YCLOAK

Saul Ronaldo Atiliano was diving for lobster in the clear waters off Honduras’ Caribbean coast when he felt a pressure, a pain in his body. And he knew he’d gotten the sickness that has killed or disabled so many of his Miskito comrades.

“The pressure attacked me deep in the water,” said Atiliano, a 45-year-old Miskito who for 25 years has dived for lobster, most of which winds up is exported to the United States.

Thousands of men across the Mosquitia region of Honduras and Nicaragua depend on lobster fishing to eke out a living. And like Atiliano, hundreds have been stricken with the bends — decompression sickness caused when nitrogen bubbles form in divers’ bodies. Some are paralyzed. Some are killed.

With more than 60 per cent of its 9 million people living in poverty, Honduras is one of the poorest countries in Latin America, and the Mosquitia is one of the most impoverished areas.

Among exotic, tropical vegetation along the Caribbean coast, the region is sprinkled with small fishing villages where indigenous villagers live in clapboard houses. A sign of the poverty — and also the innocence of childhood — kids play with trucks made of plastic juice boxes with lids for wheels. For many grown-ups, the only option they’ve found to cope with poverty is diving, no matter the risks.

In the Mosquitia, diving permeates everyday life. In the fishing village of Kaukira, worshippers are called to church by the sound of a hammer on a diving tank instead of a bell.

Safe standard diving techniques call for a gradual ascent to the surface to eliminate the nitrogen that the body’s tissues absorb during a dive, and for a limit to the number of dives a person makes in a day.

But many of the divers of Mosquitia dive deeply, surface quickly and then go back for more, racing to collect as much lobster as possible. The boats, where they spend days playing cards and talking among themselves between dives, often have only rudimentary safety equipment and use aging tanks and masks.

Just how many have been stricken is somewhat unclear, though all agree it’s a large number for such small communities.

Jorge Gomez Santos, a former president of the Association of Disabled Honduran Miskito Divers, said this month that at least 2,200 Miskitos now work on the boats, and he said at least 1,300 have been disabled since 1980. Gomez, who uses a wheelchair, said 14 have died this year alone.

A study more than a decade ago cited by the Pan American Health Organization reported there were around 9,000 divers in the Mosquitia, and around 4,200 — 47 percent — were disabled by decompression sickness. Nearly all, it found, had suffered symptoms.

A diver makes 75 lempiras ($3) per pound of lobster and 7 lempiras (28 cents) for each sea cucumber. An average 10-pound (4.5-kilogram) daily haul of lobster is a windfall in one of the most impoverished regions of the Americas, so many take the risk, and many suffer for it, like Atiliano, who dove for 25 years without a problem until that day in September.

The father of 10 was paralyzed on the boat, which didn’t reach the docks for another day and a half. Fellow divers then drove him about 10 blocks to the hospital with a U.S.-donated hyperbaric chamber in city of Puerto Lempira, the area’s largest city.

Decompression sickness is usually treatable with sessions in such high-pressure, oxygen-rich chambers, but there are only a few available along the coast, and divers often must wait several days before they can be treated — reducing the chances of recovery.

“It’s the first accident I’ve had,” Atiliano said, speaking in Miskito through a translator. He appeared exhausted, with a blank stare, after a session of more than three hours in the chamber. He had shown little outward sign of improvement after that early treatment.

Another patient at the chamber was Charles “Charly” Melendez, a 28-year-old Miskito who said he been diving since he was 16 and had harvested 60 pounds of lobster on the day in November 2017 that he was injured.

Even now, after nine sessions, he hasn’t recovered. For a man who always made his living diving, it’s a nightmare being confined to a wheelchair.

“I still can’t stand up by myself,” he said. “I can’t sit for a long time; after an hour my body hurts.”

Cedrack Waldan Mendoza, the physical therapist operating the chamber, said the divers are driven by poverty, and even if injured, return to the boats.

“You run into them in the street and ask them why they’re going (back to diving) and they say it’s because their kids are hungry,” Waldan Mendoza said. “When someone tells you that their kids are hungry there’s no need to ask another question.”

