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The crisis is redefining our leaders

Financial Times - If Monday’s market rally really does signal a turning point in the global financial crisis, the world will hail an improbable saviour. Step forward Gordon Brown, Britain’s gloomy prime minister. Until the crisis struck, the conventional wisdom was that Mr Brown was a tragic-comic figure: a man who had desperately wanted to be prime minister, but had proved hopelessly unfitted to the task.

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Sarkozy’s fiscal meeting raises diplomatic hackles

IHT - President Nicolas Sarkozy of France left the summit meeting on the financial crisis here last weekend in a triumphal mood, declaring that it had tamed the animal spirits of American capitalism. Then he went home and announced that he would hold his own summit meeting in a few weeks in Paris — [...]

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Austria confronts a leader’s sexuality

IHT - There were rumors for years, but they were widely ignored in Austria, a conservative nation not much interested in prying into the private lives of its leaders. Now, grieving over the death of Jörg Haider, the charismatic far-right politician, the country has been forced to confront directly the question of his sexuality [...]

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The U.S. Economic Crisis: Three Growth Scenarios

BusinessWeek - The financial crisis is a symptom, not a cause. At root, this is a crisis of the entire global economy as it has developed over the past 10 years. The U.S. must solve its trade deficit and invest its credit wisely.

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