G20 Leaves Work to Be Done; Iraq’s Government Agreement Faces Obstacles
Representatives of the world’s largest economies who gathered in Seoul faced a series of tough issues, many of which could not be resolved in the span of the two-day summit. Most pressing are trade and currency imbalances and the steps member nations need to take to correct them.
On Thursday, President Obama met with Chinese President Hu Jintao to discuss persistent concerns over China devaluing its currency to give its products a competitive advantage in the market.
Iraq Power-sharing Agreement Hangs in the Balance
One day after announcing a new deal for a coalition government, politicians in Iraq are in talks to keep the agreement afloat after a walkout by Sunni lawmakers Thursday.
President Obama has praised the deal but acknowledged that there “are still challenges to overcome.” Prime Minister Nouri al-Maliki will retain his post, but must solicit the cooperation of his main rival, Ayad Allawi.
Myanmar’s Generals May Release Aung San Suu Kyi
There have been reports that the ruling junta, which has kept the Nobel laureate and revered opposition figure on house arrest for much of the past two decades, has signed an order for her release. Supporters gathered near her home, however, have not yet seen her, raising doubts about whether a possible release would come today.
This week, Suu Kyi’s lawyer told the BBC that she would “not accept a limited release” that barred her from political activity. She is expected to challenge the results of Sunday’s election, in which the military party claimed victory.
Newsweek Magazine Merges with The Daily Beast
The struggling weekly news magazine, which has seen a decline in subscribers and revenue in recent years, will join with the Daily Beast website in move to re-energize Newsweek’s online presence. While the print edition of the magazine will still be published weekly, the websites will merge under the leadership of Daily Beast editor Tina Brown.