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...by ourselves. At that point, we knew something was really going to be weird. | ...by ourselves at that. point, we knew something was really, going to be | ...by ourselves At. that point we. knew; something was really going to be | ...by ourselves. at that point, we knew something was really going to be weird. |
The Kirk reached Con Son just as the sun was coming up. | the kirk reached con son just as the sun was coming, | The Kirk reached Con Son just as, the sun was; coming | the kirk reached con son just as the sun was coming up. |
(Soundbite of 1975 tape) | (soundbite of | (Soundbite of | (soundbite of 1975 tape) |
All these ships were out there, and they were just packed to the gills with evacuees. | all these ships were out there and they were just. packed to the gills with | All these ships were out there and they were just packed. to the gills with | all these ships were out there, and they were just packed to the gills with evacuees. |
Hugh Doyle was the Kirk's chief engineer. He made cassette tapes to send home to his wife. Today, they're one of the best records of what happened. Theyve never been heard publicly until now. | hugh doyle was the kirk's. chief; engineer he made cassette tapes to send home to his. wife today they're one. of the, best records of what happened theyve never been, heard, publicly until | Hugh Doyle, was the Kirk's chief engineer He made cassette tapes to send home to his wife Today. they're one of the best. records of what happened Theyve never been heard publicly until | hugh doyle was the kirk's chief engineer. he made cassette tapes to send home to his wife. today, they're one of the best records of what happened. theyve never been heard publicly until now. |
(Soundbite of 1975 tape) | (soundbite of | (Soundbite of | (soundbite of 1975 tape) |
Peasants, navy people, fishermen, everything. They had come and they all had gathered, from all up and down the coast, they had all gathered at Con Son Island. | peasants navy people fishermen everything they had come, and they all. had gathered from all up and, down the. coast they had all gathered at con son | Peasants navy people. fishermen everything They had come and they all had gathered from all up. and down the coast they had all gathered at Con Son | peasants, navy people, fishermen, everything. they had come and they all had gathered, from all up and down the coast, they had all gathered at con son island. |
I'd say it's getting more dangerous, and in fact the prognosis for the immediate future actually isn't that good. What we have right now is in some ways a sort of accelerating set of provocative actions by North Korea and threatening to abandon the 1953 Armistice, these missile launches. And that actually to me indicates that they're not as focused on what's happening externally and they're more focused on internal moves, because they're not spacing these things out. They don't seem to be even waiting for reaction. | i'd say it's getting more, dangerous and in fact the prognosis for the, immediate future actually isn't. that good what we have right now is in some ways a sort of accelerating set, of provocative actions by north korea and threatening. to abandon the 1953 armistice, these missile launches and that actually. to me indicates that they're not as focused on what's happening externally and they're, more focused on, internal moves because they're not spacing these things out they, don't. seem to; be. even waiting for | I'd say it's getting more. dangerous and in fact; the prognosis for the immediate future actually isn't that good What we have right now is in some ways a sort. of accelerating set of provocative actions by North Korea and threatening to abandon the 1953 Armistice these missile launches And that actually to me indicates that they're, not as focused on what's happening externally and they're more focused on. internal moves because they're not spacing these things out They don't seem to be even waiting for | i'd say it's getting more dangerous, and in fact the prognosis for the immediate future actually isn't that good. what we have right now is in some ways a sort of accelerating set of provocative actions by north korea and threatening to abandon the 1953 armistice, these missile launches. and that actually to me indicates that they're not as focused on what's happening externally and they're more focused on internal moves, because they're not spacing these things out. they don't seem to be even waiting for reaction. |
Yet North Korea's neighbors, we know that they have obviously missiles certainly capable of reaching almost every part of Japan. Now that they've detonated a second nuclear device, this one far more successfully than the first, should Japan, South Korea, Russia, China, should they assume that North Korea can now fire nuclear missiles at them? | yet north korea's neighbors we know, that they have obviously missiles certainly capable of reaching almost every part of japan now that they've detonated a second nuclear device this one far more successfully than the first should japan south korea russia china should they, assume. that north korea can now fire nuclear missiles. at | Yet North Korea's neighbors we, know that they have obviously missiles certainly capable of, reaching almost every part of Japan Now that, they've detonated a second. nuclear device this one far more successfully; than the first should Japan South Korea Russia. China should they assume that North. Korea can now fire nuclear missiles at | yet north korea's neighbors, we know that they have obviously missiles certainly capable of reaching almost every part of japan. now that they've detonated a second nuclear device, this one far more successfully than the first, should japan, south korea, russia, china, should they assume that north korea can now fire nuclear missiles at them? |
That's a long way off. In fact, that's years off. They have a bomb, they've got a missile, but they haven't shown that they can capably put the bomb on the missile and get it to blow up. That's one reason that there is a sort of technological incentive to continue testing these things. So they don't have a demonstrated delivery capability yet, but certainly they can still do a lot of damage. | that's a long; way off in fact that's years off they have a. bomb they've got a missile but they haven't shown that they, can capably put the. bomb on the missile and get it to blow up that's one reason that there. is a sort of technological incentive to. continue testing these things so they don't have a demonstrated delivery capability yet but certainly they can still do a, lot of | That's a long way off In fact that's years off They, have a bomb they've. got a missile but they haven't shown that they can capably put the bomb on the, missile and get it to blow up That's one reason. that there is a sort. of technological incentive to continue testing these things So they don't have a demonstrated delivery capability yet but certainly they can still do a lot of | that's a long way off. in fact, that's years off. they have a bomb, they've got a missile, but they haven't shown that they can capably put the bomb on the missile and get it to blow up. that's one reason that there is a sort of technological incentive to continue testing these things. so they don't have a demonstrated delivery capability yet, but certainly they can still do a lot of damage. |
And North Korea in the past has proliferated its missile technology. It has also helped in the proliferation of nuclear technology as well. Should we assume that these weapons might be for sale? | and north korea in the past; has proliferated its missile technology it. has, also helped in. the, proliferation of nuclear technology. as well should we assume that these weapons might be for | And North Korea in the past has proliferated its missile technology It, has also helped in the proliferation. of nuclear technology, as well Should we assume that these weapons might. be for | and north korea in the past has proliferated its missile technology. it has also helped in the proliferation of nuclear technology as well. should we assume that these weapons might be for sale? |
In the longer run, there's a proliferation concern, no question about it. North Korea has been shown, as you said, to sell their missiles and their know-how to anyone who's got enough money. In the short run, North Korea isn't making any more Plutonium. We know that they had enough for between, say, eight and 12 nuclear bombs. They have detonated two, so they've only got enough for six or 10 left, and so it's highly unlikely that Kim is going to be selling the actual bombs until they make more, but the know-how and the technology they certainly might sell. | in the longer run there's a proliferation concern. no. question about it north korea has been, shown as you said to sell their missiles and their know-how, to anyone who's. got enough money in the short run north korea isn't making any more plutonium we know that they had enough for between say eight and 12 nuclear bombs. they have detonated two so they've only got enough for six or 10 left and, so it's highly unlikely that kim is going to be selling the actual bombs until they make more but the know-how and the technology they certainly might | In the longer run there's a. proliferation. concern no question about it North Korea has. been shown as you, said to sell. their missiles and their know-how to. anyone who's got enough money. In the short run North Korea isn't making any more Plutonium We know that they had enough for between say eight, and 12 nuclear bombs They have detonated two so they've only got enough for six or 10 left and so it's. highly unlikely that Kim is going to be selling the actual bombs, until they, make more but the know-how and the technology they certainly might | in the longer run, there's a proliferation concern, no question about it. north korea has been shown, as you said, to sell their missiles and their know-how to anyone who's got enough money. in the short run, north korea isn't making any more plutonium. we know that they had enough for between, say, eight and 12 nuclear bombs. they have detonated two, so they've only got enough for six or 10 left, and so it's highly unlikely that kim is going to be selling the actual bombs until they make more, but the know-how and the technology they certainly might sell. |
And they have restarted their production plant, so they can make more plutonium and of course they may have highly enriched uranium too. | and they have restarted their production. plant so they can make more plutonium and of course they may have highly enriched uranium | And they have restarted their production plant so they can make more plutonium and of course they may have highly enriched uranium | and they have restarted their production plant, so they can make more plutonium and of course they may have highly enriched uranium too. |
Yeah. I mean both of those are a long way off in terms of years. The Yongbyon plant which was the main source of their plutonium, they actually dismantled that last year. There was sort of dramatic footage of them blowing up the cooling tower. And so while they can restart to build that, it's not gone to - it's not like they can just turn a switch and start making more plutonium. The highly enriched uranium, which is the other program that they had going was only in its initial stages. And so even that's a couple of years off, which doesn't mean that the threat's not there, but it certainly isn't an imminent threat. | yeah i mean both of those are a long way off in terms. of, years the yongbyon plant which was the main source of; their plutonium, they actually dismantled that, last year there was sort, of dramatic footage of. them blowing up the cooling tower and so while they can restart to build that it's not. gone. to - it's not like they can, just turn a switch and start making more plutonium the highly enriched uranium which. is the other program that they had going was only. in, its initial stages and so even that's a couple of years off which doesn't mean that the threat's not, there but it certainly isn't an imminent | Yeah I mean both of those are a long way off in terms, of years The Yongbyon plant which was the main source of their plutonium they actually dismantled that last year There was. sort of dramatic footage of, them blowing up the cooling tower And so while they can restart to build that it's not gone to - it's, not like they can just turn. a switch and start making more plutonium The highly enriched uranium which is the other program that they had going, was only in its initial stages And so even that's a couple of years off which doesn't mean that the threat's not there but it certainly isn't, an imminent | yeah. i mean both of those are a long way off in terms of years. the yongbyon plant which was the main source of their plutonium, they actually dismantled that last year. there was sort of dramatic footage of them blowing up the cooling tower. and so while they can restart to build that, it's not gone to - it's not like they can just turn a switch and start making more plutonium. the highly enriched uranium, which is the other program that they had going was only in its initial stages. and so even that's a couple of years off, which doesn't mean that the threat's not there, but it certainly isn't an imminent threat. |
