☀️ JOIN SPN MOBILE
Forums
New posts
Guru Granth Sahib
Composition, Arrangement & Layout
ਜਪੁ | Jup
ਸੋ ਦਰੁ | So Dar
ਸੋਹਿਲਾ | Sohilaa
ਰਾਗੁ ਸਿਰੀਰਾਗੁ | Raag Siree-Raag
Gurbani (14-53)
Ashtpadiyan (53-71)
Gurbani (71-74)
Pahre (74-78)
Chhant (78-81)
Vanjara (81-82)
Vaar Siri Raag (83-91)
Bhagat Bani (91-93)
ਰਾਗੁ ਮਾਝ | Raag Maajh
Gurbani (94-109)
Ashtpadi (109)
Ashtpadiyan (110-129)
Ashtpadi (129-130)
Ashtpadiyan (130-133)
Bara Maha (133-136)
Din Raen (136-137)
Vaar Maajh Ki (137-150)
ਰਾਗੁ ਗਉੜੀ | Raag Gauree
Gurbani (151-185)
Quartets/Couplets (185-220)
Ashtpadiyan (220-234)
Karhalei (234-235)
Ashtpadiyan (235-242)
Chhant (242-249)
Baavan Akhari (250-262)
Sukhmani (262-296)
Thittee (296-300)
Gauree kii Vaar (300-323)
Gurbani (323-330)
Ashtpadiyan (330-340)
Baavan Akhari (340-343)
Thintteen (343-344)
Vaar Kabir (344-345)
Bhagat Bani (345-346)
ਰਾਗੁ ਆਸਾ | Raag Aasaa
Gurbani (347-348)
Chaupaday (348-364)
Panchpadde (364-365)
Kaafee (365-409)
Aasaavaree (409-411)
Ashtpadiyan (411-432)
Patee (432-435)
Chhant (435-462)
Vaar Aasaa (462-475)
Bhagat Bani (475-488)
ਰਾਗੁ ਗੂਜਰੀ | Raag Goojaree
Gurbani (489-503)
Ashtpadiyan (503-508)
Vaar Gujari (508-517)
Vaar Gujari (517-526)
ਰਾਗੁ ਦੇਵਗੰਧਾਰੀ | Raag Dayv-Gandhaaree
Gurbani (527-536)
ਰਾਗੁ ਬਿਹਾਗੜਾ | Raag Bihaagraa
Gurbani (537-556)
Chhant (538-548)
Vaar Bihaagraa (548-556)
ਰਾਗੁ ਵਡਹੰਸ | Raag Wadhans
Gurbani (557-564)
Ashtpadiyan (564-565)
Chhant (565-575)
Ghoriaan (575-578)
Alaahaniiaa (578-582)
Vaar Wadhans (582-594)
ਰਾਗੁ ਸੋਰਠਿ | Raag Sorath
Gurbani (595-634)
Asatpadhiya (634-642)
Vaar Sorath (642-659)
ਰਾਗੁ ਧਨਾਸਰੀ | Raag Dhanasaree
Gurbani (660-685)
Astpadhiya (685-687)
Chhant (687-691)
Bhagat Bani (691-695)
ਰਾਗੁ ਜੈਤਸਰੀ | Raag Jaitsree
Gurbani (696-703)
Chhant (703-705)
Vaar Jaitsaree (705-710)
Bhagat Bani (710)
ਰਾਗੁ ਟੋਡੀ | Raag Todee
ਰਾਗੁ ਬੈਰਾੜੀ | Raag Bairaaree
ਰਾਗੁ ਤਿਲੰਗ | Raag Tilang
Gurbani (721-727)
Bhagat Bani (727)
ਰਾਗੁ ਸੂਹੀ | Raag Suhi
Gurbani (728-750)
Ashtpadiyan (750-761)
Kaafee (761-762)
Suchajee (762)
Gunvantee (763)
Chhant (763-785)
Vaar Soohee (785-792)
Bhagat Bani (792-794)
ਰਾਗੁ ਬਿਲਾਵਲੁ | Raag Bilaaval
Gurbani (795-831)
Ashtpadiyan (831-838)
Thitteen (838-840)
Vaar Sat (841-843)
