Number of new jobs in the US smashes expectations with 379,000 roles added

first_img The closely watched employment report also offered a reminder that as the US enters the second year of the Cobid-19 pandemic the recovery remains excruciatingly slow, with millions of Americans experiencing long spells of joblessness and permanent unemployment. However, Seema Shah, chief strategist at Principal Global Investors said the strnger jobs number could help settle nerves on equity markets about a strengthening economy. whatsapp A factory worker makes surgical masks out of spunbond polypropylene fabric using an impulse welder at Polar Shades Sun Control to help Las Vegas-area health care workers. (Photo by Ethan Miller/Getty Images) A factory worker makes surgical masks out of spunbond polypropylene fabric using an impulse welder at Polar Shades Sun Control to help Las Vegas-area health care workers. (Photo by Ethan Miller/Getty Images) Also Read: Number of new jobs in the US smashes expectations with 379,000 roles added in February Though the unemployment rate fell, it continues to be understated by people misclassifying themselves as being “employed but absent from work.” Share The surge in new starters in February puts the US unemployment rate down 0.1 percentage points to 6.2 per cent. US non-farm payrolls beat expectations today, with the US economy adding 379,000 new jobs in February. However, the US is still 9m job roles short of its level before the Covid-19 pandemic. Josh Martin A factory worker makes surgical masks out of spunbond polypropylene fabric using an impulse welder at Polar Shades Sun Control to help Las Vegas-area health care workers. (Photo by Ethan Miller/Getty Images) Also Read: Number of new jobs in the US smashes expectations with 379,000 roles added in February center_img The labour market has been slow to respond to the drop in daily coronavirus cases and hospitalizations, which helped fuel a boost in consumer spending in January that prompted economists to sharply upgrade their gross domestic product growth estimates for the first quarter. Show Comments ▼ “Strong earnings growth as the US economy reopens and the tremendous fiscal stimulus feeds through to consumers will start to validate those stretched valuations – provided the Fed can get a handle of tightening financial conditions”. whatsapp Number of new jobs in the US smashes expectations with 379,000 roles added in February More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Federal Reserve chair Jerome Powell yesterday offered an optimistic view of the labour market, but cautioned a return to full employment this year was “highly unlikely.” The US dollar jumped on the good news, up around 0.5 per cent again the British pound and euro. Analysts had only pencilled in an increase of 198,000 new jobs. Tags: employment and wages US markets Friday 5 March 2021 2:30 pmlast_img read more

Sports Direct brushes off England’s early World Cup exit but results show even Mike Ashley can’t predict the weather

first_img Jessica Morris Thursday 11 December 2014 4:27 am Sports Direct brushes off England’s early World Cup exit but results show even Mike Ashley can’t predict the weather Share whatsapp Tags: Company Mike Ashley People Sports Direct Intl whatsappcenter_img Sports Direct has brushed off England’s disappointing World Cup performance but it seems owner Mike Ashley is not immune to the unseasonal weather.The figuresGroup revenue rose 6.5 per cent to £1.4bn in the six months to 26 October. Underlying earnings before interest, taxes, depreciation, and amortisation rose 11pc to £203.1m, excluding charges related to the retailer’s employee bonus share scheme. The group also said pre-tax profit rose 4.6 per cent to £149.7m. The group’s shining star was its sports retail division which, supported by growing online sales, grew sales 8.3 per cent to £1.2bn in the six months to 26 October.However the overall figure was dragged down slightly by a disappointing performance in its others divisions. Premium lifestyle revenue dropped 2.8 per cent to £99.9m while brands division total revenue fell 3.9 per cent to £102.1m.Sports Direct employees will welcome confirmation that the group is on track to meet its targets, meaning they’re likely to get their bonuses. However they also showed that revenue growth slowed when compared with the same period last year. In the six months to 27 October 2013 Sports Direct’s group revenue rose 23.5 per cent.A good performance is also important for Sports Direct owner Mike Ashley, whose investments using company cash has raised shareholder eyebrows.In September Sports Direct entered into a put option agreement with Goldman Sachs on 23m shares in embattled retailer Tesco, which could leave it with a 0.28 per cent stake. By buying the right to sell shares at a certain price within a specified time period he essentially bet on Tesco’s share price rising.Earlier this year Sports Direct took a 4.6 per cent stake in department stores Debenhams. This was later converted into a put option and the stake increased to 6.6 per cent. Ashley subsequently increased this twice and it now stands at 12.7 per cent.What Sports Direct saidChief executive David Forsey said: The results for the six months were solid considering the adverse impact on performance during the period of England’s early departure from the Fifa World Cup in Brazil and the unseasonably mild weather during Autumn reducing footfall.Trading since the end of the period has been in line with management expectations and while we retain the ability to invest in margin, inventory, and group marketing to deliver long-term sustainable growth, we remain confident of achieving at least our full year internal underlying earnings before interest, taxes, depreciation, and amortisation target of £360m, before the charge for the employee bonus share schemes.In shortWhile the group says it defied bad weather and a disappointing World Cup performance to achieve good growth in the six months to 26 October, investor reaction has been muted with shares flat in mid-morning trade.At the same time, the group delivered a confident outlook, saying subsequent trading has been in line with expectations and it expects to meet its future earnings before interest, taxes, depreciation, and amortisation target of £360m. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminatorlast_img read more

