Politics

Contrary to the South Korean government’s initial analysis, the missile launched by North Korea into the waters west of Japan yesterday could represent an important advancement in the country’s missile technology that would allow it to carry multiple warheads.

According to a report in Japanese business newspaper Nikkei, photos of the Hwasong-15 published by local North Korean media showcase a newly developed launch system and casing.

After Russia announced on Wednesday that North Korea's latest intercontinental ballistic missile (ICBM) launch constituted a "provocative act" while also calling on all sides to "stay calm", major Russian military maneuvers have been reported today along Russia's tiny stretch of border with North Korea.

According to an alarming report detailing the new Russian military build-up in Newsweek:

Authored by John Rubino via DollarCollapse.com,

A recurring pattern of the past few decades involves governments promising to limit their borrowing, only to discover that hardly anyone cares. So target dates slip, bonds are issued, and the debts keep rising.

North Korea carried out its first missile test in more than two months earlier this week, ending the longest stretch of calm since President Trump took office. But according to satellite images exclusively obtained by Fox News, the North Korean military is already constructing another launch pad at the Panghyon Airbase in North Pyongyang - the same site where it carried out its July 4 launch of an ICBM.

This suggests that the North is already preparing for its next missile test.

Following a report from the Joint Committee on Taxation, which unveiled late on Thursday afternoon that the Senate Tax bill would generate enough economic growth to lower its $1.4 trillion revenue cost by only about $458 billion over a decade - in other words it would still boost the deficit by roughly $1 trillion - in a dramatic showdown on the Senate floor, GOP leaders agreed to effectively increase taxes by $350 billion in response to a procedural ambush by deficit hawks led by Sen. Bob Corker that nearly killed the GOP tax reform bill.