REPUBLICAN presidential nominee, former US President Donald Trump and Democratic presidential nominee, US Vice-President Kamala Harris shake hands as they arrive at their podiums to attend a presidential debate hosted by ABC in Philadelphia, Pennsylvania, US, Sept. 10, 2024. — REUTERS
WASHINGTON — US adversaries are preparing to stoke uncertainty about the validity of the Nov. 5 presidential election results after polls close, anticipating a contested vote, a senior US intelligence official said on Monday.
In a briefing to reporters on the election influence activities of Russia, China, Iran and Cuba, U.S. intelligence officials said “foreign influence actors” would likely work to sow doubt about the results.
Russia and Iran have already sought to sway U.S. voters during this year’s presidential campaign while China has sought to influence several down-ballot races, including congressional campaigns, according to U.S. intelligence agencies.
Foreign actors would likely seek to use the uncertainty of a contested election to undermine trust in the integrity of the election and election processes and exacerbate divisions among Americans, according to the US intelligence official.
Russia sought to encourage the U.S. public to oppose pro-Ukrainian policies, while actors linked to China’s government were focused on “tens” of down-ballot races.
The U.S. intelligence official said Beijing is seeking to influence congressional races with candidates regardless of their party affiliation, perceived by Beijing to threaten its core interests, especially in relation to Taiwan. The official did not provide an assessment of what impact the efforts might have.
China’s embassy in Washington did not immediately respond to comment. China’s government denies interference in US elections and calls such claims “malicious speculation.”
US support for Taiwan, the democratic island Beijing claims as its territory, is a longstanding source of friction in US-China relations.
The intelligence community had not yet observed Iran seeking to influence state or congressional races, but did assess its aim was to push voters toward supporting Vice President Kamala Harris, the Democratic Party’s presidential candidate. That view had not changed since September, when US officials also said Russia sought to denigrate Harris in favor of Mr. Trump.
Countries would seek to “launder their narratives” through witting and unwitting American voices and stoke divisions in society on issues such as immigration, abortion, gender rights, the official said.
Cuba was also likely targeting Latino and Spanish-speaking voters on social media with an aim to promote candidates it thought would be favorable to its interests.
Intelligence officials said they had delivered three times the number of “defensive briefings” to candidates, campaigns and election officials about influence operations compared to prior election cycles, including on efforts by Russia, China and Iran.
But they said U.S. voting systems and election workers were the most prepared they’ve ever been.
An official with the Cybersecurity and Infrastructure Security Agency said the U.S. has election infrastructure that is “more secure than any prior election cycle, and we do believe the election community is more prepared for the incidents that may arise than any prior cycle.” — Reuters
VATICAN CITY — When Pope Francis appoints new Catholic cardinals, as he did on Sunday, the move is often described as the pontiff pushing to influence the group that one day will select his successor.
But while Francis, 87, has now named some 80% of the prelates who will choose the next pope, those who study the church say his choices — often of low-profile churchmen from distant countries, many of whom barely know each other — are not meant to smooth the way for a preferred heir.
“The idea that the pope is capable of influencing his successor is not real,” said Alberto Melloni, a church historian at the University of Modena-Reggio Emilia. “It is not even his agenda.”
Geographic diversity is important to Francis, an Argentinian born an ocean away from Rome. Among new cardinals that Francis has named over his 11 years as pope, some two dozen have been the first ever chosen from their home countries, which include Haiti, Myanmar, the Central African Republic and Mongolia.
The 21 new cardinals announced on Sunday hail from countries including Argentina, Brazil, Chile, Peru, Ecuador, Italy, Britain, Serbia, Japan, Indonesia, Canada, Ivory Coast and Algeria. One is a Belgian friar serving as archbishop of Tehran-Isfahan in Iran. Another is a Ukrainian Greek Catholic ministering in Australia.
“It’s more about geography than about theology,” said Massimo Faggioli, a professor at Villanova University in Philadelphia who has chronicled the Francis papacy. “It’s generally about giving voice to those who are in the peripheries… more than a particular vision of the Church.”
