Word: pyongyang
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...Vegas Strip as the world's biggest gambling center. As it has grown, Macau has begun to shed its image as a shady place that handles illicit international finance. When the U.S. Treasury Department in 2005 named Macau's Banco Delta Asia a "willing pawn" in money laundering for Pyongyang, regulators in Macau agreed to freeze $24 million in North Korean funds held by the bank. Given the crackdown, it may well have been embarrassing for a potential heir of the nuclear-armed hermit kingdom's ruler to pop up in the territory...
...first time in a year and half, something vaguely resembling optimism - not a word often used when it comes to U.S. relations with North Korea - surrounds the latest round of the so called six-party talks, which resumed today in Beijing. The talks aimed at getting Pyongyang to give up its nuclear weapons program have gone nowhere since September 2005, when a breakthrough about the terms for a possible grand compromise quickly broke down - in part because of North Korean fury at financial sanctions imposed by Washington. The North then dramatically upped the ante in the long-running showdown...
...Last month, Hill met in Berlin with his North Korean counterpart, Kim Kye Gwan, and the first signs of a possible thaw became apparent. Hill referred to "good signs" after the meeting, and now diplomats say they hope that at the current round of talks Pyongyang will agree to shut down its nuclear reactor at Yongbyon, which produces the basic fissile material it needs for the bomb. There is also talk that international inspectors may be allowed back into North Korea to visit Yongbyon and perhaps other nuclear sites. In return, the U.S. and its allies in the talks - China...
...purse and a smile on his face. As the Dear Leader's eldest son, Jong Nam was once considered his father's likely successor. But after the 2001 Disney debacle, when he was stopped at Narita Airport with a forged Dominican Republic passport and then deported to China, Pyongyang watchers say Jong Nam has fallen from favor. But that didn't diminish the interest of the media, especially in Japan...
...China, it has surpassed the Las Vegas strip as the world's biggest gambling center. The territory has also been dragged into the current standoff between North Korea and the U.S. The U.S. Treasury Department has named Macau's Banco Delta Asia a "willing pawn" in money laundering for Pyongyang, prompting the territory's regulators to freeze $24 million in North Korean funds held by the bank. Amid that crackdown it may have been a bit embarrassing for a potential heir of the nuclear-armed hermit kingdom's ruler to pop up in the territory...