Korean crisis in abeyance - now let's hope Trump goes easy with the tariffs, says ALEX BRUMMER By ALEX BRUMMER FOR THE DAILY MAIL Updated: 22:00 GMT, 4 December 2024 e-mail View comments South Korea is often cited by the World Bank as a poster child for economic development. Since the Korean war ended in 1953 it has advanced rapidly from an underdeveloped nation to the Western ‘premier league’. It is Asia’s fourth-largest economy, the 12th largest in the world with output of £1.5trillion (half the UK’s), and part of an economic and cultural elite which has given us Samsung, the Gangnam craze, Squid Game and Spurs footballer Son Heung-Min. On a trip to Seoul some years ago for an International Monetary Fund meeting, the protests against visiting bankers were among the most elegant I’ve witnessed. Well-organised protesters in white judo-style costumes jogged through the city in neat crocodile style. It came as a shock when directly elected president Yoon Suk Yeol suddenly declared martial law on Monday, sparking street protests and opposition in the legislature. Yoon now faces impeachment. Some might see echoes of events in Washington on January 6, 2020, when defeated US president Donald Trump gave succour to followers who invaded the US Capitol seeking to annul the election. Demonstration: Protesters demanding for the resignation of South Korean president Yoon Suk Yeol gather outside the National Assembly Building, in Seoul Global economic decision makers are always on alert for the next disruption hard on the heels of the great financial crisis, Covid and Russia’s war on Ukraine. No one predicted it would come from South Korea. The trigger was a stand-off over a budget which would have increased funding to Yoon’s office, the police and other public bodies. Yoon sought to blame North Korean influencers in the legislature for the need to restore order. For a few hours markets wobbled. The South Korean currency, the won, tumbled to a two-year low. A bid by a private equity behemoth for HD Marine Solution was pulled. Korean stocks plunged. South Korea lives by exports. This writer is a user of a Samsung TV, mobile phone and watch. Seoul is vulnerable to Trump-era tariffs. Citibank estimates that the tariffs will lower output from 1.8 per cent to 1.6 per cent in 2025. RELATED ARTICLES Previous 1 Next Boost for FTSE as investors pile into UK shares: But £317m... Police investigating reports that Boohoo bosses were stalked... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account One suspects that, given South Korea’s exposure to authoritarian crazies in North Korea, even Trump might go easy. Hopefully, this is a catastrophe averted. Mind the gap Closer to home, our new Transport Secretary Heidi Alexander has been celebrating the renationalisation of South Western Railway, saying we can look forward to better service and lower fares. How, is less clear. She argues axing the management fees paid by Government to the rail firms will help. Maybe, but the Government will need to employ new managers. Neither Network Rail nor Transport for London are known for frugal pay. Similarly, Alexander cited industrial peace by settling with the unions. But that is likely to lead to higher fares given that the big giveaway lacked any productivity requirement. If real improvements are to be made then it will mean modernisation. That requires money. When it comes to the next public spending round in June rail will compete with the NHS, education, social care and much else. Commuters will be low on the priority list. DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: Korean crisis in abeyance - now let's hope Trump goes easy with the tariffs, says ALEX BRUMMER e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.Friend of Quebec man killed in Florida boat explosion says his sister also injured
COLUMBUS, Ohio — Ohio State athletic director Ross Bjork said Thursday that he is "absolutely" confident that Ryan Day will be back as football coach in 2025. Calls to fire the sixth-year coach rose among Ohio State fans after the Buckeyes lost to Michigan for the fourth straight year. Bjork, in an interview on 97.1 The Fan, said Day is the man for the job, regardless of how the Buckeyes perform in the College Football Playoff. They host Tennessee in a first-round game Dec. 21. "Coach Day is awesome," said Bjork, who came from Texas A&M to replace the retiring Gene Smith last summer. "He's great to work with. He totally gets it. He loves being a Buckeye. So, we're going to support him at the highest level." The 13-10 loss to Michigan followed by an ugly melee between the teams put the coach in a precarious spot. He and his team were booed off the field by the home fans. Bjork ended up releasing a statement