SINGAPORE (Reuters) – U.S. President Barack Obama called on Saturday for a new strategy to rebalance global growth, but leaders around the Pacific rim, gathering for a weekend summit, took aim at signs of U.S. trade protectionism.
Obama, who arrived in Singapore late on Saturday for the Asia Pacific Economic Cooperation (APEC) summit, reiterated his call to redress the economic imbalances blamed by many for the global financial crisis.
Some say APEC stands for Aging Politicans Enjoying Cocktails; others say its stands for A Place to Enjoy Coffee.
I am tweeting on blackberry so I can tell more communities what the haps are.
As companies shed jobs and governments inject funds to stimulate economies, recession-hit believers in once-booming Southeast Asia are flocking to temples, churches and mosques to seek solace in religion — and pray for a quick economic recovery.
Meditation centres have also seen an upswing in attendance and people seek peace and calm amid the economic downturn.