World

South Korea’s massive U.S. investments feared to hurt its economy

U.S. President Donald Trump and his South Korean counterpart, Lee Jae Myung, shake hands during a meeting in the Oval Office of the White House in Washington on August 25. To coincide with Lee’s visit, South Korean companies pledged to invest $150 billion in the United States. File Photo by Al Drago/UPI

SEOUL, Nov. 7 (UPI) — After the inauguration of the Donald Trump in January, the South Korean government and its corporations were pressed to invest hundreds of billions of dollars in the United States to avoid high tariffs.

Observers expressed concern Friday that such large-scale overseas investments could end up harming Asia’s fourth-largest economy, which heavily depends on the manufacturing industry.

Late last month, Seoul agreed to invest $200 billion in cash and $150 billion in shipbuilding and other industrial projects in the United States over the coming years, with an annual ceiling of $20 billion.

In return, Washington would reduce tariffs on Korean exports to 15% from 25%, honoring the terms agreed upon in late July. Trump also vowed to provide propulsion technology to help the key U.S. ally in East Asia build a nuclear-powered submarine.

The deal coincided with Trump’s visit to Korea to meet his counterpart, President Lee Jae Myung, on the sidelines of the Asia-Pacific Economic Cooperation Summit.

“Beginning next year, our annual investments in the United States are expected to double compared to 2025. When corporate funds move abroad, companies will have less capacity to invest at home,” Sogang University economics Professor Hur Jung told UPI.

“The problem is that it appears to become a long-term trend, which is feared to lead to the hollowing out of Korea’s manufacturing sector. The government is required to put forth great efforts to address this,” he said.

Hur recommended the country to prioritize traditional industries, such as semiconductors and automobiles, rather than concentrate on artificial intelligence-based innovations, which have been the main focus of the incumbent Seoul administration.

Other analysts note that the worries go beyond the $350 billion investment plan, as many Korean corporations have announced major spending initiatives in the United States to avoid high tariffs.

For example, Korea’s state-backed companies and private enterprises promised up to $150 billion in investments in the United States in August, when Lee had his first summit with Trump.

Back then, Hyundai Motor Group unveiled a plan to funnel $26 billion in the United States until 2028, while Hanwha Group committed $5 billion to expand its shipyard in Philadelphia, which the Korean conglomerate acquired late last year.

Korean Air also plans to purchase 103 aircraft from Boeing by the end of the 2030s, which is expected to total $36.2 billion in value.

“Korea Inc. invested $106 billion in domestic facilities last year. And its companies are now ready to spend $150 billion in the United States alone after a single meeting between the two countries’ political leaders in August. Does it make sense?” economic commentator Kim Kyeong-joon, formerly vice chairman at Deloitte Consulting Korea, asked rhetorically in a phone interview.

“Our foreign exchange reserves stand at just over $400 billion, and we are preparing to pour more than that amount into a single foreign market. Such an approach could weaken our ability to invest domestically, weighing heavily on the manufacturing-based economy,” he said.

According to the Organization for Economic Cooperation and Development, manufacturing accounts for 27% of South Korea’s gross domestic product, which is almost double the average among other member countries.

Against this backdrop, the Ministry of Trade, Industry and Resources is set to establish a forum involving related researchers and businesses to deal with the expected crisis. The Bank of Korea also warned of the gravity of the situation in an August report.

“As in past crises, our corporations, the government and households need to share a sense of urgency and work together to overhaul the country’s aging economic structure,” the central bank said at the time.

However, critics take issue with the complacency of top policymakers like Kim Yong-beom, chief presidential secretary for policy in the current administration, who downplayed fears about the hollowing out of the domestic manufacturing sector.

“Such assessments may be premature because many partner firms and key operations, including research and development centers, still remain based in Korea,” Kim told a conference in early September.

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U.N. report: Afghan opium cultivation down, trafficking arrests up

A Thursday report by the United Nations said opium cultivation is down in Afghanistan, but trafficking arrests are up. Photo by Maxim Shipenkov/EPA-EFE

Nov. 6 (UPI) — Opium production has dropped sharply in Afghanistan, but trafficking in the region is on the rise, according to a Thursday report by the United Nations.

The report, by the UN Office on Drugs and Crime, said a little over 25,000 acres are being cultivated now, down from almost 31,000 acres in 2024.

The report said production has fallen by a third to 296 tons, and farmers’ income from opium production has dropped almost in half over the same period.

The report stressed the need to continue to eradicate efforts with support for alternative livelihoods and demand-reduction methods.

“While many growers have switched to cereals and other crops, worsening drought and low rainfall have left over 40% of farmland barren,” the report said.

Effects from the climate have been exacerbated by an influx of 4 million Afghans returning from other countries, which has created increased competition for jobs and put pressure on other sectors of the economy.

The report said these factors have made opium production an attractive alternative.

While cultivation has fallen, optimum trafficking is on the rise as the demand for synthetic drugs made from the plant continues to increase.

Seizures in and around Afghanistan are up 50% compared to 2024, driven largely by an uptick in methamphetamine use, the report said.

Synthetic opium-based drugs are relatively easy to produce and harder to detect than pure opium, which has also contributed to the increase in demand.

