Morning Brief, Friday, July 27
MARIO TAMA/Getty Images Markets After yesterday’s big Wall Street sell-off, Asian investors shed shares of companies with extensive U.S. business, but volatile European markets eventually stabilized. Steven Pearlstein wonders if the credit bubble is finally popping. Middle East Is Saudi Arabia funding Sunni working to undermine the government of PM Nuri al-Maliki? Anonymous U.S. officials ...
MARIO TAMA/Getty Images
Markets
After yesterday’s big Wall Street sell-off, Asian investors shed shares of companies with extensive U.S. business, but volatile European markets eventually stabilized. Steven Pearlstein wonders if the credit bubble is finally popping.
Middle East
Is Saudi Arabia funding Sunni working to undermine the government of PM Nuri al-Maliki? Anonymous U.S. officials all but say as much to the New York Times ahead of next week’s Middle East trip by Condoleezza Rice and Robert Gates.
In a letter to Sen. Hillary Clinton, U.S. Defense Secretary Robert Gates says that the Pentagon is working on contingency plans for a reduction of U.S. troops in Iraq, where even Baghdad’s safest neighborhoods aren’t safe anymore.
Iraqi refugees are turning to people-smuggling gangs, Interpol reports.
Europe
Former French PM Dominque de Villepin is being preliminarily charged with plotting a smear campaign against President Nicolas Sarkozy.
Migrant children in Spain’s Canary Islands face squalor and abuse, Human Rights Watch reports.
A hugely popular Gordon Brown, Britain’s prime minister, might be tempted to call snap elections.
Asia
It’s been a bad few months for China’s propaganda bureaucrats.
Good question: What will happen to North Korea’s nuclear scientists?
Thought the Red Mosque siege was over? Think again.
Don’t mess with Hu Jintao.
Elsewhere
Raúl Castro intends to open Cuba’s statist economy to foreign investors. But his brother’s looming presence will make reform difficult.
The United Nations accuses Eritrea of arming insurgents in Somalia.
Today’s Agenda
- The U.S. Commerce Department releases second-quarter GDP figures.
- French President Nicolas Sarkozy visits the Democratic Republic of the Congo.
- Hall of Fame Weekend kicks off in Cooperstown, NY. Baseball greats Cal Ripkin and Tony Gwynn will officially enter the Baseball Hall of Fame on Sunday.
Yesterday on Passport
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The Endless Frustration of Chinese Diplomacy
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The End of America’s Middle East
The region’s four major countries have all forfeited Washington’s trust.
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