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WASHINGTON, April 26 (Reuters) - President Joe Biden and South Korean leader Yoon Suk Yeol are expected to agree on Wednesday to deepen collaboration meant to deter nuclear escalation by North Korea amid heightened anxiety about its growing arsenal of missiles and bombs, U.S. officials said. The Republic of Korea is South Korea's official name. The officials stressed that no U.S. nuclear weapons would be returned to the peninsula, and South Korea would continue not to have control over the U.S. nuclear arsenal. South Korea will also reaffirm its commitment to the nuclear non-proliferation treaty and its non-nuclear status, they said. It is only the second state visit Biden has hosted since he took office two years ago - the first such guest was France's president.

☆ S.Korea's Yoon to meet Biden as doubts grow over nuclear umbrella
▼ + stars: | 2023-04-24 | by ( Hyonhee Shin | ) www.reuters.com time to read: +4 min

More than 64% supported South Korea developing its own nuclear weapons, with about 33% opposed. Yoon has been pushing to boost South Korea's say in operating the U.S. extended deterrence but exactly what that might entail has not been spelt out. A senior U.S. official said on Friday that Biden, during the summit with Yoon, would pledge "substantial" steps to underscore U.S. commitments to deter a North Korean nuclear attack. South Korea, a major producer of artillery shells, says it has not provided lethal weapons to Ukraine, citing its relations with Russia. South Korea tries to avoid antagonising Russia, due chiefly to business interests and Russian influence over North Korea.

WASHINGTON, April 21 (Reuters) - At a summit next week with South Korean leader Yoon Suk Yeol U.S. President Joe Biden will pledge "substantial" steps to underscore the U.S. commitment to deter a North Korean nuclear attack on South Korea, a senior U.S. official said on Friday. In a poll released on April 6 by the Asian Institute for Policy Studies in Seoul, 64.3% of South Koreans supported developing nuclear weapons with 33.3% opposed. The survey showed 52.9% of South Koreans were confident the United States would use nuclear weapons to defend South Korea in the event of a nuclear attack by North Korea. A second official said the United States welcomed the role South Korea had played in supporting Ukraine and would "welcome additional steps (It) might be willing to take." Biden will also commend huge South Korean tech investment in the United States since he took office, which was now approaching $100 million, the official said.

☆ Ex-BOJ chief Kuroda tapped for job at university in Tokyo
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

TOKYO, April 12 (Reuters) - Former Bank of Japan Governor Haruhiko Kuroda has received a job offer from a prestigious university in Tokyo, days after retiring from the helm of the central bank, a university official told Reuters on Wednesday. Kuroda will become a senior academic fellow at National Graduate Institute for Policy Studies (GRIPS), a job aimed at making use of his rich experience for teaching students, many of whom are from Asia, the official said. "We have commissioned the post of senior fellow to Kuroda as of yesterday. His job is based on basic research, but he will also give lectures from autumn, as per his intention," Takahiro Okamoto, a GRIPS official told Reuters, adding that details have not yet been decided. Kuroda served as BOJ governor from March 2013 to April 8, after having been the Asian Development Bank president and Japanese vice finance minister for international affairs.

☆ In hard times, Corporate America looks out for its CEOs
▼ + stars: | 2023-04-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

See here: Recent filings illustrate the way CEOs are still lavishly compensated even when massive screw-ups happen on their watch. A Southwest representative told CNN that the December cancellations did factor into the bonuses paid out to employees. The boards that make decisions on CEO pay are usually stacked with executives or former executives from other companies who benefit from the system. Often, CEOs of distressed companies — rather than seeing pay cut — receive so-called retention bonuses to encourage leaders not to flee the sinking ship. “When all the numbers are crunched, 2022 is going to be a flat year for CEO pay,” said Reda.

SEOUL, March 20 (Reuters) - North Korea's presumed use of a silo in its latest missile test was aimed at boosting the speed and reliability of launches, and could be used in future flights of intercontinental ballistic missiles (ICBMs), analysts said on Monday. "And without launch preparations being detected in advance, you can just press a button." Unlike the KN-23, liquid-fuelled missiles such as North Korea's Hwasong-17 ICBM require time for fuelling. With a silo that can take place underground, out of sight. North Korea typically relies on mobile launchers, but the country's lack of infrastructure could make launches from such trucks challenging, Yang said.

