Friday 26 August 2011

Should This Surprise Anyone (Syria/U.N.)

Again, security council being held hostage by China and Russia.  They are fighting more sanctions on Syria's Assad regime because it would make their own crackdowns on civil rights illegitimate in their eyes and may make the world pressure them more for changes.  This is why the security council needs to be disbanded and a general vote on the floor of the main assembly with 50% + 1 vote wins.  It is the only real democratic way to do things and would put more pressure on the non democratic states to reform or be sanctioned themselves.

Russia, China resist U.N. Syria sanctions push: envoys


UNITED NATIONS | Fri Aug 26, 2011 12:48pm EDT

UNITED NATIONS (Reuters) - The U.S. and European push to impose U.N. Security Council sanctions on Syria for its bloody crackdown on pro-democracy demonstrators is meeting fierce resistance from Russia and China, U.N. diplomats said.

The United States, Britain, France, Germany and Portugal circulated a draft resolution that calls for sanctions against Syrian President Bashar al-Assad, influential members of his family and close associates. They said they wanted to put the draft to a vote as soon as possible.

The measures are not as severe as U.S. sanctions in place and a proposed expansion of European Union steps against Damascus that would forbid the import of Syrian oil.

Diplomats said there are no plans for a vote yet.

Russia's U.N. Ambassador Vitaly Churkin has hinted that Moscow would use its veto power to knock down the draft if it was put to a vote at the present time. Western diplomats said that Russia and China were refusing to discuss the draft.

"The Russians say they have no instructions," a diplomat told Reuters on Friday on condition of anonymity.

As a result, Western diplomats in New York said their capitals would have to get involved to persuade Moscow and Beijing to join negotiations on the draft resolution to reach a consensus among the 15 Security Council members.

"Clearly we need this to be unlocked at the capital level because there is very strong resistance from Russia and China," a diplomat said.

Brazil, India and South Africa have also been reluctant to sanction -- or even condemn -- Syria, whose five-month crackdown on demonstrators has killed at 2,200, according to U.N. figures from earlier this week.

But one diplomat said that the three powerful developing countries, all three of which aspire to one day become permanent members of an expanded Security Council, were now "constructively engaging on the text."

EMPTY CHAIRS

The council had scheduled an informal closed-door meeting of ambassadors on the draft sanctions resolution on Thursday afternoon, but the Chinese and Russian envoys boycotted the meeting, diplomats said.

"You see two permanent members of the Security Council who deliberately leave an empty chair," a diplomat said. "We hope that they will engage constructively."

Earlier this week Russian Ambassador Churkin told reporters that it was not the time to sanction Syria. After months of helping block any council action on Syria, Russia and China had backed an August 3 statement by the Security Council that condemned the government's crackdown and called for it to end.

Russia, China, Brazil, India and South Africa have repeatedly complained that the NATO intervention in Libya has gone far beyond the U.N. mandate to protect civilians from violence by the government the council approved in March. They say they do not want the same thing to happen in Syria.

Russia has long had close ties to Syria and is one of its main arms suppliers. One of the proposed sanctions is an arms embargo that would make it illegal for Russian firms to sell weapons to Damascus.

The sanctions would impose a travel ban on 22 of Assad's family and associates and an asset freeze on 23 Syrians, including Assad. Envoys said President Assad was excluded from the travel ban in order to give him an escape route.

"We want him to leave the country," a diplomat said.

The United States and EU have urged Assad to step down.

Thursday 25 August 2011

Gadhafi Done In Yet?

Libyan rebels ready knockout punch for Gadhafi

 
 
 
 
 
A Libyan rebel fighter helps his comrade who was injured by a sniper's bullet while fighting for the final push to flush out Maammar Gadhafi's forces in the Abu Slim area in Tripoli August 25, 2011.
 
 

A Libyan rebel fighter helps his comrade who was injured by a sniper's bullet while fighting for the final push to flush out Maammar Gadhafi's forces in the Abu Slim area in Tripoli August 25, 2011.

