November 5, 2011 – Our Blacks versus Theirs...Really!

Thanks....
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Yo Soy Latino Radio has been bringing great radio to your neighbors, friends, family, and to you (our listeners) for the past two years. We have done so with help and advertisers like you. But like everyone else in this tough economy we’ve had to tighten our belts and made choices to keep quality programming alive.

If we are to keep the doors open, the lights on and maintain great quality programming like this on the air in Central Florida given these tough economic times, WE NEED YOUR HELP! Your generous contribution today to the Yo Soy Latino Radio Show will fuel its commitment to bringing Central Florida’s focus on public media.

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Cool Trivia...
November 5, 2011
1492 – Christopher Columbus leans of maize (corn) from Indians of Cuba
1781 – John Hanson elected first “Pres of US in Congress assembled”
1871 – Susan B Anthony arrested for trying to vote in Rochester NY
1872 – Susan B Anthony fined $100 for trying to vote for Ulysses S Grant who was re- elected US president
1895 – First US patent granted for auto (George B Selden)
1916 – The Everett Massacre takes place in Everett Washington as political differences lead to a shoot-out between IWW organizers and local police
1925 – Mussolini disbands Italian socialist parties
1930 –Nobel for literature awarded to Sinclair Lewis for “Babbitt”
1935 – Parker Brothers launches game of MONOPOLY
1937 – Hitler informs his military leader of his intentions of going to war
1940 – Pres FDR (D) wins unprecedented 3rd term beating Wendell Willkie (R)
1942 – Nazi raid on Greek Jews in Paris
1946 – John F Kennedy (D-Mass) elected to House of Representatives
1961 – India’s premier Nehru arrives in NY
2006 – Saddam Hussein, former president of Iraq, and his co-defendants Barzan Ibrahim al-Tikriti and Awad Hamed al-Bandar are sentenced to death in the al-Dujail trial for the role in the massacre of the 148 Shi'as in 1982.

Sponsored by:
NAI Realvest
Need Commercial Property Contact Paul Partyka
Office location at 2200 Lucien Way, Maitland FL 32751
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Movies...
Top 10 Box Office
November 5, 2011
1. Puss in Boots
2. Paranormal Activity 3
3. In Time
4. Footloose
5. Headhunters
6. Real Steel
7. The Three Musketeers
8. The Ides of March
9. Moneyball
10. Courageous
11. The Thing
12. 50/50
Opening This Week:
Tower Heist
A Very Harold & Kumar 3D Christmas
Killing Bono
The Son of No One

Movie Review
Puss in Boots — Rating: 4 STARS
'Puss in Boots' was exactly what I had expected, and my expectations were high. It had great humor and Bandera’s does not disappoint. He is as charming now as he was in the first two Shrek movies. And, let’s not forget Selma Hayek who brings a little purrfect sexiness to Kitty Softpaws and becomes Puss’ love interest after an extended dance battle at an underground cat club—the Glitter Box—along with numerous cats dancing and following the laser lights. This film is cheerful, entertaining and fun. The visual details are impressive and the 3D effects add more of a wow factor. But here is where I stop as not to give anything away.

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Father Natures
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Breaking News...
World and Local News
November 5, 2011
World Bank Statement on the Group of 20 Summit in Cannes
Cannes, France (All Voices) – World Bank Group President Robert B. Zoellick today released the following statement at the G20 Summit in Cannes, France: "The G-20 today presented an agenda to restore confidence in the global economy through its commitment to reinvigorate growth, create jobs, ensure financial stability, and make globalization more sustainable and inclusive. As with all summit declarations, the proof will be in the implementation. "Representing 187 member countries, the World Bank Group is concerned about the spill-over effects from the crisis in the Eurozone on the poor in the developing world.

