Homepage / Asia / North Korea’s nukes aren’t Trump’s fault, former Clinton advisor says
Rocket Lab, a next generation space company, sets a milestone by reaching orbit Amazon's automated grocery store will launch Monday after a year of false starts Trump and tech have clashed on immigration, but the H-1B issue might bring them together The NSA was light years ahead of Siri and Alexa with voice recognition technology: Report Google CEO Sundar Pichai said he doesn't regret firing James Damore Cramer Remix: My advice for Lloyd Blankfein on cryptocurrencies Cramer: The Amazon Prime rate bump is a clarion call to buy the stock Cramer's game plan: Watch individual stocks amid the earnings deluge Amazon just hired a top Seattle doctor from Iora to add to its health group: Sources Facebook's News Feed will now have users decide 'high quality' news through surveys Overstock mixed up bitcoin and bitcoin cash, letting customers buy items at a steep discount Prominent crypto critic calls bitcoin a ‘bubble’ and says go to Vegas if you want to gamble US stocks will likely run higher for another 11 years, Wall Street's Tom Lee says A government shutdown may not affect stocks much, but a bigger political battle brewing will Jeff Ubben's ValueAct launching fund with social goals, following similar moves by Jana, BlackRock Dow stock Boeing is up over 100% in one year, and some say the run isn't over Google CEO: You don't need to code to be successful at many jobs of the future—but you'll need this Netflix could see a huge move on earnings next week Netflix shares to surge on big international subscriber gains, analyst predicts What will Trump say at Davos? Six analysts give their predictions I tried to get my iPhone 6 battery replaced — here's what happened Jan Koum got the idea for $19 billion WhatsApp after missing too many iPhone calls at the gym Home security firm ADT drops 10% in NYSE debut Cramer: I'm fine with Amazon raising monthly Prime prices because it's still cheap Staten Island-based 'CabbageTech' charged with bitcoin-related fraud after promising 300% returns in a week Kohl's shares could pop 50% as Amazon partnership ramps up Trump's market cheerleading tweets could end up fueling a bubble New GOP tax law will boost corporate earnings at least 10%, says Merrill Lynch wealth manager Rising mortgage rates could mean even fewer homes for sale this spring Nike shares jump after analyst predicts a rally on new sneaker sales Investor 'fear of missing out' runs wild as record amount of money flows into stocks the last four weeks A crucial German vote this Sunday is seen as the key near-term driver for euro/dollar Oil price rally will not persuade OPEC to end production cuts, analyst says LA Times' Levinsohn under investigation after report on sex harassment Amazon is raising its monthly Prime membership rate There's a new venture fund founded by a former DJI and Tesla engineer and an ex-Kleiner partner Amazon and Nvidia are hiring people to cozy up to health VCs The executive in charge of Facebook’s efforts to court China has left the company 6 global trends that can derail your portfolio in 2018 Huawei executives are self-imposing a fine of nearly half a million dollars for inflated sales data Square shares pop after analyst says its similar to 'Amazon or Google in their early days' London's 'almost toxic' housing market might not give investors the returns they are looking for Hot tech stock Nvidia has even more room to run, says technical analyst Gaming giant Nvidia, after 113% gain, could surge another 23%, BofA analyst says Walmart will see a larger breakout after ‘lost’ years, Oppenheimer analyst says The bull case for Netflix ahead of earnings The UK’s foreign minister wants to build a 22-mile bridge to France Rising hedge fund stars are crushing the market, taking crown away from Einhorn, Ackman New Zealand PM set to be only the second world leader to give birth while in office The bond yield that helps price all sorts of loans just jumped to its highest level since 2014 Berlusconi has been in politics for nearly three decades. This is the secret to his popularity Indonesian leader's third cabinet reshuffle could have elections implications Who are ‘Davos Man’ and ‘Davos Woman’? European stocks seen mixed ahead of earnings, data Bitcoin could be here for 100 years but it's more likely to 'totally collapse,' Nobel laureate says China says sunken Iranian tanker may be leaking bunker fuel South Korean group files complaint against Apple CEO over iPhone slowdown What happens during a US government shutdown Bitcoin is 'something regulators need to deal with but not ban,' says former FDIC chair Cramer Remix: How I decide which retailers are not buyable Cramer's lightning round: Hormel's one of the few food stocks I like Cramer tracks 4 growing market discrepancies: Rates, Trump, cryptocurrencies and stocks Asian markets poised to open with moderate gains despite softer US lead IBM executive says blockchain 'creates a lot of value' for manufacturers, retailers Bitcoin's on a wild ride, but investors have shown it's here to stay, analyst says Cramer: I've never seen a market like this in my life Atlassian beats estimates, but its shares fall anyway Snap laid off two dozen employees and half of them were from its content team Tesla bringing Model 3 to three East Coast showrooms This start-up founder has a novel strategy for getting ahead: Telling the truth Texas Instruments' long-time CEO is stepping down after the stock rallied 57% in the past year Trump says he called and thanked Tim Cook after Apple revealed its US investment plan There's 'no evidence' Tasers reduce police use of firearms, new study shows IBM shares fall despite first growth in 23 quarters Tim Cook tells Cramer: New tax law helped pave the way for Apple’s massive investment plan Uber's Kalanick ignored warnings from execs about buying self-driving truck start-up Otto, says report Washington, DC, and Austin are shaping up as strong contenders for Amazon's new headquarters Legacy airlines are facing new competitors on transatlantic routes Here’s how cities are reacting to being finalists for Amazon HQ2 A high schooler interviewed Apple CEO Tim Cook — and he told her his secret to success Another top Silicon Valley investor slams politically correct tech culture, praises China Steve Wozniak is still on Apple's payroll four decades after co-founding the company Bank of America loses its second head of tech and media banking in less than a year Three of the finalists for Amazon's second headquarters are in or near Washington DC Wrong on GE, market-beating value investor Bill Nygren says he is sticking by tanking blue chip Apple may have just saved the GOP Bitcoin rallies more than 30% to briefly top $12,000 in latest wild swing GE shares drop to 6-year low below $17 With eye on Brexit talks, May offers France money for border security Uber ex-CEO Travis Kalanick will officially be a billionaire Thursday, as deal with SoftBank closes The French government experiments with venture capitalism The World Bank’s “ease of doing business” report faces tricky questions Our Big Mac index shows fundamentals now matter more in currency markets The threat of tough regulation in Asia sends crypto-currencies into a tailspin Innovative materials from bamboo are helping a new industry to sprout A weak market for football rights suggests a lower value for sport Why driverless cars may mean jams tomorrow Chinese tech companies plan to steal American cloud firms’ thunder Masayoshi Son may raise yet more cash to pump into tech The hedge-fund delusion that grips pension-fund managers