☆ North Korean leader Kim calls for intensified drills in case of 'real war'
▼ + stars: | 2023-03-09 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

[1/3] A general view of fire assault drill at an undisclosed location in North Korea March 10, 2023 in this photo released by North Korea's Korean Central News Agency (KCNA). North Korea fired a short-range ballistic missile off its west coast on Thursday, South Korea's military said, adding it was analysing possibilities the North may have launched multiple missiles simultaneously from the same area. North Korea has long bristled at the allies' drills as a rehearsal for invasion. North Korean leader Kim's sister, Kim Yo Jong, said earlier this week any move to shoot down one of its test missiles would be considered a declaration of war and blamed the joint military exercises for growing tensions. Yang Uk, a research fellow and defence expert at Seoul's Asan Institute for Policy Studies, said North Korea has been increasingly claiming that its smaller missiles are nuclear-capable, in apparent threats to South Korea.

SEOUL, March 8 (Reuters) - South Korea's government approved export licenses for Poland last year to provide Ukraine with Krab howitzers, which are built with South Korean components, a defence acquisition official in Seoul told Reuters on Wednesday. The comments are the first confirmation that South Korea officially acquiesced to at least indirectly providing weapons components to Ukraine for its war against Russia. Seoul officials have previously declined to comment on the Krabs, fuelling speculation over whether South Korea had formally agreed or was simply looking the other way. South Korean President Yoon Suk Yeol said at the time that South Korea, a U.S. ally, had not provided any weapons. Kim said Poland would need further South Korean permission to provide any of those new weapons to Ukraine.

☆ North Korea-South Korea ties: Tension shouldn't be avoided but managed, think tank says
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorth Korea-South Korea ties: Tension shouldn't be avoided but managed, think tank saysDu Hyeogn Cha of The Asan Institute for Policy Studies discusses two ways to manage those tensions.

☆ North Korean Parade Puts Missile Production Prowess on Display
▼ + stars: | 2023-02-09 | by ( Dasl Yoon | ) www.wsj.com time to read: +5 min

North Korea has never showcased that many nuclear missiles at one time. The Wednesday parade suggested North Korea was expanding its stockpile of nuclear missiles that threaten the U.S. and its allies’ missile defense systems. North Korea has been developing solid-fueled ICBMs that require less preparation time to launch. North Korean state media didn’t report on any remarks by Mr. Kim, who has skipped speeches at previous military parades. “The main objective of Wednesday’s military parade is to show North Korea’s growing missile capability to strike the U.S. mainland,” said Park Won-gon, a professor of North Korean studies at Ewha Womans University.

"As the United States deepens its relationship with the Philippines, it's important for regional security that Japan join in," a Japanese defence ministry source with knowledge of internal discussions on national security told Reuters. At a press briefing last week, Neil Imperial, the Philippines Assistant Secretary for Asian and Pacific Affairs, said Marcos wanted to "facilitate closer defence, security, political, economic and people-to-people ties" while in Japan. That sentiment is shared in Tokyo, which has been deepening security ties with nations that view China with concern. Those deals provide a framework for how Marcos and Kishida could also forge deeper military ties to counter their common adversary, say experts. "The Philippines is a critical security partner for Japan," said Narushige Michishita, a professor at the National Graduate Institute for Policy Studies (GRIPS) in Tokyo.

☆ Betsy DeVos and former GOP lawmakers who helped construct versions of the legislation Biden is using to cancel student debt just told the Supreme Court his plan 'obviously violates' the law
▼ + stars: | 2023-02-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Both briefs criticized the legal path Biden used to cancel student debt, saying relief requires Congressional approval. The Supreme Court is hearing the two lawsuits challenging Biden's relief on February 28. After two conservative-backed lawsuits late last year paused the implementation of Biden's debt relief, the Supreme Court agreed to take up both of the cases on February 28. Per the brief, McKeon was the original author of the HEROES Act of 2001 in response to 9/11, and Kline authored the HEROES Act of 2003. So did former Rep. George Miller, a top Democratic lawmaker on the House education committee who helped construct the HEROES Act of 2003.

