Copley News Service, 07/24/2001
While the leaders of the major industrial countries, the so-called G-8 nations, fiddled in Genoa, Italy, the world economy was going into a deep freeze. Global trade is shrinking. A deflating dollar is squeezing international economic activity and putting currencies around the world at risk. The IMF continues to force poisonous tax increases and austerity measures down the throats of floundering economies like Argentina.