Music streaming wars: Is Apple about to unveil a Spotify killer?

first_img Emma Haslett Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLivestlyThe Best Redhead Actresses, RankedLivestlyTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal PastNovelodgePierce Brosnan’s Wife Lost 120 Pounds – This Is Her NowNovelodge After months of conjecture, is Apple about to take the bull by the horns and launch a Spotify rival? The Wall Street Journal reported today that the company is poised to take on the music streaming giant. According to the WSJ, the technology giant is planning to go into direct competition with Spotify and Pandora, an internet radio startup, offering users a subscription for $10 (£6.50) a month, a similar price point to Spotify.  The company will announce its new service at a developers’ conference in next week – and although it will not offer access to its entire catalogue like Spotify does, it will build on its current internet radio service, as well as creating a streaming service. There were even hints it is willing to “cannibalise” its current iTunes download model to create a streaming business.Analysts have predicted such a move since Apple bought Dr Dre’s Beats brand for $3bn in May last year. Although the company was best known for its headphones, it also ran a subscription streaming service, although that had failed to compete with giants such as Spotify.  However, Jay Z has also launched his own attempt at rivaling Spotify, with Tidal, which offers two subscription levels – a standard $9.99 a month version, and “Tidal HiFi”, which for $19.99 offers “lossless high fidelity sound and quality”. Google’s YouTube is another contender for the streaming crown. In November last year it made a deal with right rights agency Merlin, which represents thousands of artists including Adele, Arctic Monkeys and Sigur Ros.  Show Comments ▼ Music streaming wars: Is Apple about to unveil a Spotify killer? Tags: Apple Spotify Monday 1 June 2015 4:27 pm whatsapp whatsapplast_img read more

Prime Minister under pressure over refugees as Europe’s migration crisis worsens

first_img whatsapp Prime Minister under pressure over refugees as Europe’s migration crisis worsens Express KCS Prime Minister David Cameron has said that the government will “do more” in response to Europe’s migration crisis, indicating that the UK could take thousands of refugees from Syria in the coming months.City A.M. understands that Downing Street officials are urgently looking at the current policies surrounding asylum-seekers, and that new plans could be announced as soon as today.Any changes will indicate a U-turn for the Prime Minister, who has maintained over the summer that Britain would not increase its share of asylum-seekers, despite the scenes of desperation in Budapest, Calais, and along the Mediterranean coast.Cameron was also pushed by German leader Angela Merkel, who expects to take in 800,000 asylum seekers in 2015 compared with the UK’s goal of 1,000.But Cameron came under increased domestic pressure yesterday amid public outcry over a photo showing drowned three-year-old Syrian refugee Aylan Kurdi, whose limp body had washed up on a Turkish beach.The Prime Minister said yesterday he was “deeply moved” by the picture, adding that the UK will “fulfill our moral responsibilities” in accepting asylum-seekers.Insisting that he “cares” about the migrants, Cameron said: “We are taking thousands of Syrian refugees, and we will continue to do that.”Cameron has faced sharp criticism from the Labour, Liberal Democrat and SNP leadership, as well as members of his own party, for not acting sooner on the issue.Acting Labour leader Harriet Harman pushed Cameron to increase the refugee quota, writing: “I strongly support the government’s continued aid for the refugee camps in the region and agree with you that we need much tougher action against people trafficking, but it is clear now that we also have a moral duty to act to take in more of these people.”Mayor of London Boris Johnson made a similar appeal, saying: “If people are really in need and are scared for their lives, we must receive them.” Show Comments ▼ Tags: EU migrant crisis Friday 4 September 2015 4:52 am Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child whatsapplast_img read more

First juror in Derek Chauvin trial speaks out: “It felt like every day was a funeral”

