Showing posts with label Asia. Show all posts
Showing posts with label Asia. Show all posts

Wednesday, February 5, 2014

Five ways Asia is saving American tech

Five ways Asia is saving American tech
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Apple is growing thanks to China. And they


Apple is growing thanks to China. And they’re not the only American company with vital ties to Asia. Source: AP Photo Source: AP




WITHOUT Asia, American technology companies would be plummeting. It’s a bold statement but it’s a gripping reality.



An article by Mashable explains how earning reports and major tech company strategies revolve around Asia and how without its market they’d struggle to bloom.


Apple is not immune


They might be the most profitable brand in the world but even Apple needs to reach out a branch to Asia. After securing a deal with China Mobile (the country’s biggest mobile provider) its forecasted earnings for 2014 have seen a significant rise. With China being the biggest smartphone market in the world this deal will prove key to Apple’s growth and staying power.


Lenovo comes to Google’s rescue


It was recently announced that Lenovo (a Chinese-owned company) would buy Motorola from Google. This is great business for Google as it was able to ditch a flagging arm of its business whilst keeping the Android patents. Lenovo also stepped-in and bought the PC business from IBM back in 2005 – again offering a lifeline to a company that didn’t see a part of its business as essential. Lenovo is helping American companies shed what isn’t in their strategy for a big chunk of cash.


MORE: 28 awesome things you didn’t know about Google



Google is selling Motorola


Google is selling Motorola’s smartphone business to Lenovo for US$ 2.9 billion, a price that makes Google’s biggest acquisition look like its most expensive mistake. Source: AP Photo Source: AP



Facebook is liked in Asia


Facebook has over 368 million monthly active users in Asia and that amounts to Facebook’s most populous and fastest growing continent. Asian numbers are still blooming, despite China actually blocking the site.


MORE: Five ways Facebook has changed our lives


Yahoo’s sugar daddy


Alibaba is China’s biggest e-commerce company. Anything you can think of can pretty much be bought here. And in big numbers. You might not realise but Yahoo actually owns a 20 percent stake in the business and last quarter its earning were double that of Yahoo’s. Snapping up a stake in Alibaba was a savvy move, a move that is without doubt keeping Yahoo running.


Microsoft’s fate


It might be a tenuous link but perhaps the most significant rescue by Asia is Microsoft in their new CEO Satya Nadella. Born in Hyderabad, India, he received his bachelor’s degree there and moved to the US eventually taking up a role within Microsoft. After 22 years at the company, growing Microsoft’s cloud business he has taken the reigns from Steve Ballmer. His knowledge of online may prove pivotal to Microsoft’s future strategy as they aim to play catch up in the mobile market and restore faith back into their Windows 8 debacle.





NEWS.com.au | Technology News




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Monday, February 3, 2014

VIDEO: Asian Markets in Second Week of Declines







Asian markets enter a second week of volatility, this time on news that U.S. manufacturing slowed in January. The WSJ’s Jake Lee tells us why things may not settle down anytime soon.













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VIDEO: Asian Markets in Second Week of Declines

Sunday, December 22, 2013

Asia shares inch ahead, China money rates ease

Asia shares inch ahead, China money rates ease
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SYDNEY Sun Dec 22, 2013 9:33pm EST





Traders work on the floor of the New York Stock Exchange shortly after the market opening December 19, 2013. REUTERS/Lucas Jackson


1 of 5. Traders work on the floor of the New York Stock Exchange shortly after the market opening December 19, 2013.


Credit: Reuters/Lucas Jackson




SYDNEY (Reuters) – Asian stocks inched cautiously higher on Monday encouraged by record highs on Wall Street, though anxiety over a credit squeeze in China has weighed on shares there while adding to pressure on emerging market currencies.


There was some relief when China’s benchmark short-term money rate opened sharply lower at 5.57 percent, which was enough to help Shanghai edge up 0.15 percent .SSEC.


Volumes were very light with Tokyo on holiday on Monday and Christmas almost here. Australia’s main index .AXJO added 0.2 percent while S&P 500 futures gained 0.33 percent.


MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS firmed 0.5 percent.


Sentiment was underpinned by upbeat data on U.S. economic growth and the resilience of stocks to the Federal Reserve’s decision to start scaling back its bond-buying stimulus.