expressing his support for the coach. "The reason we had to say something after (the Michigan) game is, we're still breathing, we're still alive," Bjork said. "The season's not over. The book is not closed." Thanks to the playoff, Day has a chance to redeem himself with Ohio State's huge fanbase with a win against the Volunteers — and perhaps more in the 12-team tournament. Regardless of what happens, Day will be back next year, according to Bjork. "Coach Day and I just hit it off so well," Bjork said. "I've been really, really impressed. Every single time I talked to him, I learn something. He's innovative. He recruits at the highest level. He's got a great staff." Day wouldn't directly address his job status last weekend. "When you first come off those types of things, there's a lot of emotion," he said, referring to the Michigan loss. "And then as time goes on, you've got to get refocused because you know what you've done in the past does not affect what's going on moving forward. Everything is out in front of us." Failing to consistently beat Michigan is one of the few flaws in Day's coaching record. Hired as a member of coach Urban Meyer's staff in 2017, Day was the hand-picked successor when Meyer retired after the 2018 season. Compiling an overall 66-10 record, he is widely admired in the coaching community. "Great respect for what he's done in his coaching career, what he's done there at Ohio State and the success that they've had year-in and year-out," Tennessee coach Josh Heupel said. Day is in trouble now because losing The Game is considered an unforgiveable sin by Buckeyes fans. "What we have to do is this whole 'championship or bust' mentality, you want that as the goal, but it has to be about the process," Bjork said. "To me, we've got to maybe change some conversations a little bit. I think we need to maybe just approach things a little bit differently." Be the first to know Get local news delivered to your inbox!
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Amritsar: Recent violent incidents in Amritsar, including attacks on political figures and explosions near police stations, have raised concerns among security experts about potential unrest in Punjab. On Nov 24, police seized a suspicious bomb-like object outside Ajnala police station. It was followed by a bomb blast at an abandoned police post in Gurbaksh Nagar on Nov 29. This was followed by Wednesday’s attack on SAD leader Sukhbir Singh Badal . Just 13 hours later, a suspected explosion took place at the holy city’s Majithia police post. Amritsar and Tarn Taran had remained the epicentre of militancy during the 1980s and 1990s. “Is this not the commencement of something grave, perhaps even militancy? How else do militants operate? They have started functioning in a manner similar to the early 1980s, beginning with the murder of Lala Jagat Narayan on Sep 9, 1981,” said a retired police officer, who served across Punjab during the days of militancy. The failure of law and order in the border city of Amritsar, coupled with indifferent police and security agencies, posed a substantial risk to the state’s security, he said. “If authorities continue to neglect their responsibilities and are not decisive, consequences could be severe,” he added. He said the attacks on a police post and police station suggested a calculated attempt to undermine law enforcement and create an atmosphere of fear and instability. He said with a weakened SAD, traditional panthic (Sikh) segment of Punjab’s population was finding itself lacking a formidable leader, such as late Parkash Singh Badal or Gurcharan Singh Tohra. “Sukhbir has not been able to fill this leadership vacuum. On the other hand, SAD itself is not only weak, but also a divided house. This lack of cohesive leadership is paving the way for anti-national Khalistani elements to re-emerge,” he observed. According to panthic observers, Akalis have positioned themselves as defenders of Punjab’s interests, particularly in context of managing Sikh identity and autonomy. The surge in violence plays into this narrative, as the party might seek to project itself as the sole party capable of controlling the influence of anti-national elements in Punjab. We also published the following articles recently Man opens fire at SAD leader Sukhbir Singh Badal at Golden Temple in Amritsar A man fired shots at Shiromani Akali Dal leader Sukhbir Singh Badal at the Golden Temple entrance in Amritsar. Badal, performing seva due to a religious punishment, escaped unharmed. Police swiftly apprehended the shooter, Narayan Singh Chaura, but the motive remains unclear. 