A Tale of Three Meetings

Moon-Kim: As I write, South Korea’s Moon Jae-in and North Korea’s Kim Jong-un are sitting exactly 2,018 millimeters apart (in honor of this 2018 summit) in a “Peace House” inside the demilitarized zone (DMZ). It’s the first meeting between leaders of the two Koreas since 2007.


This is must-watch TV, but on substance, don’t expect the dawning of a new day. Maybe Moon and Kim will reopen the Kaesong Industrial Complex, a project that employs tens of thousands of North Korean workers at South Korean-owned factories. Maybe they’ll allow reunions for some of the 60,000 family members separated by the Korean War. These things matter for people’s lives, even if they don’t shift the international status quo. They have produced a “peace agreement,” though not one that moves US troops, the DMZ, or its landmines. And the word “denuclearization” won’t mean much until Kim defines it for Trump and makes clear what he expects in return.

Beyond symbolism, the meeting’s greatest importance is as prelude to the much-anticipated meeting Kim hopes to have with President Trump in May or June. For today, we can enjoy the pageantry as the North and South Korean leaders plant a commemorative pine tree.

Trump-Merkel: After President Trump’s back-patting, high-fiving boys club meeting with Emmanuel Macron, the French president left Washington with little more than Shinzo Abe won from Trump the week before. Like Moon and Kim, Macron and Trump planted a tree together, but Macron got no pledge to spare the Iran deal, no reversal on the Paris climate accord, and no long-term US commitment in Syria.

What hope then for Germany’s Angela Merkel, who meets with Trump today? She won’t play golf with Trump, as Abe did, or hold hands with him, as Macron did. She won’t have more success than Macron in changing Trump’s mind on Iran or persuade him to offer Europe a permanent waiver on steel tariffs. (Trump might extend the waiver beyond its current expiration date of May 1, but “permanent” is more than he’s likely to give.) He’ll talk tough on trade deficits, she’ll look bored, both will wave, and the curtain will fall. Europe’s two heaviest hitters will have taken their turns at bat this week. Like Japan’s Abe, they will have little to show for it.

Modi-Xi: A much more interesting conversation is taking place today and tomorrow in Wuhan, China, where India’s Prime Minister Narendra Modi meets with China’s President Xi Jinping. Talks between Modi and Xi are intended to manage tensions rather than break new ground, but given the stakes between these Asian powers, any progress would be significant.

They’ll discuss how best to avoid a repeat of last summer’s 73-day border faceoff that inspired Indian and Chinese troops to (literally) throw rocks at one another. They’ll talk about China’s Belt and Road investment plan, its expanding ties with Pakistan, its growing presence in the Indian Ocean, and India’s concerns about all these things.

The most promising aspect of this meeting is that it centers on informal private conversations between Xi and Modi. Asia’s two most important leaders won’t plant a tree together, but they might build a new level of personal trust.

In 2012, the United States created the Deferred Action for Childhood Arrivals (DACA) program to protect these young people from being deported. Yet just five years later, the program was rescinded, putting close to 700,000 DACA recipients at risk of being banished from the only home they've ever known. More than five dozen of these DACA recipients at risk are Microsoft employees. These young people contribute to the company and serve its customers. They help create products, secure services, and manage finances. And like so many young people across our nation, they dream of making an honest living and a real difference in the communities in which they reside. Yet they now live in uncertainty.

Microsoft has told its Dreamers that it will stand up for them along with all the nation's DACA recipients. It will represent them in court and litigate on their behalf. That's why Microsoft joined Princeton University and Princeton student Maria De La Cruz Perales Sanchez to file one of the three cases challenging the DACA rescission that was heard on Nov. 12 by the United States Supreme Court.

Read more on Microsoft On The Issues.

What do people think is driving the stock market's recent record high gains?


Well, there's really no precise answer, but analysts point to several factors. So, number one is strong third quarter earnings. Companies have reported stronger than expected results so far this season. The second is the jobs market. You saw the October jobs numbers exceed economists' expectations. And the third is the Federal Reserve cutting interest rates three times this year. That lowers borrowing costs for consumers and businesses and encourages them to spend more.

More Show less

In the predawn hours of Tuesday morning, Israel launched a precision attack in the Gaza Strip, targeting and killing a Palestinian Islamic Jihad (PIJ) commander. In response, the terror group fired more than 220 rockets at southern Israel. Exchanges of fire have brought cities on both sides of the Gaza border to a standstill and at least 19 Palestinians are dead and dozens of Israelis wounded. With this latest escalation, Israel now faces national security crises on multiple fronts. Here's what's going on:

More Show less