Revamped propaganda lectures fall on deaf ears

first_img News SHARE By Choi Song Min – 2016.02.23 3:16pm NewsEconomy Revamped propaganda lectures fall on deaf ears News AvatarChoi Song Min North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) center_img RELATED ARTICLESMORE FROM AUTHOR There are signs that North Korea is running into serious difficulties with its corn harvest News Facebook Twitter North Korea is producing and distributing‘direct lecture’ propaganda that celebrates the success of its purportedhydrogen bomb test and rocket launch in order to draw attention and excitementto the upcoming 7th Party Congress. However, inside sources indicate that theaggressive propaganda push has been substantially ineffective and largely dismissed by the public.In a telephone conversation with the DailyNK on February 18, an inside source from South Pyongan Province said,“Recently, organizations affiliated with the central party Propaganda andAgitation Department at the provincial and local levels have been implementinglectures. The lectures were prepared for them by the central department.Members at the local level are traveling around to factory businesses,schools, and rural areas in order to implement the propaganda lectures and topave the way for a successful 7th Party Congress.” Sources in North Pyongan Province, North Hamgyong Province, and South Hamgyong Province corroborated these developments.He continued, “The propagandalecturers are instructing residents that the international community hasexpressed support and approval over North Korea’s recent nuclear test andmissile launch. They are also showing pictures of the two events as evidence ofthe regime’s success. They are also saying that the 7th Party Congress in Maywill bring about groundbreaking changes in the welfare of the people in orderto gain public sympathy and support.” In the early 1990s, Kim Jong Il issued anorder that the Department of Propaganda and Agitation carry out “public opinionexpansion measures” in places like markets, train stations, parks, and areaswith a high concentration of residences. Although the measures were undertakenin secret–that is, plainclothes propaganda actors posing as ordinary residents–during Kim Jong Il’s reign, they occur out in the open in Kim JongUn’s North Korea. Additionally, there are multiple propagandateams in each area, which has spurred a competition between the factions toimplement the superior lecture. The source also indicated that there is aweekly evaluation of each area’s number of participants, activity patterns, andresident reception.    “Starting in January,there has been a shortage of mass meetings and rallies. Therefore, to make upthe shortfall, there are now nightly lectures and classes carried out by partyleadership in each region. Some lectures are even held for residents after theyfinish their day’s work. Complementing these efforts have been praises of thesatellite launch and the Party Congress on the radio, newspaper, andloudspeakers,” he explained. “The workers complained of harassment by aregime that makes it difficult to properly do their jobs. Elementary, middle,and high school students are being mobilized to street parades and state-runenterprises to perform plays that support the Art Propaganda Squad every day–morning, noon, and night.”   When asked about the residents’ reaction tothe news, the source said, “People are saying things such as: ‘We were sick andtired of the propaganda in the old days. There’s no way we’re believing whatthey say about the nuclear test and rocket launch this time around.’ And, ‘Ifit is true, then the UN is surely going to issue sanctions, no?’ In this way,the residents expressed skepticism about the regime’s depiction of theinternational community welcoming North Korea’s nuclear test and missilelaunch.”    US dollar and Chinese reminbi plummet against North Korean won once againlast_img read more

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Equity funds post mixed results in October: Morningstar

IE Staff Canadian fund sales exceeded $23B in February Facebook LinkedIn Twitter Related news Keywords Fund performanceCompanies Morningstar Research Inc. Sector Watch: Dodging potholes on the home front Sector Watch: Performance at home and beyond Equity funds in Canada showed mixed results in October, with those that target Asian and European markets posting positive returns while U.S. and Japanese equity funds were in the red. Meanwhile, those that focus on Canadian equities offered modest gains, according to preliminary performance numbers released today by Morningstar Canada. The best performer among the 42 Morningstar Canada fund indices was the one that tracks the greater China equity category, which followed up its impressive 6.2% increase in September with a 5.4% increase last month. “A series of recent small stimulus steps taken by the Chinese government, as well as talk of further and bigger stimulus measures in advance of China’s leadership change on Nov. 8, helped fuel this rally,” said Morningstar fund analyst Joanne Xiao. In second place, the European equity fund index posted its third consecutive monthly increase, rising 2.6%, while the fund indices that track the international equity, Asia Pacific equity, and emerging markets equity also did well with increases of 1.9%, 1.6%, and 1.5% for the month, respectively. “Quantitative easing remained the top story in October, and European equities continued to rally on the back of the European Central Bank’s bond-buying program,” Xiao said. In the United States, the S&P 500 Index had one of the worst performances among major markets with a 1.9% loss in October, but funds in the U.S. equity category benefited from the depreciation of the Canadian dollar versus its U.S. counterpart, which mitigated the losses. The U.S. equity fund index decreased by 1.3% for the month, which was the second-worst return of all fund indices. Other fund indices that fell included Japanese equity and U.S. small/mid cap equity, with decreases of 0.2% and 0.9%, respectively. Also at the bottom of the table were four sector-specific fund indices: natural resources equity (-0.6%), real estate equity (-0.9%), precious metals equity (-0.9%), and health care equity (-2.1%). Morningstar Canada’s five domestic equity fund indices all had positive results last month, though all ranked in the middle of the pack overall. The Canadian equity fund index had the best return with a 1.3% increase, while Canadian focused equity, Canadian dividend & income equity, and Canadian small/mid cap equity posted increases of 1.1%, 0.9%, and 0.3%, respectively. Bringing up the rear, the Canadian focused small/mid cap equity Index eked out a 0.1% increase. “Canadian equities were positive this month thanks to strength in a number of sectors, with the biggest contributions coming from financials and telecommunications. In spite of weakness in commodity prices, the materials sector in Canada was an overall positive contributor for the month,” Xiao said. Final performance figures will be published next week. Share this article and your comments with peers on social media read more

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