Our fading President, George, is hosting an economic summit on November 15 to address the global economic crisis. Boy, does he know how to infuriate. According to Roland Flamini in World Politics Review, the meeting was originally proposed by Nicolas Sarkozy who wanted it held at the United Nations with "the widesst possible participation." Well, since the United Nations is in the US, somehow Bush felt like he was the boss and he ahs redefined it. It will be held in Washington, far from the UN, and will only have the members of the G8 and 12 "emerging industrial nations" present. Spain, "which claims to be the world's eighth largest economy" is not invited. Nor are countries that are poor. Bush folks say it would be hard to arrange a summit outside of Washington, as if the UN didn't have facilities and NYC wasn't used to handling big deals. More than likely, Bushies don't want to have their world view challenged.
IN La Jornada yesterday, there was this little article based on feeds from Agence France-Presse and Reuters. This is my loose translation.
"'At the same time that we attend to our short term objectives, our countries also ought to remember to pay attention to the foundation of our long term growth: the free market and free enterprise,' Bush said in his weekly radio address, and he added that 'free market policies improved living standards and helped millions of people in the world to avoid poverty.'
"Bush, who will be the host of the world summit on November 15 added that it as essential to agree to common principles to reform regulations and to avoid another disaster in the markets."
Well. This is also a good lead into to a post on Mexico and markets and immigration.