Atiliano and Melendez are among the most vulnerable cogs in the lobster industry, which generated $40 million in sales for Honduras in 2017, nearly all of it from the U.S. market.

Atiliano said he expects to return to sea, not because he wants to, but for lack of options.

“If I recover, by necessity and for lack of work I’ll have to go back to diving,” he said.
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North and South Korea held a groundbreaking ceremony Wednesday to mark the start of a joint project to connect railways throughout the divided peninsula. The event was held after both Korea’s inspected railways along the peninsula’s east coast.

Ministry of Foreign Affairs Special Representative for Korean Peninsula Peace and Security Affairs Lee Do-hoon told reporters last week, “The railroad linkage project and related groundbreaking ceremony were given the go-ahead to proceed as scheduled in the working group today,” referring to meetings held with State Department Special Representative for North Korea Policy Stephen Biegun in Seoul.

Jung Dae-jin, a research professor with the Ajou Institute of Unification called the ceremony a strong indicator of both North and South Korea wanting to continue discussions held by South Korean President Moon Jae-in and North Korean leader Kim Jong Un this year.

“It looks frozen water from the surface, but the potential of having those conversations is still alive, like the water flowing beneath the ice,” he said.

Jung added that as the North’s rail and roadways are improved, “it can reduce the traveling time which encourages exchanges” between the two governments.

A special train carried 100 South Korean officials, politicians and members of families displaced by the war to the ceremony at Panmun Station in the border city of Kaesong.

In addition to officials from the United Nations, China, Russia, and Mongolia, South Korea’s unification ministry said they were joined by North Korea’s delegation of 100 people.

Following Wednesday’s ceremony, North and South Korea agreed to undertake further railway inspections and work closely with the United States and the United Nations to garner further support for the project and to address sanction concerns.

Railways and sanctions

North Korea’s rail system is said to be antiquated and in desperate need of repair in order to be linked with the South’s. During the first inter-Korean summit in April, North Korean leader Kim Jong Un and South Korean President Moon Jae-in agreed to “modernize” and “connect” the roads and railways across their border as part of efforts to improve ties and promote development and prosperity.

The railway inspection project had been delayed for months amid concerns about possible violations of UN sanctions on North Korea, but the project was given the go-ahead when the UN Security Council granted a sanctions exemption.

Professor Jung recalls that connecting the North’s and South’s rail lines were part of the 2000 Joint Declaration made by Seoul and Pyongyang and between 2007 and 2008, trains traversed the border several hundred times.

But, “if the extra sanctions are not lifted in the future, the whole plan of modernizing North Korea’s railroad will not be possible too,” he said.

Jung ties the future success of President Moon’s initiatives and plans for the connected railway to North Korea’s denuclearization.

“We need to see the New Year’s address by Kim Jong Un,” he said and notes that it is necessary that the global community see concrete measures taken by Pyongyang toward denuclearization for the process of rail and roadway use to proceed.

Lee Ju-Hyun contributed to this report.

 
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Japan is withdrawing from the International Whaling Commission and will resume commercial whaling next year, a government spokesman said Wednesday, in a move expected to spark international criticism.

“We have decided to withdraw from the International Whaling Commission in order to resume commercial whaling in July next year,” top government spokesman Yoshihide Suga told reporters.

“Commercial whaling to be resumed from July next year will be limited to Japan’s territorial waters and exclusive economic zones. We will not hunt in the Antarctic waters or in the southern hemisphere,” Suga added.

The announcement had been widely expected and comes after Japan failed in a bid earlier this year to convince the IWC to allow it to resume commercial whaling.

Tokyo has repeatedly threatened to pull out of the body, and has been regularly criticized for catching hundreds of whales a year for “scientific research” despite being a signatory to a moratorium on hunting the animals.

Suga said Japan would officially inform the IWC of its decision by the end of the year, which will mean the withdrawal comes into effect by June 30.

Leaving the IWC means Japanese whalers will be able to resume hunting in Japanese coastal waters of minke and other whales currently protected by the IWC.

But Japan will not be able to continue the so-called scientific research hunts in the Antarctic that has been exceptionally allowed as an IWC member under the Antarctic Treaty.

The withdrawal means Japan joins Iceland and Norway in openly defying the IWC’s ban on commercial whale hunting.

