WORLD EVENTS
US HEALTH CARE BILL PASSES CONGRESS: Obama's 2,700 page healthcare bill finally passed US Congress and it will offer 30 million more Americans with health insurance than are insured today. The Federal Government will immediately sponsor 5 Billion dollars in healthcare insurance.
RIOTS IN THAILAND: Thousands of supporters of Thai Premier Shinawatra protest in Bangkok demanding the Thai government to step down. Riot police and soldiers were deployed outside government offices. The Thai Prime Minister rejects protesters demands for his resignation.
FRANCES ECONOMIC ADVICE TO GERMANY: Frances Finance Minister Chritine Largarde has warned Germany that its trade surpluses are unsustainable because they are built upon low labour costs.
THE CHINESE YUAN: Chinese Premier Wen Jiabao claims that the “The Chinese Yuan is not undervalued”. He further said that “if you restrict trade with China, you are hurting your own countries’ firms”.
THE ARMS BUILD UP IN SOUTH EAST ASIA: China’s increased power has caused its neighbours to increase their spending on defence.
US - ISRAEL RELATIONS AT LOWEST POINT SINCE 1975: US ties with Israel have sunk to 35 year low, over Israel's announcement to settle a further 1,600 homes for Jewish Israelis in East Jerusalem.
INDIA'S INFLATION HITS 9.9%: India's inflation hits 9.9% in February, driven by inflation in food prices, adding to pressure on policymakers to continue unwinding stimulus measures.
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