first_imgRELATEDTOPICS AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments MINNEAPOLIS, Minn. / CNN — The images from inside the courtroom still haunt Brandon Mitchell, juror 52 in the trial against Derek Chauvin in the death of George Floyd.The 31-year-old basketball coach is the first juror that deliberated in the trial to speak out about his experience. “It was just dark. It felt like every day was a funeral and watching someone die every day,” Mitchell said. “It was tense every day. I wasn’t nervous, but it was stressful. It was a lot of pressure.”Because of the high-profile status of the case and the “unprecedented” levels of emails that attorneys in the case have reported receiving that are “frequently incendiary, inflammatory, and threatening in nature,” Judge Peter Cahill ordered on Friday that the names of the jurors not be released for at least six months. Advertisement AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments 4 ex-Minneapolis cops indicted on civil rights charges in George Floyd’s death May 9, 2021 Advertisement Derek Chauvin’s attorney files motion for new trial alleging jury misconduct May 6, 2021 “Once Dr. Tobin was finished with his testimony, I felt like the trial was done. He spoke everything in laymen’s terms, and it made sense,” he said.When it came time to deliberate, Mitchell said that the hours were spent primarily arguing with one person raising doubts as to Chauvin’s guilt.“I felt like it should have been 20 minutes,” he said.Since the end of the trial and deliberations, Mitchell said that he has been decompressing.“Now that it’s been a few days, I’m starting to feel back to myself,” he said.The-CNN-Wire™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. Festival honoring George Floyd to be held on street where he took his last breaths May 26, 2021 AdvertisementInside the courtroomEarly in the trial, Chauvin had a confident look — but that didn’t last as testimony came out, Mitchell said.“As the case went on his demeanor kind of changed to more of a confused look as this isn’t how it’s supposed to go,” he said. “I didn’t see any remorse.”A particularly strong moment in the prosecution’s case came when pulmonary expert Martin J. Tobin testified to Floyd’s last moments, explaining when he lost consciousness and when he says the video shows Floyd losing his life. AdvertisementTags: Chauvin trialDerek ChauvinGeorge Floyd DOJ to investigate Minneapolis policing practices after ex-officer convicted of murder April 22, 2021last_img read more

