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Socket Mobile director Charlie Bass acquires $7,383 in stockSEOUL, South Korea -- South Korea's embattled President Yoon Suk Yeol avoided an opposition-led attempt to impeach him over his short-lived imposition of martial law, as most ruling party lawmakers boycotted a parliamentary vote Saturday to deny a two-thirds majority needed to suspend his presidential powers. The scrapping of the motion is expected to intensify protests calling for Yoon's ouster and deepen political chaos in South Korea, with a survey suggesting a majority of South Koreans support the president's impeachment. Yoon's martial law declaration drew criticism from his own ruling conservative People Power Party, but the party is also determined to oppose Yoon's impeachment apparently because it fears losing the presidency to liberals. After the motion fell through, members of the main liberal opposition Democratic Party rallied inside the National Assembly, chanting slogans calling for Yoon's impeachment or resignation. The party's floor leader, Park Chan-dae, said it will soon prepare for a new impeachment motion. Opposition parties could submit a new impeachment motion after a new parliamentary session opens next Wednesday. "We'll surely impeach Yoon Suk Yeol, who is the greatest risk to Republic of Korea," party leader Lee Jae-myung said. "We'll surely bring back this country to normal before Christmas Day or year's end." Many experts worry Yoon won't be able to serve out his remaining 2 years in office. They say some PPP lawmakers could eventually join opposition parties' efforts to impeach Yoon if public demands for it grow further. The ruling party risks "further public outrage and national confusion if they don't find a formula fast for Yoon's departure," said Duyeon Kim, a senior analyst at the Center for a New American Security in Washington. PPP chair Han Dong-hun said his party will seek Yoon's "orderly" early exit but didn't say when he can resign. On Saturday, tens of thousands of people packed several blocks of roads leading to the National Assembly, waving banners, shouting slogans and dancing. Protesters also gathered in front of PPP's headquarters near the Assembly, shouting for its lawmakers to vote to impeach Yoon. A smaller crowd of Yoon's supporters, which still seemed to be in the thousands, rallied elsewhere in Seoul, calling the impeachment attempt unconstitutional. Impeaching Yoon required support from 200 of the National Assembly's 300 members. The Democratic Party and five other small opposition parties, which filed the motion, have 192 seats combined. But only three lawmakers from PPP participated in the vote. The motion was scrapped without ballot counting because the number of votes didn't reach 200. National Assembly Speaker Woo Won Shik called the result "very regrettable" and an embarrassing moment for the country's democracy. If Yoon is impeached, his powers will be suspended until the Constitutional Court decides whether to remove him from office. If he is removed, an election to replace him must take place within 60 days. Earlier Saturday, Yoon issued an apology over the martial law decree, saying he won't shirk legal or political responsibility for the declaration and promising not to make another attempt to impose it. He said would leave it to his party to chart a course through the country's political turmoil, "including matters related to my term in office." "The declaration of this martial law was made out of my desperation. But in the course of its implementation, it caused anxiety and inconveniences to the public. I feel very sorry over that and truly apologize to the people who must have been shocked a lot," Yoon said. Since taking office in 2022, Yoon has struggled to push his agenda through an opposition-controlled parliament and grappled with low approval ratings amid scandals involving himself and his wife. In his martial law announcement on Tuesday night, Yoon called parliament a "den of criminals" bogging down state affairs and vowed to eliminate "shameless North Korea followers and anti-state forces." The declaration of martial law was the first of its kind in more than 40 years in South Korea. The turmoil has paralyzed South Korean politics and sparked alarm among key diplomatic partners like the U.S. and Japan. "Yoon's credibility overseas has been undermined by declaring martial law, so he won't be able to exercise leadership in his foreign policies especially when his days are numbered," Kim, the analyst, said. "Its government bureaucracy will need to continue business as usual for existing alliance and foreign policy initiatives as best it can because there is a lot of important work to do globally." Tuesday night saw special forces troops encircling the parliament building and army helicopters hovering over it, but the military withdrew after the National Assembly unanimously voted to overturn the decree, forcing Yoon to lift it before daybreak Wednesday. Eighteen lawmakers from the ruling party voted to reject Yoon's martial law decree along with opposition lawmakers. PPP later decided to oppose Yoon's impeachment motion. Yoon's speech fueled speculation that he and his party may push for a constitutional amendment to shorten his term, instead of accepting impeachment, as a way to ease public anger over the marital law and facilitate Yoon's early exit from office. Lee told reporters that Yoon's speech was "greatly disappointing" and that the only way forward is his