THE NEW IMF CHAIRMAN MADE A BRIEF PRESS CONFERENCE APPEARANCE AS THE NEW IMF BOSS IN HER OFFICE TODAY IN NEW YORK.

Christine lagarde the former French finance Minister appeared on a brief press conference today in her new office in New York as the new female IMF boss after just one week of her election victory to the high position. The press coverages in the USA expressed their suport to the new IMF chairman as a knowledgeable and capable personality that would lead the IMF in the next five years. However, details of her work, or rather the future work in regard to changes, or better new finance strategies and concepts to the Institution during the current difficult financial condition in many countries along with the lending strategies have not been made known on the media after the official press release of her acceptance of the new responsibility as the IMF chairman in her office in the USA.

POLITICS EXCEEDED THE LEGISLATIVE GUIDANCE IN BOTH GERMANY'S DOMESTIC POLICY AND THE EUROPEAN UNION POLICY.

Germany's role as a mojar economic, political and problem solver in the European Union and in the world became controversial, when the German citizens and the German intellectuals requested the High Court in Germany, specifically in Karlruhe to make the decision and the judgement on the government's action in regard to the allocation of both loan and the financial rescue package to Greece which Germany alone has so far contributed the amounts of twenty two point four billion euros ($22.400,000,000.00) euros and a hundred and fourty seven point six billion euros ($147.400,000,000.00)euros in loan and the financial rescue package respectively. However, the High Court decision came as a surprise that caused controversy and political highlight in Germany and around the world, when the High Court judgement on the government's action and financial assistance allocation came as an abuse, or rather abusive to both the European Union policy and the German government domestic policy . The German High Court emphasized the fact that the European Union policy does not make one country captive of other Union member country financial, or economic responsibilities and that the politics has exceeded the legislative guidance in regard to both the domestic policy in Germany and the European Union policy.

THE USA COMMEMORATED THE ANNUAL RECALL TO MEMORY OF ITS INDEPENDENCE DAY ON THE 4TH OF JULY AND IN ATLANTA/GEORGIA THE OBSERVATION OF THE INDEPENDENCE

THE USA COMMEMORATED THE ANNUAL RECALL TO MEMORY OF ITS INDEPENDENCE DAY ON THE 4TH OF JULY WITH RACES FIREWORKS AND FESTIVALS AND IN ATLANTA GEORGIA THE OBSERVATION OF THE INDEPENDENCE DAY HAS BEEN ASSOCIATED WITH THE PEACHTREE ROAD RACE.

The USA commemorated the annual recall of its Independence day on the 4th of July with races, fireworks and festivals. In Atlanta/Georgia the observation of the Indepence day has been associated with the Peachtree Road Race which its ten kilometers (10km) track course has been placed on one of the city's main roads from which the name of the well known race, the Peachtree Road Race had been derived . An estimated number of over fifty nine thousand athletes from Atlanta/Georgia and many countries around the world participated in the race . Specific figures on the participants of the race revealed that ninety eight percent (98%) of the athletes came from Georgia, other USA States and two percent came from different countries around the world that included the European countries, Russia, the Middle Eastern countries, the Arab world and African countries. Unfortunately, the championship of the race has not been won by the majority of the participants of the race, instead it went to the only two percent participants of the race and specifically the champions of the the Peachtree Road Race in the year 2011 went to Sammy Kiwara from Kenya for the male athletes who reached the finish line in 28:05 and for the female athletesthe championship of the race went to Werknesh Kidane of Ethiopia in 31:23. However, the Peachtree Road Race would be a pleasant surprise in the next year competition for many people in Georgia and in the USA, when the Doraville Professor take the championship of the race from both the Kenyans and the Ethiopians.

THE EUROPEAN UNION HAS CHANGED THE FINANCIAL RESCUE PACKAGE AMOUNT ALLOCATED TO GREECE.

Despite the Greek government effort and Papandreou's acknowledged leadership during the government crisis in Greece that required the leadership with the government and the citizens collective approach towards solutions to the country's current problems that entailed bankruptcy and the fulfillment of the required procedures in order for Greece to qualify for the European Union financial rescue package by cabinet reshuffle, the Parliament's support for the government's Austerity measures, privatization, tax increase, changes in the retirement age and much in allowances and pay increase sacrifices for the hardest working Greek citizens which fortunately has been attained by the government in order for Greece to cash the allocated amount which the European Union leaders have changed to twelve billion euros ($12,000,000.00) euros from the previous two hundred and ten billion euros($210,000,000,000.00) euros because of the uncertainty in Papandreou's government to win the next election and pay the debt as required.

CHINA CELEBRAYED ITS 90th BIRTHDAY WHICH REFLECTED FINANCIAL FREEDOM AND GLOBAL INFLUENCE.

China celebrated the 90th birthday of the Socialist system reign in China that began in 1912 with features that reflected the extra-ordinary success the Socialist reformed government has accompolished in regard to the introduction of the market economy, the industrial developement and competitiveness it has attained that resulted in China's formidable and growing military and economic muscles that enabled financial freedom and global influence in various fields that has placed China and the Chinese on the right track for the required advancement towards the more advance wealthiest global power and perhaps the next super power, if the USA, or Russia relinquish the position of the world's super power.

THE CYBER ATTACK ON THE BLOG NEWS AND CHATS FOR THE WEEKEND HAS BEEN NEUTRALIZED.

The cyber attack on the blog NEWS AND CHATS FOR THE WEEKEND has been neutralized once again. Alternative simple identification codes enabled the Server to one again recognize the blog and activated the application to respond, inspite of the targeted publishing application button. All the articles, messages and other applications that have either not been published, or deactivated have been saved and published safely, or rendered functional respectively. However, the damage inflicted on the blog NEWS ANDCHATS FOR THE WEEKEND has been estimated at the value worth the sum of over two hundred thousand dollars ($200,000.00).

THE USA AND THE EUROPEAN COUNTRIES TROOPS WITHDRAWAL FROM AFGHANISTAN.

USA troops withdrawal from Afghanistan begun early morning today. Thirty three thousand troops have been expected to return home from the war zones in Afghanistan in the first phase of troops withdrawal from Afghanistan. The political implication in the long term implementation of the citizens demand for troops withdrawal from the war zones entailed reduced spending for the military and the social events organised by happy families for the return of their loved ones from the war zones in Afganistan. However, some European countries, particularly Germany has scheduled the withdrawal of the Bundeswehr at the end of the month of july in the year 2011.