Biden appeals to G20 protesters

Joe Biden (right) asked protesters to give G20 leaders a fair hearing

US Vice-President Joe Biden has called for G20 protesters to give governments a chance to tackle the economic crisis.

At a G20 warm-up meeting in Chile, Mr Biden said heads of state would agree proposals to remedy the crisis at next week’s meeting in London.

As they spoke, tens of thousands of protesters marched in the UK capital and in Germany, France and Italy.

US billionaire George Soros told the news the G20 meeting was “make or break” for the world economy.

“Unless they do something for developing world there will be serious collapse in that part of the world,” Mr Soros said.

Massive security operation

At a news conference in Vina del Mar, Mr Biden said he hoped the protesters would give the politicians a chance.

“Hopefully we can make it clear to them that we’re going to walk away from this G20 meeting with some concrete proposals,” he said.

British Prime Minister Gordon Brown said he understood why people were demonstrating in the UK.

“We will respond to [the protest] at the G20 with measures that will help create jobs, stimulate business and get the economy moving,” he said.

But Brazil’s President Luiz Inacio Lula da Silva told the Chile meeting that everyone was suffering from the recklessness of those who had turned the world economy into “a gigantic casino”.

“We are rejecting blind faith in the markets,” he said.

In London on Saturday, demonstrators demanding action on poverty, jobs and climate change called on G20 leaders to pursue a new kind of global justice.

Police estimated 35,000 marchers took part in the event.

A series of rallies are planned for Wednesday and Thursday by a variety of coalitions and groups campaigning on a range of issues from poverty, inequality and jobs, to war, climate change and capitalism.

There have been reports that banks and other financial institutions could be targeted in violent protests.

British officials have put a huge security operation in place.

‘We won’t pay’

Before the London summit, Mr Brown has been visiting a number of countries trying to rally support for his economic plans.

In Chile on Friday he said people should not be “cynical” about what could be achieved at the summit, saying he was optimistic about the likely outcome.

But in an interview, German Chancellor Angela Merkel dampened expectations of a significant breakthrough.

She said one meeting would not be enough to solve the economic crisis and finish building a new structure for global markets.

In Berlin, thousands of protesters took to the streets on Saturday with a message to the G20 leaders: “We won’t pay for your crisis.”

Another march took place in the city of Frankfurt. The demonstrations attracted as many as 20,000 people.

In the Italian capital, Rome, several thousand protesters took to the streets.

In Paris, around 400 demonstrators dumped sand outside the stock exchange to mock supposed island tax havens.

Biden and Palin debate

Biden and Palin debate

The two US vice-presidential candidates have traded blows on the financial crisis, climate change and foreign policy in their only TV debate.

Democrat Joe Biden sought to link Republican presidential candidate John McCain to the policies of President Bush, saying he was “no maverick”.

Republican Sarah Palin defended herself against claims of inexperience and said the McCain ticket would bring change.

Voter polls suggested Mr Biden had won but Mrs Palin did better than expected.

The debate at Washington University in St Louis, Missouri, was seen as particularly crucial for Mrs Palin, whose poll ratings have fallen.

Mrs Palin played to her strengths and her image as a mother in touch with ordinary Americans.

For the most part she spoke fluently but simply about the economy, climate change and the war in Iraq, our correspondent says, and there were few of the stumbling gaffes that have become the staple of late-night comedy shows.

Two polls conducted after the debate, by US networks CNN and CBS News, judged Mr Biden the winner. However, the CNN poll found a large majority thought Mrs Palin had done better than expected.

‘Hockey moms’

Asked by moderator Gwen Ifill who was at fault for the current problems with the US banking system, Mrs Palin blamed predatory lenders and “greed and corruption” on Wall Street.

It would be a travesty if we were to quit now in Iraq Sarah Palin Republican VP nominee

Senator McCain would “put partisanship aside” to help resolve the crisis, she said, and had raised the alarm over mortgage giants Fannie Mae and Freddie Mac long ago.

She said “Joe six-packs and hockey moms across the country” – referring to middle-class voters – needed to say “never again” to Wall Street chiefs.

