Posts Tagged ‘world’

G-20 summit ends with watered-down agreement

Posted in News, Politics, economy, what on November 12th, 2010 by admin – Comments Off

The leaders of the world’s 20 major economies on Friday ended a frequently rancorous two-day summit in this northeast Asian capital without reaching agreement on specific steps to avert damaging currency and trade wars.

There were far more setbacks than gains, but President Obama suffered the biggest disappointment, falling short in his attempt to forge a unified approach to boosting the global economy.

In one blow, G-20 members refused to endorse a U.S. effort to force China to raise the value of its currency, prolonging a bitter dispute that many say could eventually lead to a global trade war. Before world leaders left the city, they issued a watered-down statement agreeing merely to refrain from “competitive devaluation” of currencies.

The joint statement described their intent to promote growth while balancing trade and exchange rates and avoiding protectionist policies in general. U.S. officials described it as a substantial deal that will help relieve some of the pressure on countries suffering big trade deficits. But nations are under no binding obligation to follow the agreements.

The previous day, the U.S. and South Korea acknowledged that they remained in a stalemate over a free-trade agreement that has languished in the national legislatures of both nations.

In his final speech, Obama put a positive spin on a disappointing summit, saying that the world’s developed and developing economies have been successful in putting the global economy back on a path toward recovery.

Yet he acknowledged that the summit nations risk slipping back into the old imbalances that contributed to the global economic crisis.

Still, he would not admit defeat in back-door meetings that often seemed on the verge of breaking into hostility.

“The work that we do here is not going to seem dramatic. It is not always going to be world-changing. But step to step, what we’re doing is building stronger international mechanisms and institutions” and reducing tensions among nations, Obama said.

He also blamed the media, saying that the reporting on the G-20 summit has been “all about conflict,” while ignoring that what was accomplished.

He stressed that G-20 leaders made strides, including the development of a system to give the international community a mechanism to determine whether countries are engaging in unfair practices with their trading partners.

“Sometimes I think naturally there’s an instinct to focus on the disagreements,” the president said, when in fact “in each of these successive summits we’ve actually made progress.”

But time and again in Seoul, world leaders showed that they were in no mood to compromise and instead were headed toward broad, general pledges that did little to mask their inability to find common ground for immediate action.

At times, that failure to find consensus raised the specter of countries pursuing their own interests at the expense of coordinated and balanced global growth.

British Prime Minister David Cameron warned of the risks of that route at the summit opening, saying failure by the G-20 to accomplish some sort of global accommodation could lead to “a return to what happened in the 1930s: protectionism, trade barriers, currency wars, countries pursuing beggar-thy-neighbor policies; trying to do well for themselves but not caring about the rest of the world.”

Many countries, however, appeared to be doing just that. In particular, they took aim at the Federal Reserve’s recent decision to pump $600 billion into the U.S. financial system, a move that critics saw as an attempt to lower the value of the dollar and therefore make U.S. exports more competitive.

As the leaders gathered in Seoul, Bank of China Chairman Xiao Gang called the Fed’s move “dangerous,” writing in the semiofficial China Daily newspaper that it had driven the dollar down in value, raised expectations of inflation and hurt other economies. That position was backed by former Federal Reserve Chairman Alan Greenspan, who said the U.S. was “pursuing a policy of currency weakening.”

U.S. officials declared they were doing no such thing. And, in fact, the U.S. dollar has been rising in value in recent days.

“We will never seek to weaken our currency as a tool to gain competitive advantage or to grow the economy,” Treasury Secretary Timothy F. Geithner told CNBC from Seoul. “It’s not an effective strategy for any country, and it’s not for the U.S. We’ll never do that.”

G-20 summit ends with watered-down agreement

U.S. fails to reach free-trade deal with South Korea

Posted in News, Politics on November 11th, 2010 by admin – Comments Off

In a sharp setback, the United States and South Korea failed to reach agreement on an elusive free-trade deal but will continue pressing for an accord in the weeks ahead, President Obama said Thursday.

Obama had hoped to announce a deal on the long-stalled pact while in South Korea for meetings of the Group of 20 economic powers, but instead he will return home empty-handed.

“We have asked our teams to work tirelessly in the coming days and weeks to get this completed,” Obama said at a joint news conference with South Korean President Lee Myung-bak.

