At the G20 summit in Los Cabos, the agenda will be full of tricky issues. The US and European delegations must look at the bigger picture, one in which the West will need to partner with the rising powers that are today’s global swing states: Brazil, India, Indonesia, and Turkey.
The Obama administration is signalling that the US is changing the way it does the aid business, promoting bilateral trade rather than one-way grants and loans.
But much of the world would be wrong, according to recent study. China still lags far behind the US in GDP and personal wealth.
According to today's jobs report, the nation is perilously close to falling into another recession as the unemployment rate rises for the first time in almost a year and the latest payroll survey shows minimal growth.
Data released this week may show new signs of a global slowdown. But one analyst isn't surprised. From the tech bubble burst to the housing collapse to the resurgence of gold, he's been (mostly) right. Not that he's saying 'I told you so.'