U.S.-Korea Free Trade agreement fails to move ahead

U.S.-Korea Free Trade agreement has faltered after four days of deliberations: China and the United States manipulating their currencies with Federal Reserve's plans to pump $600 billion into the sluggish American economy.G20 see that move as a scheme to flood markets with dollars, driving down the value of the U.S. currency and giving American exporters an advantage are varied reasons thus giving a setback for the leaders of the two nations severe blow to efforts to ignite broader world trade talks. President Obama said – we have asked our teams to work tirelessly in the next days and weeks to get an agreement, and we are confident we will do so.White House officials said the discussions foundered over long-standing disagreements over U.S. access to the Korean beef and auto markets. Despite optimism from both sides as they began bargaining, domestic political concerns weighed heavily on the talks and ultimately appeared to have prevented the final compromises needed to secure an agreement.

Mr. Obama said he didn't - want months to pass before we get this done. We want it to be done in a matter of weeks. Observers feel the failure to produce a signed agreement in Seoul, where the world's largest economic powers are gathering for the G-20 summit, is significant, and illustrates the difficulties facing the Obama administration's efforts to use free trade initiatives to boost U.S. exports.

Brazil's president,Luiz Inacio Lula da Silva, warned that the world would go "bankrupt" if rich countries reduced their consumption and tried to export their way to prosperity."There would be no one to buy," he told reporters.

MrJuan Elvira Quesado Environ Min Mexico Ministerial Dialogue123

Obama addresses Indian Parliament 1653

Barack in land of billion people

Nksagar-Sagar Media Inc - Mumbia / New Delhi
Barack Obama US President has kick starts his long awaited India tour to build up long desired economical and strategic bridge to carve out niche and base for up growing market for the Asian region in which the US needs to have its share as global leader.

(live-PR.com) - Not only the billion people watch with anxiety the three days visit of the US President Barack Obama but the higher strata of the two countries especially the business leaders will get into contemplative deliberations to garner productive market for the waiting professional of two countries look for plethora of opportunity of technology transfer.To achieve the business of political and
economical targets the two leaders of the two Biggest democracy of the world has lost their image at home their political outfits languishing with diluted public image have the great opportunities to build up the strategic relation a historical one to bring global impetus in growth of economy and establishing global peace and prosperity.

US Air Force One, with the President, landed at the Chhatrapati Shivaji International Airport just before 1300 hours amidst unprecedented security was received at the airport by Maharashtra Chief Minister Ashok Chavan, Union Minister of State for Corporate Affairs and Minority Affairs Salman Khurshid and senior officials.US Ambassador in India Timothy J Roemer and the Indian Ambassador in Washington Meera Shankar were present.

US President Barack Obama arrived at Taj in Presidential limousine ‘Beast’ from the INS Shikra air station at Colaba will meet the victims of 26/11 terror attack before joining the memorial service for the victims. Obama is accompanied by his wife Michelle and top officials it be the president’s longest foreign trip since he assumed office two years ago to seek to focus on opening up of Indian markets for American businesses and deal with wide range of political issues, including strategy on counter-terrorism.

Obama and his wife walked down the ladder to a red carpet welcome and were received by Maharashtra Chief Minister Ashok Chavan who presented him a memento.

The third US President to visit India in the last 10 years and sixth in all, Obama will make a powerful statement against terrorism at the Taj, one of the targets of the 26/11 terror attacks in 2008.

He will sign the visitor's book and later address a gathering to commemorate the memory of 166 people who were killed in the attacks engineered and orchestrated by Pakistan-based terror groups.In all, five Americans killed in that 60-hour mayhem that also targetted Trident Hotel, CST Terminus, Chabad House and Cafe Leopold.
Of the five Americans, three were killed at Trident Hotel and two at the Chabad House.
Obama will visit Hotel Trident later on Saturday where he will address CEOs and US-India Business Council meeting.

He will also visit Mani Bhavan, from where Mahatma Gandhi launched several stages of the freedom movement, and pay homage to the Father of the Nation.Sunday, in Mumbai he will celebrate Diwali in a children's home and then witness an agriculture exposition before leaving for Delhi in the evening.