We're talking with David Kang who is the director of the Korean Studies Institute at USC. If you'd like to join the conversation about North Korea, 800-989-8255. Email: [email protected]. And Jeff(ph) is calling from Boise. | we're. talking with david kang who is the director of the, korean studies institute at, usc if you'd. like to. join the conversation about north korea 800-989-8255. email: [email protected] and jeff(ph) is calling from | We're, talking with David Kang who is the director of the Korean Studies Institute. at USC, If you'd. like to join the conversation about. North Korea 800-989-8255. Email: [email protected] And Jeff(ph) is calling from | we're talking with david kang who is the director of the korean studies institute at usc. if you'd like to join the conversation about north korea, 800-989-8255. email: [email protected]. and jeff(ph) is calling from boise. |
Hi. Thanks for taking my call. | hi thanks for taking my | Hi Thanks for taking my. | hi. thanks for taking my call. |
Go ahead. | go | Go | go ahead. |
If I remember correctly, a few years ago when North Korea did another nuclear test, China got upset and started turning off some of the power and the fuel that they were sending to North Korea. And I was wondering if that would be an option, if China would be willing to do - something kind of maybe a little heavier handed this time. | if i remember correctly a few. years ago when north korea did another nuclear test china got. upset and started turning off some of the power and the fuel that they; were sending to north korea and i was wondering if that would be an option if china would be, willing. to do - something kind of maybe a little heavier, handed this | If. I, remember correctly a few years ago when North Korea did another nuclear test China got upset and started turning. off some of the power and the fuel that they were sending to North Korea And I was, wondering if that would be an option if China would be willing to, do - something kind of. maybe a little heavier handed this | if i remember correctly, a few years ago when north korea did another nuclear test, china got upset and started turning off some of the power and the fuel that they were sending to north korea. and i was wondering if that would be an option, if china would be willing to do - something kind of maybe a little heavier handed this time. |
Well, certainly everyone thinks that China has the most influence over North Korea. The thing we also have to remember is that still is very limited influence over North Korea. North Korea is extremely dependent on China for economic aid, for its trade - over 50 percent of its trade goes to China. So yes, if they decide to pull out a sledgehammer, they could probably cause North Korea to collapse or certainly give it extreme pain right away. But that's a huge step to take. | well certainly everyone thinks that china has the most influence over north korea, the thing we also have to remember is that still is very limited influence over north korea north. korea, is extremely dependent on china for economic; aid for its trade - over 50 percent of its trade goes to china so yes if they decide to pull out a sledgehammer they could probably cause, north korea to collapse or certainly give it extreme pain right away but that's a huge step to | Well certainly everyone thinks that China. has the most influence, over. North Korea The thing we also. have to remember is that still is very limited. influence over North Korea North Korea. is extremely dependent; on China for economic aid for its trade - over 50 percent of its, trade, goes to China So yes if they decide to pull out a sledgehammer they could. probably cause North Korea to. collapse or; certainly give it extreme pain right away But, that's a huge. step to | well, certainly everyone thinks that china has the most influence over north korea. the thing we also have to remember is that still is very limited influence over north korea. north korea is extremely dependent on china for economic aid, for its trade - over 50 percent of its trade goes to china. so yes, if they decide to pull out a sledgehammer, they could probably cause north korea to collapse or certainly give it extreme pain right away. but that's a huge step to take. |
And China's been very cautious about ratcheting up the pressure in a way sort of North Korea's dependence on China is its strength. Because China would have to risk actually causing the regime to collapse. And so they're very cautious about actually ratcheting up the pressure because neither China nor South Korea really wants to deal with the consequences of a collapsed North Korean regime. Just to take a second to talk about that, not only would you have potentially hundreds of thousands of refugees going over the border, you'd have a military that may not voluntarily disarm - could start shooting at each other. | and, china's been very, cautious about ratcheting up; the pressure in a way sort of north korea's dependence on china is, its strength because china would have to risk actually causing, the regime to collapse and so they're, very cautious about actually ratcheting up the pressure because neither china nor south korea really wants. to deal with the consequences of. a collapsed north. korean. regime just to take, a second to talk about, that not only would you have potentially hundreds of thousands of refugees going over the border you'd have a, military that. may not voluntarily disarm - could start shooting at each. | And China's been very cautious about ratcheting up the pressure in a way sort of North Korea's dependence on China is its strength Because China would have to risk actually, causing the regime to collapse And so, they're very cautious about actually ratcheting up the pressure, because neither China nor. South Korea really wants to deal with the consequences of a collapsed North Korean regime Just to take a second to talk about. that not only, would you have potentially hundreds of thousands of, refugees. going over the border you'd have a military that may not voluntarily disarm - could start shooting at each | and china's been very cautious about ratcheting up the pressure in a way sort of north korea's dependence on china is its strength. because china would have to risk actually causing the regime to collapse. and so they're very cautious about actually ratcheting up the pressure because neither china nor south korea really wants to deal with the consequences of a collapsed north korean regime. just to take a second to talk about that, not only would you have potentially hundreds of thousands of refugees going over the border, you'd have a military that may not voluntarily disarm - could start shooting at each other. |
And of course loose and unaccounted nukes running around the country. So this is some - you know, too much pressure or something China's going to be very cautious about applying. | and of course loose and unaccounted nukes running around the country so this is some. - you know too much pressure or something china's going to be very cautious about | And of course loose and unaccounted nukes running around the country So. this is some - you know too much pressure or something China's going to be very cautious about | and of course loose and unaccounted nukes running around the country. so this is some - you know, too much pressure or something china's going to be very cautious about applying. |
And are we going to see that at the United Nations where they are, even as we speak, discussing a resolution in response to this missile test and the nuclear test as well/ | and are we going to see that at the united nations where they are even as, we speak discussing a resolution in response to this. missile, test and the nuclear test as | And are. we going. to see that at the. United, Nations where they are even as we speak, discussing. a resolution. in response to this missile test and the nuclear test as | and are we going to see that at the united nations where they are, even as we speak, discussing a resolution in response to this missile test and the nuclear test as well/ |
Yeah. I mean China went along with the sanctions in 2006 because this is in many ways this - the first test and the second test is sort of an insult to Chinese diplomacy. I mean China has been the country that's been trying hardest to get the U.S., North Korea, South Korea, Japan, to the bargaining table. So this is, in many ways, a sort of direct slap to China. And they're quite annoyed. And there's a lot of debate within China about what to do. Ultimately how they come out, nobody knows. My sense is that they're still going to be very cautious about applying too harsh of sanctions. | yeah i mean china went along with the sanctions in 2006 because this, is in many ways this. - the first test and the second test is sort of an insult to chinese diplomacy i mean. china has been; the country that's been trying hardest to get the u.s., north korea south korea japan to the bargaining table so this is in many ways a sort of direct slap. to china and they're. quite annoyed and there's a lot of debate within china about what to do ultimately how they come out nobody knows my sense is that they're still going to be very cautious about applying too harsh of | Yeah I mean China went along with the sanctions in 2006 because. this is in many ways this - the first test and the second test is sort of, an insult to Chinese diplomacy I, mean China. has been the; country that's; been trying hardest, to get the U.S., North Korea South Korea Japan to the bargaining table So this is in many ways a, sort of direct slap to China. And they're, quite annoyed And there's a. lot of debate within China about what to do Ultimately how they come out nobody knows My sense, is, that they're still going to be very cautious about applying too harsh of | yeah. i mean china went along with the sanctions in 2006 because this is in many ways this - the first test and the second test is sort of an insult to chinese diplomacy. i mean china has been the country that's been trying hardest to get the u.s., north korea, south korea, japan, to the bargaining table. so this is, in many ways, a sort of direct slap to china. and they're quite annoyed. and there's a lot of debate within china about what to do. ultimately how they come out, nobody knows. my sense is that they're still going to be very cautious about applying too harsh of sanctions. |
Thanks for the call Jeff. | thanks for the call | Thanks for the call | thanks for the call jeff. |
Thank you. | thank | Thank | thank you. |
Bye, bye. Let me ask you also about reactions by some of the other neighbors of North Korea. We saw a quote from a former minister of defense in Japan saying today that given the situation in North Korea, Japan would be well advised to develop the capabilities to make a preemptive strike if that should be necessary. | bye bye let me ask you, also about reactions by some of. the other neighbors of north korea. we saw a, quote. from a, former, minister of defense in japan saying, today, that given the situation in north korea japan would be well advised to develop the capabilities to make a preemptive strike if that should be | Bye bye Let me ask you also about reactions by some of the other neighbors of North Korea We saw a quote from a, former minister, of defense in Japan saying today that given the situation in North Korea Japan would be well advised, to develop the capabilities to make. a preemptive strike if that should be | bye, bye. let me ask you also about reactions by some of the other neighbors of north korea. we saw a quote from a former minister of defense in japan saying today that given the situation in north korea, japan would be well advised to develop the capabilities to make a preemptive strike if that should be necessary. |
