US threatens to 'utterly destroy' North Korea regime

Agencies
November 30, 2017

United States, Nov 30: The United States on Wednesday warned that North Korea's leadership will be "utterly destroyed" if war breaks out as it called on countries to cut all diplomatic and trade ties with North Korea -- including Chinese oil shipments to Pyongyang.

Washington urged tough action at an emergency meeting of the Security Council called to respond to North Korea's launch of an intercontinental ballistic missile (ICBM).

"The dictator of North Korea made a choice yesterday that brings the world closer to war, not farther from it," US Ambassador Nikki Haley told the council.

"If war comes, make no mistake: The North Korean regime will be utterly destroyed."

US President Donald Trump derided Kim Jong-Un as a "sick puppy" and threatened "major" new sanctions after Pyongyang tested its third ICBM -- which it claimed was capable of striking anywhere in the United States.

The test ended a two-month lull in missile tests that had raised hopes for the opening of diplomatic talks.

North Korean leader Kim said the test of the Hwasong-15 weapons system had helped his country achieve the goal of becoming a full nuclear power, as the international community expressed outrage.

"We call on all nations to cut off all ties with North Korea," Haley told the council.

The US ambassador said Trump had called Chinese President Xi Jinping and urged him to "cut off the oil from North Korea", a move that would deal a crippling blow to North Korea's economy.

"That would be a pivotal step in the world's effort to stop this international pariah," she said.

Piling pressure on China, Haley said that if Beijing does not act to cut off oil supplies "we can take the oil situation into our own hands."

The United States earlier this year pressed for a full oil embargo on North Korea but dropped that demand in negotiations on a sanctions resolution with China.

The Security Council met at the request of the United States, Japan and South Korea to consider next steps after three rounds of sanctions adopted in the past year failed to push North Korea to change course.

Earlier, Trump -- who had traded barbs with Kim for months -- had asked Xi to use "all available levers" to press the hermit state.

"Additional major sanctions will be imposed on North Korea today. This situation will be handled!" Trump said on Twitter.

So far Wednesday, no new announcements were forthcoming.

Last week, Trump announced new US unilateral sanctions on Pyongyang and returned it to a US list of state sponsors of terror.

There are concerns in Seoul that Trump might be considering military action against the North that could trigger a full-scale war.

Seoul is home to 10 million people and only about 50 kilometers (30 miles) from the border -- well within range of Pyongyang's artillery.

Russia urged the United States to scrap military exercises planned with South Korea in December, arguing they would exacerbate tensions.

"It is essential to take a step back," said Russian Ambassador Vassily Nebenzia, who urged Washington "to revise its policy of mutual threats and intimidation."

China once again pressed its proposal that the North stop missile and nuclear tests in exchange for a freeze of US military exercises -- a proposal Washington has repeatedly rejected.

North Korean state media said the missile launched Wednesday was more sophisticated than any previously tested by Pyongyang.

"The ICBM Hwasong-15 type weaponry system is an intercontinental ballistic rocket tipped with super-large heavy warhead which is capable of striking the whole mainland of the US," the North's official news agency KCNA said.

State television brought out Ri Chun-Hee, a star presenter who only appears for significant developments, to announce the landmark.

"Kim Jong-Un declared with pride that now we have finally realized the great historic cause of completing the state nuclear force, the cause of building a rocket power," she said.

Pyongyang said the missile reached an altitude of 4,475 kilometers and splashed down 950 kilometers from its launch site.

At least one Western expert said the missile's lofted trajectory suggested an actual range of 13,000 kilometers -- enough to hit every major US city.

David Wright, an arms control expert and co-director at the Union of Concerned Scientists, said the flight parameters of Wednesday's test pointed to a missile with "more than enough range to reach Washington DC, and in fact any part of the continental United States."

While Pyongyang has yet to prove its mastery of the re-entry technology required to bring a warhead back through the Earth's atmosphere, experts believe it is at least on the threshold of developing a working intercontinental nuclear strike capability.

In September, Pyongyang conducted its sixth and most powerful nuclear test and then fired an intermediate-range missile over Japan.

Over the past year, the Security Council has imposed biting sanctions on Pyongyang aimed at choking off revenue to its military programs.

These include a ban on North Korean exports of coal, iron, lead, textiles and seafood, trade restrictions and the blacklisting of a number of North Korean entities and officials.

The council has also banned the hiring of North Korean guest workers and capped oil exports, in particular from China, Pyongyang's main trading partner.

Canada said it would host a meeting of foreign ministers to discuss the North Korean threat.

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News Network
January 20,2020

Davos, Jan 20: India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70 per cent of the country's population, while the total wealth of all Indian billionaires is more than the full-year budget, a new study said on Monday.

Releasing the study 'Time to Care' here ahead of the 50th annual meeting of the World Economic Forum (WEF), rights group Oxfam also said the world's 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 per cent of the planet's population.

The report flagged that global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade, despite their combined wealth having declined in the last year.

"The gap between rich and poor can't be resolved without deliberate inequality-busting policies, and too few governments are committed to these," said Oxfam India CEO Amitabh Behar, who is here to represent the Oxfam confederation this year.

The issues of income and gender inequality are expected to figure prominently in discussions at the five-day summit of the WEF, starting Monday. The WEF's annual global risks Report has also warned that the downward pressure on the global economy from macroeconomic fragilities and financial inequality continued to intensify in 2019.

Concern about inequality underlies recent social unrest in almost every continent, although it may be sparked by different tipping points such as corruption, constitutional breaches, or the rise in prices for basic goods and services, as per the WEF report.

