North Korea: Paper Tiger

(C4L) – Another day, it must be another weapons test for North Korea. And that means wailing and gnashing of teeth from Seoul to Washington. And presidential statements denouncing the grave threat posed to world peace.

MSM: North Korea ‘has deployed multiple nuclear warheads’ ahead of launch

North Korea has developed and deployed multiple nuclear warheads that can be attached to medium-range Rodong missiles, according to a Seoul-based defence analyst.

MSM: US moves warships into position for North Korean missile

The US and Japan yesterday deployed anti-missile batteries on land and sea to shoot down possible debris from an intercontinental ballistic missile North Korea is expected to test in the next few days.

MSM: North Korea tears up agreements

Communist North Korea has said it is scrapping all military and political agreements signed with the South, accusing Seoul of hostile intent.

The South’s government had pushed relations “to the brink of a war”, the North’s cross-border relations body said on state media.

MSM: S. Korean Military On Alert After N. Korea Pledges ‘Confrontational Posture’

South Korea said its military forces remained on alert Sunday a day after North Korea issued a statement pledging “an all-out confrontational posture.”

The Korean People’s Army called South Korea’s president a “traitor” and accused him of preparing a military provocation, according to a Saturday report by the North’s state-run Korean Central News Agency.

Asian stocks plunge on fears of global recession

TOKYO (AP) — A meltdown in confidence strangled Asian stock markets Wednesday on accelerating fears that the widening financial crisis could spawn a global recession.

After a miserable day on Wall Street when the Dow Jones industrials lost more than 500 points, investors from Tokyo to Mumbai, Seoul to Sydney dumped shares in a broad regional sell-off.

Anxious investors in Tokyo sent shares into a free-fall, with the benchmark Nikkei 225 stock average plunging 9.4 percent — its biggest drop in 21 years — to 9,203.32, a five-year low.