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In his first speech since Election Day, President-elect Obama warned yesterday that purse strings would be tight at the start of his term for the nation and its people.
But before Obama begins, Inauguration Day celebrations are causing those in DC to consider whether last year's purse strings are suitable attire for the upcoming balls and celebrations.
We are at the start of what promises to be an unusually difficult year in the global economy. Policy decisions in the United States and other rich world countries will matter immensely for poor and vulnerable people living in developing countries.