Tillerson says China warned North Korea to stop nuclear tests

April 28, 2017

Washington, Apr 28: U.S. Secretary of State Rex Tillerson said Thursday that China has threatened to impose sanctions on North Korea if it conducts further nuclear tests.

TillersonTillerson said China also told the U.S. that it had informed North Korea "that if they did conduct further nuclear tests, China would be taking sanctions actions on their own."

Earlier Thursday, the senior U.S. Navy officer overseeing military operations in the Pacific said the crisis with North Korea is at the worst point he's ever seen, but he declined to compare the situation to the Cuban missile crisis decades ago.

"It's real," Adm. Harry Harris Jr., commander of U.S. Pacific Command, said during testimony before the Senate Armed Services Committee.

Harris said he has no doubt that North Korean leader Kim Jong Un intends to fulfill his pursuit of a nuclear-tipped missile capable of striking the United States. The admiral acknowledged there's uncertainty within U.S. intelligence agencies over how far along North Korea's nuclear and missile programs are. But Harris said it's not a matter of if but when.

"There is no doubt in my mind," Harris said.

The Trump administration has declared that all options, including a targeted military strike, are on the table to block North Korea from carrying out threats against the United States and its allies in the region. But a pre-emptive attack isn't likely, U.S. officials have said, and the administration is pursuing a strategy of putting pressure on Pyongyang with assistance from China, North Korea's main trading partner and the country's economic lifeline.

With international support, the Trump administration said Thursday it wants to exert a "burst" of economic and diplomatic pressure on North Korea that yields results within months to push the communist government to change course from developing nuclear weapons.

Susan Thornton, the acting top U.S. diplomat for East Asia, said there's debate about whether Pyongyang is willing to give up its weapons programs. She said the U.S. wants "to test that hypothesis to the maximum extent we can" for a peaceful resolution.

But signaling that military action remains possible, Thornton told an event hosted by the Foundation for Defense of Democracies — the Washington think tank has advocated tougher U.S. policies on Iran and North Korea — that the administration treats North Korea as its primary security challenge and is serious that "all options are on the table."

"We are not seeking regime change and our preference is to resolve this problem peacefully," Thornton said, "but we are not leaving anything off the table."

Tillerson took a similar stand in the Fox News interview Thursday, saying: "We do not seek regime change in North Korea. ... What we are seeking is the same thing China has said they seek — a full denuclearization of the Korean peninsula."

In a separate interview with National Public Radio, Tillerson said the U.S. remains open to holding direct negotiations with North Korea.

"But North Korea has to decide they're ready to talk to us about the about the right agenda, and the right agenda is not simply stopping where they are for a few more months or a few more years and then resuming things," he said, according to excerpts of an interview that will air Friday morning. "That's been the agenda for the last 20 years."

Multi-nation negotiations with North Korea on its nuclear program stalled in 2008. The Obama administration attempted to resurrect them in 2012, but a deal to provide food aid in exchange for a nuclear freeze soon collapsed.

Harris told the committee that the financial sanctions imposed against the North Korean regime by the U.S. and other countries have done nothing to slow North Korea's quest for weapons of mass destruction. He also said he's been skeptical of China's willingness to exert its influence over Pyongyang. But Harris said he's become "cautiously optimistic" following recent talks between Trump and Chinese President Xi Jinping.

"It's only been a month or so and it's too early to tell," Harris said. "I wouldn't bet my farm on it."

The House GOP leadership announced late Thursday that it would vote next week on new sanctions against North Korea that would target its shipping industry and those who employ North Korean slave labor abroad.

"The time for waiting on North Korea to get its act together is over. Congress has led the effort to institute tough and far-reaching sanctions against Pyongyang," said House Majority Leader Kevin McCarthy, R-Calif.

In a show of military might, the U.S. has sent a massive amount of American weaponry to the region. A group of American warships led by the aircraft carrier USS Carl Vinson is in striking range of North Korea "if the president were to call on it," Harris told the committee. A U.S. missile defense system called Terminal High-Altitude Area Defense is being installed in South Korea.

Harris said he has adequate forces to "fight tonight" against North Korea if that were to become necessary. But the admiral also said he lacks all the attack submarines he needs and has no capable defense against the thousands of artillery pieces North Korea has assembled near the Demilitarized Zone separating North and South Korea. There are about 28,500 U.S. military personnel serving in South Korea.

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Agencies
July 7,2020

Washington, Jul 7: The US military "will continue to stand strong” in relationship to a conflict between India and China or anywhere else, a top White House official said on Monday, after the navy deployed two aircraft carriers to the South China Sea to boost its presence in the region.

"The message is clear. We're not going to stand by and let China or anyone else take the reins in terms of being the most powerful, dominant force, whether it's in that region or over here,” White House Chief of Staff Mark Meadows told Fox News.

“And the message is clear. Our military might stands strong and will continue to stand strong, whether it's in relationship to a conflict between India and China or anywhere else,” Meadows said in response to a question.

He was told that India banned Chinese apps because Indian soldiers were killed by Chinese troops last month and asked what's mission of the two aircraft carriers - the Ronald Reagan and the Nimitz - and what's America's mission.

The troops of India and China are locked in an eight-week standoff in several areas in eastern Ladakh including Pangong Tso, Galwan Valley and Gogra Hot Spring. The situation deteriorated last month following the Galwan Valley clashes that left 20 Indian Army personnel dead as the two sides significantly bolstered their deployments in most areas along the LAC.

The Chinese military on Monday began withdrawing troops from the Galwan Valley and Gogra Hot Spring after National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi held lengthy talks on Sunday. Doval and Wang are also the special representatives on the India-China boundary talks.

The United States has sent two of its aircraft carriers to the South China Sea. “Our mission is to make sure that the world knows that we still have the preeminent fighting force on the face of the globe,” Meadows said.