Photograph by: Zohra Bensemra, Reuters

TRIPOLI - Hardened fighters streamed Thursday into Tripoli as Libya's rebels sought to deliver a knockout punch to Moammar Gadhafi's diehards and, backed by NATO, to flush out the elusive strongman.
Rebel commanders said they were also readying fresh attempts to advance against Gadhafi's forces defending his hometown Sirte, 360 kilometres east of Tripoli and to break a siege of Zuwarah, a town to the west.
They were being supported in their hunt for the wily Gadhafi by NATO, which according to Britain's Defence Minister Liam Fox is contributing intelligence and reconnaissance equipment.
An AFP reporter, meanwhile, discovered that French and British operatives are working with Libyan rebels as they press towards Sirte, amid reports British special forces SAS members were sent to Libya several weeks ago.
Leading the army of reinforcements into Tripoli were seasoned combatants from the city of Misrata, whose fellow fighters spearheaded the weekend assault that saw the Libyan capital swiftly overrun and Gadhafi's Bab al-Aziziya compound captured by Tuesday.
Rebel commanders said that while they control most of Tripoli, hot spots remain where sniper fire, rocket explosions and heavy weaponry make life dangerous.
The rebels are also hellbent on finding Gadhafi, so they can proclaim final victory in an uprising that began six months ago and was all but crushed by Gadhafi's forces before NATO warplanes gave crucial air support to the rebels.
Rebel leaders say they want to put Gadhafi on trial in Libya even though he also faces charges of crimes against humanity along with his son Seif al-Islam and spymaster Abdullah al-Senussi at the International Criminal Court.
The rebel National Transitional Council (NTC) on Wednesday offered a $1.7 million reward for the capture of the elusive strongman, dead or alive.
"The NTC supports the initiative of businessmen who are offering two million dinars for the capture of Moamer Gadhafi, dead or alive," NTC chief Mustafa Abdel Jalil said in the rebel capital Benghazi.
Jalil also offered amnesty to "members of (Gadhafi's) close circle who kill him or capture him."
The 69-year-old Gadhafi has not been seen in public for weeks and despite losing control of the oil-rich North African country he ruled with an iron first for 42 years is still managing to broadcast messages urging Libyans to drive out the "rats" — as he disparagingly calls the rebels.
He also claimed on Wednesday to have walked incognito on the streets of Tripoli without being recognized.
In the oil refinery town of Zuwaytina, the new eastern front about 150 kilometres southwest of the opposition's capital Benghazi, an AFP reporter saw French and British operatives working with Libyan rebels .
They are equipped with telecommunications equipment and housed in two shipping containers, within walking distance of the headquarters of Fawzi Bukatif, commander of the eastern front.
Britain's Defence Minister Liam Fox told Sky news on Thursday that NATO is providing "intelligence and reconnaissance assets to the NTC to help them track down Colonel Gadhafi and other remnants of the regime."
Fox however declined to comment on reports that Britain's SAS special forces were working with the Libyan rebels to track down Gadhafi.
The Daily Telegraph newspaper, quoting defence sources, said SAS members were sent to Libya several weeks ago and played a key role in co-ordinating the battle for Tripoli, which fell into rebel hands on Sunday.
In Tripoli's souk Al-Jumaa, the arrival of at least 60 Misrata rebels on Wednesday sparked joy among residents.
"We are very happy. Misrata's soldiers can win anything," said Taha Abu Zeid. "They could even win Afghanistan."
They were joined by rebels from as far west as the Nafusa mountains and as far east as Benghazi, as field commanders vowed to bring the capital under full rebel control.
Fighting is concentrated along the perimeters of Bab al-Aziziya and the neighbouring Abu Slim district, where Gadhafi reportedly released, armed and paid former prisoners to fight for his regime, although the streets were quiet Thursday after heavy fighting in the area the previous day.
Rebel commanders said Gadhafi forces were pounding insurgents holding the centre of Zuwarah, west of Tripoli, adding that they needed reinforcements to help them break the siege.
Rebels advancing towards Sirte were also blocked Wednesday in the town of Bin Jawad as loyalists kept up stiff resistance.
"Gadhafi's forces are still fighting, we are surprised. We thought they would surrender with the fall of Tripoli," rebel commander Fawzi Bukatif said.
Four Italian journalists kidnapped in Libya on Wednesday by forces loyal to Moamer Gadhafi, have been freed, the foreign ministry said in Rome.
The four were liberated around 9:30 a.m. GMT on Thursday, according to a ministry spokesman, who said the journalists "are now in a hotel with other Italian journalists" and "are well."
The NTC's number two leader, Mahmud Jibril, meanwhile called for "urgent" financial help at a press conference with Italian Prime Minister Silvio Berlusconi in Milan on Thursday.
"This is an urgent call upon our friends," Jibril said , adding the "biggest disabling element" for the NTC "would be the failure to deliver services and salaries" in the post-Gadhafi period.
The NTC had in Doha on Wednesday sought five billion dollars in emergency aid from frozen assets at a meeting with foreign representatives from the Libya contact group.
The sum was twice that announced on Tuesday by Jibril.
But at the United Nations South Africa refused to lift a block on the United States unfreezing $1.5 billion of Libyan assets to buy humanitarian aid, setting up a diplomatic showdown at the Security Council.
South Africa insisted the council wait for the African Union to decide whether to recognize the NTC at a summit Thursday before approving the move.