Although global inequality has declined over the past three decades, domestic income inequality has risen in many countries, particularly in advanced economies and reached historic highs in some, the Global Risks Report flagged last week.

The Oxfam report further said "sexist" economies are fuelling the inequality crisis by enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly poor women and girls.

Regarding India, Oxfam said the combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 which was at Rs 24,42,200 crore.

"Our broken economies are lining the pockets of billionaires and big business at the expense of ordinary men and women. No wonder people are starting to question whether billionaires should even exist," Behar said.

As per the report, it would take a female domestic worker 22,277 years to earn what a top CEO of a technology company makes in one year.

With earnings pegged at Rs 106 per second, a tech CEO would make more in 10 minutes than what a domestic worker would make in one year.

It further said women and girls put in 3.26 billion hours of unpaid care work each and every day -- a contribution to the Indian economy of at least Rs 19 lakh crore a year, which is 20 times the entire education budget of India in 2019 (Rs 93,000 crore).

Besides, direct public investments in the care economy of 2 per cent of GDP would potentially create 11 million new jobs and make up for the 11 million jobs lost in 2018, the report said.

Behar said the gap between rich and poor cannot be resolved without deliberate inequality-busting policies, and too few governments are committed to these.

He said women and girls are among those who benefit the least from today's economic system.

"They spend billions of hours cooking, cleaning and caring for children and the elderly. Unpaid care work is the 'hidden engine' that keeps the wheels of our economies, businesses and societies moving.

"It is driven by women who often have little time to get an education, earn a decent living or have a say in how our societies are run, and who are therefore trapped at the bottom of the economy,” Behar added.

Oxfam said governments are massively under-taxing the wealthiest individuals and corporations and failing to collect revenues that could help lift the responsibility of care from women and tackle poverty and inequality.

Besides, the governments are also underfunding vital public services and infrastructure that could help reduce women and girls' workload, the report said.

As per the global survey, the 22 richest men in the world have more wealth than all the women in Africa.

Besides, women and girls put in 12.5 billion hours of unpaid care work each and every day -- a contribution to the global economy of at least USD 10.8 trillion a year, more than three times the size of the global tech industry.

Getting the richest one per cent to pay just 0.5 per cent extra tax on their wealth over the next 10 years would equal the investment needed to create 117 million jobs in sectors such as elderly and childcare, education and health.

Governments must prioritise care as being as important as all other sectors in order to build more human economies that work for everyone, not just a fortunate few, Behar said.

Oxfam said its calculations are based on the latest data sources available, including from the Credit Suisse Research Institute's Global Wealth Databook 2019 and Forbes' 2019 billionaires list.

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News Network
July 10,2020

New Delhi, Jul 10: With the highest single-day spike of 26,506 COVID-19 cases and 475 deaths reported in the last 24 hours, the total number of COVID-19 cases in India reached 7,93,802 on Friday, according to the Union Ministry of Health and Family Welfare.

Out of the total number of cases, 2,76,685 are active, 4,95,513 have been cured/discharged/migrated and 21,604 have died so far due to the infection.

With as many as 2,30,599 COVID-19 cases, Maharashtra continues to remain the worst-affected state, followed by Tamil Nadu (1,26,581) and Delhi (1,07,051).

Meanwhile, 2,83,659 samples were tested for coronavirus on Thursday, taking the total number of samples tested up to July 9 to 1,10,24,491, according to the Indian Council of Medical Research (ICMR).

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News Network
March 16,2020

New Delhi, Mar 16: Due to the coronavirus pandemic, most airlines in the world will be bankrupt by the end of May and only a coordinated government and industry action right now can avoid the catastrophe, said global aviation consultancy firm CAPA in a note on Monday.

"As the impact of the coronavirus and multiple government travel reactions sweep through our world, many airlines have probably already been driven into technical bankruptcy, or are at least substantially in breach of debt covenants," it stated.

Across the world, airlines have announced drastic reduction in their operations in the wake of the coronavirus outbreak. For example, Atlanta-based Delta Air Lines stated on Sunday that it would be grounding 300 aircraft in its fleet and reduce flights by 40 per cent.

The US has suspended all tourist visas for people belonging to the European Union, the UK and Ireland. Similarly, the Indian government has suspended all tourist visas and e-visas granted on or before March 11.

CAPA, in its note on Monday, said, "By the end of May-2020, most airlines in the world will be bankrupt. Coordinated government and industry action is needed - now - if catastrophe is to be avoided."

Cash reserves are running down quickly as fleets are grounded and "what flights there are operate much less than half full", it added.

"Forward bookings are far outweighed by cancellations and each time there is a new government recommendation it is to discourage flying. Demand is drying up in ways that are completely unprecedented. Normality is not yet on the horizon," it said.

India's largest airline IndiGo -- which has around 260 planes in its fleet -- said on Thursday that it has seen a decline of 15-20 per cent in daily bookings in the last few days.

The low-cost carrier had stated that it expects its quarterly earnings to be materially impacted due to such decline.

CAPA said the failure to coordinate the future will result in protectionism and much less competition.

"The alternative does not bear thinking about. An unstructured and nationalistic outcome will not be survival of the fittest.

"It will mostly consist of airlines that are the biggest and the best-supported by their governments. The system will reek of nationalism. And it will not serve the needs of the 21st century world. That is not a prospect that any responsible government should be prepared to contemplate," the consultancy firm said.

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