NK’s systemic bribery and its implications for the future of the…

first_img Ordinary Pyongyang residents have not received government rations since mid-April SHARE News A unified Korean Peninsula is a future thateveryone dreams of. But what kind of unification is imagined by the specialistswho are actually working hard in their own fields for this cause? It’stime for “Unification Table Talk”, where we draw a more detailedassessment of a unified peninsula with guest specialists.Transparency International annuallyinvestigates 177 countries all over the world on a Corruption PerceptionsIndex. North Korea has ranked the most corrupt country in the world for fourconsecutive years. Today we will discuss the rampancy of corruption in NorthKorea and the influence of such corruption on society. Joining us is ProfessorLee Geun Young from Seoul National University. 1.Recently, there have been a series of purges of high level officials. It’s beenreported that Kim Jong Un made an order to “scrounge out the acts of corruptcadres and wage a strong war against them.” He demanded the eradication ofcorruption by cadres. Why did Kim Jong Un suddenly make such orders?Manyinterpretations are possible but first of all, I think the strongest purposebehind such orders by Kim Jong Un is control. Secondly, although these people wereregarded as positive influences in establishing the leadership of his fatherand himself during Kim Jong Il’s era, it seems he now considers them obstaclesto overcome in demonstrating his own leadership. So the orders were made tostrengthen control and establish his leadership. Thereare obstacles that must be overcome in order to more clearly express hispolicies and I think those obstacles are political reforms. Therefore, due tothe heavy focus on high level cadres there are occurrences of non-socialistdevelopments, right? My analysis is that the order was intended for theeradication of such occurrences. 2.Is corruption in North Korea an issue that can be resolved with a single orderfrom Kim Jong Un?Researchshows that cases of corruption and non-socialist behavior have somewhat decreasedtemporarily. This is because first of all, one of the stronger developmentssince Kim Jong Un’s leadership has been the trend of globalization pushed forby Kim Jong Un. There are clear rights that come with foreign trade and if KimJong Un makes a command in order to strengthen control of foreign trade, it isinevitable that signs such as a decrease in the frequency or cost of corruptionbecome visible. However, fundamentally, the phenomenon of non-socialism orcorruption cannot be resolved with a command or order.3.Truthfully, corruption is an issue in any country. There are issues ofcorruption even in democratic nations. However, it seems the traits ofcorruption in countries with well-developed democracies and countries withoutwell-developed democracies, especially North Korea, are quite different. Whatdo you think? You’recorrect. Corruption also occurs in developed nations as well as in developingand less developed nations. When looking at the theme of corruption and thesituation of development in a nation, the phenomenon of corruption somewhatcontributes to the development of the country. Corruption does not have anegative influence on all parts of society. Onthe other hand, there is always a debate of pros and cons in discussions aboutwhether corruption makes continuous growth possible. There is not muchcorruption in developed nations because administrative systems and structuresare sound and trusted. However, one characteristic of corruption in developednations is that most instances occur for the gain of the organization and whatcould be considered corruption occurs from a difference in interests. This istrue for the U.S., Japan, and South Korea. There is no set division of good andevil as these instances arise from a difference in interests.Butwith less developed nations for example, they do not have anything in place ofthe administrative systems and market structures, or the same degree of sharedinformation among social classes. Therefore, acts of corruptions such as kickbacks, bribes, or nepotismthough connections play the role of replacing the excessive administrativeweaknesses. Then like grease on a wheel, once the administration is advances, theseacts are able to develop and emerge as a phenomenon of corruption. It could besaid that when looking at the phenomenon of corruption in nations likesocialist countries with an underdeveloped democracy or less developed nations,the least noticeable and most important characteristic is that it begins withsomething very small then becomes a part of everyday life. 4.And in the midst of that, what does corruption in North Korea look like?Corruptionin North Korea is like looking at a living organism. In the past, honestly,nothing in North Korea was referred to as corruption. However, the word“corruption” started to appear in Kim Il Sung and Kim Jong Il’s works. If you searchfor the content, it mostly refers to acts of non-socialism. For example,everyone should engage in political activity for the party and as a member,should be a contributing revolutionary but anyone who does not do so and caresfor his or her own safety or seeks monetary reward is referred to as acorrupt individual. Ituses a similar method as the one used in chasing out of landowners during landreforms in 1960. What was recognized as corruption by Kim Il Sung or Kim JongIl at the time was the sloth of laborers. The method was used in that mannerthen but during the “Arduous March” of the 1990s when famine became an issue andwhen the nation could not fulfill its duties, the black market became thealternative for North Koreans. In private locations, there were minor acts suchas bartering, transactions with small bills, and trade but now such acts havebecome somewhat standardized, and it could be said that such behavior hasbecome even more systematized by collusion and collaboration among mid-level Party officials.4-1.I want to take a closer look at the aspects of corruption in North Korea. Itseems corruption at the highest level, with mid level cadres, and among averageNorth Koreans differ slightly. First, what does corruption at the highestlevel, including Kim Jong Un, look like?Whenlooking at corruption, or in other words cases of non-socialist situations, at the highestlevels, it is first of all committed by those with a certain level of statusand those who are called revolutionaries. The most representative act ofcorruption is the business of making foreign money. In the past, when laborerswere sent to Russia as loggers or when Kim Jong Il launched a politics of giftsthrough delegates or diplomats in Europe, many pocketed a portion during theprocess of importing many expensive goods or procuring maintenance expenses forthe party system. However, one characteristic of corruption committed by thehighest officials including Kim Jong Un is that the acts have become bolder,committed on a larger scale, and done through a greater variety of distributionroutes. Forexample, during Kim Jong Il’s time, consumption-oriented items such asexpensive watches, cars, and liquors were at the center of corruption. Now moreinterest is leaning towards raw materials. For example, North Korea iscurrently facing international sanctions on the import of tools and materials.It could be said that a slightly different characteristic under this situationis that high level officials are now using such routes as a means for makingforeign money. 4-2.Then what type of corruption is being committed by mid-level cadres such as enterprise managers, State Security Department officials, and Party cadres?Itcould be said that one trait of mid-level managers is that they are the peoplewho can best maintain a relationship with average citizens. For example, NorthKorea talks about party cells, generally individuals who systematically manage5 or more people. These people are managers who also have groups like jobunions and women’s unions. Therefore, as a part of self criticism or thepolitical work in each province, they come to take on the role of commanding,regulating, and managing whatever orders are sent from the party. Thecorruption committed by party cells is support of residents or members ofparty cells with acts that can be tolerated under their authority whilereceiving compensation in return. Inmost of these cases, it’s a carton of “Cat Cigarettes”. It’s said that thepreferred amount is one carton, or one “stick” as North Koreans call it. Whenlooking particularly at the most desired bribes by mid-level managers, thereseems to be a longing for a western lifestyle and society. For example, seeinghow things like South Korean Cuckoo rice cookers, kimchi refrigerators, Hallyudramas, or CDRs are being used as bribes, I wonder if interest about theoutside world has slowly increased.4-3. According to defectors, anyone who doesn’t lie and livesan honest life is called a fool. Are average North Koreans who aren’t cadresalso involved in corruption? Ofcourse. Corruption is a phenomenon that is always relative and occurs throughinteraction. Obviously, corruption is