News Snapshot:
In his first visit to China since taking office at the beginning of this year, Brazilian President Luiz Inácio Lula da Silva called on countries across the globe to ditch the U.S. dollar in favor of trading in a common currency or existing national currencies, something he did in his own trade with Beijing just weeks earlier. "Every night, I ask myself why all countries are forced to do their trade backed by the dollar?" Lula asked. "Why can't we do trade backed by our currency?" Perhaps even more significant than the message Lula delivered was where he delivered it....
