Putin's DAVOS speech transcript ; The World is Facing the First Truly Global Economic Crisis  

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Russian Prime Minister Vladimir Putin's speech at the opening ceremony of the World Economic Forum Davos, Switzerland January 28, 2009

Good afternoon, colleagues, ladies and gentlemen, I would like to thank the forum's organisers Putin's speech at World Economic Forumfor this opportunity to share my thoughts on global economic developments and to share our plans and proposals.The world is now facing the first truly global economic crisis, which is continuing to develop at an unprecedented pace.The current situation is often compared to the Great Depression of the late 1920s and the early 1930s. True, there are some similarities.However, there are also some basic differences. The crisis has affected everyone at this time of globalisation. Regardless of their political or economic system, all nations have found themselves in the same boat.There is a certain concept, called the perfect storm, which denotes a situation when Nature's forces converge in one point of the ocean and increase their destructive potential many times over. It appears that the present-day crisis resembles such a perfect storm.Responsible and knowledgeable people must prepare for it.

Nevertheless, it always flares up unexpectedly.The current situation is no exception either. Although the crisis was simply hanging in the air, the majority strove to get their share of the pie, be it one dollar or a billion, and did not want to notice the rising wave.In the last few months, virtually every speech on this subject started with criticism of the United States. But I will do nothing of the kind.I just want to remind you that, just a year ago, American delegates speaking from this rostrum emphasised the US economy's fundamental stability and its cloudless prospects. Today, investment banks, the pride of Wall Street, have virtually ceased to exist. In just 12 months, they have posted losses exceeding the profits they made in the last 25 years. This example alone reflects the real situation better than any criticism.The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.In our opinion, the crisis was brought about by a combination of several factors.

The existing financial system has failed. Substandard regulation has contributed to the crisis, failing to duly heed tremendous risks.Add to this colossal disproportions that have accumulated over the last few years. This primarily concerns disproportions between the scale of financial operations and the fundamental value of assets, as well as those between the increased burden on international loans and the sources of their collateral.The entire economic growth system, where one regional centre prints money without respite and consumes material wealth, while another regional centre manufactures inexpensive goods and saves money printed by other governments, has suffered a major setback. I would like to add that this system has left entire regions, including Europe, on the outskirts of global economic processes and has prevented them from adopting key economic and financial decisions.Moreover, generated prosperity was distributed extremely unevenly among various population strata. This applies to differences between social strata in certain countries, including highly developed ones. And it equally applies to gaps between countries and regions.A considerable share of the world's population still cannot afford comfortable housing, education and quality health care. Even a global recovery posted in the last few years has failed to radically change this situation.And, finally, this crisis was brought about by excessive expectations. Corporate appetites with regard to constantly growing demand swelled unjustifiably. The race between stock market indices and capitalisation began to overshadow rising labour productivity and real-life corporate effectiveness.Unfortunately, excessive expectations were not only typical of the business community. They set the pace for rapidly growing personal consumption standards, primarily in the industrial world. We must openly admit that such growth was not backed by a real potential. This amounted to unearned wealth, a loan that will have to be repaid by future generations.This pyramid of expectations would have collapsed sooner or later. In fact, this is happening right before our eyes.

Esteemed colleagues,

One is sorely tempted to make simple and popular decisions in times of crisis. However, we could face far greater complications if we merely treat the symptoms of the disease.Naturally, all national governments and business leaders must take resolute actions. Nevertheless, it is important to avoid making decisions, even in such force majeure circumstances, that we will regret in the future.This is why I would first like to mention specific measures which should be avoided and which will not be implemented by Russia.We must not revert to isolationism and2009 World Economic Forum Davos unrestrained economic egotism. The leaders of the world's largest economies agreed during the November 2008 G20 summit not to create barriers hindering global trade and capital flows. Russia shares these principles.Although additional protectionism will prove inevitable during the crisis, all of us must display a sense of proportion.Excessive intervention in economic activity and blind faith in the state's omnipotence is another possible mistake.True, the state's increased role in times of crisis is a natural reaction to market setbacks. Instead of streamlining market mechanisms, some are tempted to expand state economic intervention to the greatest possible extent.The concentration of surplus assets in the hands of the state is a negative aspect of anti-crisis measures in virtually every nation.In the 20th century, the Soviet Union made the state's role absolute. In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.And one more point: anti-crisis measures should not escalate into financial populism and a refusal to implement responsible macroeconomic policies. The unjustified swelling of the budgetary deficit and the accumulation of public debts are just as destructive as adventurous stock-jobbing.

