Obama urges changes to stalled world trade talks

BP denies Hayward to resign
AFP BP has denied that its embattled chief executive Tony Hayward was set to resign over the Gulf of Mexico Oil Spill, after revealing that the crisis has so far cost $US2.65 Billion ($A3 Billion). Russian Deputy Prime Minister Igor Sechin, preparing to meet Hayward on Monday, said the British boss was to resign and present a successor, Russian news agencies reported. However, a BP company spokeswoman insisted Hayward was not stepping down. "Tony Hayward remains chief executive and is not...

Remarks by President Obama at G-20 Press Conference in Toronto, Canada
6:03 P.M. EDT THE PRESIDENT:  Please, everybody, have a seat.  Good evening.  I want to thank our wonderful hosts —- first and foremost, my friend and partner, President Harper, as well as the Canadian people, and the people of Toronto, for their extraordinary hospitality.  The success of these summits —- the G8 in Muskoka and the G20 here in Toronto -— is a tribute to Canadian leadership.  I also want to thank my fellow leaders for the sense of purpose...

Bad-call blues: FIFA urged to allow video replay
Johannesburg (AP) - Tennis does it. Baseball does it. Even American Football and hockey do it. So why not Soccer, too? After two blown calls at vital moments of vital Games in the World Cup, the guardians of international Soccer are being pressed harder than ever to explain their resistance to video replay and their embrace of Human Error. The clamor for change spread around the World Monday, after many millions of TV viewers over the weekend saw England deprived of a clearly valid goal 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...

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 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...

President Alfred E. Obama:Our worry-free chief exec
Observing President Obama's relentlessly reckless approach to our nation's fiscal integrity is reminiscent of the signature phrase of Mad magazine's Alfred E. Neuman, "What, me worry?" Obama struck again last week at the G-20 conference in Toronto, urging other nations to follow his Pied Piper lead into Deficit-spending hell. Unlike recent U.S. presidents who recognized and touted this nation as the world's exemplar for Economic Growth and prosperity, Obama is turning us into a poster nation...

10 alleged Russian secret agents arrested in US
Washington -- The FBI has Arrested 10 people for allegedly serving for years as secret agents of Russia's Intelligence service, the SVR, with the goal of penetrating U.S. government policymaking circles. According to court papers unsealed Monday, the FBI intercepted a message from SVR headquarters, Moscow Center, to two of the defendants describing their main mission as "to search and develop ties in policymaking circles in US." Intercepted messages showed they were asked to learn...

US arrests alleged Russian spies
US authorities have arrested 10 people for allegedly serving for years as deep cover secret agents of Russia's SVR intelligence agency, with the goal of penetrating US government policymaking circles. According to Court papers unsealed on Monday, the FBI intercepted a message from SVR headquarters in Moscow to two of the defendants, describing their main mission as "to search and develop ties in policymaking circles in US". They were to "become sufficiently 'Americanised' such that they could...

Toronto puts finishing touches on G20 preparation
Toronto (Reuters) - Ten days before world leaders arrive for two international summits, a ring of steel and concrete is slowly sealing off the center of Toronto, offering a secure bubble in case peaceful Protests get out of hand. The fence, with tight links of hard steel atop heavy concrete barriers, is part of a $1 Billion security plan to shield leaders from clashes like the 1999 "Battle of Seattle" that disrupted trade talks there, or Tear Gas heavy Protests when Canada hosted the Summit of...

Airbus calls for trade talks in US-EU plane fight as WTO ruling on loans looms
Geneva — Airbus called Monday for talks between the United States and the European Union to end the trans-Atlantic fight over Subsidies to Aircraft manufacturers, saying it was the only way to end the costly six-year dispute. The call came as the World Trade Organization prepares to publish its ruling Wednesday on a complaint brought by Washington that European governments illegally loaned Airbus Billions to develop Aircraft, including its flagship A380 superjumbo. Airbus spokeswoman...

Airbus calls for trade talks as WTO ruling looms
Geneva — Airbus called Monday for talks between the United States and the European Union to end the trans-Atlantic fight over Subsidies to Aircraft manufacturers, saying it was the only way to end the costly six-year dispute. The call came as the World Trade Organization prepares to publish its ruling Wednesday on a complaint brought by Washington that European governments illegally loaned Airbus Billions to develop Aircraft, including its flagship A380 superjumbo. Airbus spokeswoman...

Key Dem chides Obama over Korean trade agreement
The head of a group of House Democrats opposed to Free Trade needled President Barack Obama for pushing ahead on such an Agreement with South Korea. Rep. Mike Michaud (D-Maine), the head of the House Trade Working Group, condemned the Free ~#~6~#~ Agreement Obama said this past weekend he would push lawmakers to pursue this year. "This is another flawed NAFTA-style Trade Agreement negotiated by the Bush Administration for the benefit of big corporations and at the expense of the American...

