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Analysis: ‘I have failed’ – Kim Jong Un shows tearful side in confronting North Korea’s hardships

Analysis: ‘I have failed’ – Kim Jong Un shows tearful side in confronting North Korea’s hardships

SEOUL (Reuters) – North Korean leader Kim Jong Un appeared to shed tears at the weekend as he thanked citizens for their sacrifices, in the most striking demonstration yet of how he is relying on his “man of the people” persona to tackle his country’s deepening crises.

North Korean Leader Kim Jong Un reacts during a speech at a military parade marking 75th founding anniversary of Workers’ Party of Korea (Wpk), in this still image taken from video on October 12, 2020. KRT TV/ via REUTERS

Though the young leader has consolidated his rule over the isolated nation with ruthless purges, North Korea watchers say he has also sought to portray himself as a more traditional political leader than his eccentric father, Kim Jong Il.

Speaking at a military parade on Saturday, Kim became emotional as he paid tribute to troops for their response to national disasters and preventing a coronavirus outbreak and apologised to citizens for failing to raise living standards.

“Kim’s modesty and candour, and his tears and choking, were all highly unusual, even for someone who publicly acknowledges shortcomings and has an established pattern of being expressive,” said Rachel Minyoung Lee, an independent researcher and former open-source North Korea analyst for the U.S. government.

The speech, which was clearly carefully designed to resonate with the domestic audience, likely cemented Kim’s image as a competent, charismatic leader who also has a human side to him, she said.

‘I AM SORRY’

Kim – who broke into wide smiles when huge new ballistic missiles were displayed in the parade – blamed North Korea’s continuing economic hardships on international sanctions, the coronavirus crisis and a series of damaging typhoons and floods.

Since succeeding his father in 2011, Kim has made economic progress a cornerstone of his agenda. He also U.S. President

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Analysis: ‘I Have Failed’ – Kim Jong Un Shows Tearful Side in Confronting North Korea’s Hardships | World News

Analysis: ‘I Have Failed’ – Kim Jong Un Shows Tearful Side in Confronting North Korea’s Hardships | World News

SEOUL (Reuters) – North Korean leader Kim Jong Un appeared to shed tears at the weekend as he thanked citizens for their sacrifices, in the most striking demonstration yet of how he is relying on his “man of the people” persona to tackle his country’s deepening crises.

Though the young leader has consolidated his rule over the isolated nation with ruthless purges, North Korea watchers say he has also sought to portray himself as a more traditional political leader than his eccentric father, Kim Jong Il.

Speaking at a military parade on Saturday, Kim became emotional as he paid tribute to troops for their response to national disasters and preventing a coronavirus outbreak and apologised to citizens for failing to raise living standards.

“Kim’s modesty and candour, and his tears and choking, were all highly unusual, even for someone who publicly acknowledges shortcomings and has an established pattern of being expressive,” said Rachel Minyoung Lee, an independent researcher and former open-source North Korea analyst for the U.S. government.

The speech, which was clearly carefully designed to resonate with the domestic audience, likely cemented Kim’s image as a competent, charismatic leader who also has a human side to him, she said.

Kim – who broke into wide smiles when huge new ballistic missiles were displayed in the parade – blamed North Korea’s continuing economic hardships on international sanctions, the coronavirus crisis and a series of damaging typhoons and floods.

Since succeeding his father in 2011, Kim has made economic progress a cornerstone of his agenda. He also U.S. President Donald Trump, forming an unprecedented personal relationship that included flowery letters.

But ambitious plans for international trade, construction projects, and other economic measures have stalled in the face of sanctions imposed over his nuclear weapons and ballistic missile programmes.

The economy took

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Failed U.S. stimulus talks could threaten economic recovery

Failed U.S. stimulus talks could threaten economic recovery

WASHINGTON (Reuters) – The White House’s sudden exit from fiscal stimulus talks with Democrats in Congress has added another level of doubt to a U.S. economic recovery that already seemed to be weakening, choking off perhaps $1.5 trillion or more in future income and spending.

FILE PHOTO: President Donald Trump pulls off his protective face mask as he poses atop the Truman Balcony of the White House after returning from being hospitalized at Walter Reed Medical Center, October 5, 2020. REUTERS/Erin Scott/File Photo

Even the most bullish policymakers and forecasters had penciled in more government aid to keep households and businesses hit by the coronavirus pandemic afloat through the end of the year. That money would bolster retail spending, rent payments and mortgages and whittle away at the 11 million lost jobs that have not yet been recouped.

Without it, the United States faces another roughly 5% hole in annual economic output.

Still, those assumptions evaporated on Tuesday after President Donald Trump announced his administration was ending the stimulus talks with U.S. House of Representatives Speaker Nancy Pelosi, with the two sides divided over whether to dribble out aid to specific sectors like airlines, or build a more comprehensive package to nurse the economy closer to the day when a coronavirus vaccine might be widely deployed.

U.S. stock markets fell sharply after the announcement, though Trump, a Republican who is seeking reelection in a Nov. 3 vote, later pulled back, saying he would support a few stand-alone bills. Wall Street’s main indexes clawed back the bulk of the losses on Wednesday.

“We’re still willing to be engaged, but I’m not optimistic for a comprehensive deal. I am optimistic that there’s about 10 things that we can do on a piecemeal basis if the speaker is

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Failed U.S. Stimulus Talks Could Threaten Economic Recovery | Investing News

Failed U.S. Stimulus Talks Could Threaten Economic Recovery | Investing News

By Howard Schneider and Megan Davies

WASHINGTON (Reuters) – The White House’s sudden exit from fiscal stimulus talks with Democrats in Congress has added another level of doubt to a U.S. economic recovery that already seemed to be weakening, choking off perhaps $1.5 trillion or more in future income and spending.

Even the most bullish policymakers and forecasters had penciled in more government aid to keep households and businesses hit by the coronavirus pandemic afloat through the end of the year. That money would bolster retail spending, rent payments and mortgages and whittle away at the 11 million lost jobs that have not yet been recouped.

Without it, the United States faces another roughly 5% hole in annual economic output.

Still, those assumptions evaporated on Tuesday after President Donald Trump announced his administration was ending the stimulus talks with U.S. House of Representatives Speaker Nancy Pelosi, with the two sides divided over whether to dribble out aid to specific sectors like airlines, or build a more comprehensive package to nurse the economy closer to the day when a coronavirus vaccine might be widely deployed.

U.S. stock markets fell sharply after the announcement, though Trump, a Republican who is seeking reelection in a Nov. 3 vote, later pulled back, saying he would support a few stand-alone bills. Wall Street’s main indexes clawed back the bulk of the losses on Wednesday.

“We’re still willing to be engaged, but I’m not optimistic for a comprehensive deal. I am optimistic that there’s about 10 things that we can do on a piecemeal basis if the speaker is willing to put it before her members,” White House Chief of Staff Mark Meadows told Fox News in an interview.

Pelosi told ABC’s “The View” program that Trump was “rebounding from a terrible mistake” and that it

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