The effects of the crisis have already cast a shadow over growth prospects in developing countries that for the last five years supported the world economy by providing two-thirds of global growth. Trade finance and capital flows are under pressure and the fear is that asset prices and consumer and business demand could also suffer. Developing countries today are in a weaker position, when compared to the crisis year of 2008, to withstand another shock and their people are more vulnerable to downturns than those in developed countries.

"The summit usefully agreed to review IMF resources to address the crisis. There was also agreement that more needs to be done in Europe to prevent the Eurozone’s debt problems from becoming everyone else’s problem. This will require effective monitoring of economic reform efforts. It will also require that an adequately resourced European financial firewall is in place to prevent financial contagion from engulfing the more heavily indebted countries."

A Close Encounter with Earth
(Reuters) -- A huge asteroid (YU 55) -- a space rock of about 1,312 feet wide and 55 million tons in weight -- will pass closer to Earth than the moon on Tuesday at around 6:28 p.m. EST. This will be the largest object ever to approach our planet, which will be visible from the planet’s northern hemisphere. It will be too dim to be seen with the naked eye and moving way too fast for viewing by the Hubble Space Telescope. And according to senior research scientist Don Yeomans, with NASA’s Jet Propulsion Laboratory in Pasadena, California, “There is no chance that this object will collide with the Earth or moon.”

Bill Clinton’s Book ‘Back to Work’ Offers Job Creation Policies
New York (Huntington Post) -- Former President Bill Clinton says in a new book that last summer's political fight over raising the U.S. debt ceiling made the nation look "weak and confused" overseas and he doesn't know why President Barack Obama didn't seek a hike in the limit when Democrats still controlled both houses of Congress. He says the final deal did little to create jobs or solve the longer-term debt crisis. While he generally praises Obama for taking steps to mitigate the financial crisis and deep recession, he also gently dings the president for poor communication and strategic misfires. The book is scheduled for release next Tuesday by publisher Knopf. The Associated Press bought a copy on Thursday.

Florida Ranks 4th in Women-Owned Businesses
(Florida Trend) -- Florida ranks 4th among the 50 states in its number of women-owned businesses, and many of them are exceptionally healthy, says a new survey by Florida International University. Nearly 80 percent of women business owners in South Florida expect their business to show at least modest growth from 2011 to 2013, according the survey. In the past two years, 45 percent have experience revenue growth of more than 5 percent, while 55 percent had at least positive results.

Texas Maintains Bragging Rights over Florida on Jobs
(Florida Trend) -- Florida still can't catch Texas in the hiring race. Gov. Rick Perry's presidential run continues to bring a new wrinkle to the monthly state job reports, which document how many jobs each state either created or lost. The Texas governor rightly claims his state created more than its fair share of jobs in the last few years: about one out of every three new jobs added since the recession ended in June 2009 came from Texas. But other states have caught up since then. This year, about 13 percent of the new jobs came from the Lone Star State, and in September, Florida added more jobs than Texas did -- 23,300 versus 15,400. Still, the September numbers weren't enough to give Florida Gov. Rick Scott the kind of bragging rights he wants.

Citizens Cuts Some Insurance Coverage
(South Florida Sun-Sentinel) -- Starting next year, Citizens Property Insurance will drop coverage on almost everything but the main building on a property. That means no more coverage for awnings, gazebos, tiki huts and most carports and screened-in pool enclosures. There will be some exceptions. For instance, patios attached to the main building with the same roof material likely would be covered, according to an email Citizens sent to agents on Thursday.

Florida Businesses can Expect Unemployment Tax Hike
(AP) -- Florida's businesses will be paying higher unemployment taxes next year. Preliminary figures released on Thursday show that the minimum tax rate for employers in 2012 is expected to jump from $72.10 per employee to $170 per employee. The maximum rate is also expected to rise from $378 to $459 per employee. The Department of Revenue will mail out final tax notices for 2012 early next month.

