Government leaders will examine ways of preventing another crisis

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Bush calls Global economic summit

The White House is bringing world leaders to Washington next month for a summit to discuss the global economic crisis.

The governments of twenty developed and developing countries will asses the progress made so far in dealing with the collapse of credit and the fall in values on world markets.

The talks will take place shortly after the US presidential election.

The Democratic candidate for US President, Barack Obama, has welcomed the summit.

The French President, Nicolas Sarkozy, said it would be the first in a number of meetings to rebuild the international financial system.

Shares continue to fall

	Once again, investors are worried about a global recession

As the Washington summit was announced, stock markets around the world continued to slide.

At the close of trading in New York, the Dow Jones index was down five-and-a-half percent.

In London the FTSE closed down four-and-a half percent. In Brazil shares fell by over six percent.

And in an attempt to to stabilise its currency, the central bank in Hungary has increased its interest rates by three percent.

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-A British Paliament Member who recently visited India-Burma border said the famine of Southern Chinland is serious.

-The American Federation of Teachers, the largest organization representing teachers and educational workers in the United States, awarded '2008 Presendent's International Democracy Award' to the 88 generation students.

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