The Economist - 4th April 2009, E-book, T
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Thursday April 2nd 2009
Site feedbackThis week's print edition
Print edition
April 4th 2009
Under attack
Going for the bankers is
tempting for politicians?and
dangerous for everybody else:
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The world this week
Leaders
The rise and fall of the wealthy
The G20 and the world economy
Religion and human rights
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Democracy in South-East Asia
Russia and the rule of law
A special report on the rich
Israel's new government
Letters
Briefing
Indonesian democracy
United States
The economy
Statewatch: California
Business
Health care
America's car industry
The scrap-metal market
Carmaking in France
The Midwestern floods
Computing
Florida's public defenders
Online gaming in China
Lexington
Consumer psychology
The Americas
Face value
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Mexico and the United States
Briefing
The Mexico-US border
The semiconductor industry
The progressives' Chile summit
Finance and economics
White-collar crime in Canada
Japan
Raúl Alfonsín
Mexico and the IMF
Asia
Buttonwood
India's election
Regulating banks
Pakistan
The black market
Afghanistan and Pakistan
Spanish banks
The Khmers Rouges and justice
Gold
Thailand
Economics focus
South Korea
Middle East & Africa
South Africa
Science & Technology
Neuroscience and social deprivation
A mysterious air raid on Sudan
Astrophysics
Israel's electoral system
Biometrics
Saudi Arabia's Prince Nayef
Mining safety
The Arab League summit
Iraq's former insurgents
Books & Arts
William Shakespeare
Vince Cable
Eugène Ionesco's “Exit the King”
A shadow falls
Adolf Eichmann
The American civil war
Leaving Tangier
Obituary
Europe
The Khodorkovsky case
Economic and Financial Indicators
Turkish politics
Bosnia's future
Troubled Macedonia
Charlemagne
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Britain
Renewable energy
Jacqui Smith
Politics and the internet
British tax havens
Building societies
Economic outlook
The equality industry
Bagehot
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International
The G20 summit
Cyberwarfare
Religion and human rights
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Politics this week
Apr 2nd 2009
From The Economist print edition
Leaders from the
G20 countries
gathered in London for an ambitious summit to
discuss, among other things, the world recession and reform of the IMF. Gordon
Brown, who hosted the event, earlier called for a “new deal” to tackle the financial
crisis, but some countries, notably France and Germany, were reluctant to sign up to
any big new stimulus packages without a significant overhaul of global financial rules.
Barack Obama said America’s “voracious” economy should no longer be relied upon as
the sole engine of global growth.
Reuters
At the summit Mr Obama held
bilateral meetings
with Hu Jintao, China’s president,
Manmohan Singh, India’s prime minister, and Dmitry Medvedev, Russia’s president,
with whom Mr Obama discussed arms control. The American president was due to head
to France and Germany for a summit marking NATO’s 60th anniversary.
America’s Justice Department asked that
Ted Stevens’s
conviction for corruption be overturned. An
investigation has begun into alleged misconduct by prosecutors in the case against the former Republican
senator from Alaska.
Fund things to do
Mexico’s
president, Felipe Calderón, said his government would accept an IMF offer of a flexible credit line of
up to $47 billion. Mexico is the first to say that it will use the new facility, which has no strings attached but is
only available to countries with policies the fund considers sound.
The member countries of the
Inter-American Development Bank
(IDB) agreed to think about putting in more
capital to enable it to expand its lending. The bank says its loans could total $18 billion this year, as
governments seek to mitigate recession; it can only lend $8 billion a year without depleting its capital.
Manuel Rosales, the mayor of Maracaibo,
Venezuela’s
second city, went into hiding. Mr Rosales was the
defeated opposition candidate in the 2006 presidential election. He now faces possible arrest on corruption
charges, which he asserts is a “political lynching”. The government of Hugo Chávez says Mr Rosales should
defend himself in court.
A bipartisan group of American senators unveiled a bill, backed by business and human-rights groups, to lift the
47-year-old ban on Americans travelling to
Cuba
.
A new surge
At a conference in The Hague, nearly 90 countries and organisations welcomed America’s new strategy to deal
with extremism in
Afghanistan
and Pakistan. This would combine more troops and aid with a more intense
regional diplomatic effort. Iran said it would be ready to help.
Pakistan’s
police recaptured a police academy that had been taken over by terrorists
in Lahore. The head of the Pakistan Taliban claimed responsibility and said it was in
retaliation for an American drone attack. America sent another drone into Pakistan,
reportedly killing 12 people. Earlier, a suicide-bomber killed scores of people at a
Getty Images
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