Yeah. I mean the debate in Japan over North Korea has been essentially a debate about not only a North Korean threat, but also how to deal with the 13 or 18 Japanese who were abducted by North Korea during the 1970s. This came out a couple of years ago and up until that time, into the early 2000s, Japanese policy making in the public was basically in favor of an engagement strategy. When they actually found that North Korea had kidnapped a couple of dozen of their own citizens, public opinion and particularly foreign policy opinion turned very harshly negative towards North Korea. | yeah i mean, the debate, in japan over north korea has, been essentially a debate; about not only. a north korean threat but, also how to deal with the 13 or 18 japanese who were abducted by north korea during the 1970s this came out a couple of years ago and up until that time into the early 2000s japanese policy making in the public, was basically in favor of an engagement strategy when they actually found that north korea had kidnapped a couple of dozen of their own citizens public opinion and particularly foreign policy opinion turned very harshly negative towards north | Yeah I mean the debate in Japan over North Korea has been essentially a debate about not; only a North Korean threat but also how to deal with the 13 or 18 Japanese who were. abducted by North Korea during, the 1970s This came out a couple of years ago and up until that time into the, early 2000s Japanese policy making in the public was basically in favor of an engagement strategy When they actually found that North Korea had kidnapped a couple. of dozen of their own citizens public opinion and particularly foreign policy opinion turned very harshly negative towards North | yeah. i mean the debate in japan over north korea has been essentially a debate about not only a north korean threat, but also how to deal with the 13 or 18 japanese who were abducted by north korea during the 1970s. this came out a couple of years ago and up until that time, into the early 2000s, japanese policy making in the public was basically in favor of an engagement strategy. when they actually found that north korea had kidnapped a couple of dozen of their own citizens, public opinion and particularly foreign policy opinion turned very harshly negative towards north korea. |
And so Japan right now has actually fairly harsh sanctions on North Korea. And there's a lot of debate about what to do. My sense about the nuclear option is that that's more rhetorical than realistic and that it would take a lot more threat for Japan to actually cross that barrier. | and so japan right now has actually. fairly harsh sanctions on north korea and, there's a. lot of debate about what to do my sense about the nuclear option is that that's more rhetorical than realistic and, that it would take a lot more threat for; japan to actually cross that, | And so Japan right now has actually fairly harsh sanctions on. North Korea And there's a lot of debate about what to do My sense about the nuclear option is that, that's more. rhetorical than realistic and that it would take, a lot more threat for Japan to, actually cross that | and so japan right now has actually fairly harsh sanctions on north korea. and there's a lot of debate about what to do. my sense about the nuclear option is that that's more rhetorical than realistic and that it would take a lot more threat for japan to actually cross that barrier. |
And as you look at South Korea, the present government there has been much harder lined against North Korea than the previous regime there in Seoul. And typically in the past, the North Koreans, when the government in Seoul was hard lined against them, they tried to appeal to the United States and when the government in Seoul was in favor of engagement, they were very hard lined against the United States. And now they're just seemingly provoking everybody. | and as you. look, at. south korea. the present, government there has been much, harder lined against north korea than, the previous regime there in seoul and typically in the past the north, koreans when the government, in seoul was hard lined against them they tried to appeal to the united states and when the government in. seoul was in favor of engagement they, were. very hard lined against the united states and now they're; just seemingly provoking | And as you look at South Korea the present government there has been much harder lined against North Korea than the, previous; regime there in Seoul And typically in the past the North Koreans when the government in Seoul was hard; lined against, them they tried to appeal to the United States and when the government in Seoul was in favor of engagement they were very hard lined against the; United States And now, they're just seemingly provoking | and as you look at south korea, the present government there has been much harder lined against north korea than the previous regime there in seoul. and typically in the past, the north koreans, when the government in seoul was hard lined against them, they tried to appeal to the united states and when the government in seoul was in favor of engagement, they were very hard lined against the united states. and now they're just seemingly provoking everybody. |
(Soundbite of laughter) | (soundbite of | (Soundbite. of | (soundbite of laughter) |
Yeah, that's true. The current South Korean government under President Lee Myung-bak took power with the claim to have engagement with reciprocity, meaning that the were - that the South Korean government is happy to expand economic ties with North Korea but they're going to make sure that North Korea gives something in return. That policy has led to a decrease in economic trade between North and South Korea, the closing of some of the tourism that had been going back and forth and a lot of rhetorical conflict on both sides. Right now, I think the Lee Myung-bak government is actually considering what they can do. But again I think that there will be a sort of more measured and a more calm response rather than an over-reaction. | yeah that's true the current south korean government under president lee myung-bak took power with the claim to have engagement with reciprocity meaning that the were - that, the south korean government is happy to expand economic ties with north korea but they're going to make sure that. north korea gives something in return that policy has led to a decrease in economic trade between north and south korea. the closing of some of the tourism that had been going back and forth and a lot of rhetorical conflict on both sides right, now i think the lee myung-bak government is actually considering what. they can do but again i, think. that there will be a sort of more measured and a, more calm response, rather than, an | Yeah. that's true The current South, Korean government under President Lee Myung-bak took. power with the claim. to have engagement with reciprocity meaning that the were - that. the South Korean government is happy to expand economic ties with North Korea but they're going to, make sure that. North Korea gives something in return, That policy has led to a decrease in economic trade between North and South Korea the closing of some of the tourism that had been going back and, forth and a lot. of. rhetorical. conflict; on both sides Right now, I think the Lee Myung-bak government is actually considering what they, can do But again I think that there will be a sort of more measured. and a. more. calm. response rather than an | yeah, that's true. the current south korean government under president lee myung-bak took power with the claim to have engagement with reciprocity, meaning that the were - that the south korean government is happy to expand economic ties with north korea but they're going to make sure that north korea gives something in return. that policy has led to a decrease in economic trade between north and south korea, the closing of some of the tourism that had been going back and forth and a lot of rhetorical conflict on both sides. right now, i think the lee myung-bak government is actually considering what they can do. but again i think that there will be a sort of more measured and a more calm response rather than an over-reaction. |
Just update us too, there were a couple of journalists, TV journalists, who work for - making a film for Al Gore's TV channel, who were arrested in North Korea for filming illegally. What's their status? | just update us too there were a couple of journalists tv journalists who; work for, - making a film for al gore's tv; channel who were arrested in north korea for, filming illegally what's their | Just, update us too there were a couple of journalists TV journalists who work for - making a film, for Al Gore's TV channel who were arrested in North Korea for filming illegally What's their | just update us too, there were a couple of journalists, tv journalists, who work for - making a film for al gore's tv channel, who were arrested in north korea for filming illegally. what's their status? |
Well, they're going to trial right now. They were arrested about two months ago. And this has actually happened to U.S. citizens before: 1989 and actually in 1994, I think it was, or 1995, some American servicemen were in a helicopter that got lost, got shot down. The North Koreans were going to put them on trial for spying, etc. And in both previous cases, the solution was a diplomatic solution where a high-level U.S. envoy went to Pyongyang, negotiated the release and eventually came back with them. Right now, the U.S. is considering doing that. And probably that's the only solution to getting the two journalists back. | well they're going, to trial. right now they were arrested about two months ago and, this has actually happened to u.s citizens; before: 1989 and actually. in 1994, i think it was or 1995, some american servicemen were in a helicopter that got lost got shot down the north koreans were going to put them on trial for spying etc and. in both previous cases the solution was a diplomatic solution where a high-level u.s envoy went to pyongyang negotiated the release and eventually came back with them right now the. u.s is considering doing that and probably that's the only solution to getting the two journalists | Well they're going to trial right now They were arrested about two months ago And, this has actually happened to U.S citizens before: 1989 and actually in 1994, I think it. was or 1995, some American servicemen were. in a helicopter that got lost got shot down, The North Koreans were going to put them on trial for spying etc And in both previous cases the solution was a diplomatic solution where a, high-level U.S, envoy went to Pyongyang negotiated, the release and. eventually came back with them Right now the, U.S. is considering doing that And, probably that's the only solution to getting the two journalists | well, they're going to trial right now. they were arrested about two months ago. and this has actually happened to u.s. citizens before: 1989 and actually in 1994, i think it was, or 1995, some american servicemen were in a helicopter that got lost, got shot down. the north koreans were going to put them on trial for spying, etc. and in both previous cases, the solution was a diplomatic solution where a high-level u.s. envoy went to pyongyang, negotiated the release and eventually came back with them. right now, the u.s. is considering doing that. and probably that's the only solution to getting the two journalists back. |
