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President Joe Biden will announce during talks with world leaders at the G7 summit on Saturday a global $40 trillion infrastructure plan to “Build Back Better for the World.” During their meeting, World leaders at the G7 summit plan to meet about the importance of a “fair, sustainable, inclusive global economy,” including a discussion about China. Biden’s plan would offer a different option for the world, the official noted, competing with China by offering a plan with the “highest labor and environmental standards.” “This is about providing an affirmative, positive, alternative vision for the world than that is presented by...

The West African nation of Gambia has cut off relations with Taiwan, the latest country to spurn the island for its mainland rival China. Foreign Ministry spokesman Michael Chen confirmed the move but declined to give a reason behind the move by Banjul, which seems almost certain to lead to the establishment of formal ties between Gambia and China. … With the loss of Gambia, Taiwan is now recognized by 22 countries, mostly small and impoverished nations in Latin America, the Caribbean and the south Pacific. Swaziland, Sao Tome and Principe and Burkina Faso are its only remaining diplomatic allies...

Party General Secretary Nguyen Phu Trong has told Chinese Premier Li Keqiang that he hoped Vietnam and China would resolve all existing issues via peaceful dialogues on the basis of agreements reached by both nations’ leaders, Vietnam News Agency reported. Li visited Vietnam from October 13 to 15 as part of a week-long Southeast Asian tour. He was in Hanoi meeting with Trong on Monday. The Vietnamese Party chief urged both nations to continue taking on the responsibility of further developing the countries' bilateral friendship. He called the relationship a "common treasure shared by the two peoples." Trong said the...

GOP presidential hopeful Michele Bachmann said today that Americans "fear the rise of the Soviet Union" during an appearance on a conservative radio talk show. The Soviet Union broke up into 15 separate republics 20 years ago. Boris Yeltsin was the first freely elected leader of Russia, the largest of those republics. "What people recognize is that there's a fear that the United States is in an unstoppable decline. They see the rise of China, the rise of India, the rise of the Soviet Union and our loss militarily going forward," Bachmann said on Jay Sekulow's radio show. Bachmann, a...

The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday. Many European banks need bigger capital cushions to restore market confidence and assure they can borrow, and some weak players will need to be closed, the International Monetary Fund said in its Global Financial Stability Report.

The big message in Hu Jintao's interview with the WSJ is that China is ready for the yuan to play a larger role in the global economy. But the interview just caps what was already a big week for the Chinese currency. For example, China said for the first time that it will low foreign investors to participate in yuan-denominated private equity vehicles.

Sen. Jim DeMint (R- S.C.) said that if President Barack Obama gets his way and the Senate ratifies the United Nations Convention on the Rights of the Child, the precedent would be set to place parental rights under the jurisdiction of the international community. “We believe we need to take clear action here in Congress to protect the rights of parents to raise their children," DeMint said at a Wednesday panel discussion. "This treaty would, in fact, establish a precedent that those rights have been given over to the international community." DeMint is lead sponsor of S. Res. 519, a...

NEW YORK (MarketWatch) -- U.S. stocks sank broadly Friday, pushing the Dow Jones Industrial Average well below the 10,000 level following a weaker-than-expected job report and renewed worries about euro-zone debt. Major stock indexes are also on pace to close out the first week of June solidly in the red, despite a big rally on Wednesday and slight gains on Thursday. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 9,934, -321.27, -3.13%) was down 327 points, or 3.2%, to 9,927, in recent trading, as investors expressed their concern with the government's May nonfarm payrolls report.

The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history. By Ambrose Evans-Pritchard Published: 9:40PM BST 26 May 2010 Reverse side of a US twenty dollar bill matched up with the north side of the White House in Washington, DC The stock of money in the US fell from $14.2 trillion to $13.9 trillion in the three months to April, amounting to an annual rate of contraction of 9.6pc Photo: AFP The M3...

Environmental Protection Agency (EPA) declare carbon a toxic pollutant Obama pulls end run As I wrote here yesterday, I believe the feeding frenzy currently taking place at the Copenhagen trough will result in the ultimate global governance of every man woman and child on the planet. A climate treaty may not actually be signed and agreed upon by the 192 countries whose representatives are currently living LARGE on caviar and limousines at the conference, but the rules such a treaty might impose will still take effect. The main reason to believe this will happen is that President Barack Obama has...

(CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a “global” tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending. At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach. The House speaker said that a transaction tax could be imposed in conjunction with congressional efforts to divert funds from the...

