Gathered in an elegant 19th-century museum building in Washington, the world’s most powerful leaders came together for the first time amid the worst economic crisis since the Great Depression.
The unprecedented November 2008 gathering of the Group of 20 nations marked the first of what would be three such summits in fewer than 12 months. Each showcased an American president — one Republican, one Democrat — helping to remake a damaged global economy. With leaders from Europe, Japan, China and elsewhere, Presidents George W. Bush and Barack Obama crafted a $5 trillion stimulus, overhauled financial regulations and quashed beggar-thy-neighbor protectionism. Read more…..
Chart of the Day
Shark Tank’s Kevin O’Leary tells CNBC co-anchor Tyler Mathisen why all entrepreneurs and CEOs should be willing to fire anyone who doesn’t fit with the business — even if they’re family.