Solar Power is Coming to a School near You
(Orlando Sentinel) -- Schoolchildren across Florida will soon be managing mini solar-energy power plants this fall designed to ease utility costs, educate kids and supply campuses with power during natural disasters. The $10 million stimulus-funded project is sponsored by the Florida Solar Energy Center with the hope of creating jobs in the energy sector while firing up young children about renewable energy. "Every single day that the sun is shining you are generating electricity," said Susan Schleith, energy education coordinator for the center. "You are a little mini-power plant right there on that school."


Cigars...
Fire Up with Jose’s top suggestions!
November 5, 2011
Cremo Corona Gorda
Tatuaje Fausto FT153
La Gloria Cubana Artesanos Retro Especiale
Aging Room Small Batch M356
“Off the Beaten Path”: Black Patch Cigar Company
Quesada Seleccion Espana Petit Robusto
Illusione Ultra MK
San Miguel Churchill
Padron 1963 Smoke Inn 15th Maduro
Monte Pascoal Corona

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Today’s Highlights...
Our Blacks versus Theirs...Really!
By Haydee Ayala
November 5, 2011
The YSL gang had another great show today! Host Jose Miranda opened with soft music before talking about the highlights of the hour giving our listeners an idea of the show’s direction. Then he went straight to the questionable comment made by Ann Coulter, a right-wing political pundit, who said on Sean Hannity’s Fox News TV and also on her syndicated column after the fallout of the Herman Cain sexual harassment story, “Our blacks are better than their blacks.”

Coutler who is noted for her writing, which many equate with hate speech, can be described as a straight up tell-you-to-your-face bigot. But, what was the point of her statement?

Cain’s sexual harassment allegations were not isolated as a third case surfaced and no one knows if these women were white, black, Asian or Hispanic. The slant initially was to cast blame on liberals but then it was revealed someone from the Perry camp leaked it. So is it that Cain is better at connecting to American blacks because he was in “their blacks” category; or is the real question here since when was that such a priority to the GOP?

Keep in mind that Coulter openly criticized the Rev. Martin Luther King Jr. in her book “Demonic: How the Liberal Mob is Endangering America,” as using images in order to win publicity and goodwill for his cause -- marches without permits, deploying children in the streets for a pointless, violent confrontation -- as a prime example of how liberals throughout history get their way by using angry, inflammatory mob behavior. Yet, for those who actually lived through it we could argue that point. Therefore, what was the basis of her comment? Was it just about policies? OR is Cain preferable over Obama because he is Republican and is among America’s wealthiest (black or not) who supports the party that pledges to keep him as rich as possible at the expense of the working class?

Clearly, Coulter is not only a bigot but a historical revisionist. To say that racism is behind us is false. It is alive and well, said Miranda. Coulter is an extremist and is getting way to much attention for her tasteless diatribes. Now will these latest political attacks and personal allegations derail Cain’s train, time will tell. One thing is certain, we already have historical revisionism running rampant and a well known bank that is opening a financial center to cater only to America’s wealthiest, we will see more perhaps as these are certainly changing times.

Next Miranda engages Ayala in a discussion about movies. Her choice of the week was “Puss in Boots” which she rated a 4 because it was lively, family-friendly and entertaining.

YSL is not about gossip or conjecture. It is about communicating and delivering a well design program without the boo-ha-ha. It is fun energized and direct. More important, it’s radio the way it ought to be! For more on this segment, go to our archived show.


Fashion...
Swank-Up Your Favorite Sweater
November 5, 2011
With plans for holiday parties under way as your social calendars ramp up between now and December, many women won’t be skipping out on a great get-together because they simply don’t have time to run home and change. A quick way to transform any plain sweater is to add some well placed accessories. So here are a few items that can transform that simple sweater into something strikingly gorgeous quickly.

1. SLIP ON A SCARF
Scarves are once again a fashion statement so investing in a few pretty ones can serve you well. Plus, they come in different lengths and patterns and are designed to hang in waves down each side of your body giving you a look that’s quite stylish while taking a plain crewneck or turtleneck sweater from the office to the local pub for drinks in the evening.