VEERING FROM TRADITION Church watchers are sometimes surprised by the pope’s picks of figures who are often little known in Rome or lead relatively small Catholic flocks.
He has also veered from tradition that bishops of historically important cities automatically become cardinals. In the US, for example, he has made the bishop of San Diego a cardinal, but not the archbishop of Los Angeles. In Italy, the archbishop of Bologna but not the archbishop of Milan.
“The message is: ‘I have abolished the right of any diocese to have a cardinal as archbishop,’” said Mr. Melloni.
Often the choices appear to be influenced by Francis’ preference for what he has called a Church that is “bruised, hurting and dirty because it has been out on the streets.”
In 2019, one of Francis’ picks, Cardinal Konrad Krajewski, attracted the ire of Italian politicians by climbing down a manhole in Rome to restore electricity to hundreds of homeless people living in an occupied building.
At the pope’s death or resignation, cardinals enter into a secret conclave, where those under the age of 80 vote on the next pope. At least 67 countries now have cardinals who can vote in a conclave, according to Vatican statistics, compared to fewer than 50 countries when Francis was elected in 2013.
Unlike previous popes, Francis has only rarely called the entire College of Cardinals to Rome for consultation. This, coupled with their geographic spread across the globe, means they are often little known to each other. Many have never met face to face.
“The fact that Francis generally avoids convening cardinals in Rome limits the amount of pre-conclave manoeuvring,” said John Thavis, a former Rome bureau chief for the Catholic News Service who has reported extensively on three papacies.
“The pope’s biggest influence on a future conclave will be in broadening participation and making the election of a pope a more global event.” — Reuters
MOSCOW — Russia said on Tuesday that it still had an emergency hotline with the United States and the North Atlantic Treaty Organization (NATO) military alliance to deflate crises as nuclear risks rise amid the gravest confrontation between Moscow and West since the depths of the Cold War.
The 2-1/2-year-old Ukraine war is entering what Russian officials say is its most dangerous phase as Russian forces advance and the US ponders allowing Kyiv to strike deep into Russia with Western missiles.
President Vladimir Putin said on Sept. 12 that Western approval for such a step would mean “the direct involvement of NATO countries, the United States and European countries in the war in Ukraine”.
Russian Deputy Foreign Minister Alexander Grushko, who oversees relations with Europe and NATO, told the state RIA news agency that Moscow perceives the military alliance to be increasing the role of nuclear weapons in its strategy.
Russia, Grushko said, was updating its nuclear doctrine to send a signal “so that our opponents have no illusions about our readiness to ensure the security of the Russian Federation with all available means.”
Mr. Putin is changing Russia’s nuclear doctrine to give Russia a slightly lower threshold for using such weapons in response to an attack with conventional weapons.
The United States casts China as its biggest competitor and Russia as its biggest nation-state threat, while US President Joseph R. Biden argues that this century will be defined by an existential contest between democracies and autocracies.
A so-called hotline between Moscow and Washington was established in 1963 to reduce the misperceptions that stoked the Cuban Missile Crisis of 1962 by allowing direct communication between the US and Russian leaders.
The US-Russian hotline, now a secure computer communication system, has been used during major crises such as the Six Day War of 1967, the Soviet invasion of Afghanistan in 1979, the 9/11 attacks of 2001 and after the US invasion of Iraq in 2003.
In addition to the leaders’ hotline, there are also nuclear hotlines between the Pentagon and the Russian Defense ministry that were created during the Cold War to reduce the risk of nuclear war.
After Mr.Putin ordered thousands of Russian troops into Ukraine in February 2022, an additional, so-called “deconfliction” line was established between the Russian and US militaries to prevent the war escalating into a US-Russian war.
Defense Minster Andrei Belousov contacted US Defense Secretary Lloyd Austin in July about suspicions of a Ukrainian plot to attack Russia. The New York Times reported that Austin had taken a call from Belousov, on July 12 about a covert Ukrainian operation planned against Russia that Moscow believed had the blessing of the United States.
