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muddlin' malcolm .....
President Bush will convene leaders of 20 nations in Washington on Nov. 15 for an emergency summit meeting to discuss the economic crisis, the White House said Wednesday.
But the session, coming less than two weeks after the presidential election, could put Mr. Bush on a collision course with his successor.
The White House said Mr. Bush would “seek the input” of the president-elect, and both the Republican nominee, Senator John McCain, and the Democrat, Senator Barack Obama, praised Mr. Bush for convening the session. But neither man committed to attending, and the White House conceded it did not quite know how the meeting would play out....
The countries invited are drawn from the so-called G-20, a forum of rich and emerging nations that was convened in 1999 after the Asian economic crisis. Its members are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Britain, the United States and the European Union.- By Gus Leonisky at 23 Oct 2008 - 9:11pm
- Gus Leonisky's blog
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bipartisanship for the aussie battler
Federal Opposition Leader Malcolm Turnbull has called for bipartisan cooperation on matters concerning the Australian dollar.
The currency has lost 37 per cent of its value over a period of just three months and has hit record lows against the greenback and the Japanese yen amid fears of a global recession.
Mr Turnbull says the slump in the dollar's fortunes does not reflect the underlying strength of the Australian economy.
"We are in the midst of a global economic storm and we'll get wet, but we won't sink," he said. "There are a lot of pressures globally and a lot of volatility.
"We stand ready to work cooperatively with the Government, to work with them in a truly bipartisan way to help the Government and the country get out of the mess they have created.
"I think Australians want to see both sides of politics coming together on that."
The Australian dollar was trading near Friday's closing price of 61.7 US cents this morning.
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Gus:
The US have a US$ 10 trillion deficit, an interest rate at 2 per cent... and a sinking economy.
Australia has a AUD 20 billion surplus, and interest rate at 5.5 per cent... and a "strong" economy.
The mongrels out-there want to make sure Australia gets hammered, nonetheless.
Could this be due to the "trade" deficit ballooning some more?
The only place they can hit Aussieland is via currency trading designed to upset the "fine-tuned" mechanics...
Watch... Should Rudd commit more troops to Iraq, the dollar would go up...
Level playing field? "Free" markets?... Superior BS...