Because scarves are an easy quick glam boost it is best to experiment with different types of knots and techniques. Try laying one smoothly over your check and tuck the ends beneath a cowl neck sweater to resemble a top. Also, tie a long, thin scarf around your waist as a colorful belt or even wearing it as a headband. There’s nothing in the rule book that says you have to wear a scarf around your neck.

2. ADD COLOR
Consider adding a punch of color to a long sweater. Add a wide or thin belt that combines natural materials and rustic metals for a globally inspired, eclectic look. If not, a light or dark colored denim jacket would also do the trick.

3. MAKE A STATEMENT WITH A NECKLACE
Statement necklaces not only look gorgeous but draw attention to the upper portion of your body like your new haircut, the perfectly applied makeup, that dazzling smile and who can forget those gorgeous eyes, all of which will give you that flawlessly pulled together looked for an evening with friends.

4. GET CRAFTY
Add a fedora hat with long bold earrings or maybe pull out that carry-all clutch you had in the trunk of your car. It is not always what goes on your sweater but what is under and around it that dress it up. Keeping a few items tucked away in your car will take any boring little sweater to a hot little number for an evening of fun, music and a reconnection with friends.


Sports Box...
Baseball
New Luxury-Tax System Anticipated
(ESPN) -- It has been around for nine seasons now, complicating the New York Yankees' lives and, occasionally, the lives of another team or two. But baseball's Competitive Balance Tax -- a.k.a. the "luxury tax" -- quietly disappeared last week. The tax expired at the end of the 2011 season, as stipulated by this section, on Page 104 of the current, though soon-to-be-defunct collective bargaining agreement: "There shall be no Competitive Balance Tax in place following the 2011 championship season, and the parties expressly acknowledge and agree that the provisions of this Article XXIII shall not survive the expiration of this agreement." However, now that the 2011-12 off season is under way, and with a new labor deal still stuck in negotiating limbo, management and the players' union have to negotiate a new luxury-tax agreement and determine whether it will go into effect for 2012. The assumption of both sides is that sooner or later a new luxury-tax system will be back in effect.

Basketball
NBA Sides to Resume Talks
(ESPN) – The talks will follow a meeting between the NBA's 30 owners Saturday morning in which they will discuss revenue sharing and the state of negotiations, sources told Broussard. The players' growing interest in decertification almost ensures that the union will not retreat from its demand for a 52 percent revenue split, and league sources have told Broussard a significant number of owners are growing resistant to offering the players a 50/50 split. Sources told ESPN.com's Henry Abbott that in a Thursday evening conference call among owners, Michael Jordan of the Charlotte Bobcats was among a vocal group of owners upset at NBA commissioner David Stern for not driving a harder bargain to this point. The New York Times reported that Jordan's group wants the players' share to be no higher than 47 percent.

Football
Peyton Hillis Re-Injures Hamstring
Berea, OH (ESPN). – Peyton Hillis burst through the line and pulled up suddenly after apparently hurting himself again. Hillis re-injured his left hamstring during practice on Friday, the last moment of drama for the Browns’ bruising back, whose second year with Cleveland has been one misadventure after the next. Hillis is listed as "questionable" on the Browns' injury report. Hillis is listed as "questionable" on the Browns' injury report. The injuries to Hillis and his backup, Montario Hardesty, who could miss several games with a calf injury suffered last week, means Chris Ogbonnaya will likely start Sunday. With Hillis' status uncertain, Ogbonnaya was signed off the Texans' practice squad on Oct. 18 and will now face his former teammates. "I think there's a little irony in that, but its part of this league," he said. "Crazy things happen and you've just gotta be ready to play."


