The Presidential Daily Brief


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    Carrots and Sticks to Battle at G-7 Summit

    Spare the rod, spoil the economy? That’s not what American and Japanese leaders believe as they prepare to meet with the Group of Seven industrialized economies on Thursday and Friday. Advocates of stimulating growth — even to the point of printing currency — they’re expected to engage in a “frank exchange of views” with their British and German counterparts, who believe austerity is the remedy for global economic sluggishness. The answer, it seems, is a “go your own way” strategy, which is likely to yield vastly different approaches — and results.

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