We are talking with David Kang, professor of international relations and business at the University of Southern California, director of the Korean Studies Institute at USC. And you're listening to TALK OF THE NATION from NPR News. Let's go to Ross(ph). Ross calling from Minneapolis. | we are talking with david kang professor of international relations and business at the university of southern california director of the korean studies institute at usc and you're listening, to talk of the nation from npr news let's go to ross(ph). ross. calling from | We are talking with, David Kang professor of international relations and business at the. University of Southern California director of the Korean Studies. Institute at USC And, you're listening to TALK OF THE, NATION from NPR News Let's, go to Ross(ph). Ross calling from | we are talking with david kang, professor of international relations and business at the university of southern california, director of the korean studies institute at usc. and you're listening to talk of the nation from npr news. let's go to ross(ph). ross calling from minneapolis. |
Yes. In all the discussion about North Korea, I rarely hear the discussion about long-term plans for the west to (unintelligible) North Korea come out of their isolationist cocoon. How do we do this long-term? | yes in all the discussion about north korea i rarely hear the discussion about long-term plans for the west to (unintelligible) north korea come out of their isolationist, cocoon how do we do this | Yes In all the discussion about North Korea. I rarely hear the discussion about long-term plans for the west to (unintelligible) North Korea come out of their isolationist cocoon, How do we do this, | yes. in all the discussion about north korea, i rarely hear the discussion about long-term plans for the west to (unintelligible) north korea come out of their isolationist cocoon. how do we do this long-term? |
Well, that in part was the original South Korean policy started under a president about 10 years ago, Kim Dae-Jung, who called it the Sunshine Policy based on the old, I guess, the fable about the man taking his coat off if there is enough sun and the only way to get them to open up is by engaging. That policy led to an increase of trade between South Korea and North Korea. There are many who still think that ultimately the only way to get North Korea to change its ways is to meet them halfway and to try and get more trade and more travel into North Korea. | well that in part was the original south korean policy started under a president about 10 years ago kim dae-jung who called it the sunshine policy based on the old i guess the fable. about the man taking his coat off if there is enough sun and the only way to get them to open up, is by engaging that policy led to an increase of trade between south korea and north korea there are many who, still. think, that ultimately the only way to get north korea to change its ways is to meet them halfway and to try; and get. more trade and more travel into north | Well that in part was the original South Korean. policy. started under a president about 10 years ago Kim Dae-Jung who called, it the Sunshine, Policy based on the old I, guess the fable about the man taking his coat off if there is enough sun and the only way to get them to open up is by engaging That, policy led to an. increase. of trade between South Korea and North Korea There are many who still think that ultimately the only way to get North Korea; to, change its, ways is to meet them halfway and to try and get more trade and, more travel into North | well, that in part was the original south korean policy started under a president about 10 years ago, kim dae-jung, who called it the sunshine policy based on the old, i guess, the fable about the man taking his coat off if there is enough sun and the only way to get them to open up is by engaging. that policy led to an increase of trade between south korea and north korea. there are many who still think that ultimately the only way to get north korea to change its ways is to meet them halfway and to try and get more trade and more travel into north korea. |
That's on hold right now though, partially because of a new South Korean government, that thought there should be more reciprocity. And partially because I don't think any country, certainly not the United States, Japan or South Korea, is going to move too far down that path with a nuclear-armed North Korea. The issue is always, North Korea says they're willing to give up nuclear weapons for normalization and open trade relations, particularly with the United States. The U.S. says, we're also willing to do that but you to disarm first. And North Korea says, well, you have to normalize relations first. And so we have a stalemate. | that's on hold right, now though partially because of a new south korean government that thought there should be more reciprocity and partially because i don't think any country certainly. not the united states japan or south korea is going to move too far down that path with a nuclear-armed, north korea the issue. is always north. korea says, they're willing to give. up. nuclear weapons for normalization and open trade relations particularly with the united states the u.s says we're also willing, to do that but you to, disarm first and north korea says well you. have to normalize relations. first and so we, have a | That's; on hold right now. though partially because of a new South Korean government, that thought there should be more reciprocity And partially because I, don't think any country certainly not the United States Japan or South Korea is going to move too far, down that path, with a nuclear-armed North Korea The issue is, always, North; Korea says they're willing to give up nuclear weapons for normalization and open trade. relations, particularly with the United States The U.S says we're also willing to do that but you to disarm, first And North Korea says well you have to normalize relations first And, so we have, a | that's on hold right now though, partially because of a new south korean government, that thought there should be more reciprocity. and partially because i don't think any country, certainly not the united states, japan or south korea, is going to move too far down that path with a nuclear-armed north korea. the issue is always, north korea says they're willing to give up nuclear weapons for normalization and open trade relations, particularly with the united states. the u.s. says, we're also willing to do that but you to disarm first. and north korea says, well, you have to normalize relations first. and so we have a stalemate. |
And certainly the climate right now is that the U.S. government is not going to press forward very eagerly with engagement or expansion of trade ties until there's been some progress on the nuclear front. | and certainly the climate right now is that the u.s, government is not, going to press forward very eagerly with engagement or, expansion of trade ties until there's been some progress on. the nuclear. | And certainly the climate right now is that the U.S government is not going to press forward very eagerly with engagement or expansion of trade ties until there's been some progress on the nuclear, | and certainly the climate right now is that the u.s. government is not going to press forward very eagerly with engagement or expansion of trade ties until there's been some progress on the nuclear front. |
Ross, thank you. Let's see if we can go next to - this is Todd(ph). Todd with us from Cincinnati. | ross thank you let's see if we can go next to - this is todd(ph). todd with, us. from | Ross thank you Let's see if we can go next to - this, is Todd(ph). Todd with us from | ross, thank you. let's see if we can go next to - this is todd(ph). todd with us from cincinnati. |
Thanks. Thanks for taking my call. My question is pretty brief but - what is North Korea's goal, what are they trying to get out of doing this in the face of the world community… | thanks thanks for. taking my call my question, is pretty brief but - what is north korea's goal what are they trying to get out of doing this in the face of the, world | Thanks Thanks for taking my call My question is pretty brief but - what is North Korea's goal what are they trying to get out of doing this in the face of the world | thanks. thanks for taking my call. my question is pretty brief but - what is north korea's goal, what are they trying to get out of doing this in the face of the world community… |
Is it… | is | Is | is it… |
…any thoughts on that? | …any thoughts, on | …any thoughts; on | …any thoughts on that? |
Is it as simple as their regime's survival? | is it as simple, as their regime's | Is it as simple as their regime's | is it as simple as their regime's survival? |
Yeah. I mean most likely, North Korean leadership is like any other dictator, they want to stay in power. The question is how best to do that. We use to think or there was a fair amount of debate about what whether there was a fair amount of debate about whether there was actually a chance for North Korea to negotiate away its nuclear weapons or whether they fully intended to keep them no matter what. This debate was a lot more lively 10 years ago. I think there's an increasing belief that North Korea's made a strategic decision that they need their nuclear weapons. So (unintelligible) regime survival. As a bargaining chip, they are - you know, do they really just want a relationship with United States? It's not quite clear beyond regime survival what they're actually trying to get. | yeah i, mean most likely north korean leadership is like any other dictator they want to stay in. power the question is how best to do, that we use to think or there was a fair amount of debate about what whether there was a fair amount of debate about whether there was actually a chance for north korea. to, negotiate away its nuclear; weapons or whether they fully intended to keep them no matter what this debate, was a lot, more lively 10 years ago i think there's an. increasing belief that north korea's. made a strategic decision that they need their nuclear weapons so (unintelligible) regime survival as a bargaining chip they, are - you know do they really just want a relationship with united, states? it's not quite clear beyond regime survival what they're actually trying to | Yeah I mean most likely North Korean leadership is like any other dictator they want to. stay in power The question is how best to do that, We use to think or, there was a fair amount of debate about what. whether there was a fair. amount of debate about whether there was actually. a chance for North Korea to. negotiate away its nuclear weapons or whether. they. fully intended to keep them no matter, what This debate was a lot more lively 10 years ago I think there's an increasing belief that North Korea's; made a strategic decision, that they need, their nuclear weapons So (unintelligible) regime survival As. a bargaining chip they, are - you know, do; they really just. want a relationship with United States? It's not quite clear beyond regime survival what they're actually trying to | yeah. i mean most likely, north korean leadership is like any other dictator, they want to stay in power. the question is how best to do that. we use to think or there was a fair amount of debate about what whether there was a fair amount of debate about whether there was actually a chance for north korea to negotiate away its nuclear weapons or whether they fully intended to keep them no matter what. this debate was a lot more lively 10 years ago. i think there's an increasing belief that north korea's made a strategic decision that they need their nuclear weapons. so (unintelligible) regime survival. as a bargaining chip, they are - you know, do they really just want a relationship with united states? it's not quite clear beyond regime survival what they're actually trying to get. |
Thanks Todd. And let's go next to Chris(ph). Chris in Minneapolis. | thanks todd and let's go next to; chris(ph). chris in | Thanks Todd And let's go next to Chris(ph). Chris in | thanks todd. and let's go next to chris(ph). chris in minneapolis. |