Read more:http://www.leaderpost.com/news/Libyan+rebels+ready+knockout+punch+Gadhafi/5304563/story.html#ixzz1W3Wo7JvA

Monday 22 August 2011

Jack Layton, Dead at 61

My condolences go out to Jack Layton's family, Olivia Chow and Jack's close friends.  Jack will always be known as a fighter and unfortunately we will not see his tenacity in the house of commons anymore.  He will leave a legacy of resurrecting the NDP party and bringing them into official opposition for the first time this past may.  Did I agree with Jack Layton's message and his views on how the country should be run?  No, not at all but there was that respect for his views and for him as a person, he was able to connect with so many people at various levels which I think made him who he was politically.  He had a fight in him that few people could pull off, yet at the same time would come off as a soft genuine person who truly cared about our country.  I knew at his announcement that it was going to be one heck of a battle for him, he did not look good at all and it looked like he had already had such a setback that it would be most difficult to overcome.  Today we lost a person who will be very hard to replace on the political stage, a person who transformed Canada's political landscape and a person who will leave a great legacy for for many people within his party and even those across the floor from him.  RIP Jack Layton.

Federal opposition leader Jack Layton loses battle with cancer

Layton passed away in his home early Monday morning
Reported by Gerald Bauman
Change text size: + -
Federal NDP Leader Jack Layton has died.

The party says Layton died peacefully at 2:45 a.m. (MT) Monday morning at his Toronto home, surrounded by family and loved ones.

The sad news comes just weeks after a gaunt Layton held a news conference to announce he was fighting a second bout of cancer.

“I will therefore be taking a temporary leave of absence as leader of the New Democratic Party of Canada. I’m going to fight this cancer now so I can be back to fight for families when parliament resumes,” said Layton at the time.

Funeral details have not yet been announced.

Layton was 61-years-old.

Thursday 18 August 2011

Another Huge Down Day For Stockmarkets


Economic, Euro Malaise Ignites Wall Street Plunge; Dow Off 380

Published August 18, 2011
| FOXBusiness
FOX Business: The Power to Prosper
Wall Street plummeted deep into the red, although well off of the lows of the session, as traders grappled with global economic fears and an escalating euro zone sovereign debt crisis. 
Today's Markets
As of 12:07 p.m ET, the Dow Jones Industrial Average plummeted 404 points, or 3.5%, to 11,006, the S&P 500 slid 46.5 points, or 3.9%, to 1,147 and the Nasdaq Composite tumbled 106 points, or 4.2%, to 2,405. The FOX 50 plunged 29.8 points to 831.  

