlow asked if Krugman's premise were true, how come none...

Kudlow, Forbes Debunk Krugman's 'Third Depression' Call
It's hard to imagine an Economist being provocative, but Paul Krugman, a Nobel Prize winner, has managed to do so. In his June 28 New York Times op-ed , Krugman argued that since governments around the world aren't willing to double-down on Keynesian policies meant to stimulate the Global Economy, the United States and the rest of the world are facing a third depression. But on CNBC's June 28 "The Kudlow Report," host Larry Kudlow asked if Krugman's premise were true, how come none...

The World from Berlin: G-20 Agreement 'Contains More Empty Words than Substance'
Chancellor Angela Merkel hailed the outcome of the G-20 summit in Toronto as an unexpected success, but just how meaningful is the rich countries' pledge to cut their Deficits? German commentators are skeptical about the significance of the meeting's outcome but defend the G-20 format. German Chancellor Angela Merkel was able to celebrate a double victory at the end of this weekend's G-20 summit in Toronto. Not only had Germany beaten England at the World Cup, but the Europeans had succeeded...

Early Morning Swim: Chris Hayes and Dean Baker Discuss Paul Krugman's Depression Warning
The Shrill One, yesterday . We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost - to the world Economy and, above all, to the millions of lives blighted by the absence of jobs - will nonetheless be immense. And this third depression will be primarily a failure of policy. Around the world - most recently at last weekend's deeply discouraging G-20 meeting ...

Stock futures tumble on global economic worries
NEW YORK (AP) - Stock futures and Interest Rates tumbled Tuesday after fresh signs of a Global economic slowdown spooked investors. Asian Markets tumbled overnight when Japanese data showed its country's recovery slowed and China's Market was hurt by an initial public offering that pulled investors away from the rest of the Market. European indexes opened sharply lower after Greek workers again walked out of their jobs to Protest steep Budget cuts. Interest Rates fell in the Bond Market as...

Stock futures sharply lower, interest rates tumble on concerns about economic slowdown
NEW YORK — Stock futures and Interest Rates tumbled Tuesday after fresh signs of a Global economic slowdown spooked investors. Asian Markets tumbled overnight when Japanese data showed its country's recovery slowed and China's Market was hurt by an initial public offering that pulled investors away from the rest of the Market. European indexes opened sharply lower after Greek workers again walked out of their jobs to Protest steep Budget cuts. Interest Rates fell in the Bond Market as...

Stocks poised to drop
LONDON

How Canada made the G20 happen
P aul Martin sat in Lawrence Summers' spacious office in the Greek-columned U.S. Treasury building in Washington, searching in vain for a piece of paper. With none in sight, the two men grabbed a Brown Manila envelope, put it on the table between them, and began sketching the framework of a New World Order. It was April 27, 1999. For the past five years, the Global Economy had shuddered under a string of massive Debt defaults – first in Mexico, and then in Southeast Asia and Russia. In...

G20 Wrap-up: What happened? Part 1: The Money
Image by Getty Images North America via @daylife So now that the G20 is over, the lasting images will no doubt be of the violence and Vandalism in downtown Toronto, and most likely little of what the summit accomplished. The intended sound bite that leaders hoped would be heard through the din of the self-styled Anarchists and reciprocal police crackdown, was that the G20 nations had committed to cut their national Deficits in half by 2013 and stabilize overall Debt by 2016. Canadian Prime...