Hi, yeah. Thanks for the moment here. I - my question is simple. It's why we as Americans care about what is going on over there? I mean obviously there's the humanist angle, we don't want to see things like this going on, but if there's like a bully in Los Angeles, why - if I live in New York City, why should I care about a serial killer on the lose or a criminal in Los Angeles? I guess, why we should care about what's going on in North Korea? | hi yeah thanks, for the moment here i - my question is. simple it's, why we as americans care about what, is going on over there? i mean obviously there's the humanist angle we don't want to see things like this going on but if there's like a bully. in los angeles; why - if i live. in new york city why should i care, about a serial killer on the lose or a criminal in los angeles? i guess why we. should care about what's going on in north | Hi yeah Thanks for the. moment, here I - my question is. simple. It's why we as Americans care about what, is going. on over there? I mean obviously there's the humanist angle we don't want to see, things like this going on but; if there's like a bully in Los Angeles why - if, I live in New, York City why should I care about a serial killer on, the lose or a criminal in Los Angeles? I guess why we should care about what's going on in North | hi, yeah. thanks for the moment here. i - my question is simple. it's why we as americans care about what is going on over there? i mean obviously there's the humanist angle, we don't want to see things like this going on, but if there's like a bully in los angeles, why - if i live in new york city, why should i care about a serial killer on the lose or a criminal in los angeles? i guess, why we should care about what's going on in north korea? |
Sure. Now that's a great question. And in some degree, we care not because North Korea can hit us with a missile because they can't yet. They don't have the capability. The U.S. is primarily concerned with the proliferation possibility. Now, as we mentioned a little bit earlier, North Korea has been known to sell it's missiles and it's weapons technology to the highest bidder. And so our concern is that North Korea will sell nuclear weapons to some terrorist group that will then turn around and use it against us. | sure now that's a great question and in some degree we care not because north korea can hit us with a missile because they can't yet they don't have the capability the. u.s is primarily concerned with the proliferation possibility now as, we mentioned a little bit earlier north. korea has been. known to; sell it's missiles and it's weapons technology to the highest bidder, and so our concern is that. north korea will sell nuclear weapons to some terrorist. group, that will then turn around and use it against | Sure Now that's a. great question And in some; degree we care not because North Korea, can hit us with a missile because they can't yet They don't have the capability The, U.S is primarily; concerned with the proliferation possibility Now as we mentioned a little bit earlier North Korea has been known to sell it's missiles and it's weapons technology to the highest bidder And so our concern is that North Korea will sell nuclear weapons to some terrorist group that will then turn around and use it against | sure. now that's a great question. and in some degree, we care not because north korea can hit us with a missile because they can't yet. they don't have the capability. the u.s. is primarily concerned with the proliferation possibility. now, as we mentioned a little bit earlier, north korea has been known to sell it's missiles and it's weapons technology to the highest bidder. and so our concern is that north korea will sell nuclear weapons to some terrorist group that will then turn around and use it against us. |
There is also a concern - Secretary of State Clinton said today, the United States is reaffirming it's treaty obligations to Japan and to South Korea. And I guess the phrase nuclear umbrella has to be used there. | there is also a concern - secretary of state clinton said today the united states is reaffirming it's treaty obligations to japan and to south korea and i guess the phrase nuclear, umbrella has to be used | There. is also a concern - Secretary of State; Clinton said today the United States is reaffirming it's treaty obligations to Japan and to South Korea And, I guess the phrase nuclear umbrella has to be used, | there is also a concern - secretary of state clinton said today, the united states is reaffirming it's treaty obligations to japan and to south korea. and i guess the phrase nuclear umbrella has to be used there. |
Well, absolutely right. And that's the second major reason that we care about this is because for the U.S. to sort of idly sit by and let any country proliferate nuclear weapons, it's probably not good in the long run. And that's certainly a consensus in the U.S. policymaking establishment. Finally, and just as important as any of these other reasons is that, northeast Asia is incredibly important to United States. Not only do we have two very long time allies, Japan and South Korea. | well absolutely right and that's the second major reason that we. care. about this is because for the; u.s to; sort of idly sit by and let any country proliferate nuclear weapons it's probably not, good in the long run; and that's certainly a consensus in the u.s policymaking. establishment finally and just as important as any of these other reasons is that northeast asia is incredibly important to united states, not only do we have. two very long time allies japan and south | Well absolutely right And that's the second major, reason that we care about this is because for the, U.S to sort of idly sit by and let, any country proliferate nuclear weapons it's probably not good in the long run And that's certainly a consensus in the U.S policymaking establishment Finally and just as important as any of these other reasons is that northeast Asia is, incredibly important to United. States Not only do we have two very long time allies Japan and South | well, absolutely right. and that's the second major reason that we care about this is because for the u.s. to sort of idly sit by and let any country proliferate nuclear weapons, it's probably not good in the long run. and that's certainly a consensus in the u.s. policymaking establishment. finally, and just as important as any of these other reasons is that, northeast asia is incredibly important to united states. not only do we have two very long time allies, japan and south korea. |
China is one of the biggest most important countries in the world. And Russia of course shares the land border with the Korean peninsula. And so events that happen in that region have a direct effect on the United States economically, politically and diplomatically. So we can't really just ignore it. | china is one of the biggest most important countries in the, world and russia of course shares the land border with, the korean peninsula and so. events that happen in that region have a direct effect on the united states economically politically, and diplomatically so we can't, really just, ignore | China is one, of the, biggest most important countries. in the world And Russia of. course shares the land. border with the Korean peninsula And so events that happen in that region have a direct effect on the United States economically politically and diplomatically So we can't really just ignore | china is one of the biggest most important countries in the world. and russia of course shares the land border with the korean peninsula. and so events that happen in that region have a direct effect on the united states economically, politically and diplomatically. so we can't really just ignore it. |
And Chris thanks very much for the call. We're getting another question. I'm not going to take the call but I'll ask the question. Are there any military options? | and chris thanks very much for the call we're getting another question i'm not going to take the call but i'll. ask the question are there. any. military | And Chris thanks. very much for the call We're getting another question I'm not going. to, take the call but I'll ask, the question Are there any military | and chris thanks very much for the call. we're getting another question. i'm not going to take the call but i'll ask the question. are there any military options? |
(Soundbite of laughter) | (soundbite of, | (Soundbite of | (soundbite of laughter) |
There always are options. Are we realistically going to use them? Almost for sure, not. Ever since the first nuclear crisis back in 1994 - '93, '94, - the U.S. has considered, could we do a preemptive strike, could we do a surgical strike, what would be the possibilities of this. And that actually -ultimately every U.S. administration Republican or Democrat has decided that military force is - the costs are too high. Seoul is less than 30 minutes from the border. The amount of devastation would just be unbelievable. So nobody really thinks about it. | there always are options, are; we realistically going to use them? almost for sure, not ever since the first nuclear crisis back in 1994 - '93, '94, - the u.s has considered could, we do a preemptive, strike could we do a surgical strike what would be the possibilities of this and that actually -ultimately every u.s administration republican or democrat has decided that military force is - the costs, are too high seoul is less than 30 minutes from the border the amount of devastation would. just. be unbelievable so nobody really thinks about | There always are options Are we realistically going to use. them? Almost. for sure not Ever since the first nuclear crisis, back in 1994 - '93, '94, - the. U.S has considered could we do a preemptive strike could we do a surgical strike what would be the, possibilities of this And that actually -ultimately every U.S administration Republican or Democrat has decided that. military force, is - the costs are too, high Seoul is less. than 30 minutes from the border The amount of, devastation would just be unbelievable So nobody really thinks about | there always are options. are we realistically going to use them? almost for sure, not. ever since the first nuclear crisis back in 1994 - '93, '94, - the u.s. has considered, could we do a preemptive strike, could we do a surgical strike, what would be the possibilities of this. and that actually -ultimately every u.s. administration republican or democrat has decided that military force is - the costs are too high. seoul is less than 30 minutes from the border. the amount of devastation would just be unbelievable. so nobody really thinks about it. |
David Kang, thanks you for your time today. | david kang thanks you for, your time | David Kang thanks you for your time | david kang, thanks you for your time today. |
My pleasure. | my | My | my pleasure. |
David Kang joined us today from the studios at NPR West. He is a professor at the University of Southern California and directs the Korean Studies Institute. This is NPR News. | david kang joined us today from the studios at npr west he is a professor at the university of southern, california and directs the korean studies institute this is npr | David Kang joined us today from the studios at, NPR West He is, a professor at the University. of Southern California and directs the Korean Studies Institute. This is, NPR | david kang joined us today from the studios at npr west. he is a professor at the university of southern california and directs the korean studies institute. this is npr news. |