rampant in North Korea and there is anincreasing amount of behavior running contrary to socialism without the recognition that theyare spreading through daily life. Conversely,we cannot overlook the fact that there is some logic for corruption firmlymaintaining the North Korean system for 70s years. Therefore, the North Koreanpeople are also involved in corruption but because a considerable portion ofcorruption occurs in economic issues, personal issues, or social issues betweenindividuals, I don’t think everyone is like that. Thereis a trend of North Korean authorities also allowing a considerable amount ofcorruption. The most representative example is the economic reform measure ofJuly 1, 2002. In South Korean terms, it’s the case that we pay taxes accordingto what we make and everything else is acknowledged as ours to keep. Thenotable example of late is the vegetable management system. In the past, a fewparty cells would gather to cultivate a garden based on its size but nowbackyard gardens submit crops to the party through a family farming system andthe rest is kept. Therefore, in order to create a greater profit, people havemore reason to strongly push for economic life.5.If that’s so, it seems corruption in North Korea is not an issue limited toindividuals or one class but it’s that the entire society is structured withcorruption. I wonder if corruption isn’t the system that runs society. How doyou see it? Itseems North Korean authorities realize that a large part of corruption ornon-socialist behavior are having a somewhat negative effect. But when limitedto such acts, there were many cases attempting to prevent corruption such asaccompanying and controlling non-socialist groups but these days, authoritiesare showing actions of making sure that such corruption contributes to thesystem of preserving the party. Forexample, since the stimulation of the economy, mobile phones were distributed.As you know, in order to communicate via mobile phone, there must be a networkprovider but there is no network provider in North Korea. Border areas nearChina use Chinese network providers but the North Korea cabinet has thecommunications department. South Korea has one too, right? Under thecommunications department, state enterprises have already been paralyzed to apoint of where economic activity is close to impossible but in the past, anEgyptian mobile communications called Orascom was its substitute. So thestructure was established so that the greater the use of mobile phones, themore money Orascom made. However,the communications department merged with Orascom to launch a mobilecommunications company called Koryeo Link. From North Korea’s perspective,after creating Koryeo Link, increased use of mobile phones was advantageous. Theyhad regulated and controlled the use of mobile phones in the past but nowpushing for use of mobile phones was a matter of national interest. It could be said that the slight change in direction in order to assist reconstruction ofNorth Korean state enterprises is a small change in attitudes starting from theKim Jong Un era. It could be said that North Korean authorities’ stance or viewon corruption has changed a little bit. 6.What effects do you think the structuralization of corruption in North Koreahas had on its economy? NorthKorea displays all the traits of a typical undeveloped country. Many maydisagree on the particulars regarding North Korea’s status as a state but like in the case of otherunderdeveloped nations, structured corruption could be seen as having somewhatof a positive effect on North Korea’s economy. However,whether or not the North Korean system can handle corruption is a differentmatter. When the developed economic situation rises to a certain level,corruption will most definitely begin to have a negative effect on economicdevelopment. The current structure of corruption has somewhat contributed togeneral economic growth but after some time, it will become a large nuisance.Since corruption is a phenomenon that conflicts with the Juche ideology and themost basic ideologies needed to preserve North Korea’s system, how to accept ordispose of the phenomenon will become the greatest task facing the Kim Jong Unsystem. 7. Since when did corruption become so widely rampant like itis now? Accordingto my research, non-socialist behavior started occurring in the late 1980s.Such cases used to be extremely rare. But escape from North Korea for politicalreasons began in the early 1990s, and economic issues began to be brought upamong them around the same time. In 1989, Germany was unified. In the early1990s, the Soviet Union collapsed and the eastern European countries thatfollowed went through system transformations or unification. Therefore fromNorth Korea’s perspective, countries that imported raw materials and nonalignednations disappeared. Its brothers disappeared. Chinawas also becoming bound to South Korea through diplomacy so in some ways, NorthKorea’s routes to resources were being blocked off. North Korea passed throughthe late 80s to 1990 in this manner and due to extreme chaos and economic hardshipin North Korean society caused by Kim Il Sung’s death in 1994, life was so difficultenough for everyone from the high level officials to the people that the timeswere called the Arduous March. Sporadic distribution of rations did occur butthe times would have felt like an immense crisis. InSouth Korea, don’t we also buy things like ramen or flour at the supermarketduring times of economic crisis? That’s not because of an immediate lack offood, it’s in order to stock up. I think a similar phenomenon would haveoccurred in North Korea. Public distribution was minimal at the time so it wasa socialist phenomenon and the system would have had to maintain a closedstructure but seeing how high the inflation was under that structure, it seemstrue that the lives of the people would have been very difficult.8. Ultimately, the Kim family of Kim Il Sung, Kim Jong Il,and Kim Jong Un gave a sense of superiority and compensation to the specialclass while turning a blind eye to corruption by cadres. Kim Jong Un himself ismaintaining the regime with corruption but will he be able to take lead ineradicating corruption? Maintenanceof the system through the earning of foreign money or bribes by middlemanagement falls under the economic field and Kim Jong Un’s calls foreradication of corruption seem to correspond with the economic reform. Economicsand politics ought to be looked at separately but only just last year, Kim JongUn purged sixty people. Looking at the purge list of the sixty, they were allmarked as “corrupt” for political aims but it seems that they were dispelled asobstacles to political reform or as hindrances to be overcome for Kim Jong Un’sdisplays of leadership. So the donju who have built up economic power throughcorruption are not supposed to be permitted in a socialist state but there are no casesof such people being punished or purged.9. The issue of corruption in North Korea: how can it besolved?Itmust be a great concern for Kim Jong Un as well. The internationally acceptedCorruption Perceptions Index is released annually and North Korea always rankslast place with Somalia However, there has been some change. In 2010 and 2011,North Korea received 1 point out of 100. But looking at recent documents from2012 up until last year, North Korea received 8 points. This is because NorthKorea is perceived to have opened up economically and another reason is becauseit seems there have also been some forces change in aspects of North Koreansociety that were deemed unacceptable according to views of outside world. Yetthe pace of change is slow and exchange is necessary to resolve the problems ofcorruption. North Korea must meet with the outside world and it is necessaryfor North Korea to self-reflect on how it must change in order for people fromother countries to trust it during interactions. Additionally,in order to decrease political corruption, North Korea’s task is to shareinformation. So the sharing of information is the constant dilemma in economicsand in politics. Therefore, corruption can contribute somewhat to the growth ofthe nation but in the end, come back to bite the North Korean system. Yes,in today’s “Unification Table Talk” we spoke with Professor Lee Geung Young from SeoulNational University about North Korea’s chronic corruption – where it is aproblem and when the cycle of corruption can be ended. If North Korea’s problemof corruption is not resolved, it seems that it will not only be difficult tomaintain the Kim Jong Un regime but corruption will become a large obstacle tothe economic growth of the people. Professor, thank you so much for yourhelpful words today. News Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR North Korea tries to accelerate building of walls and fences along border with China center_img News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] NK’s systemic bribery and its implications for the future of the regime News By Daily NK – 2015.08.19 4:22pm Hamhung man arrested for corruption while working at a state-run department storelast_img read more

