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Old March 14th 09, 06:23 AM posted to sci.environment,sci.physics,alt.culture.alaska,sci.geo.meteorology
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Default Day ?r?*10^3 - The Sun Hibernates - G20 meets to tackle world crisis

"March 14, 2009"
http://www.spaceweather.com/
"Daily Sun: 14 Mar 09 The sun is blank--no sunspots. Sunspot number: 0"
"Far side of the Sun: This holographic image reveals no sunspots on the far
side of the sun."

The face of the Sun is without blemish:
http://www.spaceweather.com/images20...9c5mjlen s157

Please visit:
http://blog.nj.com/southjersey_impac...SolarCycle.jpg
The right panel shows the face of the Sun as it looked on a good dayduring
the late Modern Warm Period. Sunspots are the apparent size of craters on
the moon. The left panel shows a spotless Sun as it looks today. Please
write to Al Gore so that Al knows that the Sun is not living up to his
religious expectations. Al Gore is a divinity school dropout. George Carlin
had a better grasp of the true nature of God's creation, than does Al Gore.

Please visit:
http://www.co-intelligence.org/newsl...es/sun-etc.jpg
which shows the relative sizes of the Sun and planets. Compared to the Sun,
Jupiter is the size of a pea, earth is the size of a grain of sand.

G20 meets to tackle world crisis
March 14, 2009 by samsonites

Finance ministers from the world's leading countries are gathering near
London to discuss plans for coordinated action to tackle the economic
crisis.

They hope to agree the agenda for the G20 summit of world leaders next
month.

The aim is to send a signal to the world that key countries are working
together to tackle the worst economic downturn since the Great Depression.

The G20 includes the world's biggest industrial and developing countries,
making up 85% of the world economy.

The meeting is likely to focus on the need for tougher regulation of banks
and more funds to tackle the crisis.

UK Chancellor Alistair Darling, who is hosting the meeting, said that the
world's biggest economies must work with other countries if they are to
bring about economic recovery.

Disagreements But there are already signs of disagreement among the G20
countries over how much money governments should spend to get their
countries out of recession, with Europe notably less enthusiastic than the
US about further spending.

French President Nicolas Sarkozy said on Thursday that "in Europe we have
already invested a lot for the recovery" and that the priority should be
"putting in place a system of regulation so that the economic and financial
catastrophe the world is seeing does not reproduce itself".

However, Chinese Prime Minister Wen Jiabao said that China had enough
"economic ammunition" to launch a new economic stimulus plan at any time.

More money

G20 LONDON SUMMIT

World leaders will meet next month in London to discuss measures to tackle
the downturn.See our in-depth guide to the G20 summit.

The G20 countries are Argentina, Australia, Brazil, Canada, China, France,
Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South
Africa, South Korea, Turkey, the United Kingdom, the US and the EU.

There is, however, growing support for increasing the resources of the
International Monetary Fund (IMF), which lends money to countries in
financial difficulties.

US Treasury Secretary Tim Geithner has proposed tripling its resources to
$750bn to ensure it can help all those caught in the crisis, and the EU has
backed an increase to $500bn.

There is also likely to be a lively debate about regulating tax havens, with
Switzerland coming under pressure to ease up its secrecy laws.

The Swiss cabinet is meeting to discuss amending such laws, following
concessions by Andorra and Liechtenstein this week.

Protesters are to demonstrate in Jersey on Friday against offshore tax
havens, with demonstrations planned outside 10 major banks.

UK charity War on Want claims that tax dodging costs developing countries
£250bn each year.

Tough on banks

Tougher regulation of the banks - and other financial institutions that play
a significant role in the financial system - is also a key part of the
agenda.

Alistair Darling has signalled that he wants to ensure that banks are forced
to hold more capital reserves before they lend.

He also wants the power to stop banks over-extending themselves.

But there is disagreement over which international body should regulate the
banks, with the IMF, the Financial Stability Forum, and other bodies all
vying for a role.

Meanwhile, there is also pressure to agree broad principles on bonuses and
pay, to ensure that banks do not have the wrong incentives that encourage
senior managers to take excess risks.

Populist pressures

The G20 countries are a diverse group, which include both the leading
industrial countries such as Germany, Japan and the US, and leading
developing countries like China, India and Brazil.

But gaining agreement in such a diverse group of countries could prove
difficult.

Already there are pressures within some countries to restrict foreign bank
lending by firms that have received government bail-outs.

Gordon Brown would like to make avoiding protectionism, promoting the green
agenda, and helping developing countries the key priorities at the G20
summit.

So the prime minister will also be meeting Germany's Chancellor Angela
Merkel on Saturday and African leaders on Monday to discuss the summit
agenda.




 
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