There is also a Russia-NATO hotline, established in 2013, to reduce misunderstandings in crisis situations. — Reuters
The Department of Information and Communications Technology (DICT), in collaboration with the Provincial Government of Bataan, recently hosted the 2nd Global Blockchain Congress in Balanga City, Bataan Province.
Global Blockchain Congress 2024 is part of a three-year initiative aimed at promoting blockchain technology and innovation in the Philippines. Key partners in the event include the Blockchain Council of the Philippines (BCP) and Philippine Blockchain Technologies, Inc (PBTI), a group of cross-industry experts dedicated to accelerating blockchain adoption in the Philippines and establishing the country as a blockchain hub in SEA through their flagship events, Philippine Blockchain Week (PBWx) and its roadshow spin-off, the PBWx series.
Emmy Lou Delfin-Verzosa, DICT/IIDB Regional Director
Global Blockchain Congress 2024 featured renowned thought leaders and industry experts from the Philippines and key markets, including United Arab Emirates (UAE), Singapore, Malaysia, Australia, Korea, USA, UK and Germany, all adding global perspective to this important and influential event.
Bataan Governor Jose Enrique “Joet” Garcia III delivered the keynote address highlighting his province’s technological and economic progress attributing its growth to strategic investments in the Freeport Zone and the province’s investment in digital innovation, among others.
From L-R: Blockchain Council of the Philippines (BCP) Founding President Donald Lim, Gov Joet Garcia, Philippine Blockchain Week (PBW) Co- Founder Janelle Barretto, BCP Vice President and PBW co-founder Chezka Gonzales, Atty Tony Roman, Bataan Provincial Legislator
Governor Garcia emphasized Bataan’s commitment to becoming a hub for technological innovation, proven by being named DICT’s choice venue for the Global Blockchain Congress series. Said Governor Garcia, “This event signifies an important milestone in the growth and power of blockchain technology. Bataan is a province with rich history and vision for the future, positioning as a hub for digital innovation.”
Part of Governor Garcia’s keynote showed the province’s Bataeño Pass that allows students and government employees in the system to efficiently record attendance, access to facilities, voucher system and supplies distributions, even as a health and wellness tracker.
A Governor’s Gala was also hosted by Governor Garcia to further validate their support for advancing blockchain initiatives not only for Bataan, but the entire Philippines.
From L-R: Bataan ICT Council President BJ Banzon, Gov Joet Garcia, Blockchain Council Board Ida Tiongson and IBPAP President Jack Madrid
Representing the DICT, Emmy Lou Delfin, Regional Director of the ICT Industry Development Bureau (IIDB), presented the Philippines’ commitment to becoming a global blockchain hub with key initiatives including the creation of blockchain ecosystems, Digital Cities Program, the Startup Development Plan, and Blockchain 101 training for students, among others. The network of initiatives is focused on fostering digital entrepreneurship, creating jobs for the countryside, and integrating blockchain solutions across various sectors.
“The programs that DICT are implementing (aim) to stimulate growth of emerging technologies in the Philippines. The goal is to be able to develop an ecosystem (of) the blockchain industry, doing the advocacy of upskilling (talents) to make sure the Philippines will continuously develop to become a global hub,” shared Director Delfin.
Dr. Donald Lim, Founding President of the Blockchain Council of the Philippines, and a prominent business leader shared best-case studies from various sectors including resort and leisure, airline, local government units (LGUs), advocacy, art and culture, and supply chain logistics. Mr. Lim encouraged companies to embrace technology, positioning it as an essential part of their mission and vision. Mr. Lim also underscored the significance of government support in accelerating the adoption of Web3 technologies in the Philippines, particularly in blockchain, AI, and fintech sectors.
Encouraging businesses to change perspective, Mr. Lim is still surprised when CEOs delegate technology decisions to the tech department. Said Mr. Lim, “I’m not a telco. I am a tech company. Companies should really maximize technology to give them the right competitive advantage.”
