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With 5 Missiles, China Sends Stark Signal to Japan and U.S. on Taiwan

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With 5 Missiles, China Sends Stark Signal to Japan and U.S. on Taiwan

TOKYO — North Korea has for years lobbed missiles into Japan’s waters with out nice incident. However for an more and more highly effective and aggressive China to do the identical — because it did Thursday as part of navy workout routines — has sharply raised considerations in political and safety circles from Tokyo to Washington.

Beijing’s firing of 5 missiles into waters which might be a part of Japan’s unique financial zone, to the east of Taiwan, has despatched a warning to each the US and Japan about coming to assistance from Taiwan within the occasion of a battle there, analysts stated.

Beijing needs to remind Washington that it could actually strike not solely Taiwan, but in addition American bases within the area, equivalent to Kadena air base on Okinawa, in addition to any marine invasion forces, stated Thomas G. Mahnken, a former Pentagon official who’s now president of the Middle for Strategic and Budgetary Assessments in Washington.

It additionally reminds the Japanese that the American navy presence on Okinawa makes Japan a goal, he added.

Daniel Sneider, an skilled on Japan’s overseas relations at Stanford College, stated the Chinese language “wish to show that they’ve the aptitude to impose a blockade on Taiwan, they usually wish to ship a really clear message to people who would come to assistance from Taiwan — the U.S. and Japan — that they’ll goal them as nicely.”

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“If anybody in Japan thought they may keep away from involvement in a battle within the Taiwan Strait,” Mr. Sneider added, “the Chinese language have demonstrated that’s not the case.”

Analysts additionally prompt that China’s navy workout routines within the waters round Taiwan appear prone to alter the established order within the area, simply as workout routines in 1995 and 1996 obliterated the median line within the middle of the Taiwan Strait.

“This train will final for under three days,” stated Tetsuo Kotani, professor of worldwide relations at Meikai College and a senior fellow on the Japan Institute of Worldwide Affairs, “however this type of huge train will probably turn out to be routine over the subsequent few years.”

U.S. Home Speaker Nancy Pelosi, whose go to to Taiwan this week ignited regional tensions, arrived in Japan Thursday night time and is predicted to fulfill with prime Japanese politicians on Friday, beginning with a breakfast with Prime Minister Fumio Kishida.

Some analysts have argued that if Beijing’s intent was to intimidate Japan, the missile photographs may need the alternative impact on Japan’s leaders.

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“Seeing one thing like this unfolding and having Chinese language missiles touchdown in Japan’s financial zone may very well speed up the argument for a extra fast improve in protection spending,” stated Yuki Tatsumi, director of the Japan program on the Stimson Middle, a Washington assume tank.

Japan has for years warily eyed the rising energy of its neighbor, and has begun plans to take extra accountability for its personal protection, working nearer with its allies to counter China and relying much less on Washington.

That evolution from its pacifist, postwar orientation gained new impetus with Russia’s invasion of Ukraine, after which the ruling Liberal Democrats really useful doubling navy spending to 2 p.c of gross home product.

Extra hawkish politicians have pushed for Japan to develop a first-strike functionality with conventionally armed missiles, and even prompt that the nation may sooner or later host American nuclear weapons as a deterrent. Such discuss would have been unthinkable a decade in the past.

Taiwan, solely 68 miles from a Japanese navy base on Yonaguni Island, in Okinawa prefecture, lies on the middle of Tokyo’s safety considerations. It’s certainly one of Japan’s largest commerce companions, is a serious supply of superior laptop chips and lies astride a slender strait via which just about all of Japan’s vitality sources are shipped.

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Policymakers worry that any navy confrontation over the island would inevitably attract Japan, which hosts U.S. navy bases on close by Okinawa and has had a contentious territorial dispute with Beijing over the Senkaku Islands.

In its most up-to-date white paper, Japan’s Protection Ministry cautioned that the nation ought to have “a way of disaster” over the opportunity of a U.S.-China confrontation.

