"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Saturday, August 09, 2008

Russian jets bomb deep inside Georgia as "massive forces" take Tshkinvali



Thhe BBC have excellent reports with video of residential buildings bombed by Russian jets in Gori.Eyewitness: Scenes of panic in Gori

Russian jets have carried out strikes on military targets in the central Georgian town of Gori, close to the breakaway region of South Ossetia.



Most of the targets seem to have been military bases, but Georgian officials said a number of civilians had been killed in residential buildings.

Russia said it had "liberated" the South Ossetian capital, Tskhinvali.

BBC Picture Gallery

Earlier, Russian President Dmitry Medvedev said his country was seeking "to force the Georgian side to peace".

Excellent background / history , plus news and comments piece in Scotsman today

at 8/09/2008 11:39:00 am

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