Wines...
Top Choices for Under $25
November 5, 2011
White:
Beringer White Zinfandel Magnum
Lindemans Bin 65 Chardonnay
Concha Y Toro Frontera Cabernet Sauvignon
Rex Goliath Cabernet Sauvignon Magnum
Red:
Red Diamond Cabernet Sauvignon Washington
J Lohr Cabernet Sauvignon 7 Oaks Paso Robles 2008
Belle Glos Pinot Noir Meiomi


Special Interest...
Helping Others
The Cheyenne River Sioux Tribe has recently been through 2 winter storms leaving the reservation without power or water. They are in dire need of monetary contributions of any size to assist with the incurring expenses. Your donations and contributions will help in keeping their Tribal members alive, fed and warm.

For more information go to the link below: https://secure.piryx.com/donate/0oFFsK8c/Cheyenn-River-Sioux-Tribe/

Also, keep in mind that it’s been a tough year for many Americans and the world at large and your local American Red Cross was not immune. Give generously to this non-government humanitarian emergency assistance and disaster relief program so that they can continue to perform their acts of kindness; for more information go to www.redcross.org.


Recipe...
Tuna Noodle Casserole: A Healthier Recipe
November 5, 2011
This recipe will have you thinking it's next to impossible to partake in the joys of tuna noodle casserole without ingesting too many calories and fat grams. Fortunately, you're wrong. Thanks to the miraculous Shirataki Noodles that never cease to amaze us, you can whip up a snazzy, noodlicious casserole in no time. And it will taste just as good as (if not better than) any other you've had. Don't believe us? Try it and see.

Servings: 4, Time: Prep: 10 MINS Cook: 25 MINS, Total Time: 35 MINS

Ingredients:
1/2 medium butternut squash 3 packages House Foods Tofu Shirataki Noodles, Fettuccine Shape
1 packet of tuna (7 oz.) packed in water
1 10.75-oz. can (98 Percent Fat Free) Campbell's Cream of Mushroom Soup
1 wedge Laughing Cow Light cheese, Original Swiss
1/2 cup frozen peas
3 tbsp. reduced-fat parmesan cheese
Salt, pepper, garlic powder and *cayenne pepper to taste

Directions:
Preheat oven to 375 degrees. Rinse and drain noodles well. Cut noodles (so they're not completely unwieldy). Microwave noodles for one minute and pat dry. Melt Laughing Cow Light cheese wedge into noodles, microwaving again for 20 seconds if necessary. Mix cheese wedge thoroughly into noodles. Add tuna and peas and stir well. Put noodle/cheese mixture into a casserole dish. Add your can of soup and one tbsp. of parmesan and mix well. Season to taste. Top with remaining two tbsp. of parmesan and bake in your preheated 375-degree oven for 20-25 minutes. Enjoy.
*Use cayenne only if you like foods with a spicy kick!
Serving Size: ¼ of recipe | Calories: 164 | Fat: 5g | Sodium 1,082 mg | Carbs: 15g | Fiber: 5g | Sugars: 2g | Protein: 5.5g
Source: fitnessmagazine.com, by Lisa Lillien of Hungry-Girl.com.

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Health...
A Reminder on Maintaining Bone Health
November 5, 2011
Is fear, ignorance or procrastination putting you at risk of a devastating bone fracture? Most of the news about osteoporosis concerns the side effects of current therapies and preventives. But it is important to put these effects in perspective — and to focus on treatment benefits and practical measures that can help to prevent costly and debilitating fractures in fragile bones. Osteoporosis is both under diagnosed and under treated. Doctors say it is under diagnosed because many who have it fail to get a bone density test, sometimes even after they suffer a fracture. The condition is under treated because some people avoid drug therapy for fear of side effects, while others take their medications erratically or stop taking them altogether without consulting their doctors.

It is easy to understand the prevailing concern. People hear about drug side effects like osteonecrosis, or bone death, of the jaw (extremely rare and mostly in cancer patients) and unusual fractures of the thigh bone. They hear that supplements of bone-building calcium can increase the risk of heart attack or stroke.