Big financial institutions like Citigroup (C: 27.67, -2.18, -7.30%) and Morgan Stanley (MS: 16.12, -0.89, -5.23%) took strongest beating. However, the selloff was broad, with energy players like Halliburton (HAL: 41.84, -3.61, -7.94%) and industrials such as General Electric (GE: 15.38, -0.85, -5.24%) coming under intense selling pressure as well. 
In a sign of the uncertainty in the markets, safe-haven assets rallied in early trading. Gold -- which hit a record high in the previous session -- jumped $22.80, or 1.3%, to $1,817 a troy ounce. The benchmark 10-year treasury rallied, with the price soaring over $100, and the yield slumping to an all-time low below 2%. 
Volatility was quite high on the day. Indeed, the VIX, often referred to as a gauge of fear, spiked 33%.  
The economy has come squarely back into focus with a heavy stream of economic data released on Thursday. Morgan Stanley also warned the global economy is "dangerously close to a recession" and cut its global economic growth outlook significantly. Goldman Sachs also pared back its forecast of economic growth. 
Manufacturing in the Philadelphia area contracted sharply in August.  The Philadelphia Federal Reserve's gauge of manufacturing activity came in at -30.7, far short of expectations of 3.7.  Reading above 0 point to expansion, while those below 0 indicate contraction. 
A number below the -20 level is "rare outside of a recession" and poses a "very worrying development" for policymakers who are working to keep the economy afloat, according to economists at Barclays Capital. 
The markets are being driven lower "not only be the euro zone ... but also a relentless release of domestic data that speaks to both an underlying inflationary environment and anemic – if not stagnant growth here in the U.S.," Peter Kenny, managing director at Knight Capital Group said in a note to clients. 
Wall Street has also been paying close attention to the sovereign debt crisis in Europe for several months.  The fears peaked last week when reports suggesting certain large European banking institutions may have issues gaining access to sufficient capital sparked massive selloffs and volatility.  
A report on Thursday by The Wall Street Journal saying the Federal Reserve is very concerned about major European banks facing significant funding difficulties rekindled those fears.  The Fed was also worried that the crisis on the other side of the Atlantic could spillover into the U.S. banking system, according to the report. 
Major European financial services companies like Societe Generale, Barclays (BCS: 10.34, -1.24, -10.71%) and UBS (UBS: 13.47, -1.16, -7.93%) took sizeable losses on the news. 
Earlier this week, French President Nicolas Sarkozy and German Chancellor Angela Merkel failed to quell market concerns after a summit failed to produce a specific solution to address sovereign debt concerns in the 17-member European Union
Energy Markets Sell Off 
Energy markets were under pressure amid economic concerns and a stronger dollar.  Light, sweet crude plunged $4.39, or 5%, $83.27 a barrel.  Wholesale RBOB gasoline dipped 9 cents, or 3.2%, to $2.78 a gallon. 
In currencies, the euro fell 0.83% against the U.S. dollar, while the greenback climbed 0.41% against a basket of world currencies. 
Data Deluge
Initial claims for unemployment benefits rose to 408,000 last week, from a revised 399,000 the prior week, coming in higher than the 400,000 economists forecast.  Claims have been hovering about the 400,000-mark for weeks, which has led market participants to question the strength of the recovery in the jobs market. 
Companies are firing at the slowest pace since the financial crisis in 2008, but hiring still remains too slow to "put a real dent in the unemployment rate," according to Peter Boockvar, managing director at Miller Tabak + Co.
Prices at at the consumer level climbed 0.5% in June -- a much faster pace than the 0.2% economists estimated. Excluding the more volatile food and energy components, the so-called core level was up 0.2%, which came in line with forecasts. Prices are up 3.6% from last year, or 1.8% on the core level.  A report on Wednesday on producer prices came in above expectations on the core and headline levels. 
U.S. existing home sales fell 3.5% in July from June to an annual rate of 4.67 million units. Economists had been expecting a 3.8% increase to a 4.9 million-unit rate.
Foreign Markets
The English FTSE 100 tumbled 4.5% to 5,092, the French CAC 40 plummeted 5.5% to 3,092 and the German DAX plunged 5.8% to 5,603. 
In Asia, the Japanese Nikkei 225 slumped 1.3% to 8,943 and the Chinese Hang Seng slid 1.3% to 20,016. 


Read more: http://www.foxbusiness.com/markets/2011/08/18/daily-market-update/#ixzz1VOqXhrdy

Harper, Obama Call on Assad To Step Down


 Finally some strong words on behalf of some world leaders.  Instead of just words, why cannot the UN push for other Arab leaders to do more for their neck of the woods?  If the UN fails to do something will an assassination be in the works?  I know we don't want to go there but let's face it, someone may pull the trigger, be it the US, Israel or some European nation.