Ladies and gentlemen, unfortunately, we have so far failed to comprehend the true scale of the ongoing crisis. But one thing is obvious: the extent of the recession and its scale will largely depend on specific high-precision measures, due to be charted by governments and business communities and on our coordinated and professional efforts.In our opinion, we must first atone for the past and open our cards, so to speak.This means we must assess the real situation and write off all hopeless debts and "bad" assets.True, this will be an extremely painful and unpleasant process. Far from everyone can accept such measures, fearing for their capitalisation, bonuses or reputation. However, we would "conserve" and prolong the crisis, unless we clean up our balance sheets. I believe financial authorities must work out the required mechanism for writing off debts that corresponds to today's needs.Second. Apart from cleaning up our balance sheets, it is high time we got rid of virtual money, exaggerated reports and dubious ratings. We must not harbour any illusions while assessing the state of the global economy and the real corporate standing, even if such assessments are made by major auditors and analysts.In effect, our proposal implies that the audit, accounting and ratings system reform must be based on a reversion to the fundamental asset value concept. In other words, assessments of each individual business must be based on its ability to generate added value, rather than on subjective concepts. In our opinion, the economy of the future must become an economy of real values. How to achieve this is not so clear-cut. Let us think about it together.Third. Excessive dependence on a single reserve currency is dangerous for the global economy. Consequently, it would be sensible to encourage the objective process of creating several strong reserve currencies in the future. It is high time we launched a detailed discussion of methods to facilitate a smooth and irreversible switchover to the new model.Fourth. Most nations convert their international reserves into foreign currencies and must therefore be convinced that they are reliable. Those issuing reserve and accounting currencies are objectively interested in their use by other states.This highlights mutual interests and interdependence.Consequently, it is important that reserve currency issuers must implement more open monetary policies. Moreover, these nations must pledge to abide by internationally recognised rules of macroeconomic and financial discipline. In our opinion, this demand is not excessive.At the same time, the global financial system is not the only element in need of reforms. We are facing a much broader range of problems.This means that a system based on cooperation between several major centres must replace the obsolete unipolar world concept.We must strengthen the system of global regulators based on international law and a system of multilateral agreements in order to prevent chaos and unpredictability in such a multipolar world. Consequently, it is very important that we reassess the role of leading international organisations and institutions.I am convinced that we can build a more equitable and efficient global economic system. But it is impossible to create a detailed plan at this event today.It is clear, however, that every nation must have guaranteed access to vital resources, new technology and development sources. What we need is guarantees that could minimise risks of recurring crises.Naturally, we must continue to discuss all these issues, including at the G20 meeting in London, which will take place in April.