Asia

North Korea’s nukes aren’t Trump’s fault, former Clinton advisor says

North Korea’s rapidly advancing nuclear capability is not the fault of President Donald Trump, but rather of successive U.S. administrations who’ve failed to reign in the rogue state, according to a former White House foreign policy director.

“Clinton, Bush, Obama, and Trump: this is a 20-year failure of American foreign policy,” James Rubin, former assistant secretary of state for public affairs under the Bill Clinton administration, told CNBC Friday.

Rubin tempered his criticism, however, stressing it was important to remember that “there are limits to what you can do in a country like that if you aren’t prepared to go to war.”

The comments come on the tail of the first government-level talks between North and South Korea in more than two years, as both countries prepare for the Winter Olympics in South Korea. North Korea has been a constant presence in international headlines, developing nuclear weapons and testing missiles at a faster rate than at any point in its history.

Pyongyang has fired 23 missiles during 16 tests since the start of 2017, conducting its first intercontinental ballistic missile (ICBM) in July, and claims it is now capable of striking the U.S. mainland.

Some observers blame Trump’s bellicose words and tweets toward North Korean leader Kim Jong Un for the current spike in tensions. The U.S. president has threatened to “totally destroy” the country and has mocked Kim in tweets, calling him “Little Rocket Man” and deriding attempts at diplomacy. He recently expressed support for the talks with the South, however, which took place Tuesday in the border town of Panmunjom.

Asked whether the tough talk might be having a positive effect on spurring talks, Rubin replied: “Possibly, but I think more (than) that is that the North Koreans now have something they never had before, which is the ability, probably, to take a nuclear weapon from Pyongyang to any city in the United States. That’s the new part of this, and that hasn’t changed yet.”

Under Bill Clinton, an agreement called the Agreed Framework was passed whereby an international coalition would replace North Korea’s plutonium reactor with two light-water reactors in exchange for 500,000 tons of heavy fuel each year from the U.S. The deal was not popular in Congress, and was scrapped shortly after George W. Bush came to power. In response, the North kicked out its U.N. inspectors and relaunched its nuclear development.

The Bush administration focused on multilateral negotiations, launching the Six-Party Talks in 2003 with China’s help, which also included Russia, Japan and South Korea. But the talks were impeded by numerous lengthy boycotts by the North. By early 2005, North Korea declared it was in possession of nuclear weapons and would not attend future talks.

Finally, Barack Obama stuck with the diplomatic route, first employing a conciliatory approach and later implementing sanctions, but similarly to no avail. Pyongyang would oversee four underground nuclear tests by the time Obama left office.

“We’ve squeezed them, we’ve sanctioned them, we’ve tried diplomacy, we’ve tried agreements, they broke agreements,” Rubin said. “Yes, everybody’s failed, but it’s a pretty tough problem.”

In late December, the UN Security Council (UNSC) adopted a set of stringent sanctions drafted by the U.S. which cut exports of diesel, gasoline and other oil products by nearly 90 percent. This is the tenth major sanctions resolution imposed by the UNSC on North Korea since 2006. North Korea has called it “an act of war.”

Source: cnbc china
North Korea’s nukes aren’t Trump’s fault, former Clinton advisor says

Comments are closed.