 

Harper, Obama call on Assad to step down

U.S. President Barack Obama is directly calling for the Syrian leader to step down in the wake of violence against pro-democracy protesters that has left more than 2,000 dead.

U.S. President Barack Obama is directly calling for the Syrian leader to step down in the wake of violence against pro-democracy protesters that has left more than 2,000 dead.

Photograph by: Jim WATSON, AFP/Getty Images

Canada followed the United States in calling Thursday for President Bashar al-Assad of Syria to step down, as the U.S. imposed punishing new sanctions on the regime.
"The people of Syria deserve a government that respects their dignity, protects their rights and lives up to their aspirations," U.S. Secretary of State Hillary Clinton said. "Assad is standing in their way."
"For the sake of the Syrian people, the time has come for him to step aside."
U.S. President Barack Obama issued a statement formally calling on Assad to resign, as he signed a series of executive orders bringing in to force new sanctions.
Prime Minister Stephen Harper echoed this message in a written statement Thursday. Canada tightened its own sanctions against the regime Saturday.
"I join with President Obama and other members of the international community in calling on President Assad to vacate his position, relinquish power and step down immediately," Harper said. "The Syrian people have a right to decide for themselves the next steps for Syria's future."
"Canada has taken decisive action imposing sanctions that directly target members of the current Syrian regime and those who provide it with support."
In recent weeks, Syrians have erupted in pro-democracy protests against the Assad regime, which has used deadly force in its attempts to quell the unrest. More than 2,000 people have been killed in the crackdown.
Under the U.S. sanctions, all Syrian assets in American jurisdictions have been frozen. The sanctions also banned U.S. investment, and prohibited U.S. companies and individuals from trading in Syrian oil.
Clinton said the U.S. will use its diplomatic weight at the United Nations to increase the pressure on Assad to step down.
The UN Security Council was to meet Thursday to discuss the ongoing revolt in Syria, having made a statement condemning Assad last week.
Clinton said the UN Human Rights Council will hold a special session to examine recent violent actions by the regime against the Syrian people.

Wednesday 10 August 2011

Just What is Going On In The World?

We have riots in the streets of London, Al Shabaab fighting to keep western aid from reaching millions of starving people in Africa, stock markets around the world on a roller coaster ride from hell, mass killing going on in Syria and an American president who has failed his people on the economy, just to name a few.

It is a world in turmoil, the likes we probably have not seen since the second world war and it doesn't look like it will get better any time soon.  Which begs the question, what can we do to fix things?  My common sense solutions below.

Our world for the most part has been living life like socialists for far too long. Even the right side of the political spectrum has been giving free hand outs far too often.  We need to get back to our roots, where people were not afraid to put in an honest days work, raise a family, and expect nothing from government unless it is an unforeseen circumstance such as drought, hurricanes, earthquakes and the like.  Far too often we look to government to step in when times are tough, instead of rolling up our sleeves and getting to work like our forefathers did.  If we truly want change we have to look inside ourselves and decide that change has to start from within.  We are the ones who need to change, we need to stop with the handouts, dig deep and get things done!

Solution for anarchy in London and everywhere else.  Make the people pay for their actions!  Too long have we allowed this kind of stuff to go on without serious consequences.  Sure, have your peaceful demonstrations but if you get out of line you are going to jail, it is that simple.  How many of these people would be out doing what they do if they knew that they would get much, much more than a slap on the wrist?  If the justice system actually enforced the law these people would be looking at years in jail.  It is time to make the justice system work the way it is supposed too and stop pandering to the far left.  This will bring people back down to earth and make them accountable for their actions.  The use of rubber bullets, tear gas, and other methods should be allowed as soon as the police see actions like this ongoing.  These anarchists will soon fall in line, or at least learn how to have a peaceful demonstration.