Our decisions should match the present-day situation and heed the requirements of a new post-crisis world.The global economy could face trite energy-resource shortages and the threat of thwarted future growth while overcoming the crisis.Three years ago, at a summit of the Group of Eight, we raised the issue of global energy security. We called for the shared responsibility of suppliers, consumers and transit countries. I think it is time to launch truly effective mechanisms ensuring such responsibility.The only way to ensure truly global energy security is to form interdependence, including a swap of assets, without any discrimination or dual standards. It is such interdependence that generates real mutual responsibility.Unfortunately, the existing Energy Charter has failed to become a working instrument able to regulate emerging problems.I propose we start laying down a new international legal framework for energy security. Implementation of our initiative could play a political role comparable to the treaty establishing the European Coal and Steel Community. That is to say, consumers and producers would finally be bound into a real single energy partnership based on clear-cut legal foundations.Every one of us realises that sharp and unpredictable fluctuations of energy prices are a colossal destabilising factor in the global economy. Today's landslide fall of prices will lead to a growth in the consumption of resources.On the one hand, investments in energy saving and alternative sources of energy will be curtailed. On the other, less money will be invested in oil production, which will result in its inevitable downturn. Which, in the final analysis, will escalate into another fit of uncontrolled price growth and a new crisis.It is necessary to return to a balanced price based on an equilibrium between supply and demand, to strip pricing of a speculative element generated by many derivative financial instruments.To guarantee the transit of energy resources remains a challenge. There are two ways of tackling it, and both must be used.The first is to go over to generally recognised market principles of fixing tariffs on transit services. They can be recorded in international legal documents.The second is to develop and diversify the routes of energy transportation. We have been working long and hard along these lines.In the past few years alone, we have implemented such projects as the Yamal-Europe and Blue Stream gas pipelines. Experience has proved their urgency and relevance.I am convinced that such projects as South Stream and North Stream are equally needed for Europe's energy security. Their total estimated capacity is something like 85 billion cubic meters of gas a year.Gazprom, together with its partners – Shell, Mitsui and Mitsubishi – will soon launch capacities for liquefying and transporting natural gas produced in the Sakhalin area. And that is also Russia's contribution to global energy security.We are developing the infrastructure of our oil pipelines. The first section of the Baltic Pipeline System (BPS) has already been completed. BPS-1 supplies up to 75 million tonnes of oil a year. It does this direct to consumers – via our ports on the Baltic Sea. Transit risks are completely eliminated in this way. Work is currently under way to design and build BPS-2 (its throughput capacity is 50 million tonnes of oil a year.We intend to build transport infrastructure in all directions. The first stage of the pipeline system Eastern Siberia – Pacific Ocean is in the final stage. Its terminal point will be a new oil port in Kozmina Bay and an oil refinery in the Vladivostok area. In the future a gas pipeline will be laid parallel to the oil pipeline, towards the Pacific and China.

Addressing you here today, I cannot but mention the effects of the global crisis on the Russian economy. We have also been seriously affected.However, unlike many other countries, we have accumulated large reserves. They expand our possibilities for confidently passing through the period of global instability.The crisis has made the problems we had more evident. They concern the excessive emphasis on raw materials in exports and the economy in general and a weak financial market. The need to develop a number of fundamental market institutions, above all of a competitive environment, has become more acute.We were aware of these problems and sought to address them gradually. The crisis is only making us move more actively towards the declared priorities, without changing the strategy itself, which is to effect a qualitative renewal of Russia in the next 10 to 12 years.Our anti-crisis policy is aimed at supporting domestic demand, providing social guarantees for the population, and creating new jobs. Like many countries, we have reduced production taxes, leaving money in the economy. We have optimised state spending.But, I repeat, along with measures of prompt response, we are also working to create a platform for post-crisis development.We are convinced that those who will create attractive conditions for global investment already now and will be able to preserve and strengthen sources of strategically meaningful resources will become leaders of the restoration of the global economy.This is why among our priorities we have the creation of a favourable business environment and development of competition; the establishment of a stable loan system resting on sufficient internal resources; and implementation of transport and other infrastructure projects.Russia is already one of the major exporters of a number of food commodities. And our contribution to ensuring global food security will only increase.We are also going to actively develop the innovation sectors of the economy. Above all, those in which Russia has a competitive edge – space, nuclear energy, aviation. In these areas, we are already actively establishing cooperative ties with other countries. A promising area for joint efforts could be the sphere of energy saving. We see higher energy efficiency as one of the key factors for energy security and future development.We will continue reforms in our energy industry. Adoption of a new system of internal pricing based on economically justified tariffs. This is important, including for encouraging energy saving. We will continue our policy of openness to foreign investments.I believe that the 21st century economy is an economy of people not of factories. The intellectual factor has become increasingly important in the economy. That is why we are planning to focus on providing additional opportunities for people to realise their potential.We are already a highly educated nation. But we need for Russian citizens to obtain the highest quality and most up-to-date education, and such professional skills that will be widely in demand in today's world. Therefore, we will be pro-active in promoting educational programmes in leading specialities.We will expand student exchange programmes, arrange training for our students at the leading foreign colleges and universities and with the most advanced companies. We will also create such conditions that the best researchers and professors – regardless of their citizenship – will want to come and work in Russia.History has given Russia a unique chance. Events urgently require that we reorganise our economy and update our social sphere. We do not intend to pass up this chance. Our country must emerge from the crisis renewed, stronger and more competitive.