On Wall Street, the Dow Jones .DJI ended Friday up 0.26 percent, while the S&P 500 Index .SPX added 0.48 percent. Europe’s broad FTSEurofirst 300 index .FTEU3 rose 0.45 percent.


The dollar was idling at 104.02 yen on Monday after scoring a fresh 5-year high at 104.64 last week. Dealers cited option barriers at 104.75 and 105.00 as the next target for bulls.


The euro was a shade firmer at $ 1.3681, but well short of last week’s $ 1.3811 peak.


The single currency was only briefly troubled on Friday when Standard & Poor’s cut its supranational long-term rating on the European Union to AA-plus from AAA, citing rising tensions on budget negotiations.


Yields on benchmark 10-year Treasuries were holding at 2.89 percent having risen just 2 basis points last week even as the Fed announced its tapering.


In Asia, all eyes were on China after the country’s central bank sought to allay fears of a cash crunch on Friday, saying it has added $ 50 billion in three days to the interbank market.


Rapid credit growth in the world’s second-biggest economy has worried the Chinese authorities, who fear rising debt levels are fuelling asset bubbles.


The People’s Bank of China (PBOC) injected more than 300 billion yuan into the interbank market in response to rising rates, but hinted that banks have work to do if they want to avoid a cash crunch.


Worries about the banking system contributed to a 2 percent drop in Shanghai shares on Friday.


The combination of Fed tapering and tighter China interest rates could weigh on emerging market currencies and assets, as it did back in June.


Currencies from Indonesia to Malaysia and Thailand all came under pressure last week and even the Korean won lost a little of its strength.


Still, analysts at Deutsche argued that emerging markets (EM) Asia could weather any outflow of capital.


“Asia remains best placed — the reform effort in China and India is significant; and the smaller, more open economies will benefit disproportionately from strengthening demand in the U.S. and Europe,” said Drausio Giacomelli in a note to clients.


“The value of EM as a diversifier will increase once uncertainty about the future of U.S. monetary policy eases into 2014,” he added, noting that emerging markets were just a fraction of the global portfolio at around 3 percent or lower.


In commodity markets, gold has been getting less precious by the day due to the winding back of U.S. stimulus and a general lack of global inflationary pressure.


The metal was pinned at $ 1,202.44 on Monday after carving out a six-month low of $ 1,187.80 last week. If prices stay here the metal would have shed 28 percent this year, the largest annual loss in 32 years.


In contrast, oil prices have been supported by a positive outlook for fuel demand in the United States and reduced Libyan supply. Brent crude was up 7 cents on Monday at $ 111.84 a barrel, on top of gains of almost 3 percent last week.


U.S. oil futures were a single cent lower at $ 99.31. <O/R>


(Editing by Jacqueline Wong)






Reuters: Business News




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Saturday, November 30, 2013

Biden Trying to Show US Still Focused on Asia


It’s up to Vice President Joe Biden to show that the U.S. effort to focus more on Asia hasn’t fizzled out.


Biden is set to arrive Monday in Tokyo on a trip to Asia. The region is watching carefully to see how committed the Obama administration is to increasing America’s influence there.


Biden will meet with leaders in Japan, China and South Korea.


He’ll try to show that while the administration has paid great attention to Mideast flare-ups and dealt with a series of domestic distractions, the U.S. still intends to be a Pacific power.


At the same time, several disputes among Asian nations seem to be boiling over, threatening instability in the region. And now China has declared a new maritime air defense zone over the East China Sea.


© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




Newsmax – Politics



Biden Trying to Show US Still Focused on Asia

Saturday, November 23, 2013

VIDEO: Lebanon Identifies Second Iran Embassy Bomber







a security source said Lebanese authorities have identified the second suicide bomber who attacked the Iranian embassy in Beirut this week as a Palestinian man with ties to fugitive Lebanese Islamist cleric Ahmed al-Assir, known for fiery sectarian and anti-Iranian rhetoric. Assir’s militant supporters fought a two-day battle with the Lebanese army in June after barricading themselves in a mosque in the southern port city of Sidon.

















