The Dow plunged 634 points Monday, even as Obama sought to assure the markets that the still-gaping deficit represents a failure of politics, not of the nation's credit-worthiness.
Image 6/30: US first lady Michelle Obama (c.) hugs her daughters, Malia (2nd l.) and Sasha (r.), as they watch a folk dance by performers during their visit at the City Wall, in Xi'an, Shaanxi Province, March 24, 2014.
Israeli Defense Minister Ehud Barak discusses Netanyahu's US trip, Israel's need to make a bold peace proposal, and whether Israel can work with the newly unified Palestinian Authority.
The Geneva Accord – a joint effort by Israelis and Palestinians – details what a credible, negotiated peace agreement could look like. It addresses all the major issues, including security arrangements, the status of Jerusalem, access to holy places, borders, settlements, and refugees.
Pro-democracy warriors in Middle Eastern countries such as Libya, Egypt, and Tunisia push through barriers of fear only to find a constellation of needs, demands, and problems on the other side.
The new Egypt is likely to emerge as more independent, diverging from US wishes in certain areas – such as reaching out to Iran. But the allies still have long-term common interests.
In 1187, Jerusalem was engulfed by an angry, surging Muslim sea. Today, revolution in the Arab world – particularly in Egypt – is making Israel anxious.
Unlike his iconic predecessors Anwar Sadat and Gamal Abdel Nasser, who left clear imprints on Egypt, Hosni Mubarak will probably be remembered more for unfulfilled expectations.