North Korea Launches Missiles Amid Stalled Nuclear Talks With US

North Korea Launches Missiles Amid Stalled Nuclear Talks With US

North Korea launched two unidentified projectiles on Thursday, in what could be the latest sign that a nuclear disarmament deal with the US might be unattainable unless President Trump offers fresh concessions, reported Reuters

  • 28-Nov-2019 03:07:57 AM – NORTH KOREA HAS LAUNCHED WHAT APPEARS TO BE A MISSILE — JAPAN COAST GUARD
  • 28-Nov-2019 03:24:02 AM – APPARENT MISSILE APPEARS NOT TO HAVE LANDED IN JAPAN’S EXCLUSIVE ECONOMIC ZONE — JAPAN DEFENCE MINISTRY
  • 28-Nov-2019 03:25:39 AM – JAPAN’S DEFENCE MINISTRY SAYS N.KOREA MISSLE LAUNCHES TO DATE ARE A SERIOUS ISSUE FOR JAPAN, INTERNATIONAL SOCIETY

South Korea’s Joint Chiefs of Staff said both missiles were launched Thursday from North Korea’s east coast. 

Japan’s Defense Ministry said, “what appears to be a ballistic missile” fired by North Korea landed outside of its territorial waters.

Prime Minister Shinzo Abe told reporters that the missiles didn’t enter Japan’s airspace or “exclusive economic zone” at sea.

The defense ministry didn’t have any further information on the missile launch. 

The incident follows a series of short-range missile tests by North Korea in late October, which landed near Japan.

The latest missile test comes as nuclear negotiations with the US have likely broken down. 

North Korean leader Kim Jong-un has told President Trump that he has until the end of the year to offer new concessions, such as removing economic sanctions, to salvage nuclear talks. 

Trump has said those concessions will only come when North Korea completely abandons its nuclear weapons, a move that would be political suicide for Pyongyang. 

The missile test also comes hours after  Trump signed the Hong Kong Bill of Rights and Democracy into law. This move has infuriated China, as it appears the US is set to intervene in Hong Kong affairs. It should be noted that North Korea and China are highly interconnected politically and economically. 


Tyler Durden

Thu, 11/28/2019 – 05:45

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Watch: Students Say It’s Not Okay To Celebrate Thanksgiving

Watch: Students Say It’s Not Okay To Celebrate Thanksgiving

Authored by Kyle Hooten via The College Fix,

‘Based off of the genocide of indigenous people’ 

As Thanksgiving Day dawns, The College Fix visited Macalester College in Minnesota to ask students if it’s acceptable to celebrate the holiday.

Most of the students said no, and several gave a qualified yes, that being it’s okay to celebrate Thanksgiving as long as one keeps in mind the oppression it represents or that it’s more about spending time with family than honoring the past.

For those who said no, they mainly focused on themes such as oppression and colonization.

“I think that Thanksgiving has been misconstrued a lot, especially in textbooks,” one student told The College Fix.

“It’s kind of just based off of the genocide of indigenous people and I don’t really think that we actually give thanks on Thanksgiving, we just eat a bunch of food and it’s just a bunch of capitalist bullshit.”

A few students took this a step further, explaining how they believe most American holidays are rooted in oppression.

“What do Americans do except for celebrate unethical holidays,” one student said. Another student interviewed outside the campus chapel said that no holidays with religious connotations should be observed.

After spending several hours speaking with students, The College Fix found only a handful who unabashedly supported Thanksgiving.

Watch the video:


Tyler Durden

Thu, 11/28/2019 – 05:00

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Brickbat: Video Game Violence

An internal investigation found that Gwinnett County, Georgia, police officer Todd Ramsey had a YouTube video playing on his patrol car computer monitor when he rear-ended an SUV at nearly 70 mph. The accident left the driver of the SUV in a coma for four weeks. Ramsey was cited for following too closely and demoted. An Atlanta TV station reports this was the eighth traffic accident Ramsey has been involved with where he was found to be at fault. Ramsey had a Grand Theft Auto gameplay video playing at the time of the accident.

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British Money Printer In Dire Straits, Cancels Dividend As Its Debt Soars

British Money Printer In Dire Straits, Cancels Dividend As Its Debt Soars

With all due respect to MMT – i.e., none – recent events (Venezuela, Argentina) have shown that countries printing their own money can and usually will eventually print their way into monetary oblivion and hyperinflation. It now appears that money printing companies are also not immune from the vagaries of Finance 101.

Take embattled UK banknote printer De La Rue, whose new management led by CEO Clive Vacher, warned the company’s £171 million debt pile – up a whopping £63 million – meant it could breach its banking covenants if trade continues to worsen, costs are not slashed and the business fails to get paid on time. As a result, as part of its latest quarterly results in which the company with the ironic ticker DLAR reported a 15% drop in revenue and a £12 million loss, the new CEO announced plans for a “radical review” and scrapped the company’s £26m dividend to give the business breathing space, sending its stock tumbling by as much as 25% earlier today, and wiping nearly 70% of the company’s value in 2019. The company is now valued at just £140 million, less than its money-printer’s total debt.

According to the Telegraph, Vacher said De La Rue has gone through an “unprecedented period of change” in which the chairman, chief executive, senior independent director and most of the executive team have left or resigned.

