Transcripts For KCSM Newsline 20130731 : comparemela.com

Transcripts For KCSM Newsline 20130731

Kerry joined as mediator. Kerry said the negotiators will hold the next round of talks within two weeks either in israel or the palestinian territories. We all know that its not going to be easy. Its going to be hard with ups and downs. But i can assure you that these negotiations in these negotiations, its not our intention to argue about the past but to create solutions and make decisions for the future. Im delighted that all final status issues are on the table and will be resolved without any exceptions, and its time for the Palestinian People to have an independent, sovereign state of their own. Thank you. The peace talks have been stalled for nearly three years. Confrontations over israels construction of jewish settlements on occupied land have been a major factor. Investigators in spain say the driver of the train that derailed last week was talking on the phone at the time of the crash. The investigators made the announcement after analyzing information from the trains data recorders. The driver is under arrest following the accident on a Highspeed Railway line near Santiago De Compostela july 24th. The crash killed 79 passengers. He reportedly received a call to his work phone several minutes before the accident. He was apparently consulting a document during the conversation. The investigators say the train was traveling at 192 Kilometers Per Hour shortly before the accident. They also say the brake was activated but the train entered a curve at 153 Kilometers Per Hour, nearly double the speed limit, and derailed. The investigators are looking into whether the driver violated work regulations. Supporters of ousted egyptian president Mohamed Morsi have gathered in cairo to mourn those killed in clashes with Security Forces last week. 80 people died. The former president s political base, the muslim brotherhood, held a massive rally for the victims on tuesday. More than 10,000 supporters participated. They walked along the capitals main streets, carrying wooden boxes resembling coffins. Translator the Security Forces and the military are the real terrorists. If they intend to crush the demonstrators, theyll face the judgment of history. Thousands of morsi supporters are continuing sitins in cairo. Some marched toward the Defense Ministry building. Theyre demanding morsi be restored as president. Security forces are preparing to disperse the protesters, saying theyre destabilizing society. Pakistani lawmakers have elected a veteran politician as president. Hes a trusted ally of Prime Minister sharif. Members of the two houses of parliament and assemblies in four provinces made up the Electoral College that elected him. He won more than 80 of the votes. Hussein is a member of the Prime Ministers pakistan muslim league. He replaced the incumbent in september. Hell join a leadership facing a number of challenges from overseeing antiterrorism measures to reversing an economic slump. The president serves as head of state. Its largely ceremonial. They stripped the president of many powers when they revised the constitution three years ago. A group of tourists there south korea has spent a terrifying couple of days in the japan alps. The climbers got into trouble on a hike and had to be rescued. Authorities say three of the groups 20 members died of hypothermia, and a fourth has suffered cardiorespiratory arrest. The climbers started their truck on sunday in nagano prefecture. Strong winds and rain hit the area. The group made an emergency call for help. Rescuers found the climbers on a mountain trail on tuesday morning. Three were in Critical Condition but died. The rescuers then went searching for a missing member of the group. They discovered him lying on a mountain slope. Police say he had fallen about 100 meters. Theyre planning to take him down from the mountains on wednesday. Tourism officials in nagano say mountain climbing is booming among South Koreans. They say as many as 500 tourists from the country stay overnight each year at one of the main lodges in the alps. Peaks of 3,000 meters and higher appeal to south korean climbers because there are no mountains of that scale in their own country. They also present unknown risks. The dangers were even greater for the stranded climbers because they did not have a japanese guide. A japanese climber and her husband met the surviving party when they arrived in a hut. Translator they could not make themselves understood in japanese. It was very difficult to get their message across. Winds of up to 55 Kilometers Per Hour were believed to be blowing near the peak. The air temperature dropped by as much as 15 degrees celsius. Wet clothing would have caused the body temperature to drop further. An official of the Japan Mountaineering Association says climbers who are not familiar with the terrain need to be extra careful. Translator foreign climbers tend to stick to their plan, even in bad weather because they have traveled all the way to japan. But they should consult local guides about the weather in the area where they intend to climb. A court in south korea is adding its voice to a legal push to pressure major japanese firms to give compensation related to japans colonial rule of the Korean Peninsula. The High Court Ruled Mitsubishi Heavy Industries forced five korean men to work in its factories, and it ordered the company to compensate their families. The court says mitsubishi must give about 70,000 to each of the families of the nowdeceased workers. The plaintiffs say their relatives