Word: russias
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...countries with large dollar reserves, like China and Japan, to continue to invest in dollar assets to preserve the value of their holdings. Besides, replacing the dollar would demand a level of cooperation among the world's major economic powers that is difficult to achieve. Although China and Russia reiterated their calls for reform of the global currency system at last week's G-20 summit in London, the issue barely got any talk time. (See pictures of London protesting the G-20 summit...
...fact, it’s likely that international cooperation to extend humanity’s reach past Low Earth Orbit would help bring about peace here at home, especially given that the major space players would probably be our erstwhile enemies China and Russia. The International Space Station shows that international cooperation is possible, at least on a small scale. Rather than try to leapfrog so far past China that they’ll never catch us, we should instead co-opt them into our plans for planetary exploration and let them help cover costs. It?...
...emergency session on Sunday in New York, and in Prague, one stop of his European tour, Obama said Washington would consult with its allies. But that's about as far as the diplomacy will go. Diplomatic and intelligence sources in Seoul late last week acknowledged that neither China nor Russia - both permanent members of the Security Council - will agree to further sanctions. "The best [Seoul and Tokyo] can hope for is a statement from the Security Council that condemns the test," says Chol Jinwook, director of North Korean Studies at the Korean Institute for National Unification. (See pictures...
...best Obama can hope for now is to get North Korea to return to the six-party talks (hosted by Beijing and including South Korea, Japan and Russia.) Washington has tried to signal Pyongyang in advance of the launch that it was still interested in talking, "because," says one Western diplomat, "the big picture remains the same, missile or no missile: getting them to abandon their nuclear weapons program...
...stick to the missile shield plan. "It would be really sad if this intelligent guy who succeeded Bush, about whom no one had a high opinion, would barter Eastern Europe for a better image of the United States," Cerny says, worrying that Obama is drawing too close to Russia...