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June 26, 2009
EXECUTIVE SUMMARY
- Japan price data prompts concern; U.S. banks fear regulation will hurt profits.
- U.S. responds to Ahmadinejad'
- Latest in a string of Iraq bombings kills 15 in Baghdad market.
- Kashmir blast as senior U.S. official tours Pakistan, India.
Top of the Agenda: Economic Questions
Japan today announced the steepest year-on-year decline in consumer prices since the country started keeping records, signaling the country may face a new bout of economically destructive deflation. The country's main index for inflation dropped 1.1 percent in the year through May (LAT). http://m1e.net/
Meanwhile, the Wall Street Journal reports U.S. banks are worrying that President Obama's financial regulation plan will further dampen their already flagging profits. http://m1e.net/
Bloomberg reports China's central bank's call for the creation of a "super-sovereign" currency has caused the U.S. dollar to plummet. http://m1e.net/
MIDEAST: U.S. Responds to Ahmadinejad
The White House responded to criticisms from Iran's President Mahmoud Ahmadinejad, saying he is trying to use Washington as a scapegoat for Iran's post-election unrest (BBC). http://m1e.net/
The Washington Post reports Iran's political turmoil has prompted "soul-searching" across the Middle East region. http://m1e.net/
CFR's Isobel Coleman discusses the role women have played in Iran's demonstrations. http://m1e.net/
IRAQ: The latest in a series of deadly bomb blasts in Iraq over the past few days killed at least fifteen people in a Baghdad market (al-Jazeera)
PACIFIC RIM: S. Korea-N. Korea
Seoul announced it will begin an effort to ramp up its anti-missile defense capabilities through a long-term military reform plan (Yonhap). http://m1e.net/
In a new podcast, CFR's Kara McDonald says the UN Security Council must be prepared to levy stiffer sanctions against Pyongyang. http://m1e.net/
S.KOREA: Police in South Korea raided a factory owned by a beleaguered South Korean automaker to disband unruly worker protests that had broken out over a layoff plan the company had announced (Yonhap). http://m1e.net/
SOUTH & CENTRAL ASIA: Kashmir Blast
Two Pakistani troops were killed in a suicide attack in the Pakistani-administe
U.S.-INDIA: President Obama's National Security adviser, Gen. James Jones, is meeting with Indian leaders today on security issues as the final stage of a regional tour that included visits to Pakistan and Afghanistan (BBC). http://m1e.net/
AFRICA: Nigeria Amnesty Deal
The Financial Times examines Nigerian President Umaru Yar'Adua's new plan to offer amnesty to militants in the volatile and oil-rich Niger Delta region, which Yar'Adua hopes will convince militant leaders to return to civilian life. http://m1e.net/
The BBC reports a recent attack might mar the amnesty discussions. http://m1e.net/
ZIMBABWE: Also from the FT, reports of human rights abuses at a diamond field in Zimbabwe. http://m1e.net/
AMERICAS: U.S.-Venezuela Ties
Washington and Caracas have resumed full diplomatic ties, a move the Los Angeles Times says represents President Obama's desire for better relations with Latin America and Venezuelan President Hugo Chavez's need to improve his image. http://m1e.net/
CLIMATE: House Democratic leaders are scrambling to find enough votes to pass their climate bill, ahead of the expected floor vote Friday. http://m1e.net/
EUROPE: Russia Considers Bailout
The Financial Times reports Russia is considering new bank bailout measures that would go further than the steps taken thus far in the United States. http://m1e.net/
TURKEY-EU: Turkey's Prime Minister Recep Tayyip Erdogan is in Brussels for talks on reviving Turkey's stalled effort to gain entry to the European Union (France24). http://m1e.net/
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