'Wash utensils, clean bathrooms': Why Sikh high priests have punished SAD leader Sukhbir Singh Badal Sukhbir Singh Badal, former Punjab deputy CM, performed public penance at the Golden Temple after being declared guilty of religious misconduct. He carried a spear and wore a placard displaying Gurbani verses. The punishment, pronounced by Sikh high priests, relates to decisions made during SAD's rule from 2007-2017, including the handling of sacrilege incidents and pardoning Gurmeet Ram Rahim Singh. Attack on former Punjab deputy CM Sukhbir Singh Badal shows rise of radical fringe A pro-Khalistan extremist attempted to assassinate Shiromani Akali Dal chief Sukhbir Singh Badal outside the Golden Temple. An alert police officer and a volunteer thwarted the attack, pushing the gunman's hand as he fired. Badal was unharmed. The incident highlights rising radical extremism within the Sikh diaspora, fueled by online propaganda and support from Pakistan-based terrorist groups. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
Elon Musk Accuses Jeff Bezos Of Manipulating Stocks: Here’s How The Amazon Founder RespondedAmritsar: Recent violent incidents in Amritsar, including attacks on political figures and explosions near police stations, have raised concerns among security experts about potential unrest in Punjab. On Nov 24, police seized a suspicious bomb-like object outside Ajnala police station. It was followed by a bomb blast at an abandoned police post in Gurbaksh Nagar on Nov 29. This was followed by Wednesday’s attack on SAD leader Sukhbir Singh Badal . Just 13 hours later, a suspected explosion took place at the holy city’s Majithia police post. Amritsar and Tarn Taran had remained the epicentre of militancy during the 1980s and 1990s. “Is this not the commencement of something grave, perhaps even militancy? How else do militants operate? They have started functioning in a manner similar to the early 1980s, beginning with the murder of Lala Jagat Narayan on Sep 9, 1981,” said a retired police officer, who served across Punjab during the days of militancy. The failure of law and order in the border city of Amritsar, coupled with indifferent police and security agencies, posed a substantial risk to the state’s security, he said. “If authorities continue to neglect their responsibilities and are not decisive, consequences could be severe,” he added. He said the attacks on a police post and police station suggested a calculated attempt to undermine law enforcement and create an atmosphere of fear and instability. He said with a weakened SAD, traditional panthic (Sikh) segment of Punjab’s population was finding itself lacking a formidable leader, such as late Parkash Singh Badal or Gurcharan Singh Tohra. “Sukhbir has not been able to fill this leadership vacuum. On the other hand, SAD itself is not only weak, but also a divided house. This lack of cohesive leadership is paving the way for anti-national Khalistani elements to re-emerge,” he observed. According to panthic observers, Akalis have positioned themselves as defenders of Punjab’s interests, particularly in context of managing Sikh identity and autonomy. The surge in violence plays into this narrative, as the party might seek to project itself as the sole party capable of controlling the influence of anti-national elements in Punjab. We also published the following articles recently Man opens fire at SAD leader Sukhbir Singh Badal at Golden Temple in Amritsar A man fired shots at Shiromani Akali Dal leader Sukhbir Singh Badal at the Golden Temple entrance in Amritsar. Badal, performing seva due to a religious punishment, escaped unharmed. Police swiftly apprehended the shooter, Narayan Singh Chaura, but the motive remains unclear. 'Wash utensils, clean bathrooms': Why Sikh high priests have punished SAD leader Sukhbir Singh Badal Sukhbir Singh Badal, former Punjab deputy CM, performed public penance at the Golden Temple after being declared guilty of religious misconduct. He carried a spear and wore a placard displaying Gurbani verses. The punishment, pronounced by Sikh high priests, relates to decisions made during SAD's rule from 2007-2017, including the handling of sacrilege incidents and pardoning Gurmeet Ram Rahim Singh. Attack on former Punjab deputy CM Sukhbir Singh Badal shows rise of radical fringe A pro-Khalistan extremist attempted to assassinate Shiromani Akali Dal chief Sukhbir Singh Badal outside the Golden Temple. An alert police officer and a volunteer thwarted the attack, pushing the gunman's hand as he fired. Badal was unharmed. The incident highlights rising radical extremism within the Sikh diaspora, fueled by online propaganda and support from Pakistan-based terrorist groups. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .ARC Group Worldwide (OTCMKTS:ARCW) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened