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Wednesday, September 6, 2017

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North Korea says nuclear test was ‘gift package’ to US

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North Korea is quickly becoming the black sheep of the international community, as it recently tested its most powerful nuclear missile yet – and the nation led by dictator Kim Jong Un now says it has more “gift packages” for the United States.

This comes after South Korea has also warned that North Korea has another intercontinental ballistic missile (ICMB) that it will fire.

Han Tae Song, who is the ambassador of the Democratic People’s Republic of Korea (DPRK, otherwise known as North Korea) to the United Nations in Geneva, said Tuesday at a U.N.-sponsored forum that he was “proud” of the test , and that the missiles are a “gift package” to the United States.

“I am proud of saying that just two days ago on the 3rd of September, DPRK successfully carried out a hydrogen bomb test for intercontinental ballistic rocket under its plan for building a strategic nuclear force,” Han said, according to Reuters. “The recent self-defense measures by my country, DPRK, are a ‘gift package’ addressed to none other than the U.S.”

“The U.S. will receive more ‘gift packages’ from my country as long as its relies on reckless provocations and futile attempts to put pressure on the DPRK,” Han added, Reuters reported.

The actions taken by North Korea were ” ‘an exercise of restraint and justified self-defense right’ to counter ‘the ever-growing and decade-long U.S. nuclear threat and hostile policy aimed at isolating my country,’ ” he said, according to the report. “Pressure or sanctions will never work on my country. The DPRK will never under any circumstances put its nuclear deterrence on the negotiating table.”

North Korea’s sixth nuclear missile test caused a 6.3 earthquake and was roughly five times as large as the bomb that destroyed Hiroshima, Japan. The test came hours after North Korean dictator Kim Jong-un claimed that it now had an H-bomb to put onto its long-range ICBMs.

U.S. Ambassador to the U.N. Nikki Haley said Monday that North Korea is “begging for war,” and that it’s time for the international community to impose the strongest possible sanctions against North Korea.

President Donald Trump on Sunday tweeted: “The United States is considering, in addition to other options, stopping all trade with any country doing business with North Korea.”

Credit to americanmilitarynews.com

97 Million Full-Time Workers Are Now Living Paycheck to Paycheck

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This may not come as a shock to many, but Americans are pretty undisciplined when it comes to money. According to data from the St. Louis Federal Reserve, the personal saving rate in June 2017 was a measly 3.8%. In effect, it means working Americans are putting away just $3.80 for every $100 they earn. For the average American earning $30,000 annually, that equates to just $1,140 a year in savings.

Of course, that assumes the average American is saving money, which isn't always the case. A study from GoBankingRates, conducted last year, found that 69% of the Americans it surveyed had less than $1,000 in savings, including about a third of respondents who had a big goose egg -- $0.

So, what are we doing with our money? Considering that the U.S. economy is 70% based on consumption, we're probably buying things. In fact, we're probably buying more stuff than we can reasonably afford. The Federal Reserve recently released data showing that aggregate credit card debt had hit an all-time high of $1.027 trillion, eclipsing the previous high that was set before the Great Recession. Add in well over a trillion in auto-loan and student-loan debt, and we have a growing profile of debts that Americans are struggling to pay.

These data points paint a pretty scary picture, but they're nothing compared to the newest survey from CareerBuilder.

A staggering number of full-time workers are living paycheck to paycheck

According to the latest survey, conducted on CareerBuilder's behalf by Harris Poll, 78% of U.S. full-time workers are now living paycheck to paycheck, up from 75% in 2016, to make ends meet. If we utilize full-time employment data from the Bureau of Labor Statistics in 2016 (123.8 million full-time workers), it means about 97 million of those full-time workers are living paycheck to paycheck. That includes 23% who said they always lived paycheck to paycheck, 17% who claimed they usually do, and 38% who noted that they sometimes do.

What was particularly interesting about CareerBuilder's survey is that well-to-do individuals weren't free of financial issues. Roughly 9% of workers making $100,000 or more annually was living paycheck to paycheck, and 59% of these highest-income folks were carrying around debt. In the middle-income to middle-upper-income bracket of $50,000 to $99,999 in annual income, 28% were living paycheck to paycheck, and 70% were in debt.

Credit to Msn.com

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