Sarkozy, Merkel, Blair Calling for a New World Order. A laughable idea? Not anymore.
PARIS – The head of Europe's biggest economy said Thursday that world leaders should be looking at the massive U.S. deficit and other economic imbalances, not just problems caused by financial markets, as they debate a new global order.
Speaking at a conference in Paris on the future of capitalism, German Chancellor Angela Merkel singled out the American budget deficit and China's current account surplus — the difference between exports and imports — as problems upsetting the global economy.
UPDATED: Israel and Gaza moving towards full-blown war. Hamas breaks cease-fire. 200+ rockets and mortars fired at Israel since Wednesday night. 11 Israeli civilians injured. IDF retaliating. Palestinians in Gaza suffering under Hamas tyranny. Here’s the latest. #PleasePray - (Jerusalem, Israel) — Pray it doesn’t happen. Pray that civilians on both sides of the border are spared the horror. But all signs suggest a major new war ...
1 week ago