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President Barack Obama has proposed the most "sweeping" regulatory overhaul since the 1930s, aiming to stop future meltdowns and purge the finance system of lax oversight, greed and huge debts.
"We did not choose how this crisis began. But we do have a choice in the legacy this crisis leaves behind," Obama said.
"My administration is proposing a sweeping overhaul of the financial regulatory system, a transformation on a scale not seen since the reforms that followed the Great Depression."
The reforms, which must be approved by Congress, will inject the government deeper into the finance sector in a bid to tame the recklessness which saw a mortgage meltdown tip the world into deep economic crisis.
They are the latest attempt by the Obama administration to heal the US economy and ensure it never again pitches into such turmoil… More to read: Stephen Collinson, AFP - Washington, June 17
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Thursday, June 18, 2009
Sunday, June 14, 2009
Multicultural Blogs – weekly summary
‘
transatlantic daily NEWS "International Stuff" [introduction]
Obama’s Pressure ▪ EU Parliament Elections ▪ Gender Equality ▪ Arabian Horses
Dr. Silvana Koch-Mehrin / EU FDP ▪ Fiat & Chrysler ▪ Donna Leon ▪ Donaldism ▪ Rummy
Fiat, Chrysler, GM, Magna, Opel, GAZ ▪ Stimuli ▪ Adriana Schatton’s Evomanism
Barroso’s Bid: EU Commission Presidency ▪ Facebook ▪ Google Groups Policy
Iran Election ▪ US Negotiations ▪ Boris & Lilly Becker ▪ Blog Continuations
Craigslist ‘All For Good’ ▪ US Misery Index ▪ Michelle Obama’s London Fashion
Volunteerism ▪ Google’s Antispam Endeavors ▪ ‘Car’fashion ▪ Odessa Movie
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transatlantic daily NEWS "International Stuff" [introduction]
Obama’s Pressure ▪ EU Parliament Elections ▪ Gender Equality ▪ Arabian Horses
Dr. Silvana Koch-Mehrin / EU FDP ▪ Fiat & Chrysler ▪ Donna Leon ▪ Donaldism ▪ Rummy
Fiat, Chrysler, GM, Magna, Opel, GAZ ▪ Stimuli ▪ Adriana Schatton’s Evomanism
Barroso’s Bid: EU Commission Presidency ▪ Facebook ▪ Google Groups Policy
Iran Election ▪ US Negotiations ▪ Boris & Lilly Becker ▪ Blog Continuations
Craigslist ‘All For Good’ ▪ US Misery Index ▪ Michelle Obama’s London Fashion
Volunteerism ▪ Google’s Antispam Endeavors ▪ ‘Car’fashion ▪ Odessa Movie
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Friday, June 12, 2009
Barroso's bid to retain EU Commission presidency
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French President Nicolas Sarkozy and German Chancellor Angela Merkel said yesterday they supported the re-election of European Commission head Jose Manuel Barroso for a second five-year term.
"Important personnel and policy decisions must be taken immediately. That is why Germany and France support Jose Manuel Barroso," Merkel said at a joint press conference with Sarkozy in Paris.
There is a "strong desire" in the newly-elected EU Parliament that the choice of a new EC head should not take the entire summer.
"We will support the candidacy of Mr. Barroso, without ambiguity," Sarkozy said at a joint news conference at the Elysee presidential palace. But the support for the incumbent was not unconditional, he added. "Madame Merkel and I support Barroso... But we call on him before a second term to clarify, and in a way make formal, his position."
The Portuguese EC president has been criticized for waffling on a number of important issues. Barroso must commit himself to a Europe that protects its citizens... Deutsche Welle
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French President Nicolas Sarkozy and German Chancellor Angela Merkel said yesterday they supported the re-election of European Commission head Jose Manuel Barroso for a second five-year term.