Starvation in Africa.  This can be called a man made disaster, yes the drought is out of our hands but the price of food has also played a very large roll in this.  The price of food is being driven by the countries such as China and India as well as others.  But also adding to this is the use of food products being used to produce fuels.  This action, especially in the U.S. and Canada has made grains much more expensive which in turn boosts costs of feeding livestock and other meats.  What needs to be done, especially in the States is a move to a more efficient product such as switchgrass.  This stuff can be grown anywhere and does not consume as much energy to produce biofuels.  The energy needs of the U.S. can also be alleviated by drilling for fuels at home.  There has been too much of this "not in my backyard" B.S. and for generations the U.S. has not allowed energy companies to drill some very large economical areas that would dramatically decrease the country's dependence on Middle Eastern oil.  This would mean jobs, taxes and much much more for the U.S. economy, something they dearly need.  But first the left need to get the hell out of the way and let the people who actually want to help the country do their job!  There is enough natural gas in the U.S. to last generations, which will buy them enough time to develop other means of energy that are currently under development.  It is a band aid on the problem but one that could tie them over until these new energy strategies come to fruition.

The U.S. economy and it's affect on the world as a whole.  The powers that be in Washington need to start working for the people and not for their own political agendas.  There needs to be serious cuts to spending, not this piece of junk that they tabled last week which does nothing to cut their debt.  It in fact allows the debt to grow to 20 trillion dollars by the year 2020.  20 Trillion Bucks!!!  You think things are bad now, just think what their debt rating will be like by 2020!  Everything needs to be cut, the people just need to wake up and realize that they will have to do with less.  Less government handouts, less entitlement spending, less government employment opportunities and yes, less unions and their constant drag on a nations ability to compete on the international stage.  But this goes back to the change we need to find within ourselves, it starts at home and then you can hold your politicians accountable.  The Nancy Pelosi's of the world need to be run out of politics and vote in someone who will make the tough decisions, not the easy ones that will garner a lot of votes.  It is this way of thinking that has gotten us into this mess and it needs to change or the mess will just keep piling up.  The people in the U.S. need to also get over the "I don't pay tax" way of thinking.  In order to get this debt paid down a national tax on consumption is a must.  Everyone pays it on goods and services, not just the rich, and middle class.  The nice thing about a consumption tax is that it is a fair system that will tax the rich way more because they obviously would consume much more than the lower classes.  The national consumption tax would bring in un-foretold amounts of income to the federal government and help them get their great country back on track.  Tea Party, GOP, DEMS, it doesn't matter who you are, get your act together and do what is right for the country!

The Middle East uprising has been a missed opportunity for the west to show that we are behind our fellow brothers and sisters.  Our politicians are too slow to react and typically the reaction is not strong enough to prove solidarity.  We need actions, not just words.  Add in the U.N. which is being run like a kangaroo court and needs to make wholesale changes in order for it to be legit once again.  The security council laws need to change to make it majority rule instead of giving the permanent members the ability to quash anything that they disagree with.  It is either that or do away with the security council and let the vote happen between all member nations of the U.N. where 50% plus one means action.  This ability by Russia and China to hand tie the security council from recommending action is ridiculous and has made the U.N. the laughing stock of the world.  It no longer is legitimate and unless changes happen it will remain this way.  For far too long the U.S. and it's allies have had to police the world at it's expense.  If any action is needed in the world it should be international law that all expenses are shared by those who are part of the U.N. and then all money recouped by the country that has needed the help.  Then the trillions of dollars the U.S. spends in taking action would come back the the U.S. people, sounds fair doesn't it?  It has cost the U.S. a trillion dollars or more going into Iraq and Iran to liberate them, should this money not be paid back over time?

These are just some common sense solutions to a few of the world's problems, there are many more problems of course but these are the major ones right now and if these changes are made the world's economy would have a chance at stabilizing and the markets would return to normal.  Again, it is time to hold our politicians accountable and right the ship before it gets consumed by the wave of socialism.

Monday 8 August 2011

Brazil-Canada move to strengthen commercial ties

With the global turmoil I think this is a very wise move by Canada.  The next 100 years belong to India, China, Russia and Brazil(BRIC)  The BRIC countries are leading the way economically and for Canada to take full advantage of their booming economies we must strengthen ties politically and economically.



