Obama at G-8: Full recovery ‘still a ways off’

President Obama said Friday that leaders of the industrialized nations have agreed to continue fueling economic growth while strengthening regulatory measures but they also realize that full recovery is "still a ways off." Obama listed some of the achievements of the Group of Eight summit this week in Italy as the conference neared the end, and he stressed the need for collective action. In addition, the G8 nations agreed to stop the spread of nuclear weapons, set goals for reducing carbon monoxide emissions and invest $20 billion in food security

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G-8 leaders focus on global warming

Leaders of the world’s leading industrialized nations are huddling with representatives of up-and-coming powerhouses to tackle global warming at an economic summit Thursday in Italy. U.S. President Barack Obama will lead the Major Economies Forum at the Group of Eight meetings in L’Aquila.

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Pope blasts capitalism ahead of G-8 meeting

Pope Benedict XVI, on the eve of a global economic summit, lashed out at modern capitalism for being shortsighted and short on ethics. “Today’s international economic scene, marked by grave deviations and failures, requires a profoundly new way of understanding business enterprise,” the pontiff said in his third encyclical letter, “Charity in Truth,” which was released Tuesday.

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Dmitri Medvedev and Barack Obama Discuss U.S.-Russia Relations in Moscow

Barack Obama and Dmitri Medvedev, Presidents of the former Cold War rival empires, greeted each other like old friends on Monday, with a cheery chat about the clouds. “Even the weather favors such an intercourse between us,” the Russian leader said in a Kremlin sitting room, striking an optimistic tone on a drizzly day.

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Trying Times for Russia’s Nesting Dolls

Under the white walls and blue-and-gold cupolas of the Sergiyev Posad monastery, the row of vendors selling nesting dolls and other traditional Russian handicrafts is noticeably shorter this summer. Usually the cheap folding tables, set up in a double row outside the spiritual center of the Russian Orthodox Church, are surrounded by tourists snapping up the iconic egg-shaped souvenirs, made of smaller and smaller wooden dolls hidden one within the other. But on a recent Thursday afternoon, there were only about a dozen people looking to buy

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