The G-20 meeting, a Prom for Presidents of sorts, is coming up in London soon.  What to do with all that authority, you ask?  Why, strike a bargain, of course!  U.S. and the Europeans want the IMF beefed up to the tune of $500 billion.  For that they need China.  China would need a little something, too. Like a bigger voice in the IMF itself, and for everyone to stop talking already about how it devalues its yuan to keep the exports cheap, which creates huge imblances in the global trading system.  This was part of the problem, no?  Hmm... how will the cookie crumble, who will prevail?  This is almost as much fun as the Olympics! The Fed is pulling out all the stops: the Open Market Committee decided that the Fed will inject another $1 trillion into the economy, in the hopes of brining us out of the crisis.  Since there are really no recipes for getting out of resessions such as this one, everyone just hopes it works. Ron Kirk is confirmed as the U.S. Trade Representative.  Welcome, and time to roll up your sleeves, sir.