Spy chief’s remarks about foreign infiltration wrong, senior Tory says
A senior Conservative MP says he is “very disappointed” with CSIS head Richard Fadden’s Controversial remarks about foreign Governments wielding too much influence over Canadian politicians. Alberta MP Deepak Obhrai, who regularly speaks on behalf of the Government in the House of Commons as parliamentary secretary to the Foreign Affairs Minister, became visibly agitated Monday in Toronto when asked for his reaction to what Mr. Fadden said in a recent CBC interview. In that...

G-20 Focuses on Debt Reduction
By BOB DAVIS Toronto—The wealthiest of the Group of 20 Countries said they would halve their Government Deficits by the Year 2013 and "stabilize" their Debt loads by 2016, a signal to international markets and domestic political audiences they are taking seriously the need to wean themselves from Stimulus Spending. Communiqué: Toronto's Conclusion Read expert analysis on the document released Sunday. View Interactive G-20 Toronto Summit View Slideshow European Pressphoto...

European businesses say China's unpredictable rules enforcement drags confidence
Beijing — A European business group said increasingly unfair treatment of foreign companies by China's Government is making the country a less attractive place to do business and warned Tuesday that some might leave. "The Chinese authorities in general should not take the presence of European companies for granted," said Jacques de Boisseson, president of the European Union Chamber of Commerce in China, at a news Conference. Beijing faces mounting complaints that it is violating the...

Harper on the G20: Toronto’s pain, the world’s gain
P rime Minister Stephen Harper acknowledges that the G20 summit was an inconvenience to Torontonians, but says meetings like the one that took place in Canada’s largest city this past weekend are the only way world issues move forward. “Somebody told me when I first became Prime Minister – somebody who knew a little bit about the job – told me that even though the government of Canada is large and complex and there’s hundreds and even thousands of people working on...

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

G-20: Only Stimulus is Security Tab
Good Evening: With global market participants continuing to pay more attention to sporting events like the World Cup and Wimbledon than to political events like the G-20, U.S. stocks were fairly quiet for a second straight day today. Some investors had hopes the G-meetings (G-8 & G-20) over the weekend in Toronto would bring forth fresh policy guidance from World leaders, but the squawking, er, Debates about the need for Economic Stimulus yielded little. The Obama Administration would...

G8 drops WTO talks deadline
AFP Leaders from the World's eight foremost industrialised Countries have abandoned a pledge to finish long-running Trade negotiations by the end of the year. Leaders said they would push ahead with World Trade Organisation talks - which have been stalled over agricultural Subsidies and the Free Trade in services - that were aimed at boosting the standing of Developing Countries. But Saturday's text was stripped of a deadline seen by many as impossible to meet. "G8 members of the WTO renew...

G20 Protesters Being Abducted, Bundled Into Unmarked Vans In Toronto
Repeat of scenes from 2009 G20 meeting in Pittsburgh as Martial Law drills continue Steve Watson In a repeat of scenes witnessed at last year's G20 meeting in Pittsburgh, Protesters in Toronto are being abducted off the streets and bundled into unmarked vehicles which are driven away at high speeds. Several videos show Police tackling Protesters to the ground, cuffing them and then handing them over to unidentified casually dressed individuals who shove the demonstrators into unmarked black...

How do other nations balance their trade? Try Germany
As America continues to contemplate its Trade mess, the question naturally arises how other developed nations manage to Trade with the world without Deficits and without turning high-wage industries into low-wage industries to compete. Although some other developed nations, like Britain and Spain, have Trade situations almost as bad as ours in recent years, some have been quite the opposite. Germany is perhaps the best case in point, as this Montana-sized country of 82 million people was the...

Britain's Labor Party plots a return to power
Reporting from Peasedown St. John, England — The last time Britain's Labor Party was banished to the political wilderness, it wandered there, chastened and weak, for 18 years. This time, Party stalwart Frances Butt doesn't expect such a long exile. Get dispatches from Times correspondents around the globe delivered to your inbox with our daily World newsletter. Sign up » "I don't feel quite as depressed about this, because in my mind, it's only temporary," Butt, 66, said of the...

Japan says alleged North Korean sinking of SKorean warship threat to Asia
Toronto — Japan is calling North Korea a threat to Asia and urging world leaders to issue a strong condemnation over an international finding the North sank a South Korean warship. A Japanese spokesman said Friday that new Japanese Prime Minister Naoto Kan told his counterparts from Canada and Germany attending a global economic summit in Toronto that North Korea's alleged torpedo attack is a "threat to the peace and stability of the region." Spokesman Kazuo Kodama says Kan wants summit...

Airbus calls for trade talks in US-EU plane fight as WTO ruling on loans looms
Geneva — Airbus called Monday for talks between the United States and the European Union to end the trans-Atlantic fight over Subsidies to Aircraft manufacturers, saying it was the only way to end the costly six-year dispute. The call came as the World Trade Organization prepares to publish its ruling Wednesday on a complaint brought by Washington that European governments illegally loaned Airbus Billions to develop Aircraft, including its flagship A380 superjumbo. Airbus spokeswoman...