Word: actioneers
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Maybe. The G-7 Finance Ministers and central bankers met in Washington this afternoon and issued what they called a plan of action, although it was a curiously action-free plan. In fact, the document they produced was only an opaque statement of principles, devoid of action. "We commit to continue working together to stabilize financial markets and restore the flow of credit, to support global economic growth," the statement said. No specifics were mentioned. They may be, over the weekend, away from the glare of global stock markets...
...officials were quick to back the nonaction plan. "Behind the principles are an expectation of action, just not a detailed plan for action," said a White House official. President Bush tried to put a positive face on things in a statement on the economy Friday morning, but all he could manage was to argue that through the international meetings, "the world is sending an unmistakable signal: we're in this together, and we'll come through this together...
...always fractious and inclined to inaction, may be unable to agree on what moves to make. Worse, it's not just the G-7 that's in the spotlight. The other pillars of 20th century international financial stability are meeting this weekend in Washington, and expectations for action by the International Monetary Fund, the World Bank and the G-20 are also low. The less the international organizations seem likely to do, the louder the cry for help becomes. "This is a financial crisis that is global and needs a global response," says Professor Helge Berger of the Freie Universitat...
...76—whose signature appears on the 2007 tax forms as the vice president and clerk of the A.D.—a man identifying himself only as Madden’s “representative” called The Crimson and threatened potential legal action...
...used antiterror legislation to freeze Landsbanki assets (these laws were simply "the most efficient mechanism available," a Downing Street spokesman explains), Iceland's Prime Minister Geir Haarde protested. "Not many governments would have taken that very kindly," he said. His counterpart in London appears unabashed. "We will take further action against the Icelandic authorities wherever that is necessary to recover the money," said Prime Minister Gordon Brown...