Word: summiter
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...this week's sojourn to England, France, Germany, the Czech Republic and Turkey is the President's first real chance to reset America's relationship with the global community. And while there's a chance that Obama's foreign tour might be overshadowed by recession-related news at home - summit meetings aren't as juicy as excessive Wall Street bonuses - he'll at least be further afield than the Panama Canal, the site of the first foreign trip by a sitting U.S. president, Theodore Roosevelt...
...major new deficit spending by wealthy countries, have encountered resistance from his counterparts around the world. Here is a look at four of the biggest challenges facing Obama as he heads overseas on his first major foreign trip, and how he plans to handle them. (Read "The G-20 Summit: Can This Group Save the World Economy...
...many allies, both in Europe and beyond, to request specific aid. "We are making very specific asks," said Michelle Flournoy, an Under Secretary of Defense for Policy, who has been working on the Afghanistan plan. Obama plans to make a public pitch for international aid both at the NATO summit in Strasbourg on Friday and at the European Union summit in Prague on Saturday...
...those attending the G-20 summit in London this week want a quick lesson on how economic booms can turn into busts and how grandiose bets on real estate plays can get you into trouble, they would do well to learn the lesson of their surroundings. The summit of leaders from 19 of the world's key economies will be held in London's docklands, just east of Canary Wharf, a real estate megaventure conceived on industrial wasteland in Britain's go-go 1980s. By the time the first part of the project was completed in the early 1990s, Britain...
...same has happened to the global economy. In the hangover of a credit binge fueled by about a trillion too many real estate dreams, the International Monetary Fund (IMF) predicts that this year will be the first since 1945 to see a contraction in world economic output. The London summit is designed to both ameliorate the present crisis and try and head off future ones. (See pictures of the global financial crisis...