Mrs Palin also accused Democratic presidential candidate Barack Obama of seeking to raise taxes but Mr Biden rejected that claim.

He said the economic crisis was evidence that the policies of the past eight years had been “the worst we’ve ever had” and accused Mr McCain of being “out of touch” on the economy.

Senator Obama’s plan to raise taxes on households earning over $250,000 was “fairness”, Mr Biden said, unlike Mr McCain’s proposals for more tax breaks for big companies.

‘Dead wrong’

On foreign policy, Mrs Palin accused Mr Obama of refusing to acknowledge that the “surge” strategy of extra troops in Iraq had worked.

He’s not been a maverick on virtually anything that people talk about around the kitchen table Joe Biden Democratic VP nominee

“It would be a travesty if we were to quit now in Iraq,” she said, describing Mr Obama’s plan to withdraw combat troops a “white flag of surrender”.

Mr Biden countered by saying Mr McCain had been “dead wrong” on Iraq and had yet to present a plan to end the conflict.

He said the US was wasting $10bn a month in Iraq while ignoring the real front line in the fight against terrorism, Afghanistan.

In turn, Mrs Palin said Mr Obama was naive for saying he was willing to talk directly to the leaders of Iran, North Korea and Cuba. “That is beyond bad judgment. That is dangerous,” she said.

The pair also sparred on the issue of climate change.

Mrs Palin, governor of energy-rich Alaska, said human activities were a factor in climate change but that climatic cycles were also an element. She urged US energy independence as part of the answer.

Key words used most frequently by Joe Biden in the debate

Mr Biden pointed to climate change as one of the major points on which the two campaigns differed, saying: “If you don’t understand what the cause is, it’s virtually impossible to come up with a solution.”

He said he and Mr Obama backed “clean-coal” technology and accused Mr McCain of having voted against funding for alternative energy projects and seeing only one solution: “Drill, drill, drill.”

While Mrs Palin described her party’s candidate as “the consummate maverick”, her rival argued that Mr McCain had followed the Bush administration’s policies on important issues such as Iraq.

“He’s not been a maverick on virtually anything that people talk about around the kitchen table,” Mr Biden said.

Overall, commentators highlighted Mrs Palin’s frequent use of a “folksy” style, for example using expressions like “doggone it” and telling her opponent: “Aw, say it ain’t so, Joe.”

They also noted how Mr Biden appeared emotional as he talked about raising his two young sons alone after a car crash killed his first wife.

Poll shift

According to a Pew Research Center poll, two-thirds of voters planned to follow the debate, far more than in 2004.

Sarah Palin was a huge hit at the Republican convention last month

A new poll by the Washington Post suggests that 60% of voters now see Mrs Palin as lacking the experience to be an effective president.

One-third say they are less likely to vote for Senator McCain, as a result.

Independent voters, who are not affiliated to either political party, have the most sceptical views of the 44-year-old Alaska governor.

Another poll, for CBS News, gives Senator Barack Obama 49% to 40% for Mr McCain.

It is the latest in a series of opinion polls that have shown a significant shift in the direction of Mr Obama since the economic crisis began.

Mrs Palin, whose fiery speech at last month’s Republican convention inspired Christian conservatives, produces unusually strong feelings – both positive and negative – among voters.

Key words used most frequently by Sarah Palin in the debate

Although Mrs Palin has succeeded in mobilising conservative Republicans, her key challenge is to appeal to the swing voters who could determine who will win the battleground states, analysts say.

In particular, she needs to win over the “Wal-Mart moms” – white, working-class married women.

A recent poll of customers of discount giant Wal-Mart suggested that Mr McCain was slightly ahead with this group in Ohio and Florida, while Mr Obama was leading in Virginia and Colorado.

Meanwhile, the McCain campaign is scaling back its operations in another swing state, Michigan, effectively conceding the advantage to Mr Obama there.

Senate urged to back crisis bill

Shares remain volatile ahead of Wednesday’s key vote

Democratic and Republican Senate leaders have appealed for a new version of a $700bn (£380bn) Wall Street bail-out to be approved in a key vote.