The chief executive denied the announcement was a “kitchen sinking” – throwing out all the bad news and blaming previous management, and said: “These results are the first step in the healing process of showing where we stand. We have a laser-like focus on immediate actions to get the business back on track. This is not a last-minute scramble, we have a long-term plan.”

And while the message from management was clear – the company is facing a grim future if underlying business trends do not reverse, the company’s battered shareholders refuse to give up hope: Richard Bernstein, fund manager at Crystal Amber which has a 7% stake in De La Rue, said: “At this price De La Rue is very cheap. I’m certain bidders are looking at it.”

Sure they are, although they may well be looking for the company to first file and then scoop it out of bankruptcy court for pennies on the dollar.

The activist investor added that De La Rue’s profitable product authentication arm which does security printing to identify genuine products is likely to be the main target for a bidder. “Product authentication is worth several times more than De La Rue’s market value on its own,” Bernstein said, but added he would be unlikely to sell unless it was a “knock-out” price.

It got better: apparently encouraged by the side-effects of much more money printing elsewhere, if not at De La Rue, Bernstein said “I’m bizarrely encouraged by today’s announcement,” adding that “new management have come in, identified the problem and are taking steps to deal with it – I just wish it had happened sooner.”

Vacher – who has run turnarounds at companies including Rolls-Royce and Pratt & Whitney in the past – said he had “no plans to sell any part of the business.”

However, he added: “As a public company we are up for sale all the time but I have had no more detailed approach than the odd email – there have been no serious offers.”

Meanwhile, the findings of CEO Vacher’s review which aims to get the loss-making banknote printing unit back in the black are due by March. He refused to rule out the possibility of job cuts, saying all options are open. A fundraising is also not being ruled out.

As the Telegraph reminds us, De La Rue’s latest troubles come after a “torrid year for the company during which the Serious Fraud Office opened an investigation into the business – which is still ongoing – following allegations of suspected corruption in related to currency printing contract in Africa.”

Ironically, the business also took a £18 million hit due to uncollected sales from its top client, Venezuela, which has been on a literal money-printing spree in recent years, after US sanctions came into force and it lost the contract to print British passports late last year, resulting in a very public row with the Government.


Tyler Durden

Thu, 11/28/2019 – 04:15

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Brickbat: Video Game Violence

An internal investigation found that Gwinnett County, Georgia, police officer Todd Ramsey had a YouTube video playing on his patrol car computer monitor when he rear-ended an SUV at nearly 70 mph. The accident left the driver of the SUV in a coma for four weeks. Ramsey was cited for following too closely and demoted. An Atlanta TV station reports this was the eighth traffic accident Ramsey has been involved with where he was found to be at fault. Ramsey had a Grand Theft Auto gameplay video playing at the time of the accident.

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French Farmers Descend On Paris In Fresh Revolt Against Globalist Regulations

French Farmers Descend On Paris In Fresh Revolt Against Globalist Regulations

Authored by Paul Joseph Watson via Summit News,

Around a thousand French farmers in tractors have descended on Paris in a fresh revolt against globalist government policies they say are ruining their standard of living.

The farmers assembled on the Avenue Foch, near the Champs Elysees and the Arc de Triomphe to decry regulations which they assert are devastating the agricultural sector.

Their main concern centers around “agri-bashing” by the media and politicians, where farmers are being blamed for environmental issues and pressured to amend their behavior in the name of preventing climate change.

The farmers are furious at how this is legitimizing attacks by vegan activists on butchers and calls to ban the weedkiller glyphosate, which President Emmanuel Macron wants to outlaw by 2021.

They also fear that EU trade deals with Canada and the Mercosur bloc in South America will flood the market with cheaper goods at lower standards.

The two main farmers’ unions have demanded a private meeting with Macron to discuss his policies.

This is just one of numerous anti-globalist revolts taking place across Europe.

Earlier this month, German farmers blocked roads in Hamburg with their tractors to protest against environment regulations.

Last month, thousands of Dutch farmers also descended on Amsterdam to protest against a government proposal that livestock production be slashed by up to 50% in the name of preventing global warming.

The Yellow Vest movement in France, which just marked its first anniversary, also began as a backlash against onerous gas tax hikes and other regulations impacting rural workers.

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Tyler Durden

Thu, 11/28/2019 – 03:30

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Violence Against Women Continues To Rise In Germany

Violence Against Women Continues To Rise In Germany

Murder, manslaughter and physical injury, rape, stalking, deprivation of liberty and forced prostitution are all examples of domestic violence, of which women are particularly affected, and, as Statista’s Martin Armstrong points out, in the past year, cases of domestic violence against women have increased in Germany again.

According to a recent study by the Federal Criminal Police Office (BKA), presented today by German family minister Franziska Giffey, 81 per cent of victims of domestic partnership violence in Germany in 2018 were women. Giffey said the figures were shocking:

“They show that far too many women continue to suffer violence from their partner or ex-partner. More than once per hour in 2018, a woman in a relationship was dangerously injured.

Infographic: Violence against women continues to rise in Germany | Statista

You will find more infographics at Statista

According to the BKA, 122 women were killed by their partners or ex-partners in 2018, slightly less than in the previous year. Overall, however, the number of acts of violence committed by a partner has increased – from 113,965 in 2017 to 114,393 female victims in 2018. In addition, there were 26,000 men who were threatened, coerced or injured by their partner or ex-partner.

 


Tyler Durden

Thu, 11/28/2019 – 02:45

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