Getting ready for such an occasion, navy planners have elevated coordination with American forces and moved extra troops and missile batteries to islands in southern Japan, which could possibly be on the entrance traces of a conflict.

In December, throughout remarks to a Taiwanese coverage group, Shinzo Abe, the previous prime minister, who was assassinated final month, warned {that a} “Taiwan disaster could be a Japan disaster. In different phrases, a disaster for the U.S.-Japan alliance.”

In an opinion article in April in The Los Angeles Instances, he referred to as for the US to make clear its coverage of “strategic ambiguity” towards the island, arguing that it’s “fostering instability within the Indo-Pacific area, by encouraging China to underestimate American resolve.”

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The Japanese public has taken a eager curiosity within the query of Taiwan’s safety in recent times, as worries have grown about provide chains, China’s regional navy exercise and its therapy of Uighurs and its hostility to democratic governance in Hong Kong. Because the begin of the pandemic, public opinion has shifted decisively towards China, whereas help for Taiwan has grown apace.

Shortly after the missiles landed, Tokyo issued a proper protest to China and referred to as on it to instantly cease its navy workout routines close to Taiwan, Japan’s International Ministry stated in an announcement.

Talking to reporters, Japan’s protection minister, Nobuo Kishi, referred to as the incident “a grave challenge that considerations our nationwide safety and the protection of the folks.”

Earlier on Thursday, earlier than the missiles had been fired, Hua Chunying, a spokeswoman for the Chinese language International Ministry, had instructed reporters that Beijing didn’t acknowledge Japan’s financial zone, the place the missiles landed.

China additionally referred to as off a gathering between its overseas minister, Wang Yi, and his Japanese counterpart, Yoshimasa Hayashi, after the Group of seven industrialized nations issued an announcement expressing concern about Beijing’s “threatening actions” round Taiwan.

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The missile incident is in some methods a well-recognized routine for Japan, which has seen 10 North Korean ballistic missiles land in its financial zone since 2016. Within the brief time period, based on Ms. Tatsumi, the analyst, Japan’s response to Beijing is prone to observe the identical playbook as with Pyongyang: diplomatic protests and extra vigilance.

“Japan undoubtedly doesn’t wish to be blamed by China for quote unquote overreacting,” she stated, “in order that they received’t counter with something bodily, however their monitoring will ramp up.”

In the long run, nonetheless, China ought to count on Japan to harden itself militarily, she stated.

“It is not going to decelerate Japan’s debate on growing its protection spending,” she added. “If something it’ll most likely speed up it, and it’ll additionally speed up conversations between the U.S. and Japan.”

Hisako Ueno and Makiko Inoue contributed reporting from Tokyo, and Eric Schmitt from Washington.

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Albania Gives Jared Kushner Hotel Project a Nod as Trump Returns

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Albania Gives Jared Kushner Hotel Project a Nod as Trump Returns

The government of Albania has given preliminary approval to a plan proposed by Jared Kushner, Donald J. Trump’s son-in-law, to build a $1.4 billion luxury hotel complex on a small abandoned military base off the coast of Albania.

The project is one of several involving Mr. Trump and his extended family that directly involve foreign government entities that will be moving ahead even while Mr. Trump will be in charge of foreign policy related to these same nations.

The approval by Albania’s Strategic Investment Committee — which is led by Prime Minister Edi Rama — gives Mr. Kushner and his business partners the right to move ahead with accelerated negotiations to build the luxury resort on a 111-acre section of the 2.2-square-mile island of Sazan that will be connected by ferry to the mainland.

Mr. Kushner and the Albanian government did not respond Wednesday to requests for comment. But when previously asked about this project, both have said that the evaluation is not being influenced by Mr. Kushner’s ties to Mr. Trump or any effort to try to seek favors from the U.S. government.

“The fact that such a renowned American entrepreneur shows his interest on investing in Albania makes us very proud and happy,” a spokesman for Mr. Rama said last year in a statement to The New York Times when asked about the projects.

