Word: summiteer
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Earlier this week, treasury secretary Tim Geithner sat down with TIME managing editor Rick Stengel at an economic summit hosted by Time Warner in New York City to discuss the outlook for the economy and President Obama's overhaul of the financial regulatory system. Later, the Secretary answered additional questions about the new financial rules and regulations. Some excerpts...
...Russia Planning for A Post-U.S. World Russian President Dmitri Medvedev hosted the first summit of the world's largest emerging economies to discuss efforts to reduce their reliance on the U.S. The so-called BRIC states--Brazil, Russia, India and China--are forecast to become four of the six biggest economies in the world by 2050. The group, which holds some 40% of the world's gold and hard-currency reserves, has announced plans to shift some out of U.S. dollars. "There can be no successful global currency system," said Medvedev, "if the financial instruments used are denominated...
...have that luxury. Zelaya is a member of the club of left-wing Latin American leaders - and its honcho, Venezuelan President Hugo Chávez, has already deemed this a hemispheric crisis that will challenge the new north-south bonhomie President Barack Obama established two months ago at the Summit of the Americas in Trinidad. Less than an hour after Honduran military aircraft had whisked Zelaya into apparent forced exile in Costa Rica, Chávez was accusing the CIA of having a hand in his ouster. "The Yanqui empire," he said, "has much to do" with what he called...
...very least the bill's passage will help American negotiators at the upcoming U.N. climate summit in Copenhagen, where the world will try to put together a successor to the expiring Kyoto Protocol. Speaking with Obama at the White House today, German Chancellor Angela Merkel said that the bill represented a "sea change" for the U.S., so long a world pariah on climate change. "I would not have thought it possible a year ago," she added. But the bill's emissions cuts still fall far short of what the European Union has proposed, and are even further away from...
...with a summit between Obama and Russian President Dimitri Medvedev scheduled for July 6-8, others posit that perhaps the retrial is a real quest for justice, however misguided. "There may be recognition in the government that the failure to hold someone to account for the murder of Politkovskaya is a glaring omission - and there should be accountability for such crimes, but within the bounds of fair trial protections," Allison Gill, director of Human Rights Watch in Russia, tells TIME. "It might be that the Kremlin wants to show that they want to get the job done." (See pictures...