The G20 summit in London is coming pretty soon, and the normal rhetoric’s leading to the event are heating up. This one came from  The president of the European Union. Czech Prime Minister Mirek Topolanek, whose country currently holds the rotating EU presidency, told the European Parliament that President Barack Obama’s massive stimulus package and [...]

Surprise, surprise, China is calling for a new global currency to be controlled by the International Monetary Fund. This was in news release by Chinese central bank governor published on Monday, stepping up pressure ahead of a London summit of global leaders for changes to a financial system dominated by the U.S. dollar. It would become [...]

In order to describe government’s spending, or rather wastefulness, there used to be a saying around Washington: “A billion here, a billion there, pretty much we are talking serious money”. Times have changed dramatically and some modifications should be introduced to that phrase. The way it goes now is “Trillion here, trillion there…” and so on. After [...]