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Mr. Kushner’s Affinity Partners, a private equity company backed with about $4.6 billion in money mostly from Saudi Arabia and other Middle East sovereign wealth funds, is pursuing the Albania project along with Asher Abehsera, a real-estate executive that Mr. Kushner has previously teamed up with to build projects in Brooklyn, N.Y.

The Albanian government, according to an official document recently posted online, will now work with their American partners to clear the proposed hotel site of any potential buried munitions and to examine any other environmental or legal concerns that need to be resolved before the project can move ahead.

The document, dated Dec. 30, notes that the government “has the right to revoke the decision,” depending on the final project negotiations.

Mr. Kushner’s firm has said the plan is to build a five-star “eco-resort community” on the island by turning a “former military base into a vibrant international destination for hospitality and wellness.”

Ivanka Trump, Mr. Trump’s daughter, has said she is helping with the project as well. “We will execute on it,” she said about the project, during a podcast last year.

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This project is just one of two major real-estate deals that Mr. Kushner is pursuing along with Mr. Abehsera that involve foreign governments.

Separately, the partnership received preliminary approval last year to build a luxury hotel complex in Belgrade, Serbia, in the former ministry of defense building, which has sat empty for decades after it was bombed by NATO in 1999 during a war there.

Serbia and Albania have foreign policy matters pending with the United States, as both countries seek continued U.S. support for their long-stalled efforts to join the European Union, and officials in Washington are trying to convince Serbia to tighten ties with the United States, instead of Russia.

Virginia Canter, who served as White House ethics lawyer during the Obama and Clinton administrations and also an ethics adviser to the International Monetary Fund, said even if there was no attempt to gain influence with Mr. Trump, any government deal involving his family creates that impression.

“It all looks like favoritism, like they are providing access to Kushner because they want to be on the good side of Trump,” Ms. Canter said, now with State Democracy Defenders Fund, a group that tracks federal government corruption and ethics issues.

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Craft supplies retailer Joann declares bankruptcy for the second time in a year

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Craft supplies retailer Joann declares bankruptcy for the second time in a year

The craft supplies and fabric retailer Joann filed for bankruptcy for the second time in less than a year, as the chain wrestles with declining sales and inventory shortages, the company said Wednesday.

The retailer emerged from a previous Chapter 11 bankruptcy process last April after eliminating $505 million in debt. Now, with $615 million in liabilities, the company will begin a court-supervised sale of its assets to repay creditors. The company owes an additional $133 million to its suppliers.

“We hope that this process enables us to find a path that would allow Joann to continue operating,” said interim Chief Executive Michael Prendergast in a statement. “The last several years have presented significant and lasting challenges in the retail environment, which, coupled with our current financial position and constrained inventory levels, forced us to take this step.”

Joann’s more than 800 stores and websites will remain open throughout the bankruptcy process, the company said, and employees will continue to receive pay and benefits. The Hudson, Ohio-based company was founded in 1943 and has stores in 49 states, including several in Southern California.

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According to court documents, Joann began receiving unpredictable and inconsistent deliveries of yarn and sewing items from its suppliers, making it difficult to keep its shelves stocked. Joann’s suppliers also discontinued certain items the retailer relied on.

Along with the “unanticipated inventory challenges,” Joann and other retailers face pressure from inflation-wary consumers and interest rates that were for a time the highest in decades. The crafts supplier has also been hindered by competition from others in the space, including Michael’s, Etsy and Hobby Lobby, said Retail Wire Chief Executive Dominick Miserandino.

“It did not necessarily learn to evolve like its nearby competitors,” Miserandino said of Joann. “Not many people have heard of Joann in the way they’ve heard of Michael’s.”

Joann is not the first retailer to continue to struggle after going through bankruptcy. The party supply chain Party City announced last month it would be shutting down operations, after filing for and emerging from Chapter 11 bankruptcy in 2023.