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VIDEO: Lebanon Identifies Second Iran Embassy Bomber

VIDEO: Lebanon Identifies Second Iran Embassy Bomber









a security source said Lebanese authorities have identified the second suicide bomber who attacked the Iranian embassy in Beirut this week as a Palestinian man with ties to fugitive Lebanese Islamist cleric Ahmed al-Assir, known for fiery sectarian and anti-Iranian rhetoric. Assir’s militant supporters fought a two-day battle with the Lebanese army in June after barricading themselves in a mosque in the southern port city of Sidon.













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VIDEO: Lebanon Identifies Second Iran Embassy Bomber

Wednesday, October 30, 2013

Business News Syria sinks Asia stocks as oil spikes

Business News Syria sinks Asia stocks as oil spikes
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KCRA 3 money expert Kelly Brothers has the latest business news.
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Tuesday, October 22, 2013

VIDEO: Raw: Heavy Smog Shrouds Cities in China







Beijing sought to tame its infamous smog on Tuesday by preparing emergency measures such as factory shutdowns and traffic limits to kick in when air pollution levels are high. (Oct. 22)













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VIDEO: Raw: Heavy Smog Shrouds Cities in China

Sunday, October 6, 2013

VIDEO: Raw: Typhoon-fueled Waves Slam Southeast China









High waves slammed China’s southeast coast as hundreds of thousands of people were evacuated ahead of Typhoon Fitow. The storm is expected to make landfall Monday. (Oct. 6)













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VIDEO: Raw: Typhoon-fueled Waves Slam Southeast China

Wednesday, October 2, 2013

Amid Government Shutdown, US Officials Push “Pivot to Asia”


obama asia pivot


As US Defense Secretary Chuck Hagel wraps up a visit to South Korea today, the first part of a diplomatic offensive to boost military alliances across the Asia-Pacific, Washington officials are responding to the crisis caused by the US government shutdown by pushing harder for their provocative “pivot to Asia” strategy aimed at militarily isolating China.


This is the Obama administration’s next major foreign policy initiative after opening up talks with Iran and Syria, following the postponement of the US war drive against Syria. After Hagel leaves South Korea, he will join US Secretary of State John Kerry in Tokyo for talks with their Japanese counterparts.


The centerpiece of the diplomatic push is to be a meticulously scripted eight-day tour of South East Asia by President Barack Obama. In visits to Indonesia, Brunei, Malaysia and the Philippines, he is to discuss trade deals, such as the Trans-Pacific Partnership (TPP) regional agreement; sign military basing deals, including in the Philippines, a former US colony; and attend regional summits—the Association of South East Asian Nations (ASEAN), the Asia Pacific Economic Cooperation (APEC), and the East Asia Summit (EAS).


Now, however, there is speculation that Obama may decide he cannot leave the United States while the government is mired in a shutdown, with hundreds of thousands of federal workers furloughed. An extended shutdown might force Obama to cancel his Asian visits. Senior Obama advisor Dan Pfeiffer told Bloomberg News: “There are logistical questions.”


The shutdown, especially if it were prolonged, could trigger a renewed economic slowdown in the United States, threatening to undermine economic activity and the availability of credit in the Asia-Pacific, which depends on the United States as an export market.


The shutdown has intensified questions about the long-term ability of the US to exercise military hegemony in Asia. Already, rising popular opposition to war inside the United States, together with Russian and Iranian threats to intervene, has led to a pause in the US-led drive to war with Syria.


Numerous right-wing regimes across the Asia-Pacific have developed highly aggressive policies, often with US encouragement, directed against China or North Korea—a state under Chinese protection. They now form a constituency demanding increased US imperialist penetration of the Asia-Pacific, in order to counterbalance the threat of Chinese retaliation for their own provocative policies.


These regimes include Prime Minister Shinzo Abe’s government in Japan, which is working with US officials to develop a doctrine for offensive Japanese military action in locations like the East China Sea, where Japan is embroiled in a bitter dispute with China over the Senkaku/Diaoyu Islands. The South Korean regime is preparing a doctrine of “pre-emptive strikes” in response to perceived threats of nuclear missile attacks from the North.


As for the Philippines, it is preparing to sign a basing agreement with Washington after engaging in repeated clashes with Chinese vessels in the South China Sea.


US officials are reacting by using the threat of the shutdown to insist that Washington has to step up its intervention in Asia to reassure these allies across the region.


Former Defense Secretary Leon Panetta said: “I can’t imagine the president going abroad with a government that’s shut down.” He denounced Congressional Republicans, adding: “It’s a political game that’s doing damage to national security. The biggest threat to our national security right now is our failure to govern, [as other nations] will view that as a weakness.”