"Important personnel and policy decisions must be taken immediately. That is why Germany and France support Jose Manuel Barroso," Merkel said at a joint press conference with Sarkozy in Paris.
There is a "strong desire" in the newly-elected EU Parliament that the choice of a new EC head should not take the entire summer.
"We will support the candidacy of Mr. Barroso, without ambiguity," Sarkozy said at a joint news conference at the Elysee presidential palace. But the support for the incumbent was not unconditional, he added. "Madame Merkel and I support Barroso... But we call on him before a second term to clarify, and in a way make formal, his position."
The Portuguese EC president has been criticized for waffling on a number of important issues. Barroso must commit himself to a Europe that protects its citizens... Deutsche Welle
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Sunday, June 7, 2009
Multicultural Blogs – weekly summary
‘
transatlantic daily NEWS "International Stuff" [introduction]
Obama’s GM Bankruptcy ▪ Genesis 2.0 Video ▪ Swedish Band Tapeheads
Politically Risky GM Rescue ▪ Bavarian Königssee ▪ Blitz & Plane ▪ Lyrics
Seeking Outreach ▪ Cheney’s Lies ▪ TEDxUSC ▪ Twitter Statistics ▪ Uncertainty
Obama’s ME & EU Trip ▪ Transparency Int’l Fighting Corruption ▪ Cape Town
Obama’s Dresden Visit ▪ Cairo Speech ▪ BB Video ▪ Michael Connelly ▪ Disciplines
Obama Visit: Dresden, Weimar & Buchenwald, Ramstein & Landstuhl ▪ Home
Webby Awards ▪ Green Vault ▪ Merkel’s Style ▪ Former Couture ▪ Blagojevich
D-Day Remembrance & Obama’s France Stay ▪ Contrast Voice ▪ China & North Korea
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transatlantic daily NEWS "International Stuff" [introduction]
Obama’s GM Bankruptcy ▪ Genesis 2.0 Video ▪ Swedish Band Tapeheads
Politically Risky GM Rescue ▪ Bavarian Königssee ▪ Blitz & Plane ▪ Lyrics
Seeking Outreach ▪ Cheney’s Lies ▪ TEDxUSC ▪ Twitter Statistics ▪ Uncertainty
Obama’s ME & EU Trip ▪ Transparency Int’l Fighting Corruption ▪ Cape Town
Obama’s Dresden Visit ▪ Cairo Speech ▪ BB Video ▪ Michael Connelly ▪ Disciplines
Obama Visit: Dresden, Weimar & Buchenwald, Ramstein & Landstuhl ▪ Home
Webby Awards ▪ Green Vault ▪ Merkel’s Style ▪ Former Couture ▪ Blagojevich
D-Day Remembrance & Obama’s France Stay ▪ Contrast Voice ▪ China & North Korea
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Thursday, June 4, 2009
Barack Obama reached out to the Muslim world
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US President Barack Obama has said the "cycle of suspicion and discord" between the United States and the Muslim world must end.
In a keynote speech in Cairo, Obama called for a "new beginning" in ties. He admitted there had been "years of distrust" and said both sides needed to make a "sustained effort... to respect one another and seek common ground".
He made a number of references to the Koran and called on all faiths to live together in peace and, thus, received a standing ovation at the end of his speech at Cairo University. [read more at BBC News]
Here’s, in addition, the full text of the unique and historic speech on Spiegel International as well as a speech video on Huffington Post.
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US President Barack Obama has said the "cycle of suspicion and discord" between the United States and the Muslim world must end.
In a keynote speech in Cairo, Obama called for a "new beginning" in ties. He admitted there had been "years of distrust" and said both sides needed to make a "sustained effort... to respect one another and seek common ground".
He made a number of references to the Koran and called on all faiths to live together in peace and, thus, received a standing ovation at the end of his speech at Cairo University. [read more at BBC News]
Here’s, in addition, the full text of the unique and historic speech on Spiegel International as well as a speech video on Huffington Post.
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