Tag Archives: arms control

Five Stories You Might Have Missed

It’s been another busy week for President Barack Obama, who started the week laying the foundation for a new arms control agreement with Russian President Dmitry Medvedev, then moved on to discuss a range of issues including food security and climate change at the G8 summit in Italy, before concluding the week with a visit to Ghana, where he delivered a speech calling for more effective and accountable leadership in Africa.

In other news from the previous week:

1. In a surprising move, Russian President Dmitry Medvedev announced on Friday that Russia was still interested in securing membership in the World Trade Organization. In doing so, President Medvedev reversed Prime Minister Vladimir Putin’s June announcement that Russia was ending its bid to secure WTO membership, moving forward instead with a customs union incorporating several of the former Soviet republics. While Medvedev’s spokesperson sought to minimize the differences between Medvedev and Putin’s approaches the policy reversal nevertheless represents the most dramatic policy clash between Russia’s two top political leaders. The uncertainty surrounding Russia’s position on WTO membership further complicates ongoing talks between Russia and its trade partners.

2. A series of denial-of-service attacks against the United States and South Korea on Wednesday were likely the result of a North Korean cyber attack. In a denial-of-service attack, thousands of simultaneous electronic information requests are made, causing computer servers to crash. Wednesday’s attacks were directed against South Korean and U.S. financial sector and government computers, including Department of Defense and FBI networks. The attacks followed a series of increasingly aggressive missile test launches by North Korea, including several launched over the July 4th weekend, and highlighted the vulnerability of U.S. computer networks to relatively simple cyber attacks. Many analysts believe this sort of denial-of-service attack—in an effort to inhibit communications—would precede a North Korean military attacks against the South.

3. Israel’s National Security Advisor, Uzi Arad, considered by many to be Prime Minister Benjamin Netanyahu’s closed political advisor, announced that Israel would not return the Golan Heights to Syria as part of any peace deal. The two countries are currently engaged in indirect talks aimed at reaching a “comprehensive peace.” But the status of the Golan Heights remains disputed, as both countries seek control of the region, which is of strategic importance, as well as being a major source of water and a popular tourist destination in the water-scarce region. Israel seized the Golan Heights in 1967, after the Syrian army used the strategic position to shell Israeli positions in the Hula Valley below. The status of the Golan Heights, along with the status of Israeli settlements in the West Bank, remains the major stumbling blocks for a comprehensive peace between Israel and its neighbors.

4. Talks intended to resolve the political crisis in Honduras began in Costa Rica on Thursday. The crisis began two weeks ago, when President Manuel Zelaya was removed from office and put on a military transport out of the country. Roberto Micheletti has been named interim president, but his government is not recognized by the international community. The Organization of American States has taken the lead on addressing the standoff, sponsoring talks to peacefully resolve the standoff. But so far, both sides are unwilling to compromise on the central question: who should rule in Honduras?

5. The United States and the European Union appear to be on a collision course with respect to new financial regulations intended to prevent another global financial crisis like the one that ripped through markets late last year. The U.S. Congress is currently considering a new regulatory system that would impose stricter regulation on derivatives, including bans on some of the riskiest financial instruments. But many are concerned that stricter regulations in the United States would encourage regulatory arbitrage, where financial companies would simply relocate to jurisdictions with weaker regulatory systems.

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Five Stories You Might Have Missed

Poor economic news continues to flow out of most of the world. In the United States, new jobless figures released last week show unemployment up to 8.1 percent, the highest rate in 25 years. Malaysian exports have collapsed, placing pressure on the government to find a solution to the ongoing crisis. And the banking sector in South Africa, Canada, and Mexico (among others) continues to face problems, and the International Monetary Fund is urging greater coordination to address the crisis. 

But the Chinese government is asserting that things are improving there already, forecasting 8 percent growth this year and denying the economy is in a downturn. If they’re correct, perhaps we’re starting to see the beginning of the end of the global economic crisis. I, however, remain cautious.

Here’s important five stories from the previous week:

1. Hillary Clinton continued her charm offensive in Europe last week. After shifting to a more diplomatic strategy with Syria, the new Obama administration has announced its intention to conclude a new arms control agreement with Russia by the end of the year. The effort to improve diplomatic relations with both Syria and Russia are seen as part of a wider effort by the Obama administration to distance itself from the hardline policies of the previous president.

2. A suicide bomb attack against Baghdad’s main police academy killed 28 people on Sunday. Although the number of attacks has declined since the height of the sectarian violence in 2003, the attack nevertheless illustrates the challenges that Iraq continues to face.  On Thursday, a car bomb attack in Babil province—a region that has enjoyed relative peace for months—killed 12 people and injured 40. 

3.  Palestinian Prime Minister Salam Fayyad on Saturday announced his intention to resign. Fayyad was appointed by Palestinian President Mahmoud Abbas after Hamas took control of Gaza in 2007. But Fayyad was a controversial figure, and Hamas regularly criticized Fayyad for being too closely aligned with the United States and Israel. Fayyad’s resignation is seen as an important step towards the development of a unity government for Palestine, which itself is viewed as an important first step in the Middle East peace process.

4. The Good Friday peace accord in Northern Ireland faces its most serious challenge since it was signed in 1998, after two British soldiers were killed Saturday night in an attack by Irish nationalist groups opposed to the agreement. Though no group has yet claimed responsibility, several groups, including the Real IRA, the Continuity IRA, and the Irish National Liberation Army, oppose Sinn Fein’s effort to develop a powersharing agreement and peace deal for Northern Ireland.

5. Last week, President Hugo Chávez stepped up his effort to nationalize foreign agricultural producers in Venezuela. After last month’s referendum, which granted Chávez the right to remain in office indefinitely, Chávez announced his intention to move forward with the nationalization of key industries, including oil, steel, and cement. Chávez accuses foreign agricultural producers of exacerbating the country’s economic problems.

And in a bonus story for this week:

6. Zimbabwe’s Prime Minister Morgan Tsvangirai was injured in a car accident on Saturday, and Susan Tsvangirai, his wife of 31 years, was killed. According to witnesses, a truck swerved from the oncoming lane and struck his car, the middle in a convoy of three cars, head on. Some within Tsvangirai’s Movement for Democratic Change have accused Zimbabwe’s President, Robert Mugabe, of masterminding the attack in an effort to eliminate his political rival. Although Tsvangirai has since said he did not believe the accident was part of a broader plot by Mugabe to eliminate him, Tsvangirai did accept an offer from Botswana’s President to recouperate across the border, fueling speculation about the nature of the accident. Zimbabwe’s national unity government remains an unstable coalition of rival groups, and the government has been unable to effectively address the ongoing economic crisis there.