National Sovereignty

Global governance’ in our vocabulary does not imply a global 'government', but rather the institution set up for cooperation, coordination, and common action between durable sovereign states…people and nations are beginning to agree To take the next steps together. They are reaching a consensus by practical procedures rather than by the formal voting of governmental representatives; many International functions, especially those requiring the most foresight and operational flexibility, and be carried out through non governmental arrangements. –Club of Rome

"The terrorist catastrophes in New York and Washington swept away media comment on other global events taking place on September 11, 2001. Virtually obscured on that historic agreement reached in Lima, Peru by the foreign ministers of the Organization of American States (OAS) on the Inter-American Democratic Charter. –Lou Dobbs, CNN

The euro is overvalued and the European Central Bank needs a political counterweight to compensate for the fact that is it ”ultra-powerful”, the head of International Monetary Fund was quoted as saying on Monday. IMF director general Dominique Strauss-Kahn praised the ECB for containing inflation, but told Le Monde newspaper that eurozones countries needed to appoint a political supremo to make sure economic growth was promoted. ”The problem with the euro is that the European Central Bank, which does a good job controlling inflation, is ultra-powerful,” Strauss-Kahn was quoted as saying.

The Advisory Committee on International Economic Policy (ACIEP) will meet on Monday, March 10, 2008, at 2:00 p.m. in Room 1105 of the Harry S. Truman Building. The meeting will last until approximately 4:00 p.m. and is open to the public. The meeting will be hosted by Assistant Secretary of State for Economic, Energy and Business Affairs (EEB) Daniel S. Sullivan and Committee Chairman Theodore Kassinger.

Under George W. Bush, the United States has not lived up to its historic role as a leader in the Western Hemisphere. As president, I will restore that leadership by working to advance the common prosperity and security of all of the people of the Americas. That work must begin with a renewed strategic partnership with Mexico.

The United States and Canada have inked an agreement to help one another during civil emergencies. Air Force Gen. Gene Renuart, commander of North American Aerospace Defense Command and Northern Command based at Peterson Air Force Base, and Canadian Air Force Lt. Gen. Marc Dumais, Canada Command commander, signed the pact last week.

Popular concern over the role of sovereign wealth funds is certainly understandable. In the aftermath of the US subprime lending fiasco, sovereign wealth funds have bought considerable stakes in some of America's most recognized firms. The pace of these high profile purchases seems to be about one per week. This has resulted in a field of alarmist commentary that ranges between the assertion that America is being "bought up" by Abu Dhabi, Singapore and China, and the assertion we are witnessing the eclipse of the American phenomenon.

Chief of Pakistan's Muttahida Qaumi Movement Altaf Hussain has warned that the United States is planning to partition the country. "We want to save Pakistan. The big powers are casting evil eyes over the country," the MQM leader said in London.

Top trade officials from the European Union and the United States called Monday for an agreement on global trade talks by the end of this year.

With the world’s financial markets teetering on the brink of panic, the world’s most powerful executives, financiers and politicians will be searching for answers to the global credit meltdown when they gather for their annual retreat in this week in the Swiss Alps.