Two North Korean soldiers die during bridge repair

first_img News Two North Korean soldiers die during bridge repair News Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders AvatarKim Yoo JinKim Yoo Jin is one of Daily NK’s freelance journalists. Please direct any questions about his articles to [email protected] US dollar and Chinese reminbi plummet against North Korean won once again RELATED ARTICLESMORE FROM AUTHOR SHAREcenter_img By Kim Yoo Jin – 2019.08.19 5:01pm North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) NewsEconomy News Pyongyang’s Ongryu Bridge. Image: DPRK TodayTwo soldiers have died after falling from a bridge while repairing the Nampo-Pyongyang expressway last month for North Korea’s Department of Roads, according to sources in North Korea’s capital.“The soldiers were working at night and not wearing any safety equipment. They fell off the bridge while moving some cement mix,” a source in Pyongyang told Daily NK.“The lights at the repair site weren’t very bright due to the lack of electricity. The temporary lumber guardrails in place gave way and they fell into the river below.”Working with inadequate lighting and safety equipment, the soldiers involved in the incident were victims of the poor safety standards typical in North Korea, according to the source. The Department of Roads is a military unit under the Ministry of the People’s Armed Forces (MPAF), which manages military projects throughout the country.“The MPAF decided to have the soldiers work from 5 AM to midnight so that the repairs could be completed as quickly as possible. The soldiers on site were given three meals and an extra meal in the evening, but they faced really difficult working conditions.”According to a separate source in Pyongyang with knowledge of the incident, the soldiers were forced to work 16-hour days, with breaks only for meals.“The two soldiers who died were carrying the mixed cement together when they fell off the bridge. Other soldiers nearby heard their screams and ran to where they had fallen off the bridge, but they couldn’t find them in the dark,” he said.The unit involved in the repairs conducted a search for the soldiers the next morning and found their bodies several hundred meters downstream.“Soldiers drift off to sleep while working during night shifts,” the source said. “Other soldiers at the site say that the two soldiers were walking sleepily when they stepped on a poorly-made part of the bridge and fell into the water,” he said.The incident may have been caused by the removal of a handrail on the bridge that would have prevented the soldiers from getting too close to the edges. The military unit involved in the repairs, however, blamed the two soldiers who died for their own failure to follow “safety procedures.” Facebook Twitterlast_img read more

Asset International buys Corporate Insights

first_img Morningstar buys out Sustainalytics Low volatility a good sign for 2019 Canadian IPOs “This acquisition is just the first step in the partnership between AI and Genstar to dramatically grow organically and through acquisitions,” said Tony Salewski, principal at Genstar. “The combination of Investor Economics and Corporate Insights puts us in an even stronger position to serve our existing clients and strengthen our market share,” added Jim Casella, chairman and CEO of Asset International. Earl Bederman, president of Investor Economics, said, “The specialized services provided by Corporate Insights represent a natural complement to Investor Economics’ research and consulting services … We look forward to enhancing our ability to provide our clients with the informed analysis, competitive intelligence and insights needed to enable them to better understand, manage and grow their businesses.” Keywords Investment research James Langton Share this article and your comments with peers on social mediacenter_img Mercer and Morningstar partner on investment research platform Vancouver-based market research firm Corporate Insights, has been acquired by New York-based Asset International Inc. (AI), and will become a division of its existing Canadian subsidiary, industry research firm Investor Economics. No price was disclosed on the deal. The addition of Corporate Insights comes in the wake of AI’s acquisition by private equity firm Genstar Capital back in July. Asset International and Genstar say they intend to triple the size of the company over the next three to five years, and that growing Investor Economics is a key part of that plan. Related news Facebook LinkedIn Twitterlast_img read more