The Philippines is actively embracing blockchain technology. The Bangko Sentral ng Pilipinas (BSP) and Securities and Exchange Commission (SEC) are open to its adoption. Blockchain is being explored for various industries like agriculture, food safety and quality control, as well as loyalty programs and advocacies.
A progressive addition to the discussion, Jack Madrid, President and CEO of the IT and Business Process Association of the Philippines (IBPAP), presented a roadmap for IT, business processing, and allied technologies including animation, health, software and gaming app creation, etc. Mr. Madrid discussed ongoing collaborations with the Department of Trade and Industry (DTI) to align with technology demands in the job market, focusing on youth and labor force upskilling.
According to Mr. Madrid, the industry faces a talent supply issue with only 10% of job applicants meeting required skills. Madrid also stressed the need for communications skills, especially English proficiency, and, in line with the event, the importance of adapting to emerging technologies like AI and blockchain.
Venom Technology, Ltd. showed support for the Global Blockchain Congress and for future PBW events. The cutting-edge layer-0 and layer-1 network recently sealed a historic agreement with the Philippine government to digitize billions of accountable forms using its advanced blockchain technology.
Venom will also headline the upcoming FutureProof Tech Summit on Oct. 10-11 at Podium Hall, Mandaluyong City.
Other sponsors include Suzuverse as the Gold Sponsor, DTaka and Dito Telecommunity as Silver Sponsors, with Media Partners BitDigest, GMA News Online, Newswatch Plus and PhilStar Media Group.
For more information about Philippine Blockchain Week and PBWx events, including Futureproof Tech Summit, please visit www.pbw.ph or email info@pbw.ph.
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LONDON – Nike’s ongoing struggles are giving Adidas a chance to keep taking market share from its larger U.S. rival, but the German brand will have to work harder to keep shoppers interested in its key Samba and Gazelle terrace sneakers.
The shoes have boosted Adidas sales over the past year, and analysts expect it to report third-quarter revenues of 6.4 billion euros, a 10% increase on a year ago in currency-adjusted terms, when it reports earnings on Oct. 29.
But, more than a year into the trend, the Samba won’t remain the “it shoe” for much longer, industry experts say.
“The sneakerheads, the more fashion-forward consumer, they already have the shoes. We’re now looking at them (Adidas) milking the rest of the trend on the way down by introducing lower price points within terrace,” said Aneesha Sherman, analyst at Bernstein.
“They can still get a tonne of growth out of that because there are still laggards who don’t have these shoes yet or maybe didn’t want to pay the $100 price point but are willing to pay a $60 price point,” she added.
In a bid to attract shoppers who want to buy into the trend but still want to feel unique, Adidas has kept churning out new colourways for the Samba, Gazelle and Spezial, with some models featuring tongues like football boots, and contrast stripes in new materials like velvet.
That has kept third-party retailers like JD Sports happy for now. At half-year results on July 31, Adidas CEO Bjorn Gulden said the brand was still “chasing demand” from retailers.
“There’s always this push and pull, the consumer wants more, retailers want more, but the brand has to step back and say we’re going to dial this back to make sure we preserve it for a long time,” said Matt Powell, sneaker industry expert and senior advisor at BCE Consulting.
“Adidas would be right to really tap the brakes on the Samba and Gazelle, to make sure they promote the sell-through,” he said. Sell-through refers to the percentage of product a retailer sells after receiving it from a supplier.
There are signs the brand’s focus is shifting onto other shoes like the Campus and the SL72 “retro running” sneaker, while Stella McCartney’s Paris Fashion Week show featured a new Adidas shoe modelled on motorsport racing shoes, tapping into the growing trend around Formula 1, which last week announced a 10-year partnership with luxury group LVMH.
Adidas can also no longer rely on strong revenues and profits from its remaining stock of Yeezy sneakers, as demand for the shoes designed by disgraced rapper Kanye West has fallen. In August, an Adidas mail to its sneaker club members advertised discounts of up to 70% on Yeezys.