Chhant (843-848)
Vaar Bilaaval (849-855)
Bhagat Bani (855-858)
ਰਾਗੁ ਗੋਂਡ | Raag Gond
Gurbani (859-869)
Ashtpadiyan (869)
Bhagat Bani (870-875)
ਰਾਗੁ ਰਾਮਕਲੀ | Raag Ramkalee
Ashtpadiyan (902-916)
Gurbani (876-902)
Anand (917-922)
Sadd (923-924)
Chhant (924-929)
Dakhnee (929-938)
Sidh Gosat (938-946)
Vaar Ramkalee (947-968)
ਰਾਗੁ ਨਟ ਨਾਰਾਇਨ | Raag Nat Narayan
Gurbani (975-980)
Ashtpadiyan (980-983)
ਰਾਗੁ ਮਾਲੀ ਗਉੜਾ | Raag Maalee Gauraa
Gurbani (984-988)
Bhagat Bani (988)
ਰਾਗੁ ਮਾਰੂ | Raag Maaroo
Gurbani (889-1008)
Ashtpadiyan (1008-1014)
Kaafee (1014-1016)
Ashtpadiyan (1016-1019)
Anjulian (1019-1020)
Solhe (1020-1033)
Dakhni (1033-1043)
ਰਾਗੁ ਤੁਖਾਰੀ | Raag Tukhaari
Bara Maha (1107-1110)
Chhant (1110-1117)
ਰਾਗੁ ਕੇਦਾਰਾ | Raag Kedara
Gurbani (1118-1123)
Bhagat Bani (1123-1124)
ਰਾਗੁ ਭੈਰਉ | Raag Bhairo
Gurbani (1125-1152)
Partaal (1153)
Ashtpadiyan (1153-1167)
ਰਾਗੁ ਬਸੰਤੁ | Raag Basant
Gurbani (1168-1187)
Ashtpadiyan (1187-1193)
Vaar Basant (1193-1196)
ਰਾਗੁ ਸਾਰਗ | Raag Saarag
Gurbani (1197-1200)
Partaal (1200-1231)
Ashtpadiyan (1232-1236)
Chhant (1236-1237)
Vaar Saarang (1237-1253)
ਰਾਗੁ ਮਲਾਰ | Raag Malaar
Gurbani (1254-1293)
Partaal (1265-1273)
Ashtpadiyan (1273-1278)
Chhant (1278)
Vaar Malaar (1278-91)
Bhagat Bani (1292-93)
ਰਾਗੁ ਕਾਨੜਾ | Raag Kaanraa
Gurbani (1294-96)
Partaal (1296-1318)
Ashtpadiyan (1308-1312)
Chhant (1312)
Vaar Kaanraa
Bhagat Bani (1318)
ਰਾਗੁ ਕਲਿਆਨ | Raag Kalyaan
Gurbani (1319-23)
Ashtpadiyan (1323-26)
ਰਾਗੁ ਪ੍ਰਭਾਤੀ | Raag Prabhaatee
Gurbani (1327-1341)
Ashtpadiyan (1342-51)
ਰਾਗੁ ਜੈਜਾਵੰਤੀ | Raag Jaijaiwanti
Gurbani (1352-53)
Salok | Gatha | Phunahe | Chaubole | Swayiye
Sehskritee Mahala 1
Sehskritee Mahala 5
Gaathaa Mahala 5
Phunhay Mahala 5
Chaubolae Mahala 5
Shaloks Bhagat Kabir
Shaloks Sheikh Farid
Swaiyyae Mahala 5
Swaiyyae in Praise of Gurus
Shaloks in Addition To Vaars
Shalok Ninth Mehl
Mundavanee Mehl 5
ਰਾਗ ਮਾਲਾ, Raag Maalaa
What's new
New posts
New media
New media comments
New resources
Latest activity
Videos
New media
New comments
Library
Latest reviews
Donate
Log in
Register
What's new
New posts
Menu
Log in
Register
Install the app
Install
Welcome to all New Sikh Philosophy Network Forums!
Explore Sikh Sikhi Sikhism...