“We don’t want months to pass before we get this done,” Obama said. “We want this to be done in a matter of weeks.”

Prospects for reaching a deal seemed unlikely before Obama’s meeting and subsequent appearance with his South Korean counterpart.

At issue is a pact to slash tariffs and other barriers to trade, one that was signed in 2007 when previous administrations were in power. It remains unratified by lawmakers in both countries, and trade between the nations has slipped. The U.S. wants the deal to address a trade imbalance and beef access to South Korea’s market before submitting it to Congress.

Earlier in the day in a speech marking America’s Veterans Day, Obama condemned North Korea for continuing on “a path of confrontation and provocation” that he says deepens its isolation from the world and worsens the poverty of its people.

Obama said the reclusive communist nation must show a “seriousness of purpose” before the U.S. will restart six-party talks aimed at curbing the country’s drive to become a nuclear power.

He saluted the bravery of U.S. troops who defended South Korea during its war with North Korea.

Speaking at an Army garrison in a country where the U.S. keeps more than 28,000 troops, Obama said North Korea knows the path to prosperity and suggested its leaders take it.

“Because the Korean War ended where it began geographically, some used the phrase ‘Die for a Tie’ to describe the sacrifice of those who fought here,” Obama said. “But as we look around at this thriving democracy and its grateful, hopeful citizens, one thing is clear: This was no tie. This was victory.

“This was a victory then, and it is a victory today,” he said.

In the Veterans Day address, Obama said that, some 60 years after the war, the Korean peninsula provides the world’s clearest contrast between a society that is open and one that is closed, between a dynamic, growing nation like South Korea and a North Korea “that would rather starve its people than change.”

“It’s a contrast that’s so stark you can see it from space, as the brilliant lights of Seoul give way to utter darkness in the North,” he said, describing the difference as a direct result of the road taken by the reclusive, communist North.

Obama said the U.S. “will never waver” in its commitment to South Korea’s security and that North Korea’s continued pursuit of nuclear weapons will only lead to more isolation and less security. He urged Pyongyang to take another path, a road that he said will offer its people growing opportunity instead of crushing poverty.

The commander in chief spoke inside a packed gymnasium, addressing a uniformed audience of service members from the different branches of the U.S. military. They surrounded him from all sides and many snapped photos as he spoke.

Obama condemned North Korea, saying its circumstances were not “an accident of history” but a direct result of the country choosing “a path of confrontation and provocation.” That path, Obama said, includes its relentless pursuit of nuclear weapons and the deadly sinking earlier this year of a South Korean warship.

“In the wake of this aggression, Pyongyang should not be mistaken: The United States will never waver in our commitment to the security of the Republic of Korea. We will not waver,” he said. “The alliance between our two nations has never been stronger, and along the with the rest of the world, we have made it clear that North Korea’s continued pursuit of nuclear weapons will only lead to more isolation and less security.”

Obama said North Korea has another path available to it.

“If they choose to fulfill their international obligations and commitments to the international community, they will have the chance to offer their people lives of growing opportunity instead of crushing poverty — a future of greater security and greater respect; a future that includes the prosperity and opportunity available to citizens on this end of the Korean peninsula,” he said.

After the speech, Obama laid a wreath at a war memorial.
U.S. fails to reach free-trade deal with South Korea

Suicide bomber kills 9 at parade in Iran

Posted in Celeb, Islam, News on September 22nd, 2010 by admin – Comments Off

A suicide bombing struck a large crowd at military parade in western Iran on Wednesday, killing at least nine people and injuring 20 during a nationalist holiday meant to underscore Iran’s battle readiness, Iranian media reported.

According to Iran’s Arabic language Al-Alam television channel, the bombing struck a large crowd gathered in the city of Mahabad for annual Sacred Defense Week celebrations marking the 1988 end of the Iran- Iraq war.

Officials described the bombing as a “terrorist attack” that took place about 11 a.m. along a sidewalk.


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“Almost all of the martyrs and injured are women and children,” Vahid Jalalzadeh told the official Islamic Republic News Agency. “Anti-revolution elements have always carried out such bestial acts in Mahabad in order to take revenge on the people.”

No one immediately claimed responsibility for the attack.

