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Coca-Cola advertisements have gone up in tea shops around the former Myanmar...
Coca-Cola is returning to Myanmar after 60 years. They'd been kept out of the country by international sanctions. This week they officially opened their new plant outside of Yangon.
There's significance behind the choice of California as the venue for the U.S.-China summit between presidents Barack Obama and Xi Jinping. The state is home to more than a third of the China-born population in the U.S., and Chinese-backed investment groups have been pouring billions of dollars into real estate property and private companies based in California. At the same time, exports of California goods to China are surging, and state leaders are bullish about capitalizing on new markets there.
Another credit agency is downgrading Illinois after its lawmakers ended their session without addressing the state's $100 billion pension liability crisis. Now, Gov. Pat Quinn is calling the General Assembly back into session.
News reports have been revealing massive data mining by the National Security Agency of American Internet and social media companies, including Microsoft, Apple, Facebook and Google. It was also reported that the agency is collecting Verizon phone records of millions of U.S. citizens. For more, Renee Montagne talks to Glenn Greenwald, the reporter who co-wrote the stories for the British newspaper The Guardian.
The Pentagon recently released a report directly accusing China of using cyberweapons to gain a military advantage with the U.S. The scope of the problem and the damage done by cyber espionage is not clear. But the issue will be on the agenda when President Obama meets China's new president Xi Jinping in California on Friday.
Senator John McCain, just back from a quick foray to rebel-held territory in Syria, is pushing the Obama administration to do more to help rebels topple Bashar Assad's regime. His call comes as rebels lose ground in their fight, and as skepticism rises about the U.S.-Russian plans for a peace conference.