Morning Brief, Friday, August 3

Middle East HASSAN AMMAR/AFP/Getty Images Speaking of Iraq, U.S. Secretary of Defense Robert M. Gates admitted that “the developments on the political side are somewhat discouraging at the national level.” The secretive ways of Iraqi PM Nuri al-Maliki may be part of the problem. U.S. President George W. Bush pointedly warned “those who have contributed ...

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600178_070803_gates_05.jpg

Middle East

Middle East

HASSAN AMMAR/AFP/Getty Images

Speaking of Iraq, U.S. Secretary of Defense Robert M. Gates admitted that “the developments on the political side are somewhat discouraging at the national level.” The secretive ways of Iraqi PM Nuri al-Maliki may be part of the problem.

U.S. President George W. Bush pointedly warned “those who have contributed to the breakdown of the rule of law in Lebanon” (read: Syria and Hezbollah) not to interfere in Lebanese affairs.

U.S. Secretary of State Condoleezza Rice saw “some polite nibbles, but not yet the big bite” on an upcoming Middle East peace conference, notes Robin Wright of the Washington Post.

Asia

Pakistan warns that the now-finalized nuclear cooperation agreement between the United States and India could spark a nuclear arms race in south Asia.

China’s commerce minister claims that “over 99 per cent of China’s export products are good and safe.”

China’s big new dam works great, Edward Cody reports for the Washington Post

Europe

French president Nicolas Sarkozy: not bold enough

Belarus is turning to Hugo Chávez for help with its bills for Russian gas.

One of the two suspects who participated in a failed SUV attack on the Glasgow airport died of massive burns.

Elsewhere

For at least several months, private equity companies could find it harder to finance deals as a result of the U.S. subprime fiasco. But the International Monetary Fund is sticking by its “very favorable” outlook on the global economy. Meanwhile, U.S. Energy Secretary Samuel Bodman warns that high oil prices have the U.S. economy in the “danger zone”.

Democrats in the U.S. House of Representatives are giving up on increasing fuel-economy standards, at least for now. 

Argentina’s first lady and top presidential candidate says she’s not like Hillary Clinton.

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