It is certain to infuriate conservationists and anti-whaling countries such as Australia and New Zealand, and deepen the divide between anti- and pro-whaling countries.

Japan has hunted whales for centuries, and their meat was a key source of protein in the immediate post-World War II years when the country was desperately poor.

But consumption has declined significantly in recent decades, with much of the population saying they rarely or never eat whale meat. 
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President Donald Trump on Tuesday expressed confidence in Treasury Secretary Steven Mnuchin amid worries over a weakening economy and a stock market slump, but repeated his criticism of the U.S. Federal Reserve, saying it has raised interest rates too quickly.

Speaking to reporters in the Oval Office after a Christmas video conference with U.S. troops deployed abroad, Trump also said U.S. companies were “the greatest in the world” and presented a “tremendous” buying opportunity.

Asked if he has confidence in Mnuchin, Trump said: “Yes, I do. Very talented guy. Very smart person,” he said. His comments came after Mnuchin on Monday held a conference call with U.S. regulators to discuss plunging U.S. stock markets.

The call did more to rattle markets than to assure them. All three major U.S. stock indexes ended down more than 2 percent on the day before the Christmas holiday. The S&P 500 has lost about 19.8 percent from its Sept. 20 closing high, just shy of the 20 percent threshold that commonly defines a bear market.

Mnuchin also spoke on Sunday with the heads of the six largest U.S. banks, who confirmed they have enough liquidity to continue lending and that “the markets continue to function properly.”

Investors said his move to convene a call with the president’s Working Group on Financial Markets, known as the “Plunge Protection team,” may have weighed on sentiment.

On Tuesday, Trump praised U.S. companies and said their lower stock prices present an opportunity for investors. “I have great confidence in our companies. We have companies, the greatest in the world, and they’re doing really well. They have record kinds of numbers. So I think it’s a tremendous opportunity to buy.”

U.S. stocks have dropped sharply in recent weeks on concerns over weaker economic growth. Trump has largely laid the blame for economic headwinds on the Fed, openly criticizing its chairman, Jerome Powell, whom he appointed.

“They’re raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon,” Trump said, repeating his criticism.

Media reports have suggested Trump has gone as far as discussing firing Powell, and he told Reuters in August that he was “not thrilled” with the chairman.

On Monday, Trump said “The only problem our economy has is the Fed.”

The Fed hiked interest rates again last week, as had been widely expected.
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Former Nissan Motor Co. executive Greg Kelly was released from jail in Japan Tuesday after a Tokyo court rejected prosecutors’ request to continue to detain him.

The Tokyo District Court granted his release after setting bail at $636,000.

Kelly had been detained for 37 days after being arrested and charged with underreporting the pay of his boss, ousted Nissan Chairman Carlos Ghosn, by $44 million.

Ghosn was also arrested along with Kelly on November 19 on suspicion of conspiring to understate Ghosn’s pay. Ghosn remains in custody.

The charge is part of a wider effort by Japanese prosecutors and the auto company to show that Ghosn leveraged his position for personal gain.

The court set restrictions on Kelly’s release. Kelly is prohibited from traveling outside Japan without the court’s permission and from meeting with people linked to the case against him.
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There is no holiday cheer for striking doctors in Zimbabwe this Christmas. The country’s health minister announced on Christmas eve that none of the strikers will receive their December salaries. Doctors say the strong-arming will not make them call off their almost month-long strike.

Zimbabwe’s Health Minister Obediah Moyo announced the government was suspending all striking doctors and that they would not be paid.

The doctors have been on strike since December 1, demanding that the government better equip the hospitals and pay them in U.S. dollars.

The doctors say Zimbabwe’s hospitals lack modern technology, medicines, and protective clothing. They say that being paid in the devaluing local currency, called “bond notes,” means a struggle to survive.

But Moyo was firm in rejecting the doctors’ demands.

“Government does not pay salary in foreign currency. It is common cause that we do not print U.S. dollars or any other foreign currency notes,” he said. “[On] payment of December salaries; the government maintains the policy of no work, no pay and those doctors and other health workers who did not participate in the unlawful collective job action have already received their December salaries.”