The Fed slashed interest rates yesterday. The benchmark interest rate is now at a record low, fluctuating between one quarter of one percent and zero. That's the rate the banks charge each other to borrow money, and the Fed's move was designed to help thaw the credit freeze and get the economy moving again. But it also affects the rest of us, whether we're trying to get loans for business or to buy a house or a car. It affects the interest on our savings accounts and shifts incentives on what we do with our money. Yesterday, the stock market responded to the move with an enthusiastic rally. And in the Los Angeles Times today, financial writer Tom Petruno called it shock-and-awe. If you have questions about how this might affect you, if it has already, our phone number is 800-989-8255. Email us, [email protected]. Tom Petruno's piece today is titled "How the Fed's Shock-and Awe Move Could Affect You", and he joins us today by phone from the Los Angeles Times. Nice to have you on the program. | the fed slashed interest rates yesterday the benchmark interest rate is now at a. record low fluctuating between one quarter of one. percent and zero that's the rate the banks charge each other to borrow money and the fed's move was designed to help thaw. the credit freeze and get the economy moving again. but it. also affects, the rest of us whether we're trying to get loans for business or to buy a house or a car it affects; the interest on our savings accounts and shifts incentives on what we do with our money yesterday the stock market responded to the move with an enthusiastic rally and in the los angeles times today. financial writer tom petruno called it shock-and-awe if you have questions about. how, this might affect you if it has already our phone number is 800-989-8255. email us [email protected] tom petruno's; piece today, is titled "how the fed's shock-and awe move could affect, you", and he joins us today by phone from the los. angeles times nice to have. you on the | The Fed slashed interest rates yesterday The benchmark interest rate is now at a record low fluctuating between one quarter; of one percent and zero That's the, rate the banks charge each other to borrow money and. the Fed's move was; designed to, help thaw the credit. freeze and get the economy moving again But it also affects the rest of. us whether we're trying to get loans for business or to buy a house or a car It affects the, interest on our savings accounts and shifts incentives on what we do with our money Yesterday the, stock market responded to the move with an. enthusiastic rally And in the Los Angeles, Times, today financial writer Tom Petruno called it. shock-and-awe If you have questions about how this might affect you if. it has already; our phone number is 800-989-8255. Email. us [email protected] Tom Petruno's piece today is, titled "How the Fed's Shock-and Awe Move, Could Affect You", and he joins us. today by phone, from the Los Angeles Times Nice to have you on the | the fed slashed interest rates yesterday. the benchmark interest rate is now at a record low, fluctuating between one quarter of one percent and zero. that's the rate the banks charge each other to borrow money, and the fed's move was designed to help thaw the credit freeze and get the economy moving again. but it also affects the rest of us, whether we're trying to get loans for business or to buy a house or a car. it affects the interest on our savings accounts and shifts incentives on what we do with our money. yesterday, the stock market responded to the move with an enthusiastic rally. and in the los angeles times today, financial writer tom petruno called it shock-and-awe. if you have questions about how this might affect you, if it has already, our phone number is 800-989-8255. email us, [email protected]. tom petruno's piece today is titled "how the fed's shock-and awe move could affect you", and he joins us today by phone from the los angeles times. nice to have you on the program. |
Thank you. | thank | Thank | thank you. |
And why do you call this shock-and-awe? | and, why do you call this | And why do you call this | and why do you call this shock-and-awe? |
Well, they really pulled out all the stops here. Some people argued that there wasn't much new in what they'd - not much new in terms of what people expect them to do. But really the market was looking to them to cut their rate from one percent to a half, instead they basically said, no, we can go all the way to zero at this point. And then the other thing they're focusing on, and they emphasize in their statement, is what they can do now that they really can't cut rates any more if rates were already at zero on the short end, what else can they do? Well, they can move into the market, because they can basically create unlimited amounts of money with which to buy mortgage-backed securities, for example, in an attempt to drive down mortgage rates. So they already signaled in late - in November that they would begin to do that. They emphasized yesterday in their statement that they would continue with quantitative easing of monetary policy, which isn't trying with interest rates but rather trying other steps including like they're buying mortgage-backed securities. They said they might buy Treasury securities, if they want to to try to pull down interest rates there. Although those rates have already fallen dramatically. | well they really pulled out all the stops here some people argued that there wasn't much new. in what they'd - not much new in, terms of what people expect them to do but really the market was looking to them. to cut their rate from one percent to a half instead; they basically said, no we can go all the way to zero at this point and then the other thing they're focusing, on and they emphasize in their statement is what they can do now that. they really can't, cut rates; any more if rates were already at zero on the short end what. else, can they do? well, they can move, into the market because they can basically create unlimited. amounts of money with which to buy. mortgage-backed securities for example in an attempt to drive, down mortgage rates so they already signaled in late. - in november that they would begin to do that they emphasized yesterday in their statement that they would continue with, quantitative. easing of monetary policy which isn't trying with interest rates but rather trying other, steps, including like they're buying mortgage-backed securities they said they might buy treasury securities if they want to to try to pull down interest rates, there although those rates. have already fallen | Well, they really, pulled out all the stops here Some people argued that there wasn't, much new in what they'd - not much new in terms, of what people expect, them, to do But really the market was looking to, them to cut their rate from one. percent to a. half. instead they basically said no we can go all the way to zero at this point And then the other thing they're focusing on and they emphasize in their statement is what they can; do now that they, really can't. cut rates any more, if rates were already. at zero on the short end what else can they do? Well they can, move into the market because they can basically create unlimited amounts of money with which to buy mortgage-backed securities for example in an attempt to drive down mortgage rates So they already signaled in late - in November that they would begin to do that They emphasized yesterday. in their statement that they would, continue with quantitative easing of monetary, policy which isn't trying, with interest rates but rather trying other steps including like they're buying mortgage-backed securities They said they might buy Treasury securities if they, want to to try to pull down interest rates there Although those rates have already fallen | well, they really pulled out all the stops here. some people argued that there wasn't much new in what they'd - not much new in terms of what people expect them to do. but really the market was looking to them to cut their rate from one percent to a half, instead they basically said, no, we can go all the way to zero at this point. and then the other thing they're focusing on, and they emphasize in their statement, is what they can do now that they really can't cut rates any more if rates were already at zero on the short end, what else can they do? well, they can move into the market, because they can basically create unlimited amounts of money with which to buy mortgage-backed securities, for example, in an attempt to drive down mortgage rates. so they already signaled in late - in november that they would begin to do that. they emphasized yesterday in their statement that they would continue with quantitative easing of monetary policy, which isn't trying with interest rates but rather trying other steps including like they're buying mortgage-backed securities. they said they might buy treasury securities, if they want to to try to pull down interest rates there. although those rates have already fallen dramatically. |
And a lot of us might understand what that quantitative easing might mean, but we can get the message that they're going to do whatever it takes to get credit flowing again. | and a lot of us might understand, what that quantitative easing might mean but we. can get the message that they're going, to do whatever it takes to get credit flowing. | And a lot of us might understand what that quantitative, easing might mean but we can; get the message. that they're going to do whatever it takes, to get credit flowing | and a lot of us might understand what that quantitative easing might mean, but we can get the message that they're going to do whatever it takes to get credit flowing again. |
That's correct. I mean, what one money manager said to me is, look, they're trying to show the market that, despite the real fears out there, that we could be headed for Great Depression two, they are not going to let that happen. And then their statement was very constructive in that way, we are going to do everything we can. And more importantly, we're not out of bullets. There's a lot yet that we can do and will do to make sure that the economy doesn't fall into something akin to a depression. | that's, correct. i mean what one money manager. said to me is; look they're trying to show the market that despite the real fears out there that we could be headed for great depression two they are not going to let that happen and then, their statement was very. constructive in. that. way we are going to do; everything, we can and more importantly we're not out of bullets there's. a lot yet that we can do and will do to make sure that the economy doesn't fall into, something akin to a | That's correct I mean what one money manager said to; me is look they're trying to show the market that despite the real fears out there that we could be headed for Great Depression two they are not going to let that happen And then their statement was very constructive in that way we are going to do everything we can And more importantly. we're not out of bullets; There's a lot yet. that we can do and will do to make sure that. the; economy doesn't fall into something akin to a | that's correct. i mean, what one money manager said to me is, look, they're trying to show the market that, despite the real fears out there, that we could be headed for great depression two, they are not going to let that happen. and then their statement was very constructive in that way, we are going to do everything we can. and more importantly, we're not out of bullets. there's a lot yet that we can do and will do to make sure that the economy doesn't fall into something akin to a depression. |
One effect that you did note, however, is that for people who have their money in savings accounts is something we're all told we should do. Well, this is not good news. | one effect, that you did note however is that for people who have their money in savings accounts is something we're all told we should do well this is not, good | One, effect that you did note however is that for people who have their money; in savings. accounts is something we're. all told we should do Well this is not good | one effect that you did note, however, is that for people who have their money in savings accounts is something we're all told we should do. well, this is not good news. |
No. Well, that's the sad thing about this, of course, is right, we're trying to tell Americans, you didn't save enough money for the last 20 years now start saving money. And then they go to the bank, and they can earn, you know, 2 percent or one and a half depending on how short-term they want to stay. Money market mutual fund yields are now below 1 percent on average. So the savers are left holding the bag, unfortunately, right, they're going to pay, and a large part of what the Fed is doing is, as we all know, banks have been horribly wounded, those that are still standing buy mortgage losses and other credit losses. And there's more to come there, for example, on commercial real estate loans next year. | no well that's the sad. thing about this of course is right we're trying to tell americans you didn't, save enough money for the last 20 years now start saving, money and then they go to the bank and they can earn you know; 2 percent or one and a half. depending on how short-term they want to stay money, market mutual fund yields are now below 1 percent on average so the savers are left holding the bag unfortunately right they're going to pay and a large part of what the fed is, doing is as we all know banks have been horribly, wounded those that are still standing buy mortgage losses and other credit losses and there's more to come there for example on commercial real estate loans next | No Well, that's the sad thing about this of course. is right we're trying to, tell Americans you didn't save enough money for the last 20 years now start saving money And then they go to the bank and; they can earn you, know 2 percent or one and a half depending on how short-term they want to stay Money market mutual fund, yields are now, below 1 percent. on average So the savers are left holding the bag. unfortunately right they're going, to pay and a large, part of what the Fed is doing is as we all know banks have been horribly wounded those. that; are still standing buy mortgage losses and other credit losses And there's more to come there for example on commercial real; estate loans next | no. well, that's the sad thing about this, of course, is right, we're trying to tell americans, you didn't save enough money for the last 20 years now start saving money. and then they go to the bank, and they can earn, you know, 2 percent or one and a half depending on how short-term they want to stay. money market mutual fund yields are now below 1 percent on average. so the savers are left holding the bag, unfortunately, right, they're going to pay, and a large part of what the fed is doing is, as we all know, banks have been horribly wounded, those that are still standing buy mortgage losses and other credit losses. and there's more to come there, for example, on commercial real estate loans next year. |