Still, with Nike withdrawing its annual guidance and signalling a weak holiday trading season as a new CEO takes the helm, Adidas has a unique opportunity to grow, especially in the U.S. where Nike is especially dominant and Adidas was highly reliant on its Yeezy range.
In Europe, Adidas has taken market share over the past year while Nike’s share has fallen, according to direct to consumer sales data from Consumer Edge which also shows significant gains by On Running, Puma, and Hoka.
Bernstein’s Sherman expects Adidas to keep gaining share for the next year, as it will take time for Nike to turn its performance around.
“It could change, if Nike were to put out a strong lifestyle shoe in the spring, and if that were to catch and gain some traction in the summer, we could see a shift – where the it shoes of summer 2024 were the Samba and Gazelle, the it shoe of next summer could be something from Nike,” she said. — Reuters
BEIJING – China is “fully confident” of achieving its full-year economic and social development targets, with some funds from 2025’s budget being brought forward to support projects, chairman of the country’s economic planner Zheng Shanjie said on Tuesday.
China stocks blasted to two-year highs after a slew of stimulus steps announced in recent weeks supported sentiment in early trade, but later retreated. Hong Kong shares also slid as investors walked back some of the stimulus excitement.
Zheng, chairman of the National Development and Reform Commission (NDRC), told a press conference China’s economy remains largely stable but is facing more complex internal and external environments.
“The international market is volatile, global trade protectionism has intensified, and uncertain and unstable factors have increased. These will have an adverse impact on my country through trade, investment, finance and other channels,” Zheng said.
Downward pressure on the domestic economy has increased, he added.
To support local governments, China will issue 100 billion yuan ($14.12 billion) from next year’s central government budget and another 100 billion yuan for key investment projects by the end of this year, Zheng said.
The country will also quicken fiscal spending and “all sides should keep making efforts more forcefully” to strengthen macroeconomic policies, he added.
Investors and economists expect more policy support on the fiscal side to sustain the market’s optimism. They said it will take time to restore consumer and business confidence and get the economy back on more solid footing. A housing market recovery, in particular, could be a long slog.
“We anticipate that the government will arrange 1-3 trillion yuan of additional fiscal support this year and next to boost the real economy, recapitalise banks, and stabilise the property market,” said Yue Su, principal China economist at the Economist Intelligence Unit.
“This, along with investments from special long-term bonds planned for next year, is expected to primarily impact 2025’s economic growth.”
The government set a growth target of around 5% this year, but economic indicators showed growth momentum waned since the second quarter, weighing on households spending and business sentiment amid a severe property downturn.
A private report by recruiting platform Zhaopin showed on Tuesday that average pay offered by recruiters in China’s 38 major cities fell 2.5% in the third quarter from the second, and down 0.6% from a year earlier.
In an effort to reverse the economic downturn, China unveiled in late September its most aggressive monetary stimulus package since the COVID-19 pandemic, coupled with extensive property market support.
Zheng said that to address insufficient domestic demand, policymakers will focus on enhancing people’s livelihood to stimulate consumption and investment, such as supporting disadvantaged people, consumer goods trade-ins, elderly care and births. No further details were announced.
Vice Chairman of the NDRC, Liu Sushe, stated that most of the 6 trillion yuan in government investment this year was allocated to specific projects, with 90% of local government special bonds used for project construction issued by September.
At the same press conference, another vice chairman of the NDRC, Zhao Chenxin, said that China’s economic growth remained “generally stable” over the first three quarters. — Reuters
Survivorship care – or the physical, psychosocial, non-medical, and economic impact of any person living with and beyond a cancer diagnosis – is an underrepresented part of the disease’s journey, according to breast cancer survivors at an October 4 forum by the non-profit ICanServe Foundation (ICS).
Survivorship care seeks to prevent and control the adverse effects of treatment, and can include chronic fatigue, bone density loss, and financial toxicity.
“A lot think that after radiotherapy, after chemotherapy, tapos na [it’s done],” said Doris Nuval of the ICS board of trustees. “That’s just the start.”