Mahabad is in Iran’s Kurdish heartland and carries enormous symbolic weight for ethnic Kurds throughout the world. It was the capital of a short-lived Kurdish autonomous republic set up in 1946 and was the birthplace of Massoud Barzani, the de facto leader of Iraq’s semi-autonomous Kurdistan region.

The Kurdish separatist militant group PEJAK, Party for the Free Life of Kurdistan, operates in the area of Mahabad and has clashed with Iranian troops in recent years. PEJAK is the Iranian branch of the Kurdistan Workers Party, or PKK, which has been fighting the Turkish government for decades.

Kurds are believed to be the world’s largest ethnic group without a homeland. They have been fighting for autonomy and cultural rights against governments of Iran, Iraq, Turkey and Syria for decades.

A nearby mountainous stretch along the Iran-Iraq border has also sheltered Al Qaeda-linked extremist groups, such as Ansar al-Islam.

daragahi@latimes.com
Suicide bomber kills 9 at parade in Iran

Florida pastor cancels plan to burn Korans on Sept. 11

Posted in Islam, News, what on September 9th, 2010 by admin – Comments Off

The leader of a tiny church on Thursday backed off his threat to burn the Koran, saying he gave up the plan in exchange for a deal to move a planned Islamic center and mosque away from New York’s ground zero. The imam planning the center, however, quickly denied any such deal.

The Rev. Terry Jones had been under intense pressure to back off, including a statement from President Barack Obama and a personal call from U.S. Defense Secretary Robert Gates. Jones made his announcement outside his church alongside Imam Muhammad Musri, the president of the Islamic Society of Central Florida.

After the news conference, Musri told The Associated Press there was an agreement for him and Jones to travel to New York and meet Saturday — on the actual anniversary of the 9/11 attacks — with the imam overseeing plans to build a mosque near ground zero.


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“I told the pastor that I personally believe the mosque should not be there, and I will do everything in my power to make sure it is moved,” Musri said. “But there is not any offer from there (New York) that it will be moved. All we have agreed to is a meeting, and I think we would all like to see a peaceful resolution.”

Imam Feisal Abdul Rauf said he was surprised by the announcement and that he would not barter.

Speaking to reporters later, Jones was adamant that he was promised that the Islamic center would be moved, and said he would be “very, very disappointed” if it were not.

Jones, the pastor of a Florida Pentecostal church of 50 members, has said that he believes the Koran is evil because it espouses something other than biblical truth and incites radical, violent behavior among Muslims.

Jones on Thursday said he prayed about the decision and that if the site of the mosque was moved, it would be a sign from God to call off the Koran burning.

“We are, of course, now against any other group burning Korans,” Jones said during the news conference. We would right now ask no one to burn Korans. We are absolutely strong on that. It is not the time to do it.”

His decision comes after a firestorm of criticism from leaders around the world. President Barack Obama, the top U.S. general in Afghanistan and several Christian leaders had urged Jones to reconsider his plans. They said his actions would endanger U.S. soldiers and provide a strong recruitment tool for Islamic extremists. Jones’ protest also drew criticism from religious and political leaders from across the Muslim world.

They warned that the plan would put Americans in danger around the world. In Afghanistan, hundreds of angry Afghans burned an American flag and chanted “Death to the Christians” to protest the planned Koran burning.

Musri thanked Jones and his church members “for making the decision today to defuse the situation and bring to a positive end what has become the world over a spectacle that no one would benefit from except extremists and terrorists” who would use it to recruit future radicals.

Russ Blackburn, Gainesville city manager: “It’s very good news for Gainesville and good news for everyone involved.”

Jones’ neighbors in Gainesville, a city of 125,000 anchored by the sprawling University of Florida campus, also have said they disapprove. At least two dozen Christian churches, Jewish temples and Muslim organizations in the city have mobilized to plan inclusive events — some will read from the Koran at their own weekend services.

Jones’ Dove Outreach Center is independent of any denomination. It follows the Pentecostal tradition, which teaches that the Holy Spirit can manifest itself in the modern day. Pentecostals often view themselves as engaged in spiritual warfare against satanic forces.
Florida pastor cancels plan to burn Korans on Sept. 11

Anton Geesink dies at 76; Olympic gold medalist popularized judo

Posted in News, Tech, what on August 30th, 2010 by admin – Comments Off

Anton Geesink, who helped make judo a universally popular sport by winning a gold medal at the 1964 Tokyo Olympics, has died. He was 76.

