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Chuck Hagel’s resignation is the end of Obama’s fantasy foreign policy

The BriefYour world right now

2 hours ago

Missouri is on tenterhooks.

  A grand jury is due to announce at 8pm local time (9pm US Eastern time) whether to indict the policeman who shot dead a black teenager in Ferguson in the summer, sparking weeks of protests and a national debate about race in the US. Local schools are closing on Tuesday just in case.
7 hours ago

Cheap oil and Western sanctions are costing Russia $140 billion a year.

  The country’s finance minister says the annual hit from sanctions is $40 billion a year, and the collapse of oil prices is contributing another $100 billion. Russia and Venezuela are planning to talk tomorrow—before OPEC’s Thursday meeting—to discuss reducing their oil output.
November 24, 2014

Europe will vote on whether or not to break up Google on Thursday.

  Even if they decide to go through with it, the European Commission has no authority to force Google to comply. Joaquin Almunia, the former EU competition commissioner, spent four years investigating Google at the request of Microsoft.
November 24, 2014

Another Chinese rate cut may be in the works.

  Reuters is reporting China’s central bank could slash interest rates again, citing “sources involved in policy-making.” The bank unexpectedly cut rates for the first time in two years last week, which some see as a sign of panic at a slowing economy.
November 24, 2014
Chart of the Moment

Putin says he’ll stay in power for another 10 years

November 24, 2014

Tesla is talking to its direct competitor to develop a new battery.

  CEO Elon Musk says he is in negotiations with BMW to possibly collaborate on battery technology and light-weight carbon-fiber body parts. This is while Tesla seeks a piece of the market held by BMW’s successful entry-level Series 3.
November 24, 2014

Talks over Iran’s nuclear program have been extended.

  A deal was supposed to be reached today, but that didn’t happen, as Obama’s former advisor to Iran predicted. According to the British foreign secretary, Iran and Western powers will now have an additional seven months to hammer out the details.
November 24, 2014

A 1,300-year-old book of spells has yielded “cures” and curiosities.

  Researchers have translated a 20-page Egyptian codex, written in Coptic, that offers advice on—among other things—how to make someone love you, how to exorcise a demon, and how to cure diseases. It also contains evidence of extinct religions.

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