What the Fed is trying to do, is cut banks' funding costs, for example, the cost of deposits, get them to lend at, of course, higher rates. And that's how they re-liquefy the banks, make them profitable again, and hopefully get the economy off to a better start at some point in 2009. So, right, the savers are left holding the bag. You're told to save money, but you're not earning any return. The only silver lining here is that, with inflation dropping as fast as it is, as least your real return after inflation is actually better than it would have been, say, six months ago when oil and other prices were soaring. | what the fed is trying to do is cut banks' funding, costs for example the cost of, deposits, get them to. lend at of course higher rates and that's how they re-liquefy the banks make them profitable again and hopefully get the economy off to a better start at some point in 2009. so right the savers, are left holding. the bag you're told to save money but you're not earning any return the only silver lining here is that with inflation dropping as fast as it is as, least your real, return after inflation. is actually better than it. would have been say six months ago when. oil and other prices were | What the Fed is trying to do is cut banks' funding costs for example the cost of deposits get them to lend at of course higher rates And that's how they re-liquefy, the banks make them profitable again and hopefully get the economy off to a better start at some point in 2009. So right the savers are left holding the bag You're. told to save money but you're not earning any return The only silver lining here is that with inflation dropping as fast as it, is as. least. your real return after inflation, is actually better than it would. have been say, six months ago; when oil and other prices were | what the fed is trying to do, is cut banks' funding costs, for example, the cost of deposits, get them to lend at, of course, higher rates. and that's how they re-liquefy the banks, make them profitable again, and hopefully get the economy off to a better start at some point in 2009. so, right, the savers are left holding the bag. you're told to save money, but you're not earning any return. the only silver lining here is that, with inflation dropping as fast as it is, as least your real return after inflation is actually better than it would have been, say, six months ago when oil and other prices were soaring. |
And yesterday - or the other incentive that shift is, of course, you might say, well, since I'm not going to make anything on those savings deposits, maybe this is a good time to put money into the stock market. | and yesterday - or the other incentive that shift is of course you might. say well since i'm not going to make. anything on those savings, deposits maybe this is a, good time to put money into the stock | And yesterday - or the other incentive that shift is of course you might say well since I'm not going to make anything. on those savings deposits maybe this is a good time to put money into the stock | and yesterday - or the other incentive that shift is, of course, you might say, well, since i'm not going to make anything on those savings deposits, maybe this is a good time to put money into the stock market. |
Some records say there were 20,000 people on those ships. Historians for the U.S. Navy use the number 30,000. They were crowded on more than 30 Vietnamese navy ships, a couple of dozen rickety fishing boats, and a few large cargo ships. One cargo ship was so heavy, it was sinking. People below deck were bailing out the water with their shoes. | some records. say there were 20,000 people on those. ships historians for the u.s navy use the, number 30,000. they were, crowded on more than 30 vietnamese navy ships a couple of dozen rickety fishing boats and a few large cargo ships one cargo ship, was so heavy it was sinking people below deck were bailing out the water with their | Some records say there were 20,000 people on those ships Historians for the U.S Navy use the number 30,000. They were crowded on more than 30 Vietnamese navy, ships a couple of dozen rickety fishing. boats and a, few large cargo ships One cargo, ship was so heavy it, was, sinking People below deck. were bailing out the water with their | some records say there were 20,000 people on those ships. historians for the u.s. navy use the number 30,000. they were crowded on more than 30 vietnamese navy ships, a couple of dozen rickety fishing boats, and a few large cargo ships. one cargo ship was so heavy, it was sinking. people below deck were bailing out the water with their shoes. |
The passengers had to be moved to another ship, crossing over on a narrow wooden plank. | the passengers had to be moved to another ship; crossing over on a narrow wooden | The passengers had to be moved to another ship, crossing over on a narrow wooden | the passengers had to be moved to another ship, crossing over on a narrow wooden plank. |
A young woman wasnt moving fast enough or panicked or whatever, and she stopped. | a young, woman wasnt moving fast enough, or panicked or whatever and she | A young, woman wasnt moving fast enough or panicked or whatever and she | a young woman wasnt moving fast enough or panicked or whatever, and she stopped. |
Stephen Burwinkel saw what happened next. | stephen. burwinkel saw, what happened | Stephen. Burwinkel saw what, happened | stephen burwinkel saw what happened next. |
And this guy behind her pushed her - and pushed her down. | and this guy behind her. pushed her - and pushed her | And this guy behind. her pushed her - and pushed her | and this guy behind her pushed her - and pushed her down. |
The woman fell into the ocean, then was rescued. | the woman fell into the ocean then was. | The woman fell into the ocean then was | the woman fell into the ocean, then was rescued. |
And I thought, oh, boy, we're going to have trouble here. This Vietnamese lieutenant did not hesitate. He went right up the back of that guy, took his gun out and shot him in the head, killed him, kicked him over the side. Stopped all the trouble right then and there. | and i thought oh boy we're going to have, trouble here this vietnamese lieutenant did not. hesitate; he went right up the back of that guy took his gun out and shot him in the head killed him kicked him over the, side stopped all the trouble right then and | And, I thought oh. boy we're going to have trouble here This Vietnamese lieutenant did not hesitate He went right up the back of that guy took his gun out and shot him in the, head killed him kicked him over the side Stopped all the trouble right then and | and i thought, oh, boy, we're going to have trouble here. this vietnamese lieutenant did not hesitate. he went right up the back of that guy, took his gun out and shot him in the head, killed him, kicked him over the side. stopped all the trouble right then and there. |
It was up to the crew of the Kirk to keep order. The Kirk's mechanics got engines running on rusted ships. The crew supplied food and fresh water. And Burwinkel went from ship to ship to check on the sick and injured. He was the Kirk's medic. In the Navy, it's called a hospital corpsman. | it. was up to the crew of the kirk to keep order, the kirk's mechanics got engines running on rusted ships the. crew. supplied food and fresh water and burwinkel went from ship to ship, to. check on the sick and injured he was the kirk's medic in the navy it's called a hospital. | It was up to the crew of the Kirk to keep. order The, Kirk's mechanics got engines running on rusted ships, The crew supplied food and. fresh water And Burwinkel went, from ship to ship to check on the sick and injured. He was the Kirk's medic In the Navy it's called, a hospital | it was up to the crew of the kirk to keep order. the kirk's mechanics got engines running on rusted ships. the crew supplied food and fresh water. and burwinkel went from ship to ship to check on the sick and injured. he was the kirk's medic. in the navy, it's called a hospital corpsman. |
One mother, I remember, brought me her baby. And I thought the baby was - quite frankly - dead. | one mother i remember brought me her baby and. i. thought the baby was - quite frankly | One mother I remember brought me her baby And I thought the baby was - quite frankly | one mother, i remember, brought me her baby. and i thought the baby was - quite frankly - dead. |
The child, a boy just a week old, was listless but alive. He had pneumonia. | the child a boy just a week old was listless but alive he had | The child a boy just a week. old was listless but alive He had | the child, a boy just a week old, was listless but alive. he had pneumonia. |
I didnt know what to do, really. I had some penicillin with me. Of course, I was aboard the Vietnamese ship. You know, I gave it this massive dose of penicillin, thinking, well, it's either going to be right or wrong - and the child was going to die anyway. | i didnt know what to do really, i had some penicillin with me of course i was aboard the vietnamese ship you. know i gave it this massive dose of penicillin thinking well it's either. going. to be right or wrong - and the child was going to die | I didnt know what. to. do really I had some penicillin with me Of course I was aboard. the Vietnamese ship You know I, gave it this massive dose of penicillin thinking, well it's either going to be. right or wrong - and, the child was going to. die | i didnt know what to do, really. i had some penicillin with me. of course, i was aboard the vietnamese ship. you know, i gave it this massive dose of penicillin, thinking, well, it's either going to be right or wrong - and the child was going to die anyway. |
Only the child didnt die, as Burwinkel had expected. The corpsman's desperate treatment had worked. But a couple days later, as Burwinkel was making his rounds, he got an urgent call to come back to the Kirk. | only the child didnt die, as burwinkel had expected the corpsman's desperate treatment had, worked but. a couple days later as burwinkel was making his rounds he got an urgent call to come back to the | Only the child. didnt die, as Burwinkel had expected, The corpsman's desperate treatment had worked. But a couple days later as Burwinkel was making his rounds. he got an urgent call to come back to the | only the child didnt die, as burwinkel had expected. the corpsman's desperate treatment had worked. but a couple days later, as burwinkel was making his rounds, he got an urgent call to come back to the kirk. |
Said, I think the baby is dead. I said, what do you mean? The child was doing fine. | said i think the baby is dead i, said what do you mean? the child was doing | Said I think the baby is dead; I said what do you mean? The child was doing | said, i think the baby is dead. i said, what do you mean? the child was doing fine. |
The baby had choked on formula. It was a freakish accident. | the baby had choked on formula it was a freakish. | The baby had, choked. on formula It was a freakish | the baby had choked on formula. it was a freakish accident. |