Persons in Rural Jamaica Serious About Exports – Stern

first_imgPersons in Rural Jamaica Serious About Exports – Stern UncategorizedDecember 6, 2008 RelatedPersons in Rural Jamaica Serious About Exports – Stern RelatedPersons in Rural Jamaica Serious About Exports – Stern FacebookTwitterWhatsAppEmail Minister of State in the Ministry of Industry, Investment and Commerce, Michael Stern, has said that persons in rural Jamaica are serious about taking advantage of opportunities in the export sector.Speaking at the opening of the Export Centre and Business Information Point, in the St. Elizabeth Co-operative Credit Union Complex in Santa Cruz, on December 4, the State Minister said that despite the many challenges faced by business operators, they continue to seek out opportunities, build local export capacity, thus ensuring the continued growth and development of micro, medium and small enterprises.“The reality is that we in rural Jamaica want to earn foreign exchange through export, so this must be facilitated. We not only want to build a strong local base, but we want to be properly equipped with the necessary information and the technology that will allow us to perform effectively in the global marketplace,” he stressed.He said that with the growth of businesses in Santa Cruz, the Business Information Point is timely. “This centre, I am sure, will go a far way in improving export competitiveness in this part of the island. It will have a positive impact on our national export performance, because once we have better quality information and services, we will be able to improve our production, marketing and distribution,” Mr. Stern argued.He reiterated the administration’s support for the micro business sector. “The Government continues to roll out a number of programmes and has been making every effort to provide support points across the island. So far, we have implemented some seven business centres across the island, and we certainly welcome private sector participation and partnership in the decentralisation of these services,” he added.“In addition, the Government has been promoting the establishment of incubators across the island, as part of our thrust to support entrepreneurship at the micro, small and medium levels. What we are seeking is to provide physical accommodation and a range of support services for start-up businesses, so that they can get their ideas off the ground and grow. Through the provision and utilisation of these facilities, we also help to reduce business failures,” the State Minister said.He also noted that the Government in seeking to create a more investor friendly environment for micro, small and medium enterprises, with the establishment of Entrepreneurial Production Centres across the island.“These will be private entities located in depressed communities, targeting individuals with low levels of skill and little or no employment opportunities. These centres will provide cost-sharing grants, interest-free loans for infrastructure refurbishment, and a 50 per cent subsidised lease for equipment and machinery,” he informed.The project in Santa Cruz is a collaborative effort between the Jamaica Exporters’ Association (JEA), and the Private Sector Development Programme (PSDP), and is jointly funded by the Government and the European Union.center_img RelatedPersons in Rural Jamaica Serious About Exports – Stern Advertisementslast_img read more