Brazil-Canada move to strengthen commercial ties

 

 
 
 
 
Prime Minister Stephen Harper attends a signing ceremony with Brazil's President Dilma Rousseff at Planalto Palace in Brasilia on August 8, 2011.
 

Prime Minister Stephen Harper attends a signing ceremony with Brazil's President Dilma Rousseff at Planalto Palace in Brasilia on August 8, 2011.

Photograph by: Ueslei Marcelino, Reuters

BRASILIA — A group of senior Canadian and Brazilian business leaders has been established to provide governments in both countries strategic advice on how to strengthen commercial ties.
The announcement was made Monday after a meeting of Prime Minister Stephen Harper and Brazilian President Dilma Rousseff.
"We have both been successfully weathering the headwinds of the global economy due to strong fundamentals," Harper said in a prepared statement he delivered while Rousseff stood nearby. "And while we compete, we also understand that trade is a vital tool for our mutual goals of greater security, expanded wealth and more jobs."
Harper said he and Rousseff had "cordial, productive discussions on Brazil-Canada relations and global concerns."
He said that included in-depth discussions of the global economic and financial situation that is currently drawing concerns worldwide. He said they will work together as members of the G20 to "push forward global stability and the global economic recovery."
In her own statement Rousseff was critical of the report issued last Friday by Standard & Poor's which downgraded the United States credit rating from its traditional triple-A status. That move has caused jitters in stock markets around the world, leading to a sudden decline in stock values as the markets opened in New York on Monday morning.
Rousseff said she thought the Standard & Poor's report was rushed and was based on inaccurate information.
For his part, Harper made no immediate comment on the economic problems faced by the United States or the European Union, although he was expected to provide his own observations at a news conference later Monday afternoon.
Harper is in Brazil at the start of a week-long trip to Latin America to boost trade, promote democracy, and fight against the security threats posed by organized crime in the region.
His main priority in Brazil is to boost trade with the country which is already the seventh largest economy in the world and is viewed as a burgeoning economic player.
"Your remarkable emergence as a global economic power and your embrace of democratic freedoms after many years of autocratic rule are an inspiration to struggling peoples everywhere," Harper told Rousseff in his statement, delivered in front of journalists.
He promised that while this is his first visit to Brazil, it won't be his last — as he continues to push forward with a strategy to improve relations in Central and South America.
"Brazil, with all its vitality and its enterprising spirit, is a tremendously important part of our plans. We share the fundamental values of democracy, diversity and human rights. We both strive for peace and prosperity at home while accepting global responsibilities."
Harper and Rousseff announced the launch of the Canada-Brazil CEO Forum, which they said is designed to "strengthen the economic and commercial relationship" between their two countries.
"Our government recognizes Brazil as an important economic and strategic partner and is committed to opening up new opportunities for Canadians and their business," said Harper. "The creation of the CEO Forum will expand our commercial ties, create more jobs, and ensure our long-term prosperity."
According to a background paper provided by the Canadian government, the forum will bring together influential business leaders from both countries who will "provide input into the policymaking process of both governments."
Its members will meet "on the margins" of high-level political meetings between Canada and Brazil. The group will be co-chaired by "highly respected and forward-looking Canadians and Brazilian leaders who understand the imperative of working in a world connected by global commerce, opportunity and shared values," according to a Canadian statement.
Two co-chairs appointed by the governments will then be responsible for identifying other CEOs to participate in the forum, which will be tasked with providing "joint recommendations on strategic priorities" for how Canada and Brazil can strengthen their "international competitiveness."
Also Monday, Canada and Brazil signed a bilateral Air Transport Agreement to provide tourists and businesses more choice in airline services, destinations and lower prices, and inked a deal on social security which will bring benefits to Canadians and Brazilians by co-ordinating pension benefits between both countries.
As well, the two nations signed a memorandum of understanding that will involve Canada sharing its "recent experience" in hosting the 2010 Winter Olympics. Brazil will be hosting the summer Olympic games in 2016 and is seeking helping on how to organize the event.
mkennedy@postmedia.com


Read more:http://www.canada.com/business/Brazil+Canada+move+strengthen+commercial+ties/5222663/story.html#ixzz1UTFo5Zfc