Friday, June 19, 2009

North Korea Planning To Fire Missile at Hawaii, Says Japan intelligence

Japanese intelligence has learned that Kim Jong Il plans to fire a Taepodong rocket at Hawaii, possibly on the 4th of July. Wait, what?!
World powers have condemned North Korea for test-firing a series of missiles, including one thought capable of reaching the US.

The seven missiles included a long-range Taepodong-2, which the US said failed shortly after take-off.

The US called the tests "provocative", and urged a resumption of multilateral talks. Japan went on to announce a range of sanctions against Pyongyang.

The UN Security Council has held an emergency meeting on the crisis.

The ambassadors of the US, Japan and the UK said there had been widespread concern with not a single member of the council defending North Korea's actions.

A draft resolution drawn up by Japan and the US is said to demand that Pyongyang immediately stop the development, testing and deployment of ballistic missiles.

It also calls on member states to prevent the transfer of resources, items and technology that could contribute to North Korea's missile programme.

Experts are beginning discussion on the document but there is no indication when it may be passed by the council.

Tokyo - one of North Korea's harshest critics, and in easy reach of a long-range missile - has already said it will ban the entry of North Korean officials, chartered flights and a ferry.

In its first response to the tests, China urged all sides to remain calm.

Japanese and South Korean military are on high alert, and share prices have fallen in both countries.

Pyongyang remained defiant. A foreign ministry official said such launches were a matter of national sovereignty, Japanese media reported.

The BBC's Charles Scanlon in Seoul says the North has been feeling under pressure and ignored in recent months, with the US refusing to negotiate on its demands over its nuclear plans.

US Secretary of State Condoleezza Rice said the strong reaction from the international community demonstrated that this was not a matter between the US and North Korea.

Ms Rice said the six-party talks provided the forum for discussing the missile crisis.

Without specifying what punitive measures the US could take, she said: "The international community does have at its disposal a number of tools to make it more difficult for North Korea to engage in this kind of brinksmanship and to engage in the continued pursuit of its nuclear weapons programmes and of its missile programmes."

Some observers believe it was not a coincidence that North Korea launched six of the missiles as the US celebrated its Independence Day holiday and launched the space shuttle from Florida.

1998: Tests long-range Taepodong-1 over Japan
1999: Agrees to moratorium on long-range tests
2003: Six-nation talks begin on N Korea's nuclear programme
2005: Six-nation talks stall
July 2006: N Korea launches seven missiles, including long-range Taepodong-2, which fails

N Korea's missile programme

According to US officials, the six earlier launches took place over a four-hour period, beginning at 0332 Japan time (1832 GMT Tuesday).

Among them was the Taepodong missile - thought capable of reaching Alaska. US officials said it failed shortly after take-off, while the others fell into the Sea of Japan.

The seventh missile launch came hours later, at 1722 Japan time (0822 GMT) according to local media reports.

The US and North Korea's neighbours have been on heightened alert in recent weeks amid suspicions that Pyongyang was preparing to launch the Taepodong-2, which has a range of up to 6,000 km (3,730 miles).

It was Pyongyang's first test of a long-range missile since a self-imposed moratorium in 1999.

The last time North Korea tested a long-range missile was in 1998, when it launched a Taepodong-1 over northern Japan.

No comments:

Post a Comment


NFE/1.0marc faber - Google News©2013 GoogleFri, 28 Jun 2013 00:51:38 GMTFri, 28 Jun 2013 00:51:38 GMTmarc faber - Google News Doom? Marc Faber Sees Stock Buying Opportunity - CNBC.com,2005:cluster=, 25 Jun 2013 17:08:32 GMT

Dr. Doom? Marc Faber Sees Stock Buying Opportunity
The dean of doom, Marc Faber, told CNBC on Tuesday that a variety of asset classes—including equities—may be worth buying for short-term gains. In the midst of market volatility on concerns over Federal Reserve tapering, he said, "Treasury bonds ...
Marc Faber aka Dr. Doom: S&P 500 Index Could Fall 20% To 30% EasilyETF Daily News (blog)
Dr Doom warns stocks are oversold but S&P readies for another

all 7 news articles »
Marc Faber Forecasts 30% Stock Market Crash, Says Buy Gold - The Market Oracle,2005:cluster=, 27 Jun 2013 15:40:52 GMT

Marc Faber Forecasts 30% Stock Market Crash, Says Buy Gold
The Market Oracle
The Fed's 'tapering' comments have ramped up market volatilaty and Faber gives some advice for short and long-term strategies. For example: ""The best course of action is to actually not buy anything, but rather to reduce positions on a rebound," Faber ...

Marc Faber: Bull in the short term, bear in the long term - MarketWatch (blog),2005:cluster=, 25 Jun 2013 12:43:25 GMT

Marc Faber: Bull in the short term, bear in the long term
MarketWatch (blog)
... so perhaps it's best left to someone who has historically said “sell.” Marc Faber, author of the ”The Gloom, Boom & Doom Report,” and often called “Dr. Doom” because of his bearish sentiment, says there are buying opportunities — at least in the ...

Marc Faber: Gold a possible canary in the deflation coalmine - MarketWatch (blog),2005:cluster=, 24 Jun 2013 14:53:27 GMT

Business Insider

Marc Faber: Gold a possible canary in the deflation coalmine
MarketWatch (blog)
Here's what Marc Faber, editor of Gloom Boom Doom report told MarketWatch in an email. “Maybe gold is signaling a deflationary collapse of all asset prices. If this were indeed the case I suppose I would rather own gold than government bonds, high ...
MARC FABER: The Way Things Are Going, Bernanke Will Have To Give Us 96 ...Business Insider
"Incredibly Bad Sentiment" Makes Gold & Bonds a Buy Says Marc Faber, as All
“Sentiment on Gold and Bonds Incredibly Negative” – Marc Faber Predicts ...Gold and Silver Blog (blog)
Wall St. Cheat Sheet -Gold Seek
all 8 news articles »
Marc Faber Sees Further Downside - CNBC.com,2005:cluster=, 21 Jun 2013 03:06:42 GMT

Marc Faber Sees Further Downside
China's factory output weakened to a 9-month low today, and financials saw a huge sell-off today, with the FM traders; and The Gloom, Boom and Doom Report's Marc Faber, shares his economic outlook. There's plenty of room for the stock market to decline ...
Marc Faber: More S&P downside, commodities 'horrible'…except goldMarketWatch (blog)

all 3 news articles »
Marc Faber says 'thanks' to Bernanke - MarketWatch (blog),2005:cluster=, 18 Jun 2013 19:33:27 GMT

Marc Faber says 'thanks' to Bernanke
MarketWatch (blog)
[An earlier version of this blog mistakenly attributed the comments to Marc Faber's blog. The original comments were made in an interview with Barron's on June 1. The comments were picked up Tuesday in a tracking blog that aggregates Faber's public ...

and more »
Dr. Doom Marc Faber: Don't Bet on New Market Highs - CNBC.com,2005:cluster=, 04 Jun 2013 15:51:19 GMT

Dr. Doom Marc Faber: Don't Bet on New Market Highs
Faber said large cap stocks like McDonald's, Coca-Cola, Procter & Gamble and Wal-Mart "have most likely peaked." However, he thinks there are still stocks that show strength that could continue to appreciate "because all the money flows into fewer and ...

Marc Faber Is Glad He Owned Stocks, Even As He Warned Everyone Of Stock ... - Business Insider,2005:cluster=, 02 Jun 2013 17:06:05 GMT

Marc Faber Is Glad He Owned Stocks, Even As He Warned Everyone Of Stock ...
Business Insider
"People with assets are all doomed, because prices are grossly inflated globally for stocks, bonds, and collectibles," says the investment advisor in a new interview published in this week's Barron's. But Faber is the first to admit that at least the ...

and more »
Marc Faber notes liquidity squeeze depressing stocks but still buying gold - Gold Seek,2005:cluster=, 20 Jun 2013 13:30:25 GMT

Marc Faber notes liquidity squeeze depressing stocks but still buying gold
Gold Seek
Famously contrarian in his approach, Dr. Faber is usually out of step with Wall Street but has an excellent reputation for calling the major market turns. He does not say he is shorting equities, though he notes emerging market equities and currencies ...

Cheerful Thoughts from Marc Faber - BullionVault,2005:cluster=, 04 Jun 2013 20:10:21 GMT

Cheerful Thoughts from Marc Faber
SWISS-BORN Marc Faber, who at age 24 earned his PhD. in economics magna cum laude from the University of Zurich, has lived in Hong Kong nearly 40 years. He worked in New York, Zurich and Hong Kong for White Weld & Co., an investment bank ...

and more »
Google News