Charles Kupchan, a senior fellow at the US Council on Foreign Relations, said: “It’s particularly important in East Asia, where countries are uncertain about the long-term geopolitical trends and are trying to decide whether to tilt towards the United States or towards China. And as a consequence it’s an important time for Obama to show that Washington has its lights on.”


From South Korea, Defense Secretary Hagel attacked the shutdown as “an astoundingly irresponsible way to govern … I think it’s very, very important that we continue to assure our allies in this region of the world that we are committed to these alliances.”


Though the US deployment of 28,500 troops is unpopular in South Korea, Hagel stressed Monday that Washington would not reduce the number in the country or the region. “There’s never been any consideration of changing our force protection or force presence here in Korea or anywhere else in the area,” Hagel said. “We’ll continue to do what we’ve got to do to manage [spending] reductions and at the same time assure our partners … specifically here in the Asia-Pacific that our commitments still stand.”


US Chairman of the Joint Chiefs of Staff General Martin Dempsey met with his South Korean counterpart, General Jeong Seung-jo, to discuss military coordination between the two armies.


Dempsey said budgetary issues did not come up in the meeting and downplayed the impact the government shutdown would have on US military policy. “The assumption is—and it’s a valid assumption—that where our greatest national interests lie, we will find a way to find the resources to make the kind of commitments we need to make,” he said.


This simply demonstrates that the hundreds of thousands of federal workers in the United States are not being furloughed because there is no money, but because Wall Street and the US military-intelligence apparatus views them as dispensable. The American ruling elite is, however, committed to spending massive sums to support unpopular and provocative military deployments across the Asia-Pacific region.


US and South Korean officials postponed a decision over when to transfer operational control of joint US and South Korean forces in the Korean peninsula from US to South Korean officers.


Yesterday, Hagel visited South Korea’s largest military parade in a decade, together with President Park Geun-hye, the daughter of late military dictator General Park Chung-hee. The parade unveiled domestically-made, long-range cruise missiles capable of hitting targets up to 500 or 1,000 kilometres away.


This would allow South Korea to strike targets in North Korea at will, and underlines the dangers posed by the South Korean military doctrine allowing for “pre-emptive” strikes.




Global Research



Amid Government Shutdown, US Officials Push “Pivot to Asia”

VIDEO: Shutdown Day 2 on Social Media, and More







What’s News: Americans take to social media to vent their frustration over the government shutdown. President Obama delays Asia trip over shutdown. Marc Jacobs to leave Louis Vuitton to prepare IPO. Italian Prime Minister Enrico Letta’s government survives confidence vote as Berlusconi backs down. Joanne Po reports. Photo: AP













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VIDEO: Shutdown Day 2 on Social Media, and More

Friday, September 20, 2013

VIDEO: iPhone Launch Mania Begins, and More







What’s News: The iPhone 5C and 5S hit stores in Asia and London. Thirteen injured in a late-night shooting on Chicago’s southwest side. China tightens its grip on social media controls, and cereal makers struggle as Americans go for low-carb breakfasts. Sara Murray reports. Photo: Getty Images













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VIDEO: iPhone Launch Mania Begins, and More

Monday, September 16, 2013

VIDEO: Imax To Screen "Young Detective Dee: Rise Of The Sea Dragon" In China







Underlining it’s not all Hollywood for Imax in China, the giant screen exhibitor is to screen Tsui Hark’s Young Detective Dee: Rise of the Sea Dragon in the expanding Asian market when it opens wide in the country on Sept. 28













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VIDEO: Imax To Screen "Young Detective Dee: Rise Of The Sea Dragon" In China

Sunday, September 8, 2013

VIDEO: Tokyo 2020 Olympics Could Be Shot In The Arm For Struggling Japan







There were scenes of jubilation in Japan after Tokyo was named host city of the 2020 Olympic Games ? a shot in the arm for a country battered by decades of economic stagnation and the 2011 tsunami. There was an outpouring of pride and joy at the International Olympic Committee announcement ? but also surprise among many Japanese who had feared the country?s post-tsunami nuclear crisis had scuppered the city?s bid.