Some 10 million Americans have osteoporosis, and 34 million more with low bone mass are at risk of developing it. It is a silent disease that typically first shows up as a low-trauma fracture of the hip, spine or wrist. Low-trauma does not mean no trauma; someone with healthy bones who falls from a standing height or less is unlikely to break a bone, according to Dr. Sundeep Khosla, president of the American Society for Bone and Mineral Research.

While women are the far more frequent victims of osteoporosis and develop it at a younger age, men — especially those over 70 — are also at risk and even less likely than women to have the disease diagnosed and treated.

New Perspective on Treatment
When drugs called bisphosphonates were introduced to prevent and treat osteoporosis (Fosamax, now available as a generic called alendronate, was the first), overly enthusiastic doctors prescribed them for millions of postmenopausal women who were not at high risk of fracture. These were women whose bone density in the hip or spine measured below that of a healthy 35-year-old but still not near the level associated with osteoporosis.

I was one, and like many others, at age 60 I had what the World Health Organization has labeled osteopenia, not osteoporosis. Osteopenia is defined as a bone density “T-score” between minus 0.1 and minus 2.5, the lower number being the cutoff for osteoporosis.

Osteopenia is analogous to prediabetes or prehypertension, and as with these conditions, Dr. Khosla recommends that most cases of osteopenia are best treated with protective lifestyle measures, not drugs.

Dr. Khosla, a professor of medicine at the Mayo Clinic in Rochester, Minn., suggested in an interview that before turning to drugs, people with osteopenia could try to prevent further bone loss with regular weight-bearing and strength-training exercise, adequate intake of calcium and vitamin D, not smoking and limiting alcohol consumption to one drink a day.

The exceptions — those most likely to benefit from drug treatment even if they do not yet have osteoporosis — include people who already have had a low-trauma fracture and those with a bone density level approaching osteoporosis who also have other risk factors, like early menopause, a family history of osteoporosis, the use of steroid drugs (prednisone and others that increase bone loss), extreme thinness, a digestive problem that limits calcium absorption or advanced age.

“Age is itself a major risk factor for fracture,” said Dr. Ethel Siris, director of the osteoporosis clinic at Columbia University Medical Center in New York. Even at the same bone density, a woman of 75 or older is more likely to experience a fall and fracture than a woman of 55.

Dr. Siris explained that with age, changes in the architecture of bones diminish their strength, which can be countered by bisphosphonates. Current thinking in the field, she said, is to place women at risk of fracture on a drug like Fosamax for five years and then perhaps take a one-year drug holiday. For two other bisphosphonates, Actonel and Boniva, she suggests a drug holiday of 6 to 12 months after seven years of treatment.

Benefit versus Risk
On average, the bisphosphonates reduce the risk of a fragility fracture by 30 to 50 percent. By comparison, the risk of the most talked-about serious side effect — an atypical fracture of the femur, or thigh bone — is minuscule.

A recently published study examined the use of bisphosphonates among 12,777 Swedish women age 55 or older who suffered a fracture of the femur in 2008. Although those who had taken the drugs were 47 times as likely as those who had not to have experienced an atypical femur fracture, the actual number of these fractures was only 5 in 2,000 women who had used the drugs for five years.

Dr. Khosla estimated that the drugs would have prevented more than 100 osteoporotic fractures in these women, a benefit at least 20 times greater than the risk.
Furthermore, this unusual fracture can be prevented because it is preceded by a warning sign — bone changes that cause pain or discomfort in the thigh or groin that persists for weeks or months. If this occurs, Dr. Siris said, you should see your doctor without delay and get an X-ray.

If the X-ray is inconclusive, a bone scan or M.R.I. should follow. If an abnormality is found, Dr. Khosla said, the drug should be stopped and an orthopedist familiar with the problem should be consulted. If keeping weight off the leg does not result in healing, he said, a rod can be surgically inserted in the femur to prevent a fracture.

