Let’s start with the bad news: The North Korean problem has no simple or quick solution. The North’s weapons-grade plutonium and nuclear devices have already been manufactured, and are now safely hidden in underground facilities. China, and to a lesser degree Russia, remains unwilling to support a truly rigorous (read: efficient) sanctions regime. More narrow financial sanctions that target the money used to reward regime insiders with perks, like bottles of Hennessy cognac and Mercedes cars, won’t have much impact. Most of the North Korean elite believe that regime stability is a basic condition for their survival. No doubt, they would be willing to put up with locally produced liquor and used Toyotas if the alternative was being strung from the lampposts.
From time to time, newspapers shower readers with predictions of a looming mass starvation in North Korea, usually in springtime. In March 2011, the New York Times wrote: “North Korea: 6 Million Are Hungry.” One year earlier, in March 2010, the Times of London warned: “Catastrophe in North Korea; China must pressure Pyongyang to allow food aid to millions threatened by famine.” In March 2009, a Washington Post headline read: “At the Heart of North Korea’s Troubles, an Intractable Hunger Crisis.”
Corning Inc. has been blocked for more than a year from importing to the U.S. its parts connecting cable wires to televisions, even after a trade judge ruled the components don’t infringe a competitor’s patent.
Before Hurricane Sandy, Soumitra Eachempati, a trauma doctor at New York Presbyterian Hospital on the city’s affluent Upper East Side, spent much of his time dealing with stair falls and Central Park cycling injuries.
Chinese television makers, including TCL Corp. and Hisense Electric Co., are accelerating their push into the U.S., marketing cut-rate sets and advanced technology as they try to grab share from Japanese and Korean competitors.
Samsung Electronics Co., the world’s largest maker of TVs and mobile phones, said an internal audit of suppliers in China found “inadequate practices” that include employees working more overtime than allowed by law.
Sony Corp., Japan’s largest consumer- electronics exporter, forecast its fourth consecutive annual loss and slashed television sales targets after the yen reached a postwar high and floods in Thailand cut production.