Generally, political issues are solved through negotiations, but sometimes the real battle begins.
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Probably, there are no country with opened economy in the world, which has not suffered from financial crisis. Troubles about solvency of the biggest financial institutions of U.S.A. and Europe push the world financial system to systematic collapse.
British Prime Minister Gordon Brown and Chancellor of the Exchequer Alistair Darling ask parliament to adopt £500 billion bailout for the British banking system.
Lame duck U.S. President George W. Bush held an Oct. 11 meeting with finance ministers of G7, as well as with heads of the IMF and World Bank. At the end of the meeting, Bush said that all its members recognize the seriousness of the current crisis, and that the global crisis requires a global response. The challenge is that the actions of one country do not run or do not undermine the actions of another.
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President Barack Obama – The Most Famous Living Person On Earth.
German dolls Obama.
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WASHINGTON — The Senate on Tuesday blocked a Democratic proposal to strip the five leading oil companies of tax breaks that backers of the measure said were unfairly padding industry profits while consumers were struggling with high gas prices.
Despite falling eight votes short of the 60 needed to move ahead with the bill, top Democrats said they would insist that eliminating the tax breaks to generate billions of dollars in revenue must be part of any future agreement to raise the federal debt limit.