☆ US-China Tech War: How Money for Semiconductor Factories Costs Americans
▼ + stars: | 2023-01-19 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +15 min

If the first Cold War was defined by the development of nuclear weapons, this Tech Cold War is defined by the computer chip. The massive Intel plant in Ohio is a key part of the race with China for the future of tech. Even before the Intel plant, the Columbus area was well acquainted with these sorts of trade-offs. But, the Ohio State study found, Columbus' residential tax-abatement programs did little to meaningfully address the housing problem, while draining the city's funds. Federal, state, and local subsidies add up to billions of dollars that Intel is saving on its new Ohio semiconductor factory.

☆ Kyrsten Sinema was doing the GOP a favor by blocking Democrats' taxes on the wealthy. Now a Republican-controlled House will have to fight that battle.
▼ + stars: | 2022-12-10 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Sen. Kyrsten Sinema repeatedly threw cold water on Democrats' plans to raise taxes on the wealthy. Now that Sinema is officially becoming an independent, Democrats still likely won't be able to pass anything. However, the House — which has to pass any legislation that would include hikes — will soon be controlled by Republicans. Raphael Warnock's reelection in the Georgia runoff also gave Democrats an opening to work around Sinema. Republicans are very tax averse, already mounting opposition to a 15% minimum tax on big multinational corporations like Amazon and Facebook.

☆ America is a new tax haven for the ultra-wealthy — and 13 states are holding billions in hidden assets
▼ + stars: | 2022-09-28 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Right now, billions of dollars of assets are held in secretive trusts across the country. In those states, billions of dollars remain untouched and untaxed. "Wealthy people from around the world are bringing their assets and wealth to the United States to park it and avoid responsibility." "We can safely say we're talking hundreds of billions of dollars a year, trillions probably, that are not being subject to tax," Collins said. "It's costing the rest of us taxpayers billions and hundreds of billions of dollars in lost revenue," Collins said.

☆ Patagonia founder's big donation potentially saves him over $1 billion in taxes — and experts say it shows how the wealthy are able to 'entirely opt out of taxes'
▼ + stars: | 2022-09-16 | by ( Juliana Kaplan | Grace Kay | ) www.businessinsider.com time to read: +9 min

The donations could save the Patagonia founder's family over $1 billion in taxes, experts calculated. "Instead of extracting value from nature and transforming it into wealth for investors, we'll use the wealth Patagonia creates to protect the source of all wealth." It also might give Chouinard and his family a big tax break, experts who monitor such big transactions told Insider. A Patagonia spokesperson told Insider the Chouinard family did not ask to create a company structure to avoid taxes. Russell James, director of graduate studies in personal financial planning at Texas Tech University, said that the ultra-wealthy generally "can't even use charitable income tax deductions."

☆ Meet the Cathys, heirs to the Chick-fil-A empire, who have a fortune of more than $14 billion and are one of America's wealthiest family 'dynasties'
▼ + stars: | 2021-06-24 | by ( Hillary Hoffower | ) www.businessinsider.com time to read: +1 min

Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Loading Something is loading. That's because the Cathys are the family behind the Chick-fil-A empire. Born and raised in the south, the Cathy family has been dedicated to continuing Truett's legacy, growing Chick-fil-A across the US. AdvertisementAdvertisementTake a look inside the rise of Chick-fil-A and the family behind it.

Persons: Cathy family's, Truett Cathy, Truett's, Dan Cathy, Don, Bubba, Cathy, — Organizations: Service, Policy, Forbes Locations: Wall, Silicon

Without a good credit score, buying a home or borrowing money is more difficult, holding Black Americans back from building wealth. To understand the impact that credit scores have on the racial wealth gap, it is important to understand the history of the credit system. On a 30-year, $200,000 mortgage with a FICO credit score between 700 and 759, one could expect to receive a 2.56% interest rate. But a person with a credit score between 660 and 679 could end up paying an additional $14,914 — 677 is the average credit score for African Americans compared to white Americans at 734. Indeed, the credit gap is just another symptom of systemic racism, and finding ways to achieve parity in employment and wages would go a long way to closing the credit gap.

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