U.N. Undersecretary-General for Economic and Social Affairs, Sha Zukang, back to camera, talks to Indian Prime Minister Manmohan Singh, right, as Maldives President Mohamed Nasheed, left, and Indian Environment Minister Jairam Ramesh, second from left, look on at an international conference on technology and climate change in New Delhi, India, Thursday, Oct. 22, 2009. (AP Photo/Manish Swarup) (CNSNews.com) – Sen. James Inhofe (R-Okla.), ranking member of the Senate Committee on Environment and Public Works, is calling on Chairman Barbara Boxer (D-Calif.) to conduct hearings on a possible conspiracy between some of the world’s most prominent climatologists to, among other things,...

Still think there's no money in spreading global warming alarmism? Well, how'd you like to make $1,200 just for shaking someone's hand and having your picture taken with the sycophant? This is what Al "I'm Only Doing This To Save The Planet" Gore is charging for such an honor at next week's climate change conference in Copenhagen. Nice work if you can get it, huh? "Meet Al Gore in Copenhagen." The official announcement from this fair Danish city says it all. The former vice president is getting star treatment when he arrives with an entire swarm of green-minded gadflies for...

Remember it for your grandchildren: Saturday, November 21, 2009—the day of the Transformation of America. That’s the day Global Marxism will begin its inexorable march to take down the Free World, starting with its leader the United States of America. There will be no shots fired, but the aim of the U.S. Senate’s poison arrow is right on target at the heart of humanity. While America’s Marxist President is abroad, Senate Majority House Leader Harry Reid is tying the red ribbon bow on his Christmas present, the Transformation, and Take Down of the United States of America. “Senate Majority...

An official announcement by the Obama administration disclosing the reality of extraterrestrial life is imminent. For several months, senior administration officials have been quietly deliberating behind closed doors how much to disclose to the world about extraterrestrial life. Dissatisfaction among powerful institutions such as the U.S. Navy over the decades-long secrecy policy has given a boost to efforts to disclose the reality of extraterrestrial life and technology. The impending disclosure announcement follows upon the secret implementation of a year long openness policy on UFOs and extraterrestrial life. Over the period February 12-14, 2008, the United Nations held closed doors discussions...

In light of Lord Monckton’s recent dire warning about how a new treaty on carbon emissions is actually meant to institute a global bureaucratic authority, I thought it would be useful to point out the particulars and provide the background showing that, if anything, he has understated his case. It may take years before it becomes evident, but this IS about global government, with your rights and property signed away to a remote and unaccountable undemocratic bureaucracy at the flick of Barack Obama’s pen, the moment he signs said document. “Sign” did I say? Don’t treaties have to be ratified...

Not content with his humiliation at Copenhagen, Denmark this past September, President Obama will be traveling there again in December to attend the UN COP15 Climate Change Conference. This agreement would commit the United States to punitive and expensive greenhouse gas regulations dictated by the United Nations without recourse. COP stands for "Conference of the Parties" and the December Copenhagen conference will be the 15th under the United Nations Framework Convention on Climate Change (UNFCCC), hence COP15. According to their website, it will be one of the largest conferences ever held outside the New York or Geneva headquarters, with an...

On my first trip to the United States, aged 22, I was in a bar in New York, where a young Democrat lady from the Mid West started apologising to me about America's foreign policy and dominance of Europe and the world, McDonald's, Reagan etc. She was a bit shocked when I turned on her, explaining that the only reason we could sleep safely in our beds in Europe, without fearing a knock at the door and a "come wiz us, please, comrade", was because Truman, Ike and co had chosen not to leave us to our own mess in...

World Bank President Robert Zoellick called Monday for the Group of Seven industrialized nations to be expanded to include major developing countries, saying the current world leadership structure is ill- equipped to deal with global crises. Laying out a broad vision for a "new multilateralism," Zoellick pushed for greater cooperation in everything from financial and economic issues to energy and trade. "Our New Multilateralism must build toward a sense of shared responsibility for the health of the global political economy," he said in prepared remarks for a speech to the Peterson Institute for International Economics. "This means - chiefly and...

Denver—With a recent move to relegate peaceful protestors beneath the Denver homeless population, Re-create 68 has now vowed that there will indeed be “a bloodbath” at the Democratic National Convention should they try to keep them fenced in. The American Civil Liberties Union and several advocacy groups have filed an amended complaint to their lawsuit, stating that their First Amendment rights have been violated by security restrictions. “What the hell do they think we are? Barnyard animals,” asked Tom Mestnik, a member of The Re-create ’68 Alliance, an umbrella group organizing the protesters. “They’re giving the homeless a free pass...