Moyo said the strike by the doctors was causing “unnecessary deaths and pain of patients.” He did not elaborate with any statistics to back up his claim. But the shortage of state doctors and health care workers has been noticeable in hospitals since the strike began.

Mthabisi Bhebhe is secretary-general of the Zimbabwe Hospital Doctors’ Association. He said the government’s suspension of the doctors and refusing to pay salaries was not productive.

“The honorable minister does not fully address grievances raised by doctors. He had already suspended about 553 doctors nationwide and how do you expect the health system of this nation to continue in such a scenario? The industrial action is still ongoing,” he said.

Union leaders say the government’s rejection of their demands has resulted in low morale among health workers.

Zimbabwe’s health sector has deteriorated in recent years amid poor funding and a struggling economy.

It largely depends on the assistance of international organizations such as USAID and the European Union.

The striking doctors say they are seeking a court order to declare the government’s failure to pay them illegal.
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Shares on Japan’s key stock exchange plummeted Tuesday, highlighting investor fears about political turmoil in Washington and this month’s massive losses on Wall Street.

The Nikkei 225 Index lost 1,000 points — five percent of its value –to close Tuesday at 19,155, finishing under 20,000 points for the first time since September 2017. Tuesday’s closing numbers are down 21 percent from its October high.

China’s Shanghai index finished nearly one percent lower Tuesday.Markets in Hong Kong, Australia, South Korea, the U.S. and Europe were all closed in observance of Christmas.

The losses on the Nikkei were a spillover from Monday’s down day in the U.S., where the Dow Jones Industrial Average index, the S&P 500 Index fell nearly three percent and the NASDAQ Composite Index lost more than two percent.That continued this month’s run of near-daily losses, putting U.S. markets on track for its worst December since 1931, during the Great Depression.

The U.S. Christmas Eve selloff was triggered in part by President Donald Trump’s Twitter attacks on the central bank, the Federal Reserve, and its chairman, Jerome Powell, for a recent hike in interest rates, as well the partial shutdown of the U.S. government.Investors were also rattled by Treasury Secretary Steven Mnuchin’s phone calls to the heads of the nation’s six largest banks on Sunday to determine if they had enough capital on hand to continue operating normally.

Trump renewed his complaints about the Federal Reserve on Tuesday, telling reporters in the Oval Office it is “raising interest rates too fast because they think the economy is so good.” The president added, however, that U.S. companies were “the greatest in the world” and that their lower share prices presented a “tremendous” buying opportunity for investors.
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Iran’s president submitted next year’s budget to parliament on Tuesday, the first since the United States restored sanctions that had been lifted under the nuclear deal.

The $47.5 billion budget is less than half the size of last year’s, mainly due to the severe depreciation of the local currency following President Donald Trump’s decision to withdraw from the 2015 nuclear deal with world powers. The Iranian rial has fallen from around 42,000 to the dollar a year ago to around 100,000 today.

The government plans to fund 35 percent of the budget with oil revenues, projecting exports of up to 1.5 million barrels a day at a maximum of $54 a barrel.

The opaque budget bill did not include a projected deficit or a reference to military expenditures. Earlier this month, Iranian Foreign Minister Mohammad Javad Zarif said Iran spends less than $16 billion on its armed forces.

The U.S. restored tough sanctions on Iran’s vital oil industry in November, but granted waivers to a number of nations allowing them to continue imports in exchange for commitments to reduce them over time.

President Hassan Rouhani said the sanctions have hurt Iran but will not bring the Islamic Republic “to its knees.”

He said the sanctions will mainly harm Iran’s economic development and its poorer citizens. The government is allocating $14 billion to import medicine, medical equipment and other necessities, slightly more than the $13 billion allocated last year.

Lawmakers interrupted Rouhani’s speech on two occasions to protest the government’s water policies. Iran is suffering from a decade-long drought, and water shortages have sparked protests over the past year.

The budget will be subject to changes during a parliamentary review lasting more than a month. The final bill must be approved by a clerical council.

 
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Stock markets in Japan and China saw sharp declines Tuesday, following selloffs Monday in U.S. markets.

The Nikkei fell by about five percent, while the Shanghai Composite Index was down about two percent.