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VIDEO: Tokyo 2020 Olympics Could Be Shot In The Arm For Struggling Japan

Thursday, September 5, 2013

VIDEO: Raw: Water Leaks Into Damaged Fukushima Reactor









The first video footage showing streams of ground water flowing through the basement of the damaged unit one Fukushima reactor was released on Thursday by TEPCO. (Sept. 5)

















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VIDEO: Raw: Water Leaks Into Damaged Fukushima Reactor

Monday, August 5, 2013

VIDEO: Recession Fuels Explosion of Online Learning







The Great Recession spurred groundbreaking innovation in education, including a boom in online learning. Massive, open, online classes, or MOOCs, are reaching beyond campuses and creating classes for the masses. (Aug. 5)













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VIDEO: Recession Fuels Explosion of Online Learning

Monday, July 29, 2013

Asia stock markets fall ahead of Fed meeting







A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan’s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)





A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan’s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)





A man walks by an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan’s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)





A man walks by an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan’s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)





People walk by an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan’s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)





A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan’s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)













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(AP) — Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve.


Japan’s benchmark Nikkei 225 dropped 2.2 percent to 13,824.18 as the yen continued to reverse some its recent fall.


Linus Yip, strategist at First Shanghai Securities in Hong Kong, said the Nikkei’s sharp decline sparked jitters elsewhere in Asia. He added that slowing growth in China presented an additional reason for caution.


South Korea’s Kospi fell 0.5 percent to 1,900.27, hurt by losses among technology shares. Hong Kong’s Hang Seng lost 0.6 percent to 21,843.60. On the Chinese mainland, the Shanghai Composite Index shed 1.6 percent to 1,979.38.


Analysts expect to see a drop in unemployment when the U.S. Labor Department releases employment figures for July at the end of the week, but some say it will not be enough to prompt an immediate scaling back of the Fed’s bond-buying program, which has been helping to buoy the economy.


Traders have been cautious in recent days ahead of the Fed’s two-day meeting, which begins Tuesday, for hints of when the central bank will start reducing its monetary stimulus.


“Our guess is that it won’t happen until December and it could be delayed further yet,” said analysts at DBS Bank Ltd. in a report.


Since late last year, the Fed has been buying $ 85 billion in Treasury and mortgage bonds a month in a move that has kept long-term rates near record lows and supported economic recovery.


Global stocks mostly dropped Friday on concerns that a brusque overhaul of China’s industry could slow down the world’s second-largest economy. Beijing has ordered companies to close factories in 19 industries where overproduction has led to price-cutting wars. The industry ministry ordered more than 1,400 companies to cut excess capacity and even some companies to close outright.


On Wall Street, the Dow Jones industrial average closed nearly unchanged at 15,558.83. The Standard & Poor’s 500 edged up marginally to 1,691.65. The Nasdaq composite index gained or 0.2 percent, to 3,613.16.


In energy trading, benchmark crude fell 53 cents to $ 104.17 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 79 cents to close at $ 104.70 Friday in New York.


The dollar fell to 97.77 yen from 98.32 yen late Friday. The euro rose to $ 1.3288 from $ 1.3270.


___


Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson


Associated Press




Business Headlines



Asia stock markets fall ahead of Fed meeting

Thursday, July 25, 2013

VIDEO: USS Pueblo Crew Campaign for Ship"s Return









The USS Pueblo crew campaigns to bring home their ship from North Korea after 45 years in captivity. Marking the 60th anniversary of the Korean War’s end, the American warship will soon be on show at Pyongyang’s renovated war museum. (July 25)













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VIDEO: USS Pueblo Crew Campaign for Ship"s Return

VIDEO: USS Pueblo Crew Campaign for Ship"s Return







The USS Pueblo crew campaigns to bring home their ship from North Korea after 45 years in captivity. Marking the 60th anniversary of the Korean War’s end, the American warship will soon be on show at Pyongyang’s renovated war museum. (July 25)













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VIDEO: USS Pueblo Crew Campaign for Ship"s Return

VIDEO: USS Pueblo Crew Campaign for Ship"s Return







The USS Pueblo crew campaigns to bring home their ship from North Korea after 45 years in captivity. Marking the 60th anniversary of the Korean War’s end, the American warship will soon be on show at Pyongyang’s renovated war museum. (July 25)













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VIDEO: USS Pueblo Crew Campaign for Ship"s Return