Return of the Mac

Further to very recent postings we read of Turkey's president, Abdullah Gul, and his comments to the UK based Guardian publication on Saturday past regarding a global new world order. From EU business:

Turkish President Abdullah Gul predicted "a new world order" of joint international action, in an interview published in Britain on Saturday.

He added that the conflict in Georgia shows the United States can no longer shape global politics on its own, and that it should start sharing power with other nations.

And of how this may be achieved? -

Elsewhere in his interview, Gul said Turkey could play a key role in bridging the gap between Europe and turbulent areas, and that joining the European Union was Ankara's "main agenda".

Recalling Barrack Obama's very recent speech in Berlin - as noted in my post Syncronised Goat Herding :

The walls between races and tribes; natives and immigrants; Christian and Muslim and Jew cannot stand. These now are the walls we must tear down. That is why America cannot turn inward. That is why Europe cannot turn inward. America has no better partner than Europe."

Yesterday too we saw more new world global development with the announcement that Pakistan's president Pervez Musharraf is to resign. This caused the Karachi Stock Exchange 100 share index to rise by 4.47% , not a bad return in a single day. We read more of this immediate rise in a nation's economic on-paper-prosperity from the BBC:

The Pakistan rupee started to strengthen on the news, after hitting a record low against the dollar on fears that Mr Musharraf would be impeached. Azhar Ahmad Batla of WE Brokerage House said: "The market could grow more and the rupee could get stronger against the dollar if the country sees good governance in future."

But he warned: "It could go down if the political scene is again troubled."

Going back to America, we hear of troubling news regarding the US economy from former IMF chief economist Kenneth Rogoff, again from the BBC, under the headline US Bank to "fail within months":

The global financial crisis is set to get worse, with a large US bank likely to collapse in the next few months, a former IMF chief economist has warned.

Kenneth Rogoff's comments came as shares in Fannie Mae and Freddie Mac sank on a report that the home lenders would, in effect, be nationalised

From Tell them about the mason, Jason!:

"We cannot tell a lie. George Washington, America's first president was a Scottish Freemason"

cheers