Over the last two years, more than 60 companies have filed for bankruptcy for a second or third time, Bloomberg reported, based on information from BankruptcyData. That’s the most over a comparable period since 2020, when the COVID-19 pandemic kept shoppers home.

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Discount chain Big Lots filed for bankruptcy last September, and the Container Store, a retailer offering storage and organization products, declared bankruptcy last month. Companies that rely heavily on brick-and-mortar locations are scrambling to keep up with online retailers and big-box chains. Fast-casual restaurants such as Red Lobster and Rubio’s Coastal Grill have also struggled.

High prices have prompted consumers to pull back on discretionary spending, while rising operating and labor costs put additional pressure on businesses, experts said. The U.S. annual inflation rate for 2024 was 2.9%, down from 3.4% in 2023. But inflation has been on the rise since September and remains above the Federal Reserve’s goal of 2%.

If a sale process for Joann is approved, Gordon Brothers Retail Partners would serve as the stalking-horse bidder and set the floor for the auction.

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U.S. Sues Southwest Airlines Over Chronic Delays

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U.S. Sues Southwest Airlines Over Chronic Delays

The federal government sued Southwest Airlines on Wednesday, accusing the airline of harming passengers who flew on two routes that were plagued by consistent delays in 2022.

In a lawsuit, the Transportation Department said it was seeking more than $2.1 million in civil penalties over the flights between airports in Chicago and Oakland, Calif., as well as Baltimore and Cleveland, that were chronically delayed over five months that year.

“Airlines have a legal obligation to ensure that their flight schedules provide travelers with realistic departure and arrival times,” the transportation secretary, Pete Buttigieg, said in a statement. “Today’s action sends a message to all airlines that the department is prepared to go to court in order to enforce passenger protections.”

Carriers are barred from operating unrealistic flight schedules, which the Transportation Department considers an unfair, deceptive and anticompetitive practice. A “chronically delayed” flight is defined as one that operates at least 10 times a month and is late by at least 30 minutes more than half the time.

In a statement, Southwest said it was “disappointed” that the department chose to sue over the flights that took place more than two years ago. The airline said it had operated 20 million flights since the Transportation Department enacted its policy against chronically delayed flights more than a decade ago, with no other violations.

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“Any claim that these two flights represent an unrealistic schedule is simply not credible when compared with our performance over the past 15 years,” Southwest said.

Last year, Southwest canceled fewer than 1 percent of its flights, but more than 22 percent arrived at least 15 minutes later than scheduled, according to Cirium, an aviation data provider. Delta Air Lines, United Airlines, Alaska Airlines and American Airlines all had fewer such delays.

The lawsuit was filed in the United States District Court for the Northern District of California. In it, the government said that a Southwest flight from Chicago to Oakland arrived late 19 out of 25 trips in April 2022, with delays averaging more than an hour. The consistent delays continued through August of that year, averaging an hour or more. On another flight, between Baltimore and Cleveland, average delay times reached as high as 96 minutes per month during the same period. In a statement, the department said that Southwest, rather than poor weather or air traffic control, was responsible for more than 90 percent of the delays.

“Holding out these chronically delayed flights disregarded consumers’ need to have reliable information about the real arrival time of a flight and harmed thousands of passengers traveling on these Southwest flights by causing disruptions to travel plans or other plans,” the department said in the lawsuit.

The government said Southwest had violated federal rules 58 times in August 2022 after four months of consistent delays. Each violation faces a civil penalty of up to $37,377, or more than $2.1 million in total, according to the lawsuit.

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The Transportation Department on Wednesday also said that it had penalized Frontier Airlines for chronically delayed flights, fining the airline $650,000. Half that amount was paid to the Treasury and the rest is slated to be forgiven if the airline has no more chronically delayed flights over the next three years.

This month, the department ordered JetBlue Airways to pay a $2 million fine for failing to address similarly delayed flights over a span of more than a year ending in November 2023, with half the money going to passengers affected by the delays.

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