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SITUATION REPORTFeb 16, 2018 | 19:10 GMT
U.S.: Diplomat Denies Limited Strike Strategy Against North Korea
Susan Thornton, the current U.S. Acting Assistant Secretary to East Asia, reaffirmed comments made by U.S. senators during her confirmation hearing that the United States does not have a limited strike or "bloody nose" strategy for dealing with North Korea, Reuters reported Feb. 15.
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SnapshotsSep 13, 2017 | 22:49 GMT
China: U.S. Threatens Banks Over North Korean Ties
U.S. pressure against Chinese financial institutions is building, pushing them to further cut ties with North Korea. The Department of Treasury's assistant secretary for terrorist financing told U.S. lawmakers at a congressional hearing Sept. 12 that the United States plans to target more Chinese banks with sanctions over North Korea if the country doesn't "take demonstrable public steps to eliminate North Korea's trade and financial access." Treasury Secretary Steven Mnuchin went further during a conference the same day. He warned of economic sanctions on countries that don't stop trade with North Korea and, more specifically, threatened to bar access to the U.S. financial system and dollar system.
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AssessmentsNov 18, 2014 | 10:00 GMT
Leaders meet Nov. 15 during a plenary session at the G-20 summit in Brisbane, Australia.
How the End of 'Too Big to Fail' Will Hurt the Eurozone
The increase in banking regulation follows a predictable path. In the West, it will succeed in its ambitions of ending too big to fail, at least in the medium term. Ultimately, complacency and greed will erode the new regulations and a banking crisis will result, though that will fall within the purview of a regulator far in the future. In the emerging world the future is less clear, since there is less anti-banking sentiment in these countries, there is also less political capital to be gained by bashing banks.
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