Word: summits
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...eyes are now on the G20 summit, to be held in London on April 2. "One way to shore up investor confidence and stop the wholesale sell-off would be to get a coordinated response from the G20," says Shearing. "The market is being driven by fear and panic right now, which is what happens in a crisis. They could open up funding for the region through tie-ins with central banks in Western Europe or make available an IMF crisis fund of $500 billion for emerging Europe during the downturn...
...ensure that Denmark will meet its Kyoto targets by 2012. (Denmark has to reduce CO2 emissions to 21% below 1990 levels, one of the most aggressive targets in the world.) The government says Denmark remains on track - and they'll need to be, as the host of the climate summit. "We'll be ready for Copenhagen," says Connie Hedegaard, Denmark's minister for climate and energy, who will host the meeting...
Denmark's own challenges are small compared to the gargantuan task of trying to get more than 190 nations to agree on new carbon-cutting targets. (Rasmussen, an avid cyclist, compares the Copenhagen summit to the Tour de France's punishing Alpe d'Huez climbing stage - which he tried for himself last summer.) But the country does have the power of its example, showing that you can stay rich and grow green at the same time. "Denmark has proven that acting on climate can be a positive experience, not just painful," says NRDC's Schmidt. The real pain could come...
...good at set-piece speeches; Ronald Reagan just the opposite. Barack Obama has now demonstrated an ability to synthesize those two. On the day before his budget speech, the President was positively Clintonesque, interacting easily with a gang of high-powered political and business leaders at his entitlement summit, alternately ribbing Eric Cantor, the House Republican, about GOP intransigence, then wonking out on defense procurement policy with Senators Susan Collins and John McCain. (See the top 10 Bushisms...
...When it comes to the week ahead, Obama is likely to focus his anti-Bush message on the rather technical subject of budget gimmickry. Obama previewed this line of reasoning on Monday, when he kicked off a fiscal summit at the White House. "For too long, our budget process in Washington has been an exercise in deception," Obama announced. "We do ourselves no favors by hiding the truth about what we spend." In specific terms, this means accounting for expenses like the wars in Iraq and Afghanistan as well as natural disasters as part of the normal budget process...