Sunday, September 3, 2017

North Korea nuclear test: Hydrogen bomb 'missile-ready' - BBC News

North Korea nuclear test: Hydrogen bomb 'missile-ready'
September 3, 2017.
The news came hours after state media showed North Korean leader Kim Jong-un inspecting what it said was a hydrogen bomb
North Korea says it has successfully tested a nuclear weapon that could be loaded onto a long-range missile.
The secretive communist state said its sixth nuclear test was a "perfect success", hours after seismologists had detected an earth tremor.
Pyongyang said it had tested a hydrogen bomb - a device many times more powerful than an atomic bomb.
Analysts say the claims should be treated with caution, but its nuclear capability is clearly advancing.
North Korea last carried out a nuclear test in September 2016. It has defied UN sanctions and international pressure to develop nuclear weapons and to test missiles which could potentially reach the mainland US.
South Korean officials said the latest test took place in Kilju County, where the North's Punggye-ri nuclear test site is situated.
The "artificial quake" was 9.8 times more powerful than the tremor from the North's fifth test, the state weather agency said.
Latest updates on the nuclear test
Kim inspects 'nuclear warhead': A picture decoded
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It came hours after Pyongyang said it had miniaturised a hydrogen bomb for use on a long-range missile, and North Korean leader Kim Jong-un was pictured with what state media said was a new type of hydrogen bomb. State media said the device could be loaded on to a ballistic missile.
Japan condemned the test and South Korean President Moon Jae-in convened emergency security council talks.
How can the world respond?
Jonathan Marcus, BBC defence and diplomatic correspondent
North Korea's sixth nuclear test - probably its largest so far - sends out one clear political signal.
Despite the bluster and threats from the Trump administration in Washington and near-universal condemnation from around the world, Pyongyang is not going to halt or constrain its nuclear activities.
Worryingly, it also suggests that this is a programme that is progressing on all fronts at a faster rate than many had expected. So far all efforts to pressure North Korea - sanctions, isolation, and military threats - have all failed to move Pyongyang.
Could more be done? Certainly, but the harshest economic pressure would potentially cripple the regime and push it towards catastrophe - something China is unwilling to countenance.
Containment and deterrence will now come to the fore as the world adjusts its policy from seeking to roll-back Pyongyang's weapons programme to living with a nuclear-armed North Korea.
Can the world live with a nuclear North Korea?
How big was the blast?
Initial reports from the US Geological Survey put the tremor at 5.6 magnitude with a depth of 10km (six miles) but this was later upgraded to 6.3 magnitude at 0km. This would make it the North's most powerful nuclear test to date.
The USGS put the site of the quake near the Punggye-ri test site
Bruce Bennett, a defence analyst at public policy group the Rand Corporation, told the BBC that the size of the tremor was significant.
"If it really does prove out to be 6.3, that's a very big weapon, much bigger," he said.
"It's still not a true hydrogen bomb but it's certainly much closer to that than anything they have ever done before."
He said China would also be concerned about the size of the suspected blast.
"Those Chinese people across the border from that area, they were undoubtedly shaken terribly," he said.
Can we believe the North?
A series of recent missile tests has caused growing international unease.
In a report on Sunday, the North's state news agency KCNA said Kim Jong-un had visited scientists at the nuclear weapons institute and "guided the work for nuclear weaponisation".
"The institute recently succeeded in making a more developed nuke," the report said, adding: "He (Kim Jong-un) watched an H-bomb to be loaded into a new ICBM (intercontinental ballistic missile)."
The report carried pictures of the leader inspecting the device. It described the weapon as "a multi-functional thermonuclear nuke with great destructive power which can be detonated even at high altitudes".
The North has previously claimed to have miniaturised a nuclear weapon but experts have cast doubt on this. There is also scepticism about the North's claims to have developed a hydrogen bomb, which is more powerful than an atomic bomb.
Nuclear weapons expert Catherine Dill told the BBC it was not yet clear exactly what nuclear weapon design was tested.
"But based on the seismic signature, the yield of this test definitely is an order of magnitude higher than the yields of the previous tests."
Current information did not definitively indicate that a thermonuclear weapon had been tested "but it appears to be a likely possibility at this point", she said.