immediate resignation or impeachment. His party called Yoon's martial law "unconstitutional, illegal rebellion or coup." Lawmakers on Saturday first voted on a bill appointing a special prosecutor to investigate stock price manipulation allegations surrounding Yoon's wife. On Friday, Han, who criticized Yoon's martial law declaration, said he had received intelligence that during the brief period of martial law Yoon ordered the country's defense counterintelligence commander to arrest unspecified key politicians based on accusations of "anti-state activities." Hong Jang-won, first deputy director of South Korea's spy agency, told lawmakers Friday that Yoon had ordered him to help the defense counterintelligence unit to detain key politicians including Han, Lee and Woo. The Defense Ministry said Friday it suspended three military commanders including the head of the defense counterintelligence unit over their involvement in enforcing martial law. Vice Defense Minister Kim Seon Ho has told parliament that Defense Minister Kim Yong Hyun ordered the deployment of troops to the National Assembly. Opposition parties accused Kim of recommending to Yoon to enforce martial law. Kim Yong Hyun resigned Thursday, and prosecutors imposed an overseas travel ban on him.
Party’s over, let’s get down to business, Soludo urges APGA executivesCadiz, Inc. Clean Water Solutions Logo (PRNewsfoto/Cadiz Inc.) LOS ANGELES , Dec. 24, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today announced that its Board of Directors has declared the following cash dividend on the Company's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"). Holders of Series A Preferred Stock will receive a cash dividend equal to $560.00 per whole share. Holders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend equal to $0.56 per depositary share. The dividend will be paid on January 15, 2025 , to applicable holders of record as of the close of business on January 3, 2025 . About Cadiz, Inc. Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California , 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access. For more information, please visit https://www.cadizinc.com . Safe Harbor Statement This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "anticipates", "expect", "may", "plan", or "will". Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including statements regarding the Company's expectations regarding payments of dividends in the future. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements. These and other risks are identified in our filings with the Securities and Exchange Commission (the "Commission"), including without limitation our Annual Report on Form 10-K for the year ended December 31, 2023 and our Quarterly Reports on Form 10-Q and other filings subsequently made by the Company with the Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise. View original content to download multimedia: https://www.prnewswire.com/news-releases/cadiz-inc-declares-quarterly-dividend-for-q4-2024-on-series-a-cumulative-perpetual-preferred-stock-302339009.html SOURCE Cadiz, Inc.
New Delhi : Prime Minister Narendra Modi on Saturday, November 23, said the latest round of elections has endorsed the message of development and defeated the politics of lies and betrayal propounded by the Congress and its allies. Addressing a gathering at the Bharatiya Janata Party (BJP) headquarters here, Modi said divisive forces, negative politics and dynasticism have been defeated in the Maharashtra election and by-polls in various states. He said the people of Maharashtra have voted for stability and taught a lesson to those who tried to create instability. The prime minister asserted that the message from the Maharashtra election is that of unity and it is also an endorsement of the “ek hai toh safe hai” slogan. Modi also said he bows down before the people of Jharkhand and that the BJP will work more zealously for the development of the state. “‘Ek hai toh safe hai’ has become the ‘maha-mantra’ for the entire nation and it has punished those who wanted to divide the country on caste and religious lines,” he said, adding that all sections of the society have voted for the BJP. “The Congress and its ecosystem had thought that by spreading lies in the name of the Constitution, they could divide the Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBC) into small groups. This is a solid slap on their faces,” he said. “People have made divisive forces bite the dust. The Congress and its allies have failed to grasp the changed realities of the country’s mood,” the prime minister added. He asserted that voters do not want instability and they believe in nation first and do not like those dreaming about “chair first”. The voters in Maharashtra also evaluated Congress based on the false promises made in other states like Karnataka, Telangana and Himachal Pradesh, he added. “Neither their false promises nor their dangerous agenda worked in Maharashtra,” Modi said. The prime minister said the Maharashtra election also shows that only one Constitution will work in India and that was given to the people of the country by B R Ambedkar. The Congress and its allies were again trying to create a wall of Article 370 of the Constitution in Jammu and Kashmir, he said. “I want to say this to the Congress and its allies that no force in the world can bring back Article 370 and insult our Constitution,” Modi said. He said the Congress and its allies were double-faced on various issues, including the Waqf Board.