President Donald Trump has invested more in the US military, more in not only the hardware, but the men and women who serve so sacrificially each and every day, he said. “He (Trump) continues to do so,” he added.

China is engaged in hotly contested territorial disputes in both the South China Sea and the East China Sea. Beijing has built up and militarised many of the islands and reefs it controls in the region. Both areas are stated to be rich in minerals, oil and other natural resources and are vital to global trade.

China claims almost all of the South China Sea. Vietnam, the Philippines, Malaysia, Brunei and Taiwan have counter claims over the area.

Appearing on the same Fox News on Monday talk show with host Brian Kilmeade, influential Republican Senator Tom Cotton said that the US aircraft carriers are headed to the South China Sea to thwart off any Chinese misadventure against Taiwan or other countries in the region.

"That's one of the reasons why we have those aircraft carrier groups in the South China Sea. I mean, look what China did in the southwest. It's essentially invaded India over the last few weeks and killed Indian soldiers,” Cotton said.

"No country on China's periphery, right now, is safe from Chinese aggression. All those countries want a close relationship with the United States. We ought to have one,” Cotton said.

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News Network
May 6,2020

Washington, May 6: At a time when the coronavirus pandemic has squeezed them, multi-national companies in America are laying off workers while paying cash dividends to their shareholders. Thus making the workers bear the brunt of the sacrifices while the shareholders continue to collect.

The Washington Post said in one of its reports that five big American companies have paid a combined USD 700 million to shareholders while cutting jobs, closing plants and leaving thousands of their workers filing for unemployment benefits.

Since the pandemic was declared an emergency, Caterpillar has suspended operations at two plants and a foundry, Levi Strauss has closed stores, and toolmaker Stanley Black & Decker has been planning layoffs and furloughs.

Steelcase, an office furniture manufacturer, and World Wrestling Entertainment have also shed employees.

Executives of those companies told the Post that the layoffs support the long-term health of their companies, and often the executives are giving up a piece of their salaries. Furloughed workers can apply for unemployment benefits.

But distributing millions of dollars to shareholders while leaving many workers without a paycheck is unfair, critics argue, and belies the repeated statements from executives about their concern for employees' welfare during the coronavirus crisis.

Caterpillar, for example, announced a USD 500 million distribution to shareholders April 8, about two weeks after indicating that operations at some plants would stop. The company however declined to divulge how many workers are affected.

"We are taking a variety of actions globally, but we aren't going to discuss the number of impacted people," spokeswoman of the company, Kate Kenny, said in a reply to an email by the Post.

This spate of dividends is also likely to revive long-standing debates about economic rewards.

"There are no hard-and-fast rules about this," said Amy Borrus, deputy director of the Council of Institutional Investors, a group that argues for shareholder rights and represents pension funds and other long-term investors.

Many large US companies choose to issue a regular, quarterly dividend to shareholders, often increasing it, and they boast about these payments because they help keep the share price higher than it might otherwise be. Those companies might be reluctant to announce that they are cutting or suspending their dividend during a crisis, Borrus was further quoted as saying.

But "companies have to be mindful of the optics of paying dividends if they're laying off thousands of workers," she added.

On March 26, Caterpillar had announced that because of the pandemic, it was "temporarily suspending operations at certain facilities." Two plants, in East Peoria, Ill., and Lafayette, Ind., were coming to a halt, as well as a foundry in Mapleton, Ill., according to news reports.

"We are taking a variety of actions at our global facilities to reduce production due to weaker customer demand, potential supply constraints and the spread of the covid-19 pandemic and related government actions," Kenny said via email.

"These actions include temporary facility shutdowns, indefinite or temporary layoffs," she added.

Similarly, Levi Strauss announced April 7 that the company would stop paying store workers, and about 4,000 are now on furlough. On the same day, the company announced that it was returning USD 32 million to shareholders.

"As this human and economic tragedy unfolds globally over the coming months, we are taking swift and decisive action that will ensure we remain a winner in our industry," Chip Bergh, president and chief executive of the company, also told the Post.

Stanley Black & Decker announced on April 2 that it was planning furloughs and layoffs because of the pandemic. Two weeks later, it issued a dividend to shareholders of about USD 106 million.

The notion that a company's primary purpose is to serve shareholders gained prominence in the 1980s but has come under attack in recent years, even from business executives, the newspaper reported.

Corporate decisions to suspend dividends and buybacks are complex, however, and it is difficult to know whether these suspensions of dividend and buyback programs were motivated by a desire to conserve cash in anticipation of bad times, and how much they are prompted by a sense of obligation to employees.

Over recent decades, the mandate to "maximize shareholder value" has become orthodoxy, for many, and it is often unclear what motivates companies to pare dividends or buybacks for shareholders, said William Lazonick, an emeritus economics professor at the University of Massachusetts at Lowell, who has been one of the leading critics of companies that distribute cash to shareholders through stock buybacks and dividends rather than reinvesting the profits into employees, innovation and production.

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News Network
March 21,2020

Beijing, Mar 21: China reported no domestically transmitted coronavirus cases for the third consecutive day even as seven more fatalities have been confirmed, taking the death toll in the country to 3255.

No new domestically transmitted cases of COVID-19 were reported on the Chinese mainland for the third day in a row on Friday, China's National Health Commission (NHC) said on Saturday.

The overall confirmed cases on the mainland had reached 81,008 by the end of Friday, which included 3,255 who died, 6,013 patients still undergoing treatment, 71,740 patients who had been discharged after recovery, the NHC said.

The NHC said 41 new confirmed COVID-19 cases were reported on the Chinese mainland on Friday from the people arriving from abroad, taking the total number of imported cases to 269.

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