In Monday’s trading, the S&P 500 finished down more than two percent and the Dow off nearly three percent.

U.S. President Donald Trump is blaming the Federal Reserve (central bank) for stock market declines and other economic problems.  

In tweets, Trump has said the only U.S. economic problem is rising interest rates.  He accused Fed chief Jerome Powell of not understanding the market and damaging the economy with rate hikes. 

The Fed slashed the key interest rate nearly to zero to boost growth during the recession that started in 2007.  The central bank kept rates low for several years.

Eventually, growth recovered, and unemployment dropped to its lowest level in 49 years, and Fed officials judged that the emergency stimulus was no longer needed.

Fed leaders voted to reduce the stimulus by raising interest rates gradually. The concern was that too much stimulus could spark inflation.  Experts say such a sharp increase in prices could prompt a damaging cycle of price increases leading to rising wage demands, which would spark another round of price hikes. 

Analysts quoted in the financial press say Trump’s attacks on the Fed make investors worry that the central bank might lose the independence that allows it to make decisions based on economic factors rather than what is politically popular.  

Some economists say investor confidence has also been shaken by Trump’s tariffs on major trading partners.  Raising trade costs can reduce trade and cutting trade cuts demand for goods and services, which slows economic growth.  

Investor confidence, or a lack of it, can cause stock and other markets to decline as worried stock holders sell shares and prospective investors stop buying available stocks.  When buyer demand drops, prices fall.  

Another factor hurting investor confidence is the political impasse in Washington over money for Trump’s border wall with Mexico.  The bickering means Trump and congress can not agree on spending priorities, so legislation paying some government employees has lapsed.  

In an effort to calm turbulent markets, Treasury Secretary Steve Mnuchin spoke with leaders of top U.S. banks in an unusual session Sunday.  He says they have the money they need for routine operations.
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The leading pan-European stock exchange has launched a 625 million euro takeover bid to acquire the Oslo Stock Exchange.

Euronext, the operator of stock exchanges in Paris, Amsterdam, Brussels, Dublin and Lisbon, said in a statement that it had approached the board of directors of the Oslo Stock Exchange (Oslo Bors VPS) to seek its support for an all-cash offer for all the outstanding shares of Oslo Børs VPS, the Norwegian Stock Exchange and national CSD operator, based in Oslo.

“Euronext strongly believes that Oslo Børs VPS’ unique strategic and competitive positioning, including a global leading position in seafood derivatives and a deep-rooted expertise in oil services and shipping, would further strengthen Euronext’s position as the leading market infrastructure for the financing of the real economy in Europe,” the statement said. 

If the offer is accepted, Euronext would be fully committed to support the development of Oslo Børs VPS and of the broader Norwegian financial ecosystem, the statement said.

Following the initiative of a group of its shareholders to acquire the Oslo Stock Exchange, Euronext has secured support for the offer from shareholders representing 49.6% of all outstanding shares.

However, it is not certain that a transaction will be completed, Euronext’s statement said, but the pan-European stock exchange will communicate material information, if any, in due course.
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South Korea said Monday it will fine BMW $9.9 million and will file a criminal complaint against the German automaker for delaying a recall of cars with faulty engines that caught fire. 

South Korea’s transport ministry said its investigation uncovered that BMW knew about the faulty engines, but did not execute a prompt recall. 

The ministry said BMW deliberately tried to cover up the technical issues with the exhaust gas recirculation, or EGR, even after dozens of fires had been reported earlier this year. 

“BMW announced earlier that it had become aware of the connection between the faulty EGR cooler and the fire only on July 20 this year,” the ministry said in a statement. “But we discovered that . . . BMW’s German headquarters had already formed a special team in October 2015 tasked with solving the EGR problem.” 

BMW did eventually mount a recall of more than 170,000 cars. 

The French news agency AFP reports some South Korea parking lots had refused to accept BMW cars for fear the cars would catch fire. 
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U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.”

U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index on pace for its biggest percentage decline in December since the Great Depression.

“Today I convened individual calls with the CEOs of the nation’s six largest banks,” Treasury Secretary Steven Mnuchin said on Twitter shortly before financial markets were due to open in Asia.

