Friday's global agenda: Egypt's incomplete revolution

Your morning global affairs speed-read

All eyes are on Egypt this weekend as the Muslim Brotherhood and the old regime face off in the presidential runoff. After high hopes following former President Hosni Mubarak's ouster last year, the world's most populous Arab country is seeing a retreat from the ideals of the pro-democracy activists who first took to the streets for change. 

In the latest blow, Mubarak appointees on the Supreme Constitutional Court on Thursday dissolved the first popularly elected parliament in six decades, inflaming the ire of both the Islamists who won a majority in January and the liberals who made it possible. The Muslim Brotherhood vowed that parliament would meet anyway. [The New York Times]

Safe haven: At 9 a.m. Friday morning, the Treasury Department releases the Treasury International Capital (TIC) report that lists foreign investment flows in and out of the United States for the month of April.

 The report comes as foreigners — particularly Europeans — are stepping up investment in the United States after retreating during the depths of the financial crisis. [The Wall Street Journal]

War by contractor: The Washington Post publishes Part 2 of its series on U.S. spying in Africa.

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