were forced to work in factories in japan from 1944 until the end of world war ii in 1945. The decision follows one on july 10th by the Seoul High Court which ordered nippon steel and somito Metal Corporation to pay compensation to the plaintiffs. The company is appealing. Japan and south korea normalized relations in 1965. The japanese government says leaders at the time resolved postwar compensation during treaty talks. The south korean government takes the same stance, but last year judges on the south Korean Supreme Court said the treaty didnt invalidate the right of individuals to seek damages. Japans top Government Spokesperson says this latest ruling goes against the bilateral agreement. Translator the issue of seeking compensation was settled by the 1965 agreement between japan and south korea that addresses the japan south korea claim rights and economic cooperation. Plaintiffs in four similar cases are seeking compensation following the Supreme Court decision. A political banner at a japan south korea soccer match has stoked tensions between the two countries. Now south Korean Foreign Ministry Officials say a japanese minister in charge of sports has made offensive remarks. He commented on the banner displayed by south korean soccer fans at the east asia soccer championship in seoul on sunday. Translator such an incident shows the cultural level of a nation. I hope South Koreans will watch sports games in a fair manner. He also said if soccer fans had tried to do the same in japan, they would have been stopped by other fans. The banner read a people who forget history have no future, a criticism of remarks by japanese politicians on historical issues between the two countries. Fifa, the governing body for world soccer, bans political statements at matches. The banner could be a violation of the rule. Some people in south korea say the fans should not have brought the banner to the game. But others have criticized some japanese fans for carrying the countrys rising sun flag. Many South Koreans see the flag as a militaristic symbol. Japanese Prime Minister shinzo abe has asked a Government Panel to work out specific measures to rebuild the economy and at the same time cut the budget deficit. He issued the instructions at a meeting of the council on economic and fiscal policy on tuesday. The panel is discussing mediumterm economic and fiscal policies as well as guidelines for the fiscal 2014 budget. Translator its necessary to implement concrete measures so that people can actually feel the economic recovery. At the meeting private Sector Council members said the government needs to raise the consumption tax in order to achieve the goal of cutting the primary balance deficit in half by march 2016. They also noted its necessary for the central as well as local governments to curb spending. These members also urged the pane to set strict budget guidelines for the next fiscal year and hammer out bold steps to stimulate domestic demand. The Council Plans to come up with recommendations as early as next week. The second round of free trade talks is now under way among asias biggest economies. Japan, china and south korea. At the start of the talks in shanghai on tuesday, chinas assistant commerce minister expressed hope that the three countries will be able to conclude an fta agreement soon. The remark demonstrated chinas interest in strengthening economic ties with japan and south korea. It also appeared to show that beijing was prepared to set aside strained diplomatic relations with tokyo. Officials are expected to consider lowering import tariffs on agricultural and industrial products. They will also discuss how much of a product can be made up of imported components and still be considered domestically made. In a separate session, tokyo is expected to demand that Japanese Companies investing in china be allowed to compete with chinas staterun firms under the same conditions. This month china made major concessions to a similar demand from the u. S. Japanese Consumer Products maker kao expects to lose about 100 million in sales in their fiscal year. Representatives say the recall of skin whitening products by Group Company kanebo, is largely to blame. Translator i deeply apologize for the inconvenience and anxiety we have caused. Kao president said the groups operating profits for the same period will fall by about 60 million. Sawata said the group will unite to prevent a recurrence. He said the company will fully support those who develop skin problems after using kanables skin whitening cosmetics. About 2,000 customers in japan have complained of developing white blotches and other symptoms. The Company Recalled 54 skin whitening products in early july. Investors are bracing for two announcements out of the u. S. Theyre waiting for the latest numbers on Gross Domestic Product and the federal reserves decision to Monetary Policy. David stockton is a former director at the fed and a senior fellow at the Petersen Institute of international economics. Our reporter asked him for his views. First of all, id like to ask you about the outlook of the gdp cutting up. What is your prospect . Well, i think were likely to see a weak Second Quarter figure, somewhere probably 1 or below at an annualized rate, and that comes on the heels of 1. 