“The dynamics of supply and trafficking involve both Afghan and international actors,” said Georgette Gagnon, Deputy Special Representative in charge of the UN political mission in the country.

“Addressing this challenge requires collaboration among key stakeholders,” Gangnon added.

The report calls for counternarcotics strategies that extend beyond opium, including synthetic drug manufacturing and transportation, as well as prevention methods.

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The surprisingly divisive world of California wildlife policy

When I tell people what I cover for the Los Angeles Times, they’re delighted. A typical response is, “Sounds like fun!”

My beat is focused on wildlife and the outdoors. And in this world of fierce contention, over seemingly everything, it sounds downright peachy.

This is plenty of joy and wonder in the work. I’ve reported on the rehabilitation of a fuzzy baby sea otter by a surrogate mom and the resurgence of a rare songbird along the L.A. River.

However, there is also plenty of strife, messy politics and difficult decisions. (My inbox reflects the high emotion. I get hate and love mail, just like other reporters.)

Take a saga I’ve been writing about for more than a year concerning a plan by federal wildlife officials to shoot up to nearly half a million barred owls over three decades to save spotted owls in California, Washington and Oregon. Even someone who knows nothing about the matter can guess it’s controversial.

Since the strategy was approved last year by the U.S. Fish and Wildlife Service, animal rights groups have fought to stop it, gaining traction with some U.S. lawmakers. Bipartisan legislators signed onto letters urging the Trump administration to cancel it, citing costs they said could top $1 billion. Then, this summer, Republicans in the House and Senate introduced resolutions that, if successful, would overturn the plan for good.

It was a nightmare scenario for environmental nonprofits, which acknowledge the moral quandary involved with killing so many animals, but say the barred owl population must be kept in check to prevent the extinction of the northern spotted owl, which is being muscled out of its native territory by its larger, more aggressive cousin. They also dispute that ten-figure price tag.

Then, at the eleventh hour, there was an upset in alliances. Logging advocates said canceling the plan could hinder timber sales in Oregon, and threaten production goals set by the Trump administration. That’s right: Loggers were now on the same side as conservationists, while right-wing politicians were aligned with animal welfare activists. Talk about unlikely, uncomfortable political bedfellows.

The loggers’ plea may have tipped the scales. Louisiana Republican John Kennedy, who spearheaded the Senate resolution, said Interior Secretary Doug Burgum — whose portfolio includes timber — personally asked him to abandon the effort. Kennedy, in colorful terms, declined to back down. He called the planned cull “DEI for owls” and said Burgum “loves it like the devil loves sin.” The resolution didn’t pass, splitting the Republican vote almost down the middle.

You don’t have to go to Washington, D.C., to find epic battles over wildlife management.

In California, there’s been much discussion in recent years about the best way to live alongside large predators such as mountain lions and wolves.

Wolves in California were wiped out by people about a century ago, and they started to recolonize the state only 14 years ago. The native species’ resurgence is celebrated by conservationists but derided by many ranchers who say the animals are hurting their bottom line when they eat their cattle.

State wildlife officials recently euthanized four gray wolves in the northern part of the state that were responsible for 70 livestock losses in less than six months, my colleague Clara Harter reported, marking the latest flashpoint in the effort to manage them.

“Wolves are one of the state’s most iconic species and coexistence is our collective future,” said Charlton Bonham, director of the California Department of Fish and Wildlife. “But that comes with tremendous responsibility and sometimes hard decisions.”

Even hulking herbivores such as wild horses stir passionate disagreement.

In the Eastern Sierra last month, I walked among dozens of multi-colored equines with members of local Native American tribes, who told me of their deep connection to the animals — and their heartbreak over U.S. government plans to send them away.

Federal officials say the herd has surged to more than three times what the landscape can support, and pose a safety hazard on highways, while also damaging Mono Lake’s unique geologic formations. Under a plan approved earlier this year, hundreds are slated to be rounded up and removed.

A coalition that includes local tribes — which have cultural ties to the animals that go back generations — disputes many of these claims and argues that the removal plan is inhumane.

“I wish I had a magic wand and could solve it all,” Beth Pratt, of the National Wildlife Federation, told me after my article on the horses was published.

Stay tuned. I’ll be writing this newsletter about once a month to dig into important wildlife stories in the Golden State and beyond. Send me feedback, tips and cute cat photos at [email protected].

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More recent wildlife news

Speaking of wolves: The Trump administration ordered Colorado to stop importing gray wolves from Canada as part of the state’s efforts to restore the predators, a shift that could hinder plans for more reintroductions this winter, according to the Associated Press’ Mead Gruver. The state has been releasing wolves west of the Continental Divide since 2023.

More than 17,000 acres of ancestral lands were returned to the Tule River Indian Tribe, which will allow for the reintroduction of Tule elk and the protection of habitat for California condors, among other conservation projects, my colleague Jessica Garrison reports.

Gov. Gavin Newsom’s office called it “the largest ancestral land return in the history of the region and a major step in addressing historical wrongs against California Native American tribes.”

One year after the discovery of golden mussels in the Sacramento-San Joaquin Delta, dense colonies cling to boats and piers, threatening water for cities and farms — and there’s no help