Peterson had five rebounds for the Buccaneers (5-2). John Buggs III went 6 of 12 from the field (3 for 5 from 3-point range) to add 15 points. Karon Boyd shot 3 for 8 (1 for 3 from 3-point range) and 7 of 10 from the free-throw line to finish with 14 points, while adding seven rebounds. Jaehshon Thomas led the way for the 49ers (3-3) with 13 points. Charlotte also got 13 points from Nik Graves. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .The shocking attempted coup by South Korean President Yoon Suk Yeol caught Koreans and the world by surprise. Even though the country was embroiled in a bitter political divide between progressives and conservatives, the declaration of martial law stunned Koreans and sent shockwaves through Washington and Tokyo. For a few hours, Korea seemed poised on the brink of a potentially violent clash between the armed forces and masses of protesters. The triumph of democratic institutions was rapid and reassuring. The unanimous vote of the National Assembly to overrule the martial law declaration was echoed outside the building by the refusal of civil society, the media, and even the conservative Peoples Power party to bow to threats of repression The celebration of democracy is tempered by the highly uncertain path of the coming months. Yoon is attempting to strike a pose of defiance, hoping he can survive. The National Assembly voted on Saturday evening on impeachment, with demonstrators outside in the streets of Seoul. Ruling party lawmakers walked out on the proceeding, preventing the two-thirds majority vote that would be required to impeach, but the opposition plans to try again. No matter what the outcome, Yoon’s rule is effectively over. An early presidential election will likely lead to the triumph of Democratic party leader Lee Jae-myung, who lost the last contest to Yoon by less than one percent. Many questions remain unanswered, not least why President Yoon took this enormous risk with apparently very little preparation and with the support of only a tiny circle of close allies. How much was the military ready to back Yoon’s insurrection? Why was Washington, which has invested so much in the success of the Yoon government, caught off guard? But what seems clearer is that the replacement of Yoon by the Progressive Democratic Party will bring real change in key areas of South Korean foreign and security policy, beginning with relations with Japan and China, with the United States and with North Korea. Clues to what may be on the progressive agenda were contained in a key paragraph in the impeachment resolution put before the National Assembly. Along with the serious crimes charged against Yoon, most of all an illegal attempt to use the martial law provisions, the resolution offered this indictment of the president’s foreign policy: “In addition, under the guise of so-called ‘value diplomacy,’ Yoon has neglected geopolitical balance, antagonizing North Korea, China, and Russia, adhering to a bizarre Japan-centered foreign policy and appointing Pro-Japan individuals to key government positions, thereby causing isolation in Northeast Asia and triggering a crisis of war, abandoning his duty to protect national security and the people.” Close observers of Korean politics read this as a signal of what progressive foreign policy will look like after Yoon leaves and if Lee Jae-myung becomes President. “Now the opposition party has even more incentive to do a wholesale cleansing of all Yoon policies, including foreign policy,” Benjamin Engel, a visiting professor at Seoul’s Dankook University, told Toyo Keizai Online. “If a normal democratic transition took place we may have seen a somewhat healthier debate on the pros and cons of what Yoon’s foreign policy accomplished and what should be kept or revised. That won’t happen now.” The top of the progressive target list, as the impeachment resolution makes clear, is relations with Japan. The Democratic party has been highly critical of Yoon’s outreach to Japan, arguing that South Korea made repeated concessions to Japan on issues of wartime history such as the forced laborers, without getting much in return. While there is considerable public support for the improvement of relations with Japan, that policy may now be tainted by Yoon’s ignominious downfall. “If the opposition party grasps power, current Korea-Japan relations will go through a very rough time, as well as Korea-US relations,” predicts a former senior South Korean official who remains very engaged in Japan policy. In particular, the progress made in building trilateral security cooperation between Japan, Korea and the US “will no longer be viable.” Influential figures in the opposition Democratic Party who have been involved with Japan for a