Republican Mitch McConnell said it would shield Americans from “shockwaves of a problem they didn’t create”.

The plan needs support in the Senate and House of Representatives, which rejected a similar bill on Monday.

Senate Democrat Harry Reid said he hoped a strong show of bipartisanship would “spark the House to do the same”.

President George W Bush has been speaking to senators ahead of the vote. The White House said it hoped to see “strong support for the bill”.

“It’s critically important that we approve legislation this week and limit further damage to our economy,” said spokesman Tony Fratto.

US presidential hopefuls John McCain and Barack Obama are returning from the campaign trail for the vote, which is due to begin late on Wednesday.

Revised proposal

Global shares were mixed in Wednesday trading ahead of the vote.

By early afternoon on Wall Street the Dow Jones was down 0.2% or 30 points.

CHANGES TO BILL Raises government’s guarantee on savings from $100,000 to $250,000 Tax breaks to help small businesses and promote renewable energy Expansion of child tax credit and help for victims of recent hurricanes

But hopes that enough changes had been made to get the bill through saw shares close up strongly in Asia on Wednesday.

In Europe, the UK’s FTSE 100 finished 1.1% higher at 4,959.6 points, France’s key index added 0.6% while German shares fell.

Changes to the rescue plan involve lifting the US government’s guarantee on savings from $100,000 to $250,000 and a package of targeted tax breaks.

They are designed to answer critics who felt the original plan was weighted too much in favour of Wall Street while not enough was being done to help struggling American families.

To get through the Senate, the bill will require backing by 60 of the 100 senators. It would then return to the House of Representatives for a vote on Thursday or Friday.

Some members of Congress continue to press for more fundamental changes to the bill.

President Bush has warned of “painful and lasting” consequences for the US should Congress fail to agree a rescue plan.

The House’s rejection of the earlier version of the plan on Monday led to sharp falls on world stock markets.

In other developments:

• The European Union outlines its own proposals for reforming banking regulation which, if approved, could see dramatic changes to the way in which banks operate
• Russian Prime Minister Vladimir Putin says the “irresponsibility” of the US financial system is to blame for the crisis
• Ireland’s government discusses a move to guarantee all bank deposits with the EU Competition Commissioner

‘Painful recession’

In election campaigning on the eve of the vote, Mr McCain and Mr Obama urged politicians of both parties to work together to pass the emergency legislation.

Speaking in Reno, Nevada, Mr Obama warned that without action by Congress “millions of jobs could be lost, a long and painful recession could follow”.

John McCain said inaction by Congress was putting the US at risk

He added: “There will be a time to punish those who set this fire, but now is the moment for us to come together and put the fire out.”

Mr McCain, who campaigned in Des Moines, Iowa, said inaction by Congress had “put every American and the entire economy at the gravest risk” and that Washington urgently needed to show leadership.

“I am disappointed at the lack of resolve and bipartisan goodwill among members of both parties to fix this problem,” he said.

The vote comes a day before a TV debate between vice-presidential candidates Joe Biden and Sarah Palin.

Mr Biden, Mr Obama’s running mate, is also expected to take part in the Senate vote.

Meanwhile, ex-President Bill Clinton is to hold his first rally for Mr Obama.

Mr Clinton, whose wife Hillary lost to Mr Obama in a fierce primary contest for the Democratic nomination, is due to appear in Florida, where he will encourage people to register as voters before a deadline on Monday.

Quiet Biden back to the fore

Joe Biden’s task is to paint his rival Sarah Palin as untried and untested

Amid the hyper inflated excitement that still follows Republican vice-presidential candidate Sarah Palin wherever she goes, it is sometimes easy to forget that she has a rival for the job – Joseph Biden.

Remember him? You know, the grey-haired guy Barack Obama picked to be his running mate on the Democratic party ticket.

When he strode out onto the stage in Denver to accept his party’s nomination, Joe Biden had the media’s full attention.

Two days later it was gone. And it seems he has struggled ever since to get it back.

What happened? Sarah Palin happened. Everywhere she goes, a large media posse follows.

In contrast, Joe Biden’s press plane travels the country with a large number of conspicuously empty seats.

Supporters of the Delaware senator say he is quietly getting on with the job, going from town to town, meeting voters, patiently answering their questions and making the case that he and Barack Obama represent the real change in the race for the White House.

Blue collar votes

On the campaign trail Joe Biden has been trying to stress that, with every fibre of his working class roots, he understands the pain of ordinary American families in these troubled economic times – understands in a way, he says, that his old friend John McCain simply cannot.

JOE BIDEN Ran for presidency in 1988 Delaware senator since 1972 A straight talker, who makes occasional gaffes

That, of course, was partly why he was picked: to appeal to an important part of the electorate with which Barack Obama has consistently struggled to connect – blue collar workers.

It was also assumed that Mr Biden would act as the sharp-tongued attack dog, allowing Mr Obama to remain above the fray.

With his long experience in the Senate, especially on the Foreign Affairs Select Committee, it was argued that Joe Biden could simultaneously fill the perceived gaps in Mr Obama’s resume and go toe to toe with John McCain – one old scrapper to another.

Mr Biden has stuck to his task. But he has not set the world on fire. Then again, perhaps he was not meant to – that has always been Barack Obama’s strong suit.

Joe Biden was meant to be the reassuring older hand helping to guide the charismatic presidential challenger safely towards the White House.

He was, in a way, the classic “do no harm” pick for vice-president.

Veep debate

Despite concerns about his reputation for long-winded ramblings, sprinkled with the occasional spice of verbal gaffes, Joe Biden has hardly put a foot wrong.

Two recent quotes have raised some eyebrows though, and, interestingly, perhaps raised his media profile again.

• First, he said Hillary Clinton may have been a better choice for the vice-presidential nomination (after all the effort at the Denver convention to heal party wounds, why on Earth would he want to expose that scar again?)
• Then he said that wealthy people should consider it their patriotic duty to pay higher taxes. That brought rapid fire from the McCain-Palin campaign team and at least got the television pundits talking about him again

But it is his next big moment in the spotlight that will really test Joe Biden’s calibre – the vice-presidential debate in Missouri on 2 October.

Insider v hockey mom?

Joe Biden and Sarah Palin actually have some things in common.

Both claim to speak the language of the ordinary, hard-working, American family. Both eschew ivy league intellectualism. Both have sons serving in Iraq.

Like Joe Biden, Sarah Palin eschews ivy league intellectualism

But, of course, it will be the differences everyone will be focusing on.

Joe Biden’s task will be to paint his opponent as untried and untested; too risky to place a heartbeat away from the presidency.

But he has to make that case without appearing patronising or demeaning, or in any other way opening himself up to the charge of sexism.

The silver-haired, battle-hardened, Washington insider versus the self-styled hockey mom from the remote reaches of Alaska.

It is one of the most keenly anticipated bouts of the entire election, and perhaps more than any of its predecessors, it could have a real influence on the outcome.

White House race enters high gear

Candidates often see a surge in popularity after the party conventions

The US presidential rivals have begun campaigning in earnest, as a new opinion poll put Republican John McCain ahead of Democrat Barack Obama.

Fresh from being nominated at their party conventions, the two men are now gearing up for the 4 November poll.

A USA Today-Gallup poll put Mr McCain ahead for the first time in months.

Candidates often see a bounce in the polls after the conventions but Mr McCain’s choice of Sarah Palin as running mate is being seen as key.

Mr McCain has tried to strike a balance between distancing himself from an unpopular presidency and rallying the party’s conservative base.

Mrs Palin wowed the Republican convention crowd with her speech, helping to re-energize his campaign.

Major test

Mr McCain said that “the electricity has been incredible” at rallies ever since he invited the Alaskan governor to join his ticket.

“She has excited people all over the country. I would love to say it was all because of the charisma of John McCain, but it is not,” he told CBS on Sunday.

Mr McCain said that “the electricity has been incredible” at rallies

Mrs Palin will face a major test this week when she gives her first nationally televised interview, following intense media scrutiny over her personal life and credentials for the ticket.

The USA Today-Gallup poll, which was released on Sunday, showed Mr McCain leading Mr Obama by four percentage points, 50 to 46.

A USA Today poll taken before the Republican convention showed Mr McCain trailing Mr Obama by seven points.

The latest poll had a margin of error of plus or minus three percentage points.

The results of a Reuters/Zogby poll, also released over the weekend, gave Mr McCain the edge, with 50 percentage points to 46.

The Rasmussen Reports daily Presidential Tracking Poll showed John McCain with a one-point lead.

Mr McCain and Mrs Palin are scheduled to be in Missouri on Monday.

Mr Obama is campaigning in the crucial swing state of Michigan. His vice-president, Joe Biden, was appearing in Wisconsin and Iowa, while Hillary Clinton is on the campaign trail in Florida.

Despite the frenetic pace of the presidential race, the candidates will stop campaigning on Thursday to appear together in New York on the anniversary of the 11 September 2001 attacks.

They said they would put aside politics to honour the memory of the nearly 3,000 people who died.

Palin takes battle to Democrats

Palin takes battle to Democrats

John McCain’s running mate, Sarah Palin, has made a stinging attack on Democratic presidential runner Barack Obama at the US Republican convention.

She gave her first major campaign speech to an enthusiastic crowd at the convention in St Paul, Minnesota.

Defending her small-town roots, she attacked Mr Obama as having talked of change, but done nothing of substance.

Mr McCain made a surprise appearance on stage, with her family, saying: “Don’t you think we made the right choice?”

The Arizona senator has been formally nominated as the party’s presidential candidate in a roll call vote by state delegations. He is expected to accept the nomination on Thursday.

I’ve learned quickly… , that if you’re not a member in good standing of the Washington elite, then some in the media consider a candidate unqualified for that reason alone Sarah Palin

In a speech designed to rally the party base, she spoke of her family, including her elder son, who is about to be deployed to Iraq in the US Army, and her younger son, who has Down’s Syndrome.

The mother-of-five highlighted her background as a small-town “average hockey mom” and stressed that she was not part of the “Washington elite”.

In a salvo directed at media commentators who have questioned her qualifications, she said she was “not going to Washington to seek their good opinion” but to serve the people.

Mrs Palin praised the “determination, resolve and sheer guts” of Mr McCain and said she was honoured to help him.

Mrs Palin also attacked Mr Obama’s “change agenda” and suggested he was more interested in idealism and “high-flown speech-making” than acting for “real Americans”.

“In politics, there are some candidates who use change to promote their careers,” she said.

I liked the parliamentary-style jabs at Obama BBC North America editor Justin Webb

“And then there are those, like John McCain, who use their careers to promote change.”

She also targeted Mr Obama’s experience as a community organiser and remarks he made earlier this year when he spoke of “bitter” working-class people “clinging to guns or religion”.

“I guess that a small-town mayor is sort of like a ‘community organizer’, except that you have actual responsibilities,” she said.

“I might add that in small towns, we don’t quite know what to make of a candidate who lavishes praise on working people when they are listening, and then talks about how bitterly they cling to their religion and guns when those people aren’t listening.”

Mrs Palin – who supports drilling for oil in Alaska’s Arctic National Wildlife Refuge – said that while drilling “will not solve all of America’s energy problems”, that is “no excuse to do nothing at all”.

Democrats under fire

Former Governors Mitt Romney and Mike Huckabee opened the night by hailing Mr McCain and attacking the Democrats.

Mr Romney, a one-time rival of Mr McCain for the Republican nomination, used his speech to hammer the Democrats over their “liberal” agenda.

“We have a prescription for every American who wants change in Washington – throw out the big government liberals and elect John McCain,” the former Massachusetts governor said.

He also lauded Mr McCain’s national security credentials, saying he was the presidential contender who would defeat “evil” radical Islam.

Mr Huckabee, also a former rival of Mr McCain, joked that he had hoped to be giving the speech on Thursday night – when Mr McCain will accept the party’s nomination to run for president in November’s election.