Sign up
Log in
Discussions
Hard Talk
Interviews
G-7 Leaders Discuss Debt Crisis After U.S. Credit Downgrade
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Archived_Member16" data-source="post: 150990" data-attributes="member: 884"><p><span style="color: Navy">August 7, 2011</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy"><strong><span style="font-size: 18px">G-7 Leaders Discuss Debt Crisis After U.S. Credit Downgrade </span></strong></span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy"><strong>By MARI YAMAGUCHI 08/ 7/11 07:19 AM ET - Associated Press</strong></span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy"><strong>TOKYO </strong>-- The world's leading economies on Sunday urgently discussed the stability of financial markets after a historic U.S. credit downgrade rattled investors already worried about European debt crises.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Deputies from the Group of 20 advanced and emerging economies talked by telephone Sunday about proposals to minimize market shocks, South Korea's central bank said. And the financial ministers from the Group of Seven economies planned talks before Asian markets open Monday.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">The countries are concerned Standard & Poor's downgrade of the U.S. credit rating late Friday will shake global markets. In a sign of the fallout, Middle East markets tumbled Sunday on the first day of business after the downgrade.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Kyodo News agency reported Sunday that G-7 deputy finance ministers had agreed on a conference call among the higher-level ministers, who are likely to discuss the U.S. downgrade as well as the eurozone sovereign debt concerns.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Japan's Senior Vice Finance Minister Fumihiko Igarashi hinted Sunday that Tokyo would intervene again in the currency market if excessive fluctuations continue. It acted Thursday to weaken the yen and protect Japan's recovery from an earthquake and tsunami in March.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">"It's not over yet. We will act again if we see speculative moves," Igarashi said on a talk show Sunday on public broadcaster NHK, referring to a possibility for more rounds of yen-selling intervention.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">The Bank of Korea, South Korea's central bank, said in a statement Sunday that deputy officials from the Group of 20 advanced and emerging economies talked by phone and that G-20 officials plan to continue to strengthen policy coordination to pursue a common response. South Korea is a G-20 member.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">The statement, issued after a meeting of South Korean finance officials, also said the S&P downgrade had not changed South Korea's confidence regarding U.S. Treasurys.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">China, the largest foreign holder of U.S. debt, has yet to comment on the downgrade.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">However, in an editorial Sunday, the ruling Communist Party's flagship People's Daily newspaper called it a "warning bell" for countries like China whose economies are heavily reliant on exports.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">"Regardless of whether they are Asian countries that export manufactured goods or Latin America, the Middle East and Russia that rely on exports of natural resources, all now face the threat of seeing their holdings of U.S. debt decline in value and deteriorate in liquidity," the paper said.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Credit rating agency S&P said it would strip the U.S. of its sterling AAA credit rating for the first time and move it down one notch, to AA+.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">"Our initial sense is that the S&P decision will do nothing to calm jangled nerves at the beginning of the week," Russell Jones, of Australia's Westpac Institutional Bank, wrote in a report Sunday. "Treasury yields are initially likely to move higher, perhaps sharply so, and risk assets will also suffer further losses."</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Still, he added that Treasury weakness was unlikely to last long for various factors, including that the U.S. still retains its top credit rating with Moody's Investors Service and Fitch Ratings.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Middle East markets, open Sunday through Thursday, were the first to react to the downgrade. Dubai's main market index briefly fell more than 5 percent in early trading, and other Gulf markets also opened sharply lower.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Israel's Tel Aviv Stock Exchange delayed the start of the week's first session after pre-market trade showed the benchmark index dropping more than 6 percent because of concerns over the U.S. debt rating cut. Exchange spokeswoman Idit Yaaron said the start was pushed back by 45 minutes "so market players will have time to react logically and not under pressure."</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">U.S. markets and others reopen Monday but have had rough patches recently. The Dow Jones industrial average dropped 512 points Thursday, its worst performance since the financial crisis of 2008, and regained only a fraction of that drop Friday.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Japan's Nikkei index lost ground in the past week due to debt crisis developments.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Both Italian Premier Silvio Berlusconi and EU Monetary Affairs Commissioner Olli Rehn on Friday called for coordination between G-7 countries, saying the crisis has to be tackled on a global level.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">The G-7 includes Britain, Canada, France, Germany, Italy, the U.S. and Japan, while the G-20 includes those countries and others with large and emerging economies.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Many economists see the world's big central banks as the last line of defense at this moment in the crisis, after policymakers in Europe and the U.S. have failed to agree on the kind of shock-and-awe moves that many investors demand.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">In the eurozone, the summer recess of national parliaments is delaying the implementation of crucial changes to the currency union's bailout fund that could help save Italy and Spain from expensive bailouts.</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy">Many investors have also been calling on the U.S. Federal Reserve to start pumping money into the American economy again to help underpin the slowing economic recovery.</span></p><p><span style="color: Navy">___</span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy"><em>Associated Press writers Kelly Olsen in Seoul, South Korea, and Christopher Bodeen in Beijing contributed to this report.</em></span></p><p><span style="color: Navy"></span></p><p><span style="color: Navy"><strong>source:</strong> <a href="http://www.huffingtonpost.com/2011/08/07/g7-debt-crisis_n_920393.html?ir=Canada" target="_blank">http://www.huffingtonpost.com/2011/08/07/g7-debt-crisis_n_920393.html?ir=Canada</a></span></p></blockquote><p></p>
