Boy.. busy news day!
Here’s three stories that are interesting.. First two stories from the Times Online.
The European Union warned the US yesterday against plunging the world into depression by adopting a planned “Buy American” policy, intensifying fears of a trade war.
The EU threatened to retaliate if the US Congress went ahead with sweeping measures in its $800 billion (£554 billion) stimulus plan to restrict spending to American goods and services.
Gordon Brown was caught in the crossfire as John Bruton, the EU Ambassador to Washington, said that “history has shown us” where the closing of markets leads — a clear reference to the Depression of the 1930s, triggered by US protectionist laws.
Last night Mr Obama gave a strong signal that he would remove the most provocative passages from the Bill.
So, Mr. President, what is more important, stimulating the American economy or making your European friends happy?
President Obama will convene the most ambitious arms reduction talks with Russia for a generation, aiming to slash each country’s stockpile of nuclear weapons by 80 per cent.
The radical treaty would cut the number of nuclear warheads to 1,000 each, The Times has learnt. Key to the initiative is a review of the Bush Administration’s plan for a US missile defence shield in Eastern Europe, a project fiercely opposed by Moscow.
Mr Obama is to establish a non-proliferation office at the White House to oversee the talks, expected to be headed by Gary Samore, a non-proliferation negotiator in the Clinton Administration. The talks will be driven by Hillary Clinton’s State Department.
I can hear Putin snickering from here, “Sure, I’ll not only destroy 80 percent, I’ll destroy them all. You can trust me! (snicker, snicker)”
And finally, from the “Mind Your Own Business” department (from the Financial Times):
India has warned US President Barack Obama that he risks “barking up the wrong tree” if he seeks to broker a settlement between Pakistan and India over the disputed territory of Kashmir.
MK Narayanan, India’s national security advisor, said that the new US administration was in danger of dredging up out of date Clinton administration-era strategies in a bid to bring about improved ties between the two nuclear armed neighbours.
If trying to settle the Kashmir dispute causes Pakistan and India to nuke each other, where will Dell get their tech support people from?