U.S. equity index futures dropped late on Sunday as electronic trading resumed to kick off a holiday-shortened week.

In early trading, the benchmark S&P 500’s e-mini futures contract was off by about a quarter of a percent.

The Treasury said in a statement that Mnuchin talked with the chief executives of Bank of America, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo.

“The CEOs confirmed that they have ample liquidity available for lending,” the Treasury said.

Mnuchin “also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly,” the Treasury said.

Mnuchin’s calls to the bankers came amid a partial government shutdown that began on Saturday following an impasse in Congress over Trump’s demand for more funds for a wall on the border with Mexico. Financing for about a quarter of federal government programs expired at midnight on Friday and the shutdown could continue to Jan. 3.

The Treasury said Mnuchin will convene a call on Monday with the president’s Working Group on Financial Markets, which includes Washington’s main stewards of the U.S. financial system and is sometimes referred to as the “Plunge Protection Team.”

The group, which was also convened in 2009 during the latter stage of the financial crisis, includes officials from the Federal Reserve as well as the Securities and Exchange Commission.

Wall Street is also closely following reports that Trump has privately discussed the possibility of firing Federal Reserve Chairman Jerome Powell. Mnuchin said on Saturday Trump told him he had “never suggested firing” Powell.

Trump has criticized the U.S. central bank for raising interest rates this year, which could further dampen economic growth. The Fed’s independence is seen as a pillar of the U.S. financial system.

Mnuchin’s calls come as a range of asset classes have suffered steep losses.

In December alone, the S&P 500 is down nearly 12.5 percent, while the Nasdaq Composite has slumped 13.6 percent. The Nasdaq is now in a bear market, having declined nearly 22 percent from its record high in late August, and the S&P is not far off that level.

Corporate credit markets have been under duress as well, and measures of the investment grade corporate bond market are poised for their worst yearly performance since the 2008 financial crisis.

The high-yield bond market, where companies with the weakest credit profiles raise capital, has not seen a deal all month.

The last time that happened was in November 2008.

 
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A White House official says tension between a president and the interest-rate setting Federal Reserve is “traditional as part of our system.”

Acting chief of staff Mick Mulvaney says it should come as no surprise that President Donald Trump is unhappy the central bank, an independent agency, “is raising rates and we think driving down the value of the stock market.”

 

Speculation about the fate of Trump’s appointed Fed chairman, Jerome Powell, has swirled after Bloomberg News reported that Trump discussed firing Powell after this past week’s rate increase.

 

Treasury Secretary Steven Mnuchin tweeted Saturday that Trump has denied ever suggesting that and doesn’t believe he has the right to dismiss Powell.

 

Mulvaney also tells ABC’s “This Week” that the economy’s “fundamentals are still strong.”

 
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China and the United States held a vice ministerial-level call on Friday, the second such contact in a week, achieving a “deep exchange of views” on trade imbalances and the protection of intellectual property, the Chinese Ministry of Commerce said.

A statement posted on the ministry’s website on Sunday said the two countries “made new progress” on those issues, without specifying further.

It also said China and the United States discussed arrangements for the next call and mutual visits.

On Wednesday, the ministry said Beijing and Washington had held a vice ministerial-level telephone call about trade and economic issues, without providing other details.

The calls took place amid signs of a thaw in a trade dispute between the United States and China, the world’s two largest economies.

U.S. President Donald Trump and Chinese President Xi Jinping this month agreed to a truce that delayed the planned Jan. 1 U.S. increase of tariffs on $200 billion worth of Chinese goods while they negotiate a trade deal.

Chinese Commerce Ministry officials indicated earlier the two countries were in close contact over trade, and any U.S. trade delegation would be welcome to visit.
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In 2018, sitting leaders relinquished power in South Africa and Ethiopia. Zimbabwe elected a new leader after 37 years of rule by former President Robert Mugabe. Peaceful power transitions were also seen in Liberia, Sierra Leone and Mali. But while many find those trends encouraging, the opposite is also true in countries where some of world’s longest serving leaders continue to hold power. VOA correspondent Mariama Diallo reports on the overall trends that are sparking both hope and worry.
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