Survivorship starts at the point of diagnosis, according to Dr. Don S. Dizon, the director of medical oncology at Rhode Island Hospital and a women’s cancers specialist.
“You are not the “only” survivor; it encompasses your family, friends, and loved ones,” he said at the October 4 event.
The four essential components of survivorship care, he said, are:
detection and surveillance of recurrent or new cancers;
intervention for the long-term and late effects of cancer;
prevention of recurrent or new cancers; and
coordination between providers to ensure that all health needs are met.
“This fourth one is critical because if you had breast cancer, you are less likely to be screened for colon cancer. You are also less likely to get the flu shot because no one took ownership of that care,” Dr. Dizon said.
Cancer survivors will need to get used to their new normal, which may include the long-lasting complication of fatigue.
“One way to manage fatigue and not just accept it as a known complication is to correct any underlying factors, like anemia,” Dr. Dizon said. “Maintain or increase physical activity too and get psychological support.”
Trust what your body tells you, he also told the audience.
“The way someone looks and feels in their skin tells them something,” he said. “Bone pain that wakes you up at night is something you need to talk about with your doctor.”
“If your doctor isn’t answering questions that are worrying you,” he added, “do not be afraid to say, ‘I think I may be recurring.’ That will prompt more direct conversations.”
The World Health Organization reported 33,079 new cases of breast cancer in the Philippines in 2022 – one of the highest in Asia.
A study by the Philippine Cancer Society and the Department of Health’s Rizal Cancer Registry documented 1,615 breast cancer patients in 2009, indicating a rise in incidence from 1980 to 2022.
Access to world-class education opens more international job opportunities, an expert said.
“Imagine using that diploma… all of a sudden, doors will be open for you which are not open before when you do not have that kind of degree,” Bonifacio T. Doma Jr., Mapúa University EVP for International Alliances and Cintana Partnership Executive Director said on Thursday.
According to Mr. Doma, students can earn two degrees from Philippine-based (PH) and United States-based (US) universities through the Transnational Education Program.
“Let’s face the reality, a US degree is definitely an advantage to be hired by top firms in the United States,” he said.
Mr. Doma added that earning a degree from an overseas university can level the playing field for fresh graduates seeking opportunities abroad.
“You don’t need to anymore explain to them the quality of education you received,” he said.
As stated in the Republic Act 11448 or the Transnational Higher Education Act, the government must modernize Philippine higher education by bringing “international quality standards and expertise” into the country.
Further, the State must also “encourage, promote, and accelerate the establishment of transnational higher education programs, the internationalization of higher education in the country, and the development of the transnational higher education sector.”
“This law encourages innovation, fosters collaboration, and improves competitiveness in the higher education field,” the Commission on Higher Education said.
Some universities offering the program include Mapúa University, Ateneo De Manila University, De La Salle University, University of Santo Thomas, and University of the Philippines.
Following her launch of the Unconventional Bride Collection last June 2024, Sofia has kept herself focused on her clients and their preparations for their own big day.
When asked how the key event affected her creative process and her design philosophy, Sofia notes that they have remained the same. She adds, “I always keep in mind to draw my inspirations from the story of my clients to Sofia make it personal… No matter how simple or grand the silhouettes are, there is always a purposeful intention to every stitch and detail.”
To her, attention to detail is important in telling her story. “I tell my story through the details I put in. May it be from the pattern of the beads, or the design of the fabric.” This self-expression shown through her art form is clear. Each and every creation that Sofia has brought to life is abundant with stories — both big and small.
With the recurring theme of the unconventional bride, Sofia looks forward to the promising changes and fresh looks on bridal gowns— a symbol of love and the start of a new shared journey. “I am most excited about the whimsical and bold approach of brides-to-be… I honestly think it is a challenge for us designers but I am here to have fun in the process.”
New trends on bridal gowns and reconciling them with traditional designs has always been Sofia’s strong suit. But ultimately, Sofia highlights, her designs are for the unconventional bride. “It is so enjoyable to be able to witness this new trend in the industry as brides become more accepting of their sense of style without any hesitation.”