long time insist that relations can still develop positively, but emphasize the need to get Korean public support and for Japan to be more forthcoming. “The administration’s unilateral foreign policy approach has failed to build political momentum,” National Assembly member Wi Sung-lac, a former diplomat and close foreign policy advisor to former presidential candidate Lee, told this writer. “Public sentiment remains negative, especially on historical issues like Japan’s refusal to apologize and its denial of forced labor.” Wi pledged that if the Democrats return to power, the “stance that Korea-Japan cooperation is necessary will remain unchanged.” But he added, “the pace of progress will depend on Japan’s response. If Japan responds constructively, there is significant potential for improving bilateral relations, though the speed and intensity of that improvement will vary.” The potential shift in government in Seoul poses a challenge to the government of Prime Minister Shigeru Ishiba. The prime minister had been gearing up for a visit to South Korea in January, part of preparations to commemorate the 60th anniversary of the establishment of diplomatic relations. Ishiba is himself an advocate of close relations with Korea and has been more willing to confront the issues of Japan’s wartime and colonial past. At the least, this effort will have to deal with months of political uncertainty. At worst, a progressive government will come to power and want to slow down the pace of Korea-Japan ties. And that may be compounded by the return of Donald Trump, who does not share the Biden administration’s commitment to creating more durable trilateral cooperation. “Now, the Japanese government must prepare for a perfect storm,” says Tobias Harris, the head of the Japan Foresight consulting firm. “Yoon will be either severely constrained or removed entirely; the swing to the left feared in Tokyo could happen in 2025 instead of 2027; and Japan will face a US president who not only is skeptical of US alliance commitments but prefers bilateral to multilateral negotiations and has evinced little interest in strengthening trilateral cooperation.” As the impeachment resolution indicates, progressives have also been critical of US attempts to pull Korea into a defacto China containment strategy. If Trump pushes hard in this direction, and makes demands on the alliance such as higher defense cost sharing, he may meet some resistance. “But the alliance with the US is so popular in South Korea, I don’t see Lee or another progressive trying to undermine it,” says Engels. “The major impetus for that will come from Trump” Lee, Engels says, “will be more neutral, I think, in US-China competition. But even liberals have a limit in how close to China they can move. South Korean public opinion will be against it.” One potential area of convergence between Trump and a progressive administration may be an attempt to resume diplomatic engagement with Kim Jong Un and North Korea. The progressive government of Moon Jae-in was a partner to Trump’s first-administration efforts to reach a deal with Kim. Whether the North Koreans will be interested in resuming this effort, even with a change of party in Seoul, is far from clear. “Their current line is that the South is the enemy nation no matter who is in charge,” Fyodor Tertitskiy, an expert on North Korea and a Lecturer at Korea University, told Toyo Keizai Online. “The previous left administration failed to deliver anything substantial for them – so it seems they (or, rather, Kim personally) have lost any hope in South Korea. Having said that, I think they would definitely prefer the Democrats to People’s Power, since at least the left would be far less aggressive, and maybe even deferential in their policy towards Pyongyang.” Indeed, Yoon has led a sharply anti-Communist turn in South Korea. In his martial law declaration, he claimed to be acting to counter pro-North Korean forces who sought to seize control of the South Korean government. Such views have been circulating for the last few years in ultra-conservative circles that saw Yoon as their savior. But Yoon’s attempt to point the finger at Communists “will backfire and undermine his leadership,” says the former senior official. For now, Yoon clings to power in Seoul. The former senior official describes him as having “a seige mentality because of recent all-out political attacks against him and his wife from the opposition party and even from within his own ruling party.” Yoon’s desperation, sadly, may end up destroying one of the most significant achievements of his troubled time in office, the restoration of relations with Japan and the beginnings of serious cooperation.Insurance as share of GDP shrinks to 3.7%