Separately, I would like to comment on problems that go beyond the purely economic agenda, but nevertheless are very topical in present-day conditions.Unfortunately, we are increasingly hearing the argument that the build-up of military spending could solve today's social and economic problems. The logic is simple enough. Additional military allocations create new jobs.At a glance, this sounds like a good way of fighting the crisis and unemployment. This policy might even be quite effective in the short term. But in the longer run, militarisation won't solve the problem but will rather quell it temporarily. What it will do is squeeze huge financial and other resources from the economy instead of finding better and wiser uses for them.My conviction is that reasonable restraint in military spending, especially coupled with efforts to enhance global stability and security, will certainly bring significant economic dividends.I hope that this viewpoint will eventually dominate globally. On our part, we are geared to intensive work on discussing further disarmament.I would like to draw your attention to the fact that the economic crisis could aggravate the current negative trends in global politics.The world has lately come to face an unheard-of surge of violence and other aggressive actions, such as Georgia's adventurous sortie in the Caucasus, recent terrorist attacks in India, and escalation of violence in Gaza Strip. Although not apparently linked directly, these developments still have common features.First of all, I am referring to the existing international organisations' inability to provide any constructive solutions to regional conflicts, or any effective proposals for interethnic and interstate settlement. Multilateral political mechanisms have proved as ineffective as global financial and economic regulators.Frankly speaking, we all know that provoking military and political instability, regional and other conflicts is a helpful means of distracting the public from growing social and economic problems. Such attempts cannot be ruled out, unfortunately.To prevent this scenario, we need to improve the system of international relations, making it more effective, safe and stable.There are a lot of important issues on the global agenda in which most countries have shared interests. These include anti-crisis policies, joint efforts to reform international financial institutions, to improve regulatory mechanisms, ensure energy security and mitigate the global food crisis, which is an extremely pressing issue today.Russia is willing to contribute to dealing with international priority issues. We expect all our partners in Europe, Asia and America, including the new US administration, to show interest in further constructive cooperation in dealing with all these issues and more. We wish the new team success.

Ladies and gentlemen, the international community is facing a host of extremely complicated problems, which might seem overpowering at times. But, a journey of thousand miles begins with a single step, as the proverb goes.We must seek foothold relying on the moral values that have ensured the progress of our civilisation. Integrity and hard work, responsibility and self-confidence will eventually lead us to success.We should not despair. This crisis can and must be fought, also by pooling our intellectual, moral and material resources.This kind of consolidation of effort is impossible without mutual trust, not only between business operators, but primarily between nations.Therefore, finding this mutual trust is a key goal we should concentrate on now.Trust and solidarity are key to overcoming the current problems and avoiding more shocks, to reaching prosperity and welfare in this new century.Thank you.


For the first time in the history of the World Economic Forum, keynote speech deliver by a Russian politician. I concur with Putin's called for the end of the dollar as the world's reserve currency as well as his his views on the world financial system.  Although it's not the first time I heard some of it but coming from Russia PM is definetely something I must say.

Personaly I like this the most; "The entire economic growth system, where one regional centre prints money without respite and consumes material wealth, while another regional centre manufactures inexpensive goods and saves money printed by other governments, has suffered a major setback." Refering to the US and China relationship which somehow or rather part of the problems. A bit cunning and reasonable I must say.

Gee man, suddenly I love this guy..

Fidel Castro's Bloging again and praises Obama  

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Reflections of Comrade Fidel: The Eleventh President of the United States

Last Tuesday, the 20th of January of 2009, Barack Obama assumed the leadership of the empire as the 11th president of the United States since the triumph of the Cuban Revolution in January of 1959.

No one can doubt the sincerity of his words when he affirms that he will convert his country into a model of freedom, respect for human rights in the world and the independence of other nations. This, of course, offends hardly anyone except for the misanthropes in the corners of the planet. He already conveniently said that the jail and the tortures at the illegal base at Guantanamo cease immediately, which begins to sow doubts among those who worship terror as an unrenounceable instrument of their country's foreign policy.

The intelligent and noble face of the first black president of the United States since its founding two and one-third centuries ago as an independent republic had transformed itself under the inspiration of Abraham Lincoln and Martin Luther King into a living symbol of the American dream.

However, despite all of the tests passed, Obama has not passed the biggest one of all: What will he do soon, when the immense power that he has taken in his hands is absolutely useless to overcome the unsolvable, antagonistic contradictions of the system?

I have reduced the Reflections as I had planned this year, so as not to interfere or get in the way of the (Communist) Party or government comrades in the constant decisions they must make, facing difficult objectives caused by the global economic crisis. I am well, but I insist that none of them should feel bound by my occasional Reflections, my state of health or my death.

I read over the speeches and materials I have put together over more than half a century.

I have had the rare privilege to observe events over such a long time. I receive information and meditate calmly about those events. I expect I won't enjoy that privilege in four years, when Obama's first presidential term has ended.

Fidel Castro Ruz, publish here


The former Cuban president’s blog post entitled "The Eleventh President of the United States," actually referring to those who have been in office since his revolution triumphed on Jan. 1, 1959.  Still cunning at this ailing age.

“No one can doubt the sincerity of his words when he affirms that he will turn his country into a model of liberty, respect for human rights in the world and for the independence of other peoples,” Perhap first of it kind coming from Castro in describing the President of U.S.  Cannot blame him thought, after all the CIA has lunch many covert operation and aid and train band of opposition to kill him yet fail. 

Global warming is real;The death rates of trees in western U.S. doubled over the past decades  

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Global warming is real; The death rates of trees in western U.S. doubled over the past decades

A new study spearheaded by the U.S. Geological Survey has found that the death rates of trees in western U.S. forests have doubled over the past two to three decades, driven in large part by warmer temperatures and water scarcity linked to climate change.

The research, examined changes in 76 long-term forest plots in three broad regions across the West, and found similar shifts regardless of the areas' elevation, fire history, dominant species and tree sizes. It is the largest research project based on old-growth forests in North America. 

After examining a range of possible causes for the region-wide pattern, the researhcer find out that the West’s warming trend and warming’s effect on the amount of water available in these areas. hence effect the tree growth.  Summer dry spells are longer. Snows melt earlier. More winter precipitation falls as rain, rather than snow, and the snow that falls has a lower water content than it once did. This all contribute and effect the to the ground water level.

If current tree mortality rates continue and even accelerate,  there is a chance that U.S. forests could shift from being a carbon sink that takes greenhouse gases out of the atmosphere to becoming a net emitter of carbon dioxide. 

Washington Post

The Airbus 320 US Airways plane that crashed into the Hudson River: Sort of miracle?  

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guardian.co.uk, Friday 16 January 2009 02.14 GMT 
Article history

Pilot of US Airways plane avoids disaster and saves lives of 155 people after engine catches fire due to suspected bird strike

The pilot of a US Airways jet managed to avoid disaster and save the lives of all 155 people on board his stricken plane when he ditched into the icy waters of the Hudson river moments after taking off from New York's LaGuardia airport.

The extraordinary escape was immediately dubbed the miracle on the Hudson, and hailed as a testimony to the ability of New York to cope with disaster in the wake of 9/11. Flight 1549 was carrying 148 passengers, including a baby, five crew and two pilots, and all of them escaped.

The captain, named last night as Chesley Sullenberger, has 29 years' experience with commercial airlines and is a former US airforce fighter pilot.

With both his twin engines in trouble, one apparently on fire, and with the ­nearest airport out of range, he calmly brought the plane to land on the river on the west side of Manhattan.

Sullenberger then helped passengers escape to rescue boats, and twice walked the length of the passenger cabin inside the sinking jet to check that everyone had got out safely, before escaping himself."We have had a Miracle on 34th Street. Now we have a miracle on the Hudson," the governor of New York, David Patterson said.

The Airbus 320 took off from LaGuardia bound for Charlotte in North Carolina at 3.26pm. A mere 30 to 45 seconds after take-off there was a bang and the aircraft shook, believed to have been caused by it striking a flock of geese.

The pilot reported to air traffic control that he was experiencing engine ­problems and requested to return to ground. The nearest identified airport was in New Jersey, but when it became clear he could not make it, the pilot prepared for a crash landing on the Hudson. "Brace yourself for impact," he told the passengers.

Seconds later the plane struck the Hudson, on a line with 48th Street in midtown Manhattan, turning a stretch of waterway normally populated by tourists enjoying a waterside view of the skyscrapers into an astonishing fight for survival.

Eyewitnesses reported seeing a splash and the plane coming to an immediate stop; it looked so controlled that some witnesses mistook it for the landing of a seaplane. "I just thought, 'Why is it so low?' And splash, it hit the water," said one witness, Barbara Sambriski.

Read the rest of the story here

funny Indian rider  

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huhuh, what unlucky passenger...

Funny-preculiar or funny haha...  

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Jeb Bush praised Obama but defend his brother  

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Jeb Bush, the former Florida governor and brother of President Bush, has decided not to run for the U.S. Senate, ending weeks of speculation and hope by many of his supporter especially among evangelicals and other conservatives, and that of course including Bush's father, the former President George H.W. Bush. Jeb Bush

Jeb Bush also called on his fellow Republicans to "support Obama initiatives if they don't go against the core principles of the party.

He praised Obama's choice for Education secretary, Chicago Public Schools chief Arne Duncan, calling him a "reformer at heart", ran a tremendous campaign, and proud to call Obama his president," Bush said in the statement. He added that Obama appeared to be a "very impressive guy" who is "smart, disciplined, not rash." And he called on Republicans to avoid targeting the new president with the same kind of partisan attacks that he said Democrats had hurled unfairly at his brother -- attacks that he summed up as "Bush-hating."
Fnny Dubya
"The opposition should be about ideas and not what my brother suffered through in the last eight years," he said. "I don't wish that on President Obama."
George Bush feeble brain

Jeb Bush look like smarter than his brother, but he fail to notice the differences.
The US and the whole world suffered through George Bush tenure, the last eight years. Unfortunatelly all of his brother's previous bad policy, decision and moronic gesture will continue to live for many more years to come.

Two weeks before packs up for Texas, yet dine with $485K china  

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This photograph, by Ron Edmonds of the Associated Press, shows the George W. Bush State China Service that first lady Laura Bush unveiled today at the White House.

"Lenox makes these special sets for the White House and I think maybe for some other heads of state from other countries," Bush told reporters. "But it's a really different process, and they're not available to anyone else.

The White House Historical Association Acquisition Trust, a nonprofit group, paid $492,798 for 320 14-piece place settings, according to a fact sheet officials distributed to reporters. Here's more info:

• The porcelain place setting service features a green basket weave border based on a French dinner service believed to have been owned by James and Dolley Madison. The dessert plates replicate a laurel wreath found on the Madison’s Parisian c.1799-1805 dinner plates. The serving plates and the rim of other pieces also feature an eagle emblem inspired by an American Bald Eagle inlay found on the center drawer of the Massachusetts sideboard, believed to have been owned by Daniel Webster.

• The 14 pieces are: Service Plate, Dinner Plate, Luncheon Plate, Salad Plate, Dessert Plate, Tea Cup, Tea Saucer, 9-inch Soup Cup, Bouillon Cup, Bouillon Saucer, Cream Soup Cup, Cream Soup Stand, Demitasse Cup, and Demitasse Saucer.

First lady Laura Bush showed off a new gold-rimmed set with less than two weeks to use it before the family packs up their things and headed for Texas.

Obama family moves to Washington  

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Monday, 5 January 2009.
US President-elect Barack Obama and his family have officially arrived in Washington DC in preparation for taking up residence at the White House. 

Mr Obama's wife and their two daughters arrived first at the Hay-Adams Hotel, which overlooks the White House. Mr Obama later flew in from Chicago. 

Malia, 10, and seven-year-old Sasha are due to start classes at the exclusive Sidwell Friends School on Monday. 
The Obamas will move to the official presidential guest home on 15 January.  Blair House, which is located opposite the White House and has previously housed presidents-elect before their inauguration, is booked solidly until then, Bush administration officials said. 

The Obamas arrived back at their home in Chicago early on Friday, following a 12-day family holiday in Hawaii, and began the move to Washington less than 48 hours later. 

The Hay-Adams Hotel, built in 1928, stands across Lafayette Square from the White House, where the Obama family will take up residence following the inauguration ceremony on 20 January. 
Security has been tightened around the hotel, with parking restricted in nearby streets until 15 January, according to city officials. 