And because of his compromised condition, it was just too much for his system, and he died of cardiac arrest. And I remember we had a - excuse me just a minute. We had a funeral for him, a burial at sea. It's very emotional. Still brings back emotions that I'd rather not have. | and because. of his compromised condition it was just too much for his system and he died of cardiac arrest and i remember we had a - excuse me just a. minute we had a funeral for him a burial at sea, it's, very emotional still brings back emotions that i'd rather not | And because of his compromised condition it was. just too much for his system and he died of cardiac arrest And I remember we had a - excuse. me, just a minute, We had, a funeral for him a burial at sea It's very emotional Still brings back emotions that I'd rather not | and because of his compromised condition, it was just too much for his system, and he died of cardiac arrest. and i remember we had a - excuse me just a minute. we had a funeral for him, a burial at sea. it's very emotional. still brings back emotions that i'd rather not have. |
The crew gathered the child's father and three siblings for a funeral on the Kirk. The captain said a prayer; a bugler played "Taps." The child's body was wrapped in a yellow and red South Vietnamese flag, and dropped into the ocean. | the crew gathered the child's father and three siblings for a funeral on the kirk the captain said a prayer a bugler played "taps" the child's body. was wrapped in a yellow and; red, south. vietnamese, flag and dropped into the, | The crew gathered the child's father, and. three siblings for a funeral on the Kirk The captain said a prayer a bugler played "Taps" The child's body was wrapped in a yellow and red South Vietnamese flag and. dropped into the | the crew gathered the child's father and three siblings for a funeral on the kirk. the captain said a prayer; a bugler played "taps." the child's body was wrapped in a yellow and red south vietnamese flag, and dropped into the ocean. |
The ship sailed to the Philippines. Of the 20 to 30,000 refugees escorted by the Kirk over six days, only three died. | the ship sailed to the philippines of the 20 to 30,000 refugees escorted by the, kirk over six. days only three | The ship. sailed to the Philippines Of the 20 to 30,000 refugees escorted by the. Kirk over six days only three | the ship sailed to the philippines. of the 20 to 30,000 refugees escorted by the kirk over six days, only three died. |
Hugh Doyle, recording a cassette to his wife, thought it was extraordinary, given the grim living conditions. | hugh doyle recording a, cassette to his wife, thought it. was extraordinary given the grim living | Hugh, Doyle recording a, cassette to his wife thought it was extraordinary given the, grim living | hugh doyle, recording a cassette to his wife, thought it was extraordinary, given the grim living conditions. |
(Soundbite of 1975 tape) | (soundbite of | (Soundbite of | (soundbite of 1975 tape) |
You should see the sicknesses. You know, some of these small ships, with thousands of people on them, have widespread conjunctivitis - you know, in the eyes. They have diarrhea, dysentery - basic malnutrition, dehydration. | you should see. the, sicknesses. you; know some; of these small ships with thousands of people on them have widespread conjunctivitis - you know in the eyes they have diarrhea, dysentery. - basic malnutrition | You should see the sicknesses You. know some of these small ships with thousands of people on them have widespread conjunctivitis - you know, in the eyes They have diarrhea dysentery - basic malnutrition | you should see the sicknesses. you know, some of these small ships, with thousands of people on them, have widespread conjunctivitis - you know, in the eyes. they have diarrhea, dysentery - basic malnutrition, dehydration. |
The Kirk became a maternity ward for five pregnant women, close to giving birth. Captain Paul Jacobs moved them into the enlisted men's lounge. Jacobs, who knew how to take charge but keep things light, too, checked on them often. His message was clear, even though he addressed them through a Vietnamese interpreter. | the kirk became a maternity ward for five pregnant women. close to, giving birth captain paul jacobs moved them into the enlisted men's lounge jacobs who knew how to. take charge but keep things light too checked on them often his message was clear. even though, he addressed them through a vietnamese | The Kirk became a maternity ward for, five pregnant women close to giving birth, Captain Paul Jacobs moved them into the enlisted men's lounge Jacobs who knew how to take charge but keep things light, too checked on them often His message was clear. even though he addressed them through a. Vietnamese | the kirk became a maternity ward for five pregnant women, close to giving birth. captain paul jacobs moved them into the enlisted men's lounge. jacobs, who knew how to take charge but keep things light, too, checked on them often. his message was clear, even though he addressed them through a vietnamese interpreter. |
So I take this wrench, and I rap it against the bulkhead: Do you realize that if one of you has a baby on board, thats a U.S. citizen, thats your meal ticket to the United States? But it got them laughing and got them thinking about what could happen. See? | so i take this wrench and i rap it against the bulkhead: do you realize that if one of you has a baby on board thats a, u.s citizen thats your meal ticket to, the united states? but it, got them laughing and got them thinking about what, could happen | So I take this wrench and I rap it against the bulkhead: Do you realize that if one of you has a baby. on board thats a U.S, citizen thats your. meal ticket to the United States? But it got them laughing and got them thinking about what could happen | so i take this wrench, and i rap it against the bulkhead: do you realize that if one of you has a baby on board, thats a u.s. citizen, thats your meal ticket to the united states? but it got them laughing and got them thinking about what could happen. see? |
Lan Tran was 18 years old, the wife of a Vietnamese military pilot. | lan tran was 18 years old the wife of a vietnamese military, | Lan Tran was 18 years old. the wife of a Vietnamese military | lan tran was 18 years old, the wife of a vietnamese military pilot. |
They put me in the big room with other - four pregnant women and their family. The next morning, captain come over and knock the door and then smiling and say: Hey, hurry. Hurry up, lady. Because he want a baby named after USS Kirk. Okay? So... | they put me in the big room with other - four pregnant women and their family the next morning captain come over and. knock the door and then smiling and say: hey hurry hurry up lady because he want a, baby named after uss kirk | They put me in the big room with other - four pregnant women. and their; family The next morning captain come over and knock the. door and then smiling and say: Hey hurry Hurry up lady Because he want a, baby named after USS. Kirk | they put me in the big room with other - four pregnant women and their family. the next morning, captain come over and knock the door and then smiling and say: hey, hurry. hurry up, lady. because he want a baby named after uss kirk. okay? so... |
(Soundbite of laughter) | (soundbite of | (Soundbite of | (soundbite of laughter) |
He said, hurry. | he said, | He said | he said, hurry. |
(Soundbite of laughter) | (soundbite of | (Soundbite of | (soundbite of laughter) |
They treat us very kindly and took good care of us. | they treat us; very kindly and took good care of | They treat us very kindly and took good care of | they treat us very kindly and took good care of us. |
The next day, other U.S. Navy ships joined the escort. But it's clear from the daily logs for the ships that the crew of the Kirk took the lead. After sailing four days, the ships were getting close to their destination in the Philippines. That's when Captain Jacobs got word that President Ferdinand Marcos was blocking their entry. | the next. day other u.s navy ships joined the escort but it's clear from the daily logs for the ships that the crew, of the kirk took the lead after sailing four days the ships were getting close. to their destination in the philippines that's when captain jacobs got word that president ferdinand marcos was blocking their | The next day other U.S Navy ships joined the escort But it's clear from the daily logs; for the ships that the crew of. the Kirk took the lead After. sailing. four days. the ships were getting close to their destination in the Philippines That's when Captain Jacobs. got word that President Ferdinand Marcos was blocking their | the next day, other u.s. navy ships joined the escort. but it's clear from the daily logs for the ships that the crew of the kirk took the lead. after sailing four days, the ships were getting close to their destination in the philippines. that's when captain jacobs got word that president ferdinand marcos was blocking their entry. |
The Philippine government wasn't going to allow us in, period, because these ships belonged to the North Vietnamese now, and they didn't want to offend a new country. | the philippine government wasn't going to allow us in period because these ships belonged to the north vietnamese now and they didn't want to offend a new | The Philippine government wasn't going to allow us in period because these ships belonged to the North Vietnamese. now and they didn't, want to offend a new | the philippine government wasn't going to allow us in, period, because these ships belonged to the north vietnamese now, and they didn't want to offend a new country. |
It was Richard Armitage and Captain Kiem Do who came up with a solution: to transfer ownership of the vessels. | it was richard armitage and captain kiem do who; came up with a, solution: to transfer ownership, of the | It was Richard Armitage and Captain Kiem Do who came up with a solution: to transfer ownership of the | it was richard armitage and captain kiem do who came up with a solution: to transfer ownership of the vessels. |
We talk back and forth, and then I propose a solution that we will raise the American flag and lower the Vietnamese flag as a sign of - transfer the ship back to the United States. Because during the war, those - ship are given to the Vietnamese government as a loan, if you want, from the United States, to fight the Communists. Now the war is over, we turn them back to the United States. | we talk back, and forth and then i propose a solution that we will raise the american flag and lower the vietnamese flag as a sign of - transfer the ship back to the united states because during the war those - ship are given. to the vietnamese government as a loan if you want from the, united states to fight the communists now the war is over we turn them back to the united | We talk back and forth and then I propose a, solution that, we will raise the American flag. and lower the Vietnamese flag as. a sign of - transfer the ship back to the United States, Because, during the war those - ship are, given, to, the Vietnamese government as a loan if you want from the United States to fight the, Communists Now the war is over we turn them back to the United | we talk back and forth, and then i propose a solution that we will raise the american flag and lower the vietnamese flag as a sign of - transfer the ship back to the united states. because during the war, those - ship are given to the vietnamese government as a loan, if you want, from the united states, to fight the communists. now the war is over, we turn them back to the united states. |
Officers from the Kirk were sent aboard every ship to take command from the Vietnamese captains. | officers from the kirk were sent aboard. every ship to take command from the vietnamese | Officers from the Kirk were sent aboard every ship to take command from. the Vietnamese. | officers from the kirk were sent aboard every ship to take command from the vietnamese captains. |
Their country was gone. Our job was to treat it with dignity. | their country, was gone our job was to treat it with. | Their, country was gone Our job was. to treat it with | their country was gone. our job was to treat it with dignity. |
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