What's Next for International Capitalism?

Making News

Obama and Medvedev Discuss Reduction of Nuclear Warheads ()

After a closed-door meeting today, President Obama and Russia's President Medvedev agreed in brief statements that relations between the two countries have been allowed to “drift.” They agreed to cooperate on a broad range of issues, including reduction of nuclear weapons. Michael Scherer is White House correspondent for Time magazine.

Guests:

• Michael Scherer: Correspondent, Time Magazine, @michaelscherer

Main Topic

What's Next for International Capitalism? ()

Barack Obama met Queen Elizabeth today, as protests turned violent on the streets of London. The leaders of 20 countries are preparing to meet on the global financial meltdown, and the eyes of the world are on the new President of the United States. Obama and Britain's Prime Minister Gordon Brown are calling for unified action, but France and Germany, Eastern Europe and the nations of Asia all have their own ideas. Can they agree on the need for economic stimulus, increased regulation or more money for the International Monetary Fund? Can Obama lead the way out of a crisis that started here and infected the rest of the world?

Guests:

• Mary Dejevsky: Chief Editorial Writer, Independent
• Wolfgang Munchau: Associate Editor, Financial Times
• Arvind Subramanian: Senior Fellow, Peterson Institute for International Economics
• Brad Setser: Fellow for Geoeconomics, Council on Foreign Relations

Links:

• The Independent on violent demonstrations surrounding London Summit
• Financial Times blog on the G-20 summit
• Subramanian on the need for a truly international monetary fund
• Center for Global Development on the G-20 summit
• Council on Foreign Relations backgrounder on the G-20 summit
• Setser's article on remaking the global financial system

Reporter's Notebook

Justice Department Drops Charges against Alaska Senator Ted Stevens ()

Last October, Senator Ted Stevens was convicted on seven counts of making false statements to hide gifts and home renovations. A week later, the 85-year-old who had served in the Senate longer than any other Republican, lost his bid for reelection. Today, Attorney General Eric Holder asked the judge in the case to throw out the conviction. Mark Silva is Washington correspondent for the Chicago Tribune and the Los Angeles Times.

Guests:

• Mark Silva: White House Correspondent, Los Angeles Times and Chicago Tribune