Hello there. Welcome to newsline. Its wednesday, january 30th. Im Catherine Kobayashi i tokyo. The Team Managing the transition of power in south korea has been thrown into disarray. President elect park geunhye nominated Kim Yong Joon last week for prime minister, but now hes withdrawn his name. Wim served as chief of the Constitutional Court and he led parks transition team. But allegations surfaced that his two sons were exempted from military service for invalid reasons. And Many South Koreans have criticized him for his extensive property holdings. Kim reportedly apologized to the public and to park for causing trouble. Park will become the countrys first female president next month. Park has been warning the outgoing president not to abuse his power. But park his Lee Myung Bak has ignored her advice. He pardoned political allies, friends, and others who had been convicted of corruption. Park and lee have been rivals since vying for their partys president ial nomination six years
To grow the economy, especially as they struggle with less take home pay, and worries about their jobs. While there are signs of improvement in the economy, the Unemployment Rate rose in january to 7. 9 . So what is the current state of the economy . Erika miller talked to two experts with different views. Reporter it may seem strange to many investors that the stock market can be hovering at five year highs, when the economy is so weak. But whats fueling the rally is not the current situation, its hope. Weve taken out some of the downside tail risks. So, were feeling like although its not going to be a boomy year, at least it will be a year where we can reasonably expect that the economy will continue to, you know, make progress. Reporter he expects there will be a continued slow, but steady, fall in the Unemployment Rate. In addition, the Housing Market recovery is spreading. Weve seen a pickup in household formation. So, more people are moving out of homes, starting new families and
President obama is preparing to deliver his first state of the Union Address of his new term, tomorrow. The American People will be listening carefully to his plans to grow the economy, especially as they struggle with less take home pay, and worries about their jobs. While there are signs of improvement in the economy, the Unemployment Rate rose in january to 7. 9 . So what is the current state of the economy . Erika miller talked to two experts with different views. Reporter it may seem strange to many investors that the stock market can be hovering at five year highs, when the economy is so weak. But whats fueling the rally is not the current situation, its hope. Weve taken out some of the downside tail risks. So, were feeling like although its not going to be a boomy year, at least it will be a year where we can reasonably expect that the economy will continue to, you know, make progress. Reporter he expects there will be a continued slow, but steady, fall in the Unemployment Rate.
Rebel stronghold of gau and sealed off the city of timbuktu. French cities won control of the major airports and roads in the area. Analyst warn militants could still mount guerrillastyle attacks from hideouts in the deserts and mountains. In ethiopia, African Union leaders have met to discuss the situation in mali. Theyre vowing to do more to help with the fight against islamist militants. Representatives of the unions 54 members gathered in the ethiopian capital, pledging kz 50 million to support troops from france and from across africa fighting islamisttants. They are linked to al qaeda and control a large part of the country. Made a commitment to pool our efforts together to assist this country. Representatives from japan, the u. S. And europe will discuss the situation with African Leaders later in the day. The japanese are expected to contribute 100 million in aid for refugees. A senior United Nations official says the needs of millions of syrians are growing as their countrys c
Hello there. Welcome to newsline. Its wednesday, january 30th. Im Catherine Kobayashi tokyo. The Team Managing the transition of power in south korea has been thrown into disarray. President elect park geunhye nominated Kim Yong Joon last week for prime minister, but now hes withdrawn his name. Wim served as chief of the Constitutional Court and he led parks transition team. But allegations surfaced that his two sons were exempted from military service for invalid reasons. And Many South Koreans have criticized him for his extensive property holdings. Kim reportedly apologized to the public and tpark for causi trouble. Park will become the countrys first female president next month. Park has been warning the outgoing president not to abuse his power. But park his Lee Myung Bak has ignored her advice. He pardoned political allies, friends, and others who had been convicted of corruption. Park and lee have been rivals since vying for their partys president ial nomination six years ago. P