But Dr. Siris warned against assuming that any pain in the thigh is being caused by the drug. She said too many patients who are at high risk of an osteoporotic fracture stop the drug on their own when in fact the pain could result from sciatica or arthritis in the hip.

As for the risk from calcium supplements, the study that linked them to heart attacks and strokes did not consider how much calcium the women consumed.

Dr. Siris, among others, recommends 1,200 milligrams a day from diet alone or a combination of diet and a supplement. She noted that each serving of dairy (a cup of milk or yogurt or chunk of cheese) provides about 300 milligrams, and most people get another 200 or 300 from nondairy sources.

She said, “If too little calcium is consumed, parathyroid hormone will take calcium from the bones to maintain a normal blood level” of this essential mineral. Vitamin D — about 1,000 to 2,000 international units a day — is also important to assure adequate calcium absorption, especially for those “with bad bones,” she said.
Source: New York Times, by Jane E. Brody.

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Politics...
Canada Won’t Dump Any Funding into Europe Bailout
November 5, 2011
Cannes, France -- Prime Minister Stephen Harper said that Canada will not chip in any funds to a European bailout plan, following two days of fruitless G20 talks that did little to calm skittish markets amid fears of a global recession. Harper said that Europe has plenty of resources to deal with its own debt problems, and the prime minister suggested that leaders put into action "money sitting on the sidelines" in order to firm up a banking system that has been shaken by Greece's ongoing political and financial drama.

"It is the government of Canada's conviction that Europe remains fully capable of dealing with its own European problems," Harper said in Cannes. "There is a lot of wealth here. There is a lot of firepower here. "Fittingly, Harper was speaking to journalists at a rooftop room that overlooked the wealthy French Riviera and its multi-million-dollar yachts. At the outset of the G20 conference, there was much hope that the leaders of the world's biggest economies would be able to scrape together a deal to forestall what is increasingly looking like the second, deep global recession since 2008.

But instead of creating a roadmap out of the financial morass, the talks instead turned into finger-pointing sessions punctuated by high-handed moralizing. Equally troubling for the short-term is the ongoing turmoil in Greece, where a previously approved European Union $1.4-trillion bailout package remains in jeopardy because of domestic politics in Athens. Still, the EU is putting on a brave face.
"This means we are increasing the global firewall against contagion," Barroso said of the IMF. "It will allow us to act against crises wherever they occur in a coordinated and comprehensive manner."

But other leaders were less optimistic.

German Chancellor Angela Merkel, who leads the continent's largest economy, said that "hardly any countries in the G20" had shown any indication that they would step up and fund the European bailout fund. Meanwhile, the United Kingdom and the United States are dealing with their own domestic economic issues. Harper said that Europe should be able to handle its own problems, and he was firm that Canada would not be dumping money to prop up European banks.

"There's a lot of money sitting on the sidelines looking for opportunities," said Harper. "And I see every indication that markets are constantly searching for good news and opportunities. "So I think the sooner European leaders and others can simply confirm that they're moving forward, I think that will be the quickest way to get us out of this crisis of confidence." CTV Ottawa Bureau Chief Robert Fife said that the mood was gloomy at the tail end of the high-level meetings, especially given that the leaders weren't able to get to a firm consensus about the best way forward.
"The Europeans actually had the gall to suggest that we could contribute to the International Monetary Fund," said Fife, reporting from Cannes. Still, Fife said that the leaders were able to hash out a plan for Italy, which along with Greece, is "drowning in debt." In fact, the G20 leaders gave Italian Prime Minister Silvio Berlusconi a deadline of 2013 to get his country's financial house in order.
Another silver lining to the otherwise glum financial forecast came from an unlikely source: China. China has faced heavy criticism in recent years for devaluating its currency and improving the price-point on its massive export economy.

But in the G20's final communiqué this week, China acknowledged the need "to move more rapidly toward market-determined exchange rate systems." Earlier, Harper said that China and its fixed yuan, trade surpluses and massive cash reserves is a threat to global stability.
Source: CTV News