As she goes through a rather unfamiliar dimension of bridal wear, Sofia emphasizes the excitement she feels in chartering an unexplored area of bridal wear and what it means to her as well as her clients. “I always love it when I get the sense of their own personal style, and it is what will make their wedding dress unique! I always encourage my brides to stick to what they like because it is their very own special day.”
The design process, to Sofia, is storytelling. Like a fairytale author, Sofia brings to life fantastical sights that always start with an exposition. “The first step in Sofia Carmela Atelier is always connecting with the client and knowing her story. For me, this is all about HER day and I am her fairy godmother to make her wishes for her dress come to life!” And like any princess, brides-to-be are in good hands as they make their way to their happily ever after.
Her designs are showcased at @sofiacarmelaatelier on Instagram. Featuring exclusive collaborations as well as her personal works, Sofia Carmela’s feed makes for a rather original collection.
“For a designer like me, this is a dream come true as this gives me a playground to have fun without limitations.”
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North Korean leader Kim Jong Un waves as he boards his train at a railway station in the town of Artyom outside Vladivostok in the Primorsky region, Russia, Sept. 17, 2023. — GOVERNMENT OF RUSSIA’S PRIMORSKY KRAI/HANDOUT VIA REUTERS
SEOUL – North Korean leader Kim Jong Un said his country will speed up steps toward becoming a military superpower with nuclear weapons and would not rule out using them if it came under enemy attack, state news agency KCNA said on Tuesday.
Kim mentioned South Korean President Yoon Suk Yeol by name for the second time in a week in denouncing Seoul for colluding with Washington to destabilize the region to gloss over the fact it does not even have proper strategic weapons.
“Yoon Suk Yeol made some tasteless and vulgar comment about the end of the Republic in his speech, and it shows he is totally consumed by his blind faith in his master’s strength,” KCNA quoted Kim as saying, referring to the South’s alliance with the U.S.
“To be honest, we have absolutely no intention of attacking South Korea,” he said in the speech at the Kim Jong Un National Defense University, a training ground for elite military specialists. “Every time I stated our position on the use of military force, I clearly and consistently used the qualification ‘if.'”
“If the enemies try to use force against our country, the Republic’s military will use all offensive power without hesitation. This does not preclude the use of nuclear weapons.”
“Our footsteps towards becoming a military superpower and a nuclear power will accelerate,” he added.
North Korea has for decades pursued a nuclear weapons program and is believed to have enough fissile materials to build dozens of the weapons. It has conducted six underground nuclear detonation tests.
Last week, South Korea marked an annual armed forces day with a large military parade showcasing a ballistic missile capable of carrying a massive warhead and featuring a flypast of a U.S. strategic bomber.
In his address that day, Yoon warned the North against using nuclear weapons. “That day will see the end of the North Korean regime.”
KCNA said Kim made the remarks on Monday, the same day the North has said its Supreme People’s Assembly would meet to discuss amending the country’s constitution. The news agency has made no mention of the assembly’s deliberations since Monday.
The session is being closely watched because of the likelihood it would approve a constitutional amendment to reflect Kim’s statement that unification is no longer possible and the South was a separate country and “a principal enemy.”
Such a move would formalize Kim’s break with decades-old goal espoused by both countries of national unification and attempts to improve ties, including a 2018 summit where their leaders declared there will be no more war and a new era of peace has opened.
In a separate report, KCNA said Kim sent a birthday message to Russian President Vladimir Putin, calling him his “closest Comrade and saying “strategic and cooperative relations” between the two countries will be raised to a new level. — Reuters
Puregold Price Club, Inc. reinforces its commitment to inclusive growth and sustainable development through its social responsibility initiative, Pusong Panalo. The multichannel retailer has extended support to Laiban Elementary School in Tanay, Rizal. This recent effort marks a pivotal step in Puregold’s ongoing mission to enhance lives and foster development in rural areas.