HS Sports: A weekend of championships for 4A/3A athletes

first_imgHS Sports: A weekend of championships for 4A/3A athletesPosted by ClarkCountyToday.comDate: Monday, June 7, 2021in: Sportsshare 0 guestLabel guestLabel Name*Email*Website Subscribe Connect with LoginI allow to create an accountWhen you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you’ll be logged-in to this account.DisagreeAgreeNotify of new follow-up comments new replies to my comments I allow to use my email address and send notification about new comments and replies (you can unsubscribe at any time). Union boys survive close championship basketball game, Camas girls roll, and Skyview baseball and Battle Ground softball complete undefeated seasonsThe Tacoma Dome or Union High School?Or was it the dome, or Camas High School?It wasn’t GESA Stadium in Pasco. It was Propstra Stadium in Vancouver.And it wasn’t Spokane. It was Camas again.Izaiah Vongnath of the Union Titans is carried away by teammates and fans after Union cut down the nets Friday. The Titans beat Skyview 61-60 in the Southwest Washington boys basketball tournament final. Photo courtesy by Warren J. Edmondson Sr.Izaiah Vongnath of the Union Titans is carried away by teammates and fans after Union cut down the nets Friday. The Titans beat Skyview 61-60 in the Southwest Washington boys basketball tournament final. Photo courtesy by Warren J. Edmondson Sr.No state championships were on the line Friday and Saturday in Southwest Washington as Class 4A and 3A winter and spring team sports completed their tournaments to conclude their seasons. But it meant something to the athletes in boys basketball, girls basketball, baseball, and softball.“Before the game, we came out acting like this was our state championship because we couldn’t go any farther,” said Union senior Kaden Horn, who helped the Titans to a 61-60 victory over Skyview to claim the boys basketball title on Friday night.It was the closest of the four tournament title games, as well. Union had a big lead throughout much of the game, Skyview came roaring back to take the lead twice in the final minute. Mehkai Brooks scored 23 of his 30 points in the second half for the Storm. In the end, Bryson Metz buried two free throws for the Titans with 11 seconds to play, then Union had to play defense.Don’t tell Horn or any of the Titans that this game did not mean much.“Oh my gosh. They got an offensive board. My stomach dropped,” Horn said. Skyview’s first attempt to win the game was off the mark. The Storm, indeed, got the offensive rebound and the put-back went in and out. Time ran out on the Storm, and all the Titans ran to each other to celebrate.“That was the scariest moment I’ve ever been through in basketball,” said Horn, who led the Titans with 25 points. I allow to create an accountWhen you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you’ll be logged-in to this account.DisagreeAgree 1 CommentOldest Newest Most Voted Inline FeedbacksView all comments All four No. 1 seeds won these local-only tournaments. And earlier in the week, Camas boys soccer completed an undefeated season. Boys soccer did not have a tournament. Instead, it was a tier format, and the Papermakers ruled.This was the first-of-its-kind conclusion to a bizarre sports year. The 4A and 3A programs opted to have winter and spring sports at the same time. And they all finished the same week. With the pandemic, there were no state tournaments sponsored by the WIAA this academic year. Local leagues and districts came up with their own plansBesides the team sports, there were culminating events in all of the individual sports as well in recent days. That includes an impromptu Clark County wrestling event, which was scheduled very late in the process for Saturday.In the team sports tournament finals, Camas girls basketball rolled to a title, while the Battle Ground softball and Skyview baseball teams completed undefeated seasons. “It’s been an awesome season. It’s just been so fun to clear all of the hurdles going into the year, all of the concerns, all of the worries hanging over our heads,” said Camas coach Scott Thompson.The Papermakers beat Union 77-38, making a school-record 17 3-pointers in the game. It was the second highest point total in Camas history.The Papermakers had a simple philosophy this season, going 16-1.“Nothing is guaranteed, so empty our tank every single day we’re out here,” Thompson said. “Now that we’re through it all, from a basketball perspective, it couldn’t have gone better. From just having a fun team with a great group of girls, we gave them a ton of memories. We got through this thing as well as we possibly could have done it.”Battle Ground softball, for years a quality program, just might have had one of its best teams. The Tigers went 16-0, taking down Prairie and Mountain View in the semifinals and then finals on Saturday at Camas High School.“It’s special to complete an undefeated season,” Battle Ground coach Jeremy Barr said. “Still leaves a little bit of a void that there wasn’t something beyond this. That’s really unfortunate, and I feel really bad for the kids that they didn’t get a chance to compete outside of the county.“Still, we’re thankful to have the opportunity to play at all this year. To see how they finished the season the way they did, it’s pretty special.”Battle Ground hit four home runs in the semifinals, and the Tigers got an 8-0 shutout in the championship game. Rylee Rehbein struck out 10 in the finals. Candice Adams, a freshman, finished the season with the team’s triple crown, leading the Tigers with a .510 batting average, with six home runs, and 31 RBIs in 14 games played.At Propstra Stadium, the Skyview Storm survived a close semifinal then took care of business in the finals to complete an undefeated baseball campaign.Seth Minor and Tyler Howard had back-to-back run-scoring singles in the third inning to give the Storm a 2-1 lead over Mountain View in the semifinals. That would be the final as pitchers Caden Vire (4 IP, six strikeouts) got the win, and Cade Reitzenstein got the three-inning save, punching out six batters.A salute to the Prairie Falcons here for making it to the finals. They were the No. 7 seed heading into the tournament. But in the end, it was the Storm’s day, completing the Storm’s season.Jack Santic drove in two runs for the Storm. Howard had three hits. And Brandon Bowyer threw six innings in the 8-3 victory. The Storm finished 17-0.In Class 1A, King’s Way Christian boys basketball beat Elma 64-33 to claim the district championship. Montesano upended King’s Way Christian in the girls title game.High school sports are not done for the school year yet. Class 2A sports have another week, highlighted by the boys and girls basketball tournaments. The Hudson’s Bay girls and Mark Morris boys are the top seeds from the 2A Greater St. Helens League.AdvertisementThis is placeholder textTags:baseballBasketballBattle GroundCamasCamas PapermakersClark CountyClass 3AClass 4AGreater St. Helens Leaguehigh school sportsLatestSkyview StormsoftballUnion TitansVancouvershare 0 Previous : Clark County Public Works to close section of NE 10th Ave. beginning Monday Next : Congressional candidate Heidi St. John responds to accusations in news reportAdvertisementThis is placeholder text Name*Email*Website Kevin Mattson Kevin Mattson 5 days ago Thanks for the writeup, these kids deserve all the press they can get. You missed an opportunity not covering the Track and Field District meet though! 0 Replylast_img read more