In Delhi, Obama will visit Humayun's Tomb on Sunday evening and will attend a private dinner to be hosted by Prime Minister Singh at his residence.
On Monday, the President has a heavy schedule when he will hold talks with the Prime Minister in which the two sides will discuss steps to take the relationship qualitatively to a new high.

The talks are expected to focus on issues with dual use technologies, terrorism, strengthening economic ties, cooperation in security, defence and agriculture and regional matters like the situation in Pakistan.

One of the highlights of his engagements in Delhi would be his address to members of Parliament on Monday evening before attending a banquet hosted by President Pratibha Patil.In a statement before leaving for his four-nation Asia tour starting with India, Obama said he would be talking about opening up of additional markets in countries like India as American jobs depended greatly on American exports.

He said his administration had set a goal of doubling US exports over the next five years to create more jobs back home."It is absolutely clear that the key to creating new jobs is opening markets for American goods made by American workers.

"And that is why on the trip I am undertaking, I will be talking about opening up additional markets in places like India," said Obama, close on the heels of Democrats' recent drubbing in US mid-term elections, largely attributed to the discontent over his government's handling of unemployment and economy.

Pointing out that American businesses need to sell more products abroad for creating more jobs at home, Obama said he said "I am looking very much forward to helping to pry open markets for American businesses".
He said focusing on the future, rather than on the "next election" was key to the success of the American future.

FM Pranab Mukherjee Vale Address Petrotech 2010

Dilma Rousseff first woman president of Brazil

Nksagar - Sagar Media Inc -

Brazilian President-elect Dilma Rousseff, election campaign on extending the legacy of President Lula da Silva, won her first election on Sunday as Brazilians voted overwhelmingly for continuity. Rousseff, an economist is a former Marxist guerrilla who was jailed and tortured for three years in the early 1970s for fighting against Brazil’s dictatorship. She served as Silva’s chief of staff before Lula handpicked her as his successor.

Rousseff chose a seven-member transition team that draws heavily from the moderate wing of her left-leaning Workers' Party.The prominent among them is


Antonio Palocci, a well-regarded former finance minister under Lula da Silva who is popular with Wall Street and is likely to take a prominent post in Rousseff's administration, potentially chief of staff.

Others members include Jose Eduardo Dutra, the president of the Workers' Party and a former chief executive of state oil giant Petrobras; Fernando Pimentel, a former mayor of Belo Horizonte; and Marco Aurelio Garcia, Lula da Silva's foreign policy adviser.

Rousseff spent most of Monday meeting with advisers and talking to foreign heads of state by telephone at her home in Brasilia.The headline in Monday's O Estado de Sao Paulo newspaper was simply: “Lula's victory.”

At Lula da Silva's suggestion, Rousseff will travel with the president to the G20 summit in South Korea on November 10-12, where the leaders of the world's top economies will discuss currency tensions that are high on the agenda in Brazil.One of Rousseff's first challenges when she takes office on New Year's day will be to address Brazil's hard-charging currency, which is trading near a two-year high and damaging exporters.

Brazil's Bovespa stock index rose more than 1%.

Her life sketch drawn by various agencies - Dilma Rousseff has served at many government posts at the provincial and federal levels, but never ran in an election or took a party post. Given her lack of public visibility, the critical factor in Rousseff’s win was her full support of Lula, who enjoyed an approval rating of more than 80 percent despite the imminent end of his term in office. It is fair to call Rousseff’s victory Lula’s victory.

Lula, who built his career through the labor movement, won the presidential election in October 2002. At the time, investment guru George Soros predicted that Brazil could suffer bankruptcy with Lula in office. Lula, pursued a pragmatic policy in which he encouraged investment by domestic and foreign companies while caring for the socially underprivileged. The Brazilian economy, which had been derided as a “chicken that could not fly,” grew an annual average of 5 percent from 2003 to 2008. The country is expected to post annual growth at the 7-percent level this year, the highest in 24 years. Brazil became the world’s 12th-largest economy in 2005 in overtaking Korea and now ranks eighth. Proactive diplomacy in the international stage under Lula, including successful bids to host the 2012 World Cup soccer finals and the 2016 Summer Olympics, have also elevated the national pride of the Brazilian people. Even a left-leaning politician deserves acclaim if he or she can perform as well as Lula.
Media agencies
Posted by Nksagar at 8:54 PM

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