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[...] "We are literally embedding a compliance department of our choosing into the company to monitor it going forward. They will pay for those people, but the people will report to the new chairman," Ross said in a "Squawk Box" interview.
ZTE's latest brush with U.S. regulators came after the company's business dealings with Iran and North Korea violated U.S. trade agreements. ZTE paid $1.19 billion in fines for those violations, but the dispute didn't end there. The Commerce Department then alleged that ZTE misled regulators and failed to discipline the employees responsible for the sanction breach.
The settlement deal includes $400 million in escrow to cover any future violations as well as requiring ZTE to change its board of directors and executive team in 30 days.
[...] In response to the announced deal, Senate Minority Leader Chuck Schumer said Thursday in a statement, "When it comes to China, despite [Trump's] tough talk, this deal with ZTE proves the president just shoots blanks."
Also at ZTE will pay $1 billion fine to beat US export ban
-- submitted from IRC
(Score: 3, Interesting) by Joe Desertrat on Sunday June 10 2018, @09:34PM (2 children)
What is driving the "peace" talks is desperation on the part of Kim. North Korea is and has been in a bad way, with a large part of their population struggling to get enough basic necessities to live. Even the military has been going short, which makes Kim's grip on power much more tenuous. I suspect most of the missile shows and nuclear posturing are to have negotiating points. They know if they ever use those things for real they will be obliterated. I cannot see unification happening in our lifetime, the South Koreans have little to gain economically and if Kim insists on retaining any power, little to gain security wise either. Kim probably wants Trump along to negate the negotiating edge the South Koreans have, Trump's unwillingness to share credit or the spotlight means whatever he becomes convinced is the way to go will be pushed, and if the talks fail because that is an untenable position for the South Koreans, Kim will claim he tried to negotiate in good faith and can you pretty please lift the sanctions. At best, we'll end up back at the way things were in 2000, before Bush soured the little progress made with his "Axis of Evil" nonsense.
(Score: 2) by Runaway1956 on Sunday June 10 2018, @11:06PM (1 child)
That all sounds good - BUT. North Korea has had documented starvation, almost annually, for a long, long time. It has never seemed to matter to the Kims how many thousands, or maybe tens of thousands, of villagers drop dead during the winter. Are you saying that the problem has got significantly worse, in recent years? If that be so, I have to wonder why MSM hasn't covered it.
Alright, a search for North Korea and starvation gives a number of hits. I guess it's been reported on pretty regularly, but without attention grabbing headlines.
http://www.dailymail.co.uk/news/article-2624164/North-Korea-Starving-people-child-labourers-dilapidated-homes-appear-harrowing-new-images-taken-inside-rogue-state.html [dailymail.co.uk]
A MAN Just Won a Gold Medal for Punching a Woman in the Face
(Score: 2) by Joe Desertrat on Monday June 11 2018, @08:43PM
As I mentioned, the military has been going short as well, which is the only support that matters for Kim.