Geesink died Friday, according to the Dutch state broadcaster NOS. He had spent several weeks in a hospital in his hometown of Utrecht, Netherlands. No other details were released.

The 6-foot-6 Geesink stunned Japan by becoming the first Westerner to win the World Judo Championship in 1961 in Paris, then won his Olympic gold three years later in Tokyo, the first time the Olympics included judo. He won another world title in Rio de Janeiro in 1965, along with a record 21 European championships.


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At the 1964 Games, Japan dominated the judo competition, but its champion, Akio Kaminaga, was no match for Geesink in the open division, where there were no weight classifications. According to United Press International’s account of the match, Geesink “crushed Kaminaga to the mat and held him there for the required 30 seconds.”

Jim Bregman, a member of the U.S. judo team in 1964, told The Times in 1984: “The entire Japanese team returned to the locker room and wept, but this was no humiliation really.

“Anton was more than just a big guy, as many thought. What he was was a 6-foot-6, 300-pound technical genius, a very powerful, very fast judo player of consummate skill in a very large frame. Anton Geesink was quite the package.”

Antonius Johannes Geesink was born April 6, 1934, in Utrecht in the Netherlands. He first participated at the European championships in 1951, finishing second.

The International Olympic Committee praised Geesink as a “great athlete” who “dedicated his entire career to the promotion of sport and its values.” Geesink had been a member of the Olympic committee since 1987.

In 1999, Geesink received a warning from the committee in connection with a bribery scandal in the selection of Salt Lake City for the 2002 Winter Olympics. A foundation bearing his name received a $5,000 check from Tom Welch, the former Salt Lake City organizing committee chief. Geesink maintained that he did nothing wrong and that the money was not paid to him.

Geesink is survived by his wife, Jans, and their three children.

news.obits@latimes.com
Anton Geesink dies at 76; Olympic gold medalist popularized judo

Oakland could go to pot in a big way with four proposed factory farms

Posted in Crime, Health, News, economy, what on July 20th, 2010 by admin – Comments Off

Oakland could approve a plan Tuesday to set up four marijuana factory farms, a step that could usher in the era of Big Pot.

The proposal is a testament to just how fast the marijuana counterculture is transforming into a corporate culture. And it has ignited a contentious debate in Oakland that could spread as cities face pressure to regulate marijuana cultivation and find ways to tax it.

“Everybody knows it’s going bigger and big money is moving in,” said Dale Gieringer, an Oakland resident and prominent marijuana activist. As the state edges toward legalization, he said, more businessmen will seek to capitalize on a fast-growing market in a recession-hindered economy, forcing cities to make difficult choices on how to exert control.


One cup to rouse them all

Posted in Celeb, News, Politics, what on July 10th, 2010 by admin – Comments Off

It was sweet to be an American on that hot afternoon beneath the palms.

For the 90 minutes when the U.S. soccer team recently played Algeria in the World Cup, two Americans in a Cairo cafe received thumbs up and smiles. Not because they were particularly endearing, but at that moment their team was on its way to defeating Egypt’s archrival, a nemesis whose mention draws clenched teeth and bitterness.

Algeria had months earlier knocked Egypt out during the World Cup qualifiers, so it was only natural that the Egyptians, who on most days aren’t enamored with the U.S., would cheer for an American victory in South Africa. Or, more succinctly, an Algerian defeat. The Yanks came through, although this being summer in Egypt, the electricity died and TV screens went blank. Waiters bit their lips and apologized. No one in the cafe saw the winning goal but a cheer rose in the distance around a man listening to a radio.


G-20 nations reach compromise on economic goal

Posted in Health, News, economy on June 28th, 2010 by admin – Comments Off

Leaders of the world’s biggest economies acknowledged there is no one-size-fits-all solution to the world’s economic troubles, agreeing in Toronto to halve the budget deficits of most industrialized nations by 2013, while giving each country the leeway to cut spending at its own speed.

The compromise was the result of divisions between the Obama administration, which emphasizes the need to continue stimulating growth and job creation, and some of its principal allies, which have grown alarmed over soaring debt levels.