BUSINESS
November 9, 2010 | By Christi Parsons and Don Lee, Los Angeles Times
Tensions rose ahead of this week's Group of 20 summit as Russia and China on Monday joined in the criticisms of the Federal Reserve's plan to pump billions of dollars into the U.S. credit system ? even as President Obama took the unusual step of defending the central bank's action as good for the global economy. After initially saying he wouldn't comment on specific Fed actions, Obama then jumped into the increasingly testy international spat by saying that the Fed's mandate, like his, is to grow the U.S. economy.
NATIONAL
October 4, 2009 | Associated Press
A self-described anarchist from New York City has been accused of sending Twitter messages with the location of police officers so that protesters could evade them during the Group of 20 economic summit in Pittsburgh. Pennsylvania State Police arrested Elliot Madison, alleging he used Twitter to direct the movement of protesters and inform them about law enforcement actions at last month's summit. The New York Post reported the arrest in Saturday editions. Court papers filed by Madison's attorney say that FBI agents executed a search warrant at the 41-year-old's Queens home.
BUSINESS
September 26, 2009 | Don Lee
Acting in unison to prevent a repeat of the financial crisis, world leaders pledged Friday to undertake an ambitious and coordinated effort to overhaul banking practices and build a new global economic model. The plan, unveiled at the conclusion of the Group of 20 summit here, would set constraints on executive pay at financial firms, impose tougher standards on banks and launch a process aimed at correcting economic imbalances, such as China's large trade surpluses and the United States' huge deficits.
BUSINESS
September 26, 2009 | P.J. Huffstutter
The People's March had just reached the edges of Steel City's downtown, at the halfway point in the three-mile protest, and Robert Shepherd's feet ached with each step. The gray-haired former bookstore clerk was one of several thousand peaceful demonstrators who took to the streets of Pittsburgh on Friday to call attention to a host of ills they attributed to the economic policies of the world leaders convening at the Group of 20 summit. It had been four decades since he had marched across college campuses to protest the war in Vietnam and to fight for civil rights.
BUSINESS
September 25, 2009 | Don Lee and Jim Tankersley
Leaders of the world's biggest economies gathering here for the Group of 20 summit have agreed that the organization will replace the Group of Eight as a permanent body for international economic cooperation, the White House announced late Thursday. The change reflects the world's shifting economic powers and a need for the U.S. and the traditional European powers to secure the cooperation of fast-growing economies such as China, India and Brazil to make progress on pressing issues.
BUSINESS
September 25, 2009 | P.J. Huffstutter
As the sky threatened rain here, nearly 2,000 protesters gathered in Arsenal Park on Thursday with a variety of grievances, setting off some clashes with police, and moved toward the distant convention center where world leaders are set to meet today. Major economic conferences have become regular targets for protest groups, and it was no different on the eve of the so-called G-20 summit, the meeting of leaders from the world's 20 largest economies. About the time that President Obama and his wife, Michelle, were stepping off Air Force One, protesters started throwing rocks at police and police cars and dragging trash containers into the middle of the street to block traffic.