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STRENGHTHEN FINANCIAL SYSTEM

        PRESIDENT Barack obama on wednesday promised a new era of US engagment with the world saying that only by acting together can mankind overcome pressing global challenges."We have reached a pivotal moment.The US stands ready to begin a new chapter of international cooperation .One that recognise the rights and responsibilities of all nations," Obama said in his 1st speech to the united nations General Assemblysince taking office in january.

     Obama urged international leaders to join him,saying the US could not shoulder the responsibility alone."Thjose who used to chastise america for acting alone in the world can not now stand by and wait for America to solve the world problem alone ,"he said.The US leader who will host a Group20 nations sammit in pittsburgh this week also pledged to work with allies to streghthen financial regulation to "put an end to the greed, exess and abuse that led us into disaster"

      Obama was among the 1st major speakers at this years UN gathering which brings more than 100 heads of state and government together to thrash out various issues.Iranian president Mahnoud Ahmdajinejad,Venezuelan President Hugo Chavez.

       Obama has brought a new tone in US foreign policy stressing cooperation and consultation over the unilaterlism of his predecessor George W bush but while the apluase he received at the United Nation was testment to obama’s global popularity,te new approch is deliverd few concreate foreign policy achievement . 

Nikhil Borse:
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