But, he said, he was delighted to be speaking for his second choice, Mr McCain – “a man with the character and stubborn kind of integrity that we need in a president”.

He defended Mrs Palin against criticism from the media, saying its coverage had been “tackier than a costume change at a Madonna concert”, and attacked the Democrats’ vice-presidential candidate Joe Biden.

You need to face your enemy in order to defeat them. John McCain will face this threat and bring victory to this country Rudy Giuliani

“I am so tired of hearing about her lack of experience. She got more votes running for mayor of Wasilla, Alaska, than Joe Biden got running for president of the United States,” he said, referring to Mr Biden’s performance in the Democratic primaries.

Former New York City Mayor Rudy Giuliani followed Mr Huckabee on stage, calling the 2008 presidential election a “turning point” for the people of the US.

He charged the Democrats with being in denial about the threat from terrorism and said Mr McCain had the foreign policy, national security and leadership experience that counted.

“The choice in this election comes down to substance over style,” he said. “John has been tested. Barack Obama has not. Tough times require strong leadership, and this is no time for on the job training.”

Vetting questions

The Alaska governor’s speech comes amid scrutiny of her record and after two days dominated by the news her daughter Bristol, 17, is pregnant.

Mrs Palin and her family, including Bristol and her boyfriend, greeted Mr McCain at the airport as he arrived in Minnesota on Wednesday.

Ahead of her address, senior McCain campaign adviser Steve Schmidt issued a statement saying that media questions over how thoroughly Mrs Palin was vetted should end.

It has also been revealed that an attorney has been hired to represent Mrs Palin in an Alaska state ethics investigation involving alleged abuse of power.

Mrs Palin told US network CNBC she had “nothing to hide”. Her deposition is expected to be scheduled soon.

There have also been reports that Mrs Palin sought special financial favors for her city and state – something the McCain campaign is against.

She was elected governor of Alaska in 2006 and before that was mayor of the small town of Wasilla, Alaska.

Obama picks Biden as running-mate

Mr Obama could benefit from Biden’s foreign policy clout, analysts say

US Democratic presidential hopeful Barack Obama has announced that Joe Biden will be his running mate in November’s election.

Mr Obama’s choice, confirmed on his website, comes ahead of next week’s Democratic Party convention.

Mr Biden, a 65-year-old veteran lawmaker, has over three decades of Senate experience and is highly respected on foreign policy issues.

Republican contender John McCain could announce his choice next week.

Speculation is mounting that Senator McCain may name his running mate on 29 August, his 72nd birthday and a day after the Democrats wrap up their convention.

‘Impressive record’

The announcement came shortly after several US media networks began reporting that Mr Biden had been chosen.

“Barack has chosen Joe Biden to be his running mate,” a brief statement on Mr Obama’s campaign website said.

“Joe Biden brings extensive foreign policy experience, an impressive record of collaborating across party lines, and a direct approach to getting the job done,” it said.

The two men are expected to appear together at a rally in Springfield, Illinois, later in the day.

Mr Biden has represented the state of Delaware in the US Senate since 1972.

He is known as a strong orator and chairs the Foreign Relations Committee – something analysts say would balance Mr Obama’s self-confessed lack of foreign policy experience.

The son of a car salesman, he is also expected to appeal to the blue collar workers with whom Mr Obama has struggled to connect.

OFFICE OF THE VICE-PRESIDENT Second-highest executive officer in the United States Assumes the top role if the president cannot continue in office One of four statutory members of the National Security Council

The senator ran against Mr Obama and Senator Hillary Clinton for the presidential nomination but dropped out after failing to gain enough support.

The McCain camp called the choice of Mr Biden an admission by Barack Obama that he was not ready to be president.

“Biden has denounced Barack Obama’s poor foreign policy judgement and has strongly argued in his own words what Americans are quickly realising – that Barack Obama is not ready to be president,” McCain campaign spokesman Ben Porritt said in a statement.

John McCain has reportedly not yet settled on a running mate.

Minnesota Governor Tim Pawlenty and former Massachusetts governor Mitt Romney are reported to be under serious consideration for the role.