The Obamas are expected to stay in one of the historic hotel's luxury suites, which cost several thousand dollars a night, as their daughters start school. 

Other children of prominent politicians to have attended the private Sidwell Friends School include Chelsea Clinton and the daughters of President Richard Nixon. 

In the coming days, Mr Obama is expected to spend time with Congressional leaders, as they work on a multi-million dollar stimulus plan intended to aid the country's embattled economy. 

The president-elect has also been invited to lunch at the White House on Wednesday, along with former Presidents Bill Clinton, Jimmy Carter and George Bush Senior. 


Sounds pretty mundance is't. Barack Obama won the 2008 presidential election , now he and the family set to move into the, perhap world's most recognizable address. Its the United States presidential residence at 1600 Pennsylvania Avenue, Washington DC. The young Obama will soon be the  subject of a lot of media attention, good or bad. Just like the young childs who's live in the president's mansion before them such as Amy Carter or Kennedy kids. It has been long long time since Americans saw such young childrens in those mansion or maybe a first black kids if you want to put it that ways.It is interesting to see how the media especially in this new age of internet and new media cover such topics, but i guess Michelle Obamas will do her best to protect the kids.

update:CBS, Obamas ready to move 

Someone willing to pay millions for huge penis  

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Russian oligarchs ready to pay millions for huge penises

The exposition of the rising star of German arts, Jonathan Meese, has recently opened in Moscow. The artist's work has already shocked residents of Berlin and Hamburg, who did not miss their chances to become familiar with Mr. Meese's very unusual artistic view of the world. However, three wealthiest Russian citizens have expressed their wish to purchase several paintings and sculptures of the German artist for their home collections, Express Gazeta wrote.

When the “Dr.Dracula” show opened its doors for Moscow visitors, it attracted women's attention first. Jonathan Meese's paintings and sculptures depict weird creatures with one-meter-long and salami-thick erect penises. A 500-kilo bronze statue is one of the most impressive exhibits at the show. The statue, entitled Propagandist, bears some resemblance to a devilish being carrying a bag of gold in its hand. The statue personifies a modern oligarch, the artist said. However, instead of making a winged or a horned devil, the German artist decided to equip his creation with outrageously large phalluses. Furthermore, there are six testicles hanging down underneath the huge reproductive organs: the artist apparently intended to emphasize the virility and vitality of a contemporary oligarch. Jonathan Meese is probably right: male billionaires in Russia have rather large families. Boris Berezovsky is a father of six children, Chelsea's owner Roman Abramovich has five and Mikhail Khodorkovsky, the former CEO of Yukos oil giant has four kids in his family.

A very wealthy Russia man saw my Propagandist at one of my European shows. He personally asked me to bring the statue over to Moscow some day. He said he would like to purchase the statue to decorate the interior of his country house. When I said that I wanted 500,000 euros for this work, the price did not confuse him at all. Russians have learnt to appreciate arts now,” Jonathan Meese said.

Comment:Some time, the artist became a bit "funny"

How to get rid of cockroaches and get yourself kill as well  

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Cockroaches brutally attack old lady with her own weapon

A huge explosion rocked the city of Lvov in the middle of the night. As it turned out, a 66-year-old apartment owner decided to deal a serious blow to the eternally on-going with cockroaches by spraying the entire place with large amounts of dichlorvos, a nonpersistent organophosphorous pesticide. 

It appears that the senior resident simply tried a little too hard, to put it lightly: the concentrated toxic fumes exceeded the reasonable norm and the poison quickly produced a reaction as soon as the woman lit a candle to reach another dark corner with the pesticide. 

As a result of the explosion doors and windows were knocked out and an entire apartment wall lay collapsed. On top of that many of the owner’s belongings were destroyed in the fire initiated by the powerful burst. The woman herself suffered as well and was taken to the nearby hospital in an emergency vehicle. Doctor on duty explained that the brave cockroach fighter remained in serious condition with 40% of her body covered with burns. 

The neighbors lamented that the insects suffered no losses what so ever. Apparently the poison blew up before they had a chance to inhale it. 

source:Kazanskie Vedomosti Newspaper.

Comment: That was in the city of Lvov (L'viv) in southeastern Poland.