A growing global alliance against the quickly depreciating dollar clearly emerged from the G-8 summit last weekend. Obama administration officials are clearly in damage-control mode, despite official appearances that nothing negative came out of the meeting.
For the first time since rioting broke out on July 5 in Urumqi, capital of China's northwest Xinjiang Uygur Autonomous Region, on July 13 Chinese police shot and killed two Uighur men and wounded a third. Officials have reported 184 deaths since the unrest began.
In a sign that globalists are running out of patience with the protracted negotiations known as the Doha Development Round of the World Trade Organization, leading economic powers (the G-8 plus China, India, Brazil, Mexico, and South Africa) pledged this week in a communiqué to reach an accord by 2010.
The G-8 — the Group of Eight leading industrial nations (plus five other add-ons: China, India, Brazil, Mexico, and South Africa), meeting in the earthquake-ravaged Italian city of L’Aquila this week — have seldom looked more magisterial.