The Pusong Panalo program, known for its community-centered approach to giving back, brought significant changes to the Laiban Elementary School. Puregold installed solar panels in the school, ensuring a sustainable and reliable energy source that will benefit students and faculty in the coming years. The initiative also included the construction of a new playground and replenishment of the canteen, providing students with a more complete and enjoyable learning environment.
In addition, the retailer donated new laptops to the school’s teachers, addressing the growing need for technological tools in education. Both students and teachers also received grocery packs for their families.
“Puregold believes that education is a powerful tool that can transform lives,” said Ferdinand Vincent Co, President of Puregold Price Club, Inc. “It is a privilege to partner with these communities and help give tools that students and teachers need to thrive,” added Vincent.
Laiban Elementary School is located in the remote and mountainous region of Tanay, Rizal, and has limited access to resources and infrastructure. With Puregold’s support, the school is now better equipped to meet the needs of its students and staff.
Puregold’s Pusong Panalo program has been instrumental in bridging the gap between urban and rural communities, offering much-needed aid to areas that are often overlooked. The company’s continuous efforts, which include infrastructure improvements, technology donations, and essential goods distribution, demonstrate its steadfast dedication to creating lasting positive impacts on the communities it serves.
As part of its long-term vision, Puregold pledges to extend its support to 30 schools in remote areas by 2028. Puregold plans to help four more schools in 2024. To pay it forward, Laiban Elementary School has nominated another school in Tanay to get additional solar panels, a new learning center, and improved comfort rooms.
“Our goal is to unite our growing community and establish a referral network among the schools we’ve supported, inspired by the Filipino Bayanihan spirit,” said Vincent.
To help more schools in need, please reach out through one of the following channels: email at alingpuring@puregold.com.ph, send a message to Puregold’s official Facebook page at www.facebook.com/puregold.shopping, or write to Aling Puring at Puregold Price Club, Inc., Head Office-New Building, 900 D. Romualdez St., Paco, Manila, Philippines, 1007.
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NEW YORK – Federal Reserve Bank of St. Louis President Alberto Musalem said on Monday he supports more interest rate cuts as the economy moves forward, while noting that its performance will determine the path of monetary policy.
“Further gradual reductions in the policy rate will likely be appropriate over time,” the official said, noting that “patience” has served the Fed well.
“I will not prejudge the size or timing of future adjustments to policy.”
Musalem’s comments came from the text of his speech prepared for delivery before a meeting of the Money Marketeers of New York University, held in New York. The official, who took office earlier this year and who does not hold a vote on the rate-setting Federal Open Market Committee, was scheduled to speak as the interest rate outlook has once again been upended.
On Friday the government reported data showing unexpected and very vigorous strength in the job market, which called into question widespread concerns that the labor sector was weakening. Last month, the Fed cut its interest rate target by half a percentage point, to between 4.75% and 5%, because inflation pressures have waned considerably with ample signs the job market was growing softer.
The Fed had also penciled in half a percentage point’s worth of cuts into the close of the year. But the strength of hiring in September has now called into question how aggressive the Fed will need to be with rate cuts.
Musalem noted he supported the Fed’s latest rate decision and said his outlook for monetary policy is “slightly above the median” projected by his colleagues.
Musalem argued for a cautious pace of rate cuts, while noting that he expects inflation to move back to 2% on a 12-month basis over the next few quarters and sees the current state of the job market as consistent with a strong economy.
“Given where the economy is today, I view the costs of easing too much too soon as greater than the costs of easing too little too late,” Musalem said. “That is because sticky or higher inflation would pose a threat to the Fed’s credibility and to future employment and economic activity,” he said.
“It is possible that inflation will cease to converge” on the 2% target, Musalem added, “but I believe the risks that inflation becomes stuck above 2% or rises from here have diminished.”
In his remarks, Musalem also said financial conditions generally remain supportive of economic activity. He said he expects the expansion to continue but noted that uncertainty about the outcome of the Nov. 5 U.S. elections was causing some firms to hold back until they had more clarity. — Reuters