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AdvertisementSouth Korea's political turmoil is likely to make the 'Korea discount' in stocks harder to shake off. South Korean President Yoon Suk Yeol's short-lived martial law announcement is undoing one of his top goals: boosting the value of stocks. Shares of Samsung Electronics, South Korea's largest company, tumbled as much as 3% before paring losses. AdvertisementThe latest political turmoil in South Korea isn't going to help — particularly since South Korean stocks have already been plagued by the so-called "Korea discount" for decades. The 'Korea discount'The "Korea discount" refers to the phenomenon whereby South Korean shares generally trade at lower valuations than their overseas peers.
Persons: Yoon, Yoon Suk, Yoon —, , Vishnu Varathan, retards, Hyosung Kwon, Rory Green, GlobalData.TS Lombard, Green, Jun Rong, Kim Jin, wook, China's CSI300 Organizations: South, US, Samsung Electronics, Korea's, Mizuho Securities, Bloomberg Economics, Citi, Reuters, Nikkei Locations: Korea, North Korea, Seoul, South Korea, Asia, Japan, South, GlobalData.TS
Australia's central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Australia's central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. In a speech on the banking industry in Melbourne, Reserve Bank of Australia Assistant Governor Christopher Kent said interest rates of 4.35% were contributing to slower growth of demand and lower inflation. "We know that many are feeling a painful squeeze on their finances because of higher interest rates," said Kent, noting mortgage payment has already increased to a record 10% of household disposable income. The RBA has raised interest rates by a whopping 425 basis points since May 2022, but has held steady for five straight meetings with inflation running at 3.6%, well above its target band of 2%-3%.
Persons: Christopher Kent, Kent Organizations: Reserve Bank of Australia Locations: Melbourne
The Paradox of Prosecuting Domestic Terrorism
  + stars: | 2023-02-08 | by ( James Verini | ) www.nytimes.com   time to read: +52 min
The preventive approach to domestic terrorism goes back even further than the 1990s and it begins with the basic police work and surveillance of the joint terrorism task forces. In fact, there is no section of the U.S. Criminal Code that criminalizes domestic terrorism as such. The absence of clear law around domestic terrorism, and the imperatives of prevention, mean that investigators and prosecutors who work domestic terrorism cases must focus on more common charges: weapons violations, illegal drug possession, burglary, aiding and abetting and so forth. But this was not enough to overrule the fear of domestic terrorism that was gripping the nation and that hung in the courtroom. It reflected the legal paradoxes of the case and domestic terrorism law in general or, maybe more accurately, the absence of it.
"It was a complete whirlwind, and it felt too good to be true," Morrison told Insider. "Everyone is given a calendar reminder of when they have to submit a review," one former employee told Insider. Durlston told Insider she wasn't a credible source given the acrimonious nature of her departure from Durlston. "Everyone gets pretty loose at these events," a former employee told Insider, noting the availability of alcohol throughout the day. Bahram told Insider this was not a prohibition but merely a suggestion that it would not be an appropriate arrangement.
Morocco's foreign-born contingent deliver in Qatar
  + stars: | 2022-12-11 | by ( Mark Gleeson | ) www.reuters.com   time to read: +3 min
Moroccans are one of the largest migrant populations in Europe, estimated at some five million, and have close ties with the country. The Royal Moroccan Football Federation has talent scouts dotted around Europe and move quickly when there is a potential clash of loyalties. Dutch-born Hakim Ziyech had talks with both the Moroccans and Netherlands coach Ronald Koeman about which country he would commit his international future to before deciding on Morocco. But there are doubters about the policy, who feel this assiduous courting of overseas-born players retards opportunity for home-born footballers. "Today we have shown that every Moroccan is Moroccan.
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