2016年4月29日星期五

Friday Morning Briefing: Ten years hard labor

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North Korea's Supreme Court sentenced a Korean-American man to 10 years of hard labor for subversion. Kim Dong Chul was arrested in October and confessed to "unpardonable espionage," North Korea's state media reported. The sentencing is part of a crackdown ahead of the country's first ruling party congress in 36 years, which begins on May 6.


The Food and Drug Administration gave the green light to Quest Diagnostics to sell the first commercially developed diagnostic test for the Zika virus in the United States, a step that may help expand testing capacity and speed diagnosis of the virus.


China's securities regulator is trying to bring the hammer down on commodity speculation after a surge in prices sparked fears of a boom-and-bust cycle. In response, commodity exchanges in Dalian, Shanghai and Zhengzhou ordered major institutional investors that lack a commodities background to rein in their trading. At their peak this year, Dalian iron ore had risen 73 percent, and Shanghai rebar 62 percent. On some days, the trading volume in iron ore futures on the Dalian exchange exceeded China's total imports for 2015.


A day in the life of an Islamic State fighter



Footage filmed in December shows what it's like to be an Islamic State fighter.


Around Wall Street

 

  • CBS executives are talking to investment bankers about how CEO and executive chairman Les Moonves can gain more control over the broadcaster after Sumner Redstone dies, or if he is declared mentally incompetent.

Digits of the day:

13 percent

 

Amazon.com earnings turned out to be an oasis in a desert of disappointing tech earnings this quarter. The online retailer's results crushed expectations, sending shares up 13 percent.

  • The yen surged to an 18-month peak as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, hurting prospects for Japanese exporters with a move that rippled through share markets across Asia.

Around the country

  • Donald Trump’s attack on the primary system as ‘rigged’ and ‘crooked' seems to be resonating with Americans. But he’ll have to work with the same establishment to win the GOP nomination.
  • The U.S. agency that oversees hiring for the federal government is expected to propose a rule that would remove questions about criminal history from job applications. If the rule is enacted, the tens of thousands of people who apply for federal government jobs annually would not have to disclose their criminal histories until after they are given a conditional job offer.
  • The Supreme Court approved a rule change that would let judges issue search warrants to access computers located in any jurisdiction, despite opposition from civil liberties groups who say that the rule will greatly expand the FBI's hacking authority.

Around the world

  • Tucked away in a quiet residential street in Kawasaki city in Japan is a refurbished workshop with a plain silver exterior and black draped windows that residents describe as creepy. The business inside, Sousou, is one of Japan's latest "corpse hotels," a camouflaged morgue used to store some of Japan's mounting pile of bodies waiting for a spot in one of the nation's overworked crematoriums.
  • China and Russia urged the United States not to install a new anti-missile system in South Korea. The United States and South Korea have begun talks on possible deployment of the Terminal High Altitude Area Defense system after North Korea tested its fourth nuclear bomb on Jan. 6.

Quote of the day:

"This move goes beyond the defensive needs of the relevant countries. If it is deployed it will directly impact China's and Russia's respective strategic security," Chinese Foreign Minister Wang Yi said.

 

  • Iranians are voting in a second round of parliamentary elections, with allies of President Hassan Rouhani seeking to wrest more seats from hardliners. Rouhani's moderate and centrist allies made major gains in Feb. 26 elections to parliament and a clerical body that will elect the next Supreme Leader. But they failed to win a majority of the 290-member assembly. The current parliament is dominated by hard-line allies of Supreme Leader Ayatollah Ali Khamenei.

Today's reason to live

PJ Harvey – The Wheel

 

 

 

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