[QUOTE="Archived_Member16, post: 150990, member: 884"] [COLOR="Navy"]August 7, 2011 [B][SIZE="5"]G-7 Leaders Discuss Debt Crisis After U.S. Credit Downgrade [/SIZE][/B] [B]By MARI YAMAGUCHI 08/ 7/11 07:19 AM ET - Associated Press[/B] [B]TOKYO [/B]-- The world's leading economies on Sunday urgently discussed the stability of financial markets after a historic U.S. credit downgrade rattled investors already worried about European debt crises. Deputies from the Group of 20 advanced and emerging economies talked by telephone Sunday about proposals to minimize market shocks, South Korea's central bank said. And the financial ministers from the Group of Seven economies planned talks before Asian markets open Monday. The countries are concerned Standard & Poor's downgrade of the U.S. credit rating late Friday will shake global markets. In a sign of the fallout, Middle East markets tumbled Sunday on the first day of business after the downgrade. Kyodo News agency reported Sunday that G-7 deputy finance ministers had agreed on a conference call among the higher-level ministers, who are likely to discuss the U.S. downgrade as well as the eurozone sovereign debt concerns. Japan's Senior Vice Finance Minister Fumihiko Igarashi hinted Sunday that Tokyo would intervene again in the currency market if excessive fluctuations continue. It acted Thursday to weaken the yen and protect Japan's recovery from an earthquake and tsunami in March. "It's not over yet. We will act again if we see speculative moves," Igarashi said on a talk show Sunday on public broadcaster NHK, referring to a possibility for more rounds of yen-selling intervention. The Bank of Korea, South Korea's central bank, said in a statement Sunday that deputy officials from the Group of 20 advanced and emerging economies talked by phone and that G-20 officials plan to continue to strengthen policy coordination to pursue a common response. South Korea is a G-20 member. The statement, issued after a meeting of South Korean finance officials, also said the S&P downgrade had not changed South Korea's confidence regarding U.S. Treasurys. China, the largest foreign holder of U.S. debt, has yet to comment on the downgrade. However, in an editorial Sunday, the ruling Communist Party's flagship People's Daily newspaper called it a "warning bell" for countries like China whose economies are heavily reliant on exports. "Regardless of whether they are Asian countries that export manufactured goods or Latin America, the Middle East and Russia that rely on exports of natural resources, all now face the threat of seeing their holdings of U.S. debt decline in value and deteriorate in liquidity," the paper said. Credit rating agency S&P said it would strip the U.S. of its sterling AAA credit rating for the first time and move it down one notch, to AA+. "Our initial sense is that the S&P decision will do nothing to calm jangled nerves at the beginning of the week," Russell Jones, of Australia's Westpac Institutional Bank, wrote in a report Sunday. "Treasury yields are initially likely to move higher, perhaps sharply so, and risk assets will also suffer further losses." Still, he added that Treasury weakness was unlikely to last long for various factors, including that the U.S. still retains its top credit rating with Moody's Investors Service and Fitch Ratings. Middle East markets, open Sunday through Thursday, were the first to react to the downgrade. Dubai's main market index briefly fell more than 5 percent in early trading, and other Gulf markets also opened sharply lower. Israel's Tel Aviv Stock Exchange delayed the start of the week's first session after pre-market trade showed the benchmark index dropping more than 6 percent because of concerns over the U.S. debt rating cut. Exchange spokeswoman Idit Yaaron said the start was pushed back by 45 minutes "so market players will have time to react logically and not under pressure." U.S. markets and others reopen Monday but have had rough patches recently. The Dow Jones industrial average dropped 512 points Thursday, its worst performance since the financial crisis of 2008, and regained only a fraction of that drop Friday. Japan's Nikkei index lost ground in the past week due to debt crisis developments. Both Italian Premier Silvio Berlusconi and EU Monetary Affairs Commissioner Olli Rehn on Friday called for coordination between G-7 countries, saying the crisis has to be tackled on a global level. The G-7 includes Britain, Canada, France, Germany, Italy, the U.S. and Japan, while the G-20 includes those countries and others with large and emerging economies. Many economists see the world's big central banks as the last line of defense at this moment in the crisis, after policymakers in Europe and the U.S. have failed to agree on the kind of shock-and-awe moves that many investors demand. In the eurozone, the summer recess of national parliaments is delaying the implementation of crucial changes to the currency union's bailout fund that could help save Italy and Spain from expensive bailouts. Many investors have also been calling on the U.S. Federal Reserve to start pumping money into the American economy again to help underpin the slowing economic recovery. ___ [I]Associated Press writers Kelly Olsen in Seoul, South Korea, and Christopher Bodeen in Beijing contributed to this report.[/I] [B]source:[/B] [url]http://www.huffingtonpost.com/2011/08/07/g7-debt-crisis_n_920393.html?ir=Canada[/url][/color] [/QUOTE]
Insert quotes…
Verification
Post reply
Discussions
Hard Talk
Interviews
G-7 Leaders Discuss Debt Crisis After U.S. Credit Downgrade
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top