5 in the first quarter. So the economy in the first half is certainly underperformed its potential by quite a bit. And are we expecting the next Monetary Policy meeting coming up on the same day. Now, do you think those weak numbers would affect some of the feds decision . So i think it will certainly be some influence on their decision. They probably at this point are reading the data, as many economists are here, as having been relatively soft in terms of gdp. On the other hand, the labor market has actually performed quite well with Payroll Employment gains running around 200,000 a month over the past six months. And thats a pretty solid performance. So i think ultimately, while gdp will certainly be a factor that they will consider, theyre going to be looking more forward than looking backward. So the weakness in the first half will likely bother them less if they see signs over the next month or so that the economy seems to be picking up from the first half softness. So what would you be expecting from this Monetary Policy meeting . Weve been hearing that there might be some changes in the forward guidance. So i think this meeting is likely to be pretty quiet. I think the and i would not expect any major announcements of policy change, and i wouldnt expect too many changes in the fomcs statement which will be released on wednesday. If theres any change, i think its likely to incorporate what chairman bernanke talked about in his press conference, which indicated he indicated at that time that he saw likely that the qe purchases would end in the middle of 2014 when the Unemployment Rate was running about 7 according to their forecasts. So theres some chance that that will actually be incorporated into the fomc statement. But other than that, i think this is likely to be a pretty quiet meeting. So i still think the most likely time for the first tapering would be september. And i think thats where the center of gravity of the fomc, certainly the fomc voters is at this point. As you know, there have some people who have wanted for some time to actually end qe immediately, and certainly president george of the Kansas City Fed has been dissenting on that reason for quite some time. And there are others that are probably nervous about beginning to taper now and would prefer to do it later. I think if the labor market continues to show gains in jobs of, lets say, between 175,000 and 200,000 over the next couple of months, and if the economy looks like its rebounding from the doldrums that it hit in the first half of this year that were likely attributable to fiscal policy, then i think tapering in september seems like the most likely outcome. If that doesnt happen, and if there are any significant setbacks especially on the labor market side, i think we could easily see the tapering put off until december. At this point i still think september looks like until december, i still think september looks like the most likely outcome. Now time to take a look at the market figures. Drugmakers at Novartis Pharma are answering questions about a drug used to treat high Blood Pressure. Researchers at a Japanese University have found that clinical dat fa for the drug was manipulated. A panel from the medical school looked into research used to approve the drug. Scientists at several universities including gk participated in the research. Members of the universitys panel say the research contains data on Blood Pressure that does not match the original clinical records. But they say they dont believe researchers from their school altered the data. A former official from novartis led the research team. The official took part in clinical tests at a number of medical schools. Panel members criticize the researchers for not reporting that someone from the Pharmaceutical Company participated in the study. The revelations follow others earlier this month from Kyoto Prefectural University of medicine. Scientists there had said the drug is more effective than others in reducing strokes and angina. Now they say their Clinical Study may have come to the wrong conclusions. Managers at Novartis Pharma used the results of the study to promote the drug. Annual sales of the drug in japan were worth about 1 billion. Japanese soldiers fought some fierce battles during world war ii, even as the war was drawing to a close. Some of them met their end fighting soviet troops on the island of sakhalin in russias far east. Now a group of russians is working to ensure the lives sacrificed on both sides are not forgotten. Nhk worlds reporter reports. Reporter ive come to the forest. This place very close to the former border between japan and the soviet was a hardfought battlefield back in 1945. While people here are starting to search for the remains of japanese soldiers. The search team is a volunteer group. Theyve made it their mission to recover fallen soldiers. They hope today will be the start of a homecoming. The 50th parallel was the site of a fierce battle at the end of world war ii. Japanese troops tried to stop the invading soviet army. They failed and hundreds died. Its believed that many of them perished in this area. About five kilometers south of the border. The majority still lie where they fell. The team follows an overgrown trail. 20 minutes later, the metal detector goes off. Translator this is a soviet cartridge. This is from a japanese rifle. Reporter theyre looking for a battlefield called 314 highlands. Following clues provided by former japanese soldiers. Translator hey, theres something over here. Come here. Reporter it looks like a human skull. Translator looking at the remains, id say that he was an 18 to 20yearold soldier. Its terrible. I never want this to happen again. Reporter more digging unearthed some relics. Among the findings, bayonets and hand grenades. They also find a japanese coin

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