Economic Instability Tops Agenda For G20 Ministeri

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Economic Instability Tops Agenda For G20 Ministerial Meeting,[link widoczny dla zalogowanych]
Finance ministers from the Group of 20 largest economies meet in Paris Friday and Saturday to consider ways to maintain stability in the global economy. The ministers will also discuss soaring food prices that helped spark protests across the Arab world.
France has big ambitions for its G20 presidency this year,[link widoczny dla zalogowanych], but experts say there are obstacles to just meeting the immediate goals of this two-day finance ministers meeting. The ministers will try to agree to a set of tools to measure massive imbalances in the world economy - the kind of imbalances sparking the global economic downturn that many countries are still struggling to emerge from.Those tools include ways to measure high levels of public debt and deficit and real exchange rates - a key subject of controversy,[link widoczny dla zalogowanych], for example,[link widoczny dla zalogowanych], when it comes to China's currency.
The ministers will also address a sharp spike in prices for food and other basic goods in recent months that have been particularly hard for poor nations. High prices counted among the factors driving recent protests in Tunisia,[link widoczny dla zalogowanych], Egypt and other parts of the Arab world.French Finance Minister Christine Lagarde has outlined some of France's goals,[link widoczny dla zalogowanych], including creating a more stable monetary system and a less volatile pricing structure for raw materials.
Lagarde told France Info radio that France did not want to dictate prices. But she said transparency in the commodity market was critical. She also proposed establishing a kind of insurance mechanism for producers and consumers.The World Bank warned this week that world food prices had reached dangerous levels and that ensuring food security was a global concern.
Obama: Education Cornerstone to Future Job Gains
President Barack Obama says improving math and science education are key to the United States competing for new jobs and industries.Mr. Obama recorded his weekly address during a visit to Intel Corporation in the western United States. He said his administration has made education a top priority and that over the next ten years almost half of all new jobs will require more than a high school education.
Mr. Obama said the United States has everything it needs to compete for new jobs and industries. He said the country has bold entrepreneurs,[link widoczny dla zalogowanych], bright new ideas and world class colleges and universities.While Mr. Obama talked jobs,[link widoczny dla zalogowanych], Republican Representative Tom Price praised his party's push to cut $60 billion from the federal budget. He said Republican reforms will focus on getting the country's debt under control while providing health and retirement security for Americans.
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