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Tue 10 Oct 2008America to lose superpower status in global financial system
OPINION:The goal of the G20 summit in New York after the US elections will be nothing less than designing a new global financial and monetary structure to replace the expiring Bretton Woods one created back in 1944, writes Tony Kinsella
IN OCTOBER 1964 Soviet leader Nikita Khrushchev was deposed while on holidays in Abkhazia, but was allowed to live out his life in discreet retirement. Khrushchev's son, Sergei, now a professor at the US Naval War College, recalls his father describing the reality of that retirement as marking a "civilised coming of age" for the Soviet Union.
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