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Chalanachithram.com DB » TF Industry related » Archive through November 24, 2010 » Will North Korea's Artillery blast the Global Economy? « Previous Next »

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Ashton
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Username: Ashton

Post Number: 9373
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Posted on Wednesday, November 24, 2010 - 10:09 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

China Is ‘Worried’ About Korean Tension, Foreign Ministry Says

http://www.bloomberg.com/news/2010-11-24/china-is-worried-ab out-korean-tension-foreign-ministry-says.html
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Ashton
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Posted on Wednesday, November 24, 2010 - 10:08 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

reports: flights from South Korea fully booked
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Ashton
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Posted on Wednesday, November 24, 2010 - 10:07 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

South Korea beefing up force on the five northernmost islands in the Yellow Sea
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Ashton
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Posted on Wednesday, November 24, 2010 - 10:06 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

North Korea says region is on 'brink of war'


http://www.msnbc.msn.com/id/40349704/ns/world_news-asiapacif ic/
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Film_fan
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Posted on Wednesday, November 24, 2010 - 09:44 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

It's not going to be pretty.
--

i agree that none of these develeopments are pretty.....

but no one can afford to make it any messier antunnaa anthey.....not at this time.....

they will show what they are capable of by a display or march past......but that's how far they would go....
We are what we repeatedly do. Excellence, then, is not an act, but a habit.
-- Aristotle
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Ashton
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Posted on Wednesday, November 24, 2010 - 09:41 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Film_fan:




Never forget that NK is a China (and by stealth, Japan) proxy. Russia plays along, too, but their interests are slightly different. One of their goals is to eject the US from Asia, just like they did with the European colonial powers of the past. They have the advantage because, when it comes down to it, it's a racial/ethnic/cultural war where they have more unity and commonality than the fragmented, multi-racial banana republic of the USA. It's not going to be pretty.
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Film_fan
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Posted on Wednesday, November 24, 2010 - 09:36 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Demonstrates strength of alliance
--

as it says....its only a deterrent.....or show of strength......which we should expect USA to do at this point of time....

getting them into action is one rare event......
We are what we repeatedly do. Excellence, then, is not an act, but a habit.
-- Aristotle
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Ashton
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Post Number: 9365
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Posted on Wednesday, November 24, 2010 - 09:34 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Film_fan:




http://www.jpost.com/International/Article.aspx?ID=196559&R= R1

US Aircraft Heads To Korean Peninsula

Exercises were planned before exchange of artillery fire between North and South Korea; US: "Demonstrates strength of alliance"

The USS George Washington, an aircraft carrier carrying 75 warplanes and a crew of over 6,000, shipped out towards Korean waters on Wednesday, Reuters reported.

According to US officials in Seoul, the carrier left Japan and was expected to join naval exercises with South Korea next week, the report said.
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Film_fan
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Username: Film_fan

Post Number: 15256
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Posted on Wednesday, November 24, 2010 - 09:30 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

inko major attack ayite America,Japan and S.korea will attack N.Korea...
--

antha scene ledhu anukunta.....with N korea.....it is not like cigar hussain.....tholu valichi chetilo pedtharu....US cannot afford at this stage to get into a conflict......south ki yemundi bocchu......if they do fight...ofcourse with US help.....

direct involvement undadhu....

and russian saruku avasaram ledhu.....they have their own stuff......ofcourse cant rule out weapons from others....

my take...US wouldnt get involved until it escalates....into a full war......and even n korea cannot afford that....

for the time being.....everyone would prefer....not fingering N korea for sure...
We are what we repeatedly do. Excellence, then, is not an act, but a habit.
-- Aristotle
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Ashton
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Username: Ashton

Post Number: 9364
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Posted on Wednesday, November 24, 2010 - 09:26 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Film_fan:

challa paddaru anukunta....

back channell dealings set ayyi untayi.....

meeru ala kopam theccukokandi Rao garu ani speearu anukunta....evaro pedda manishi...




morning 2 S.Korean civilians meeda attack chesaru N.Korea.....America & Japan requested S.Korea to calm down despite multiple attacks...

inko major attack ayite America,Japan and S.korea will attack N.Korea...
But N.Korea daggara Russian Nuclear missiles vunnayi which will result in global disaster.
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Film_fan
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Username: Film_fan

Post Number: 15255
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Posted on Wednesday, November 24, 2010 - 09:18 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

challa paddaru anukunta....

back channell dealings set ayyi untayi.....

meeru ala kopam theccukokandi Rao garu ani speearu anukunta....evaro pedda manishi...
We are what we repeatedly do. Excellence, then, is not an act, but a habit.
-- Aristotle
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Ashton
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Username: Ashton

Post Number: 9363
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Posted on Wednesday, November 24, 2010 - 09:15 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Here we are again in another round of belligerent and stupefying behavior by those wacky North Koreans. On Tuesday, North Korea suddenly shelled a South Korean island along a disputed border, setting buildings ablaze and prompting South Korean forces to fire back. The exchange came just days after the world discovered that North Korea has a new, modern facility to enrich uranium that could expand Pyongyang's nuclear capability.

What does all this mean for the fragile world economy? North Korea's dangerous behavior comes at a terrible time, just as global markets are already jittery about Europe's woes after Ireland sought a bailout for its debt-plagued economy over the weekend. Traders and analysts are already predicting North Korea's actions will only make investors more risk averse, likely leading to a strengthening dollar (still seen as a safe haven) and weakening stocks around the world. And with Asia acting as the engine of world growth, anything that undermines Asia's outlook would be a big, big problem for the global rebound from the Great Recession.


But I wouldn't get too worked up about the potential economic fallout from rising tensions on the Korean peninsula. Kim Jong Il's unpredictability and continued willingness to use lethal force for unknown ends might shake up markets a bit but is unlikely, in my opinion, to have any greater negative impact.


Or at least that's what history tells us. South Korea's economy has been one of the world's best performers over the past 50 years, with North Korea hurling threats (and occasionally something more deadly) throughout that entire growth story. In recent times as well, rising tensions produce little more than short-term market volatility. In March, North Korea sank a South Korean naval vessel, but there was no medium or long-term damage done to either the economy of South Korea or the wider East Asian region. The prospects for the South Korean economy continue to be so strong I can't see Pyongyang derailing them. We can say the same about the entire Asia region. In my opinion, the geopolitical risk to investors from North Korea has always been way overblown.


This analysis is based on the assumption that Tuesday's exchange of artillery fire won't lead to a full-on war between the two Koreas. We'll have to see how things play out over the next few days, but Seoul has little incentive to turn North Korean provocations into all-out shooting wars. As my colleague Bill Powell smartly pointed out, South Korea has far too much at stake to allow Kim Jong Il to draw the country into a war that would truly undercut its economic prospects. That's frustrating for the government in Seoul, but unlikely to change due to today's events.


So in the end, the only real victim of North Korea's belligerence is – North Korea. By continuing to live in a Cold War that everyone else has forgotten, Pyongyang traps its economy in the Dark Ages and its hungry people in destitution. That's bad for the North Koreans, but sadly matters little to a roaring Asia economy.


Read more: http://curiouscapitalist.blogs.time.com/2010/11/23/will-nort h-korea%e2%80%99s-artillery-blast-the-global-economy/#ixzz16 D2VK6NZ

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