Hydrogen bombs use fusion - the merging of atoms - to unleash huge amounts of energy, whereas atomic bombs use nuclear fission, or the splitting of atoms.

Warren Buffett: Here's why I haven't been criticizing Donald Trump - CNBC News

Warren Buffett: Here's why I haven't been criticizing Donald Trump
Berkshire Hathaway chief Warren Buffett, who's remained quiet on President Trump, tells CNBC he tries not to mix business and politics.
Buffett says he's not in the business of attacking any presidents and he's not going to start with Trump.
Matthew J. Belvedere | @Matt_Belvedere
Published 11:53 AM ET Wed, 30 Aug 2017
Buffett: I'm not in the business of attacking any president Buffett: I'm not in the business of attacking any president
11:38 AM ET Wed, 30 Aug 2017 | 01:23
At a time when corporate leaders have been highly critical of President Donald Trump over his response to deadly violence at a white nationalist rally in Charlottesville, Virginia, Berkshire Hathaway Chairman and CEO Warren Buffett has remained quiet, telling CNBC on Wednesday he tries not to mix business and politics.
"I'm not in the business of attacking any president, nor do I think I should be," Buffett said in a "Squawk Alley" interview.
Earlier this month, a deluge of CEOs distanced themselves from Trump in the wake of Charlottesville by leaving White House business advisory councils, which were later dissolved.
The tipping point for corporate America seemed to come Aug. 15 when the president angrily doubled down on his original comments about the deadly rally, and again blamed both the white nationalists and the counterprotesters for the mayhem.
Trump's critics felt he put neo-Nazis on the same moral footing as the demonstrators who gathered to denounce their racist views.
As a supporter of Democrat Hillary Clinton in the 2016 presidential race, Buffett said he was disappointed by the election result. "I worked for Hillary. I raised money for Hillary. I voted for Hillary. I was disappointed when she lost."
But Buffett argued, as he has in the past, that "this country will move forward [under Trump.] It is important that government functions well."
"I won't say if my candidate doesn't win, and probably half the time they haven't, I'm going to take my ball and go home," he said.
Earlier on CNBC, Buffett said he does not think the economy feels like it's growing at 3 percent, a level Trump and his administration have set as a goal for what they view as their business-friendly economic agenda of tax cuts and infrastructure spending.
Buffett, who turned 87 on Wednesday, said he's lived through 15 of the 45 presidents.
"Forty-five presidents of the United States and I lived under a third of them," he said. "I bought stocks under 14 of the 15. The first one was [President Herbert] Hoover. I was only 2 when he left so I hadn't gotten active at that point. But [ Franklin Delano] Roosevelt was next. And I bought stocks under him, even though my dad thought it was the end of the world when he got elected."
Buffett was in New York City on Wednesday for a private lunch with the winner of an annual auction to benefit Glide, a San Francisco-based homeless charity. The winner, who wishes to remain anonymous, paid $2,679,001

Warren Buffett’s 10 Best Pieces of Advice Ever - Fortune

Warren Buffett’s 10 Best Pieces of Advice Ever
GoBankingRates
Feb 07, 2017
Warren Buffett is arguably the best-known, most respected investor of all time. Buffett is also known for his folksy charm, and his memorable quotes about the art of investing.
When you're aiming to reach the top of the mountain, it's usually wise to closely follow the footprints of those who have successfully made the climb before you. Your odds of investing success can increase exponentially if you learn and apply Buffett's best investing tips.
1. Never Lose Money
One of the most popular pieces of Buffett advice is as follows: "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." If you're working from a loss, it's that much harder to get back to where you started, let alone to earn gains.
2. Get High Value at a Low Price
In the 2008 Berkshire Hathaway shareholder letter, Buffett shared another key principle: "Price is what you pay; value is what you get." Losing money can happen when you pay a price that doesn't match the value you get — such as when you pay high interest on credit card debt or spend on items you'll rarely use.
Instead, live modestly like Buffett by looking for opportunities to get more value at a lower price. "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down," Buffett wrote.
3. Form Healthy Money Habits
In a 2007 address at the University of Florida, Buffett said, "Most behavior is habitual, and they say that the chains of habit are too light to be felt until they are too heavy to be broken." Work on building positive money habits, and breaking those that hurt your wallet.
4. Avoid Debt, Especially Credit Card Debt
"Becoming Warren Buffett" World Premiere
5. Keep Cash On Hand
Another key to ensuring security is to always keep cash reserves on hand. "We always maintain at least $20 billion — and usually far more — in cash equivalents," Buffett said in the 2014 Berkshire Hathaway annual report.
Businesses and individuals alike might get an itch to put liquid cash to work through investments. "Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent," Buffett said. "When bills come due, only cash is legal tender. Don't leave home without it."
6. Invest in Yourself
According to Inc.com, Buffett said, "Invest in as much of yourself as you can. You are your own biggest asset by far." He echoed those sentiments in a CNBC interview when he said, "Anything you do to improve your own talents and make yourself more valuable will get paid off in terms of appropriate real purchasing power."
Those returns are big, too. "Anything you invest in yourself, you get back tenfold," Buffett said. And unlike other assets and investments, "nobody can tax it away; they can't steal it from you."
7. Learn About Money
Part of investing in yourself should be learning more about managing money. As an investor, much of Buffett's job consists of limiting exposure and minimizing risk. And "risk comes from not knowing what you're doing," Buffett once said, according to Forbes. The more you know about personal finance, the more security you'll have as you minimize risks.
The lesson from this Buffett quote is to actively educate yourself about personal finance. As Charlie Munger — Buffett's partner — put it, "Go to bed smarter than when you woke up."
8. Trust a Low-Cost Index Fund for Your Portfolio
While much of Buffett's wisdom and advice borders on the philosophical, he has also provided some actionable tips that nearly anyone can apply. For instance, Buffett urges the average investor to purchase index funds.
"Put 10 percent of the cash in short-term government bonds and 90 percent in a very low-cost S&P 500 index fund," he wrote in his 2013 letter to Berkshire Hathaway shareholders.
Buffett has given this advice for years. "If you invested in a very low-cost index fund — where you don't put the money in at one time, but average in over 10 years — you'll do better than 90 percent of people who start investing at the same time," Buffett said at the 2004 Berkshire Hathaway annual meeting.
Learn: Top 7 Characteristics of the Best Mutual Funds
9. Give Back
According to Forbes, Buffett once said, "If you're in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent." And as a top member of that 1 percent himself, Buffett makes it a point to put his money where his mouth is.
Along with Microsoft co-founder Bill Gates, Buffett is a founder of The Giving Pledge, which is a promise made by more than 100 billionaires to give their fortunes away. While you might not be a billionaire, you can still enrich your life by giving back.
10. View Money as a Long-Term Game
Buffett once said, "Someone's sitting in the shade today because someone planted a tree a long time ago." And it's true. Planting and nurturing the seeds of financial success now will lead to shade to enjoy later in life. That shade might include freedom from debts, a secure retirement or the ability to cover the cost of college for your children.
Such a long-term view of money is central to Buffett's investing decisions. In his 2014 letter to shareholders, he said people should "invest with a multi-decade horizon … Their focus should remain fixed on attaining significant gains in purchasing power over their investing lifetime." He urged investors not to focus on moments of stock market volatility or economic crisis.
Building true wealth and financial security takes time, and you'll likely encounter financial challenges along the way. But viewing your finances as a lifelong endeavor can help you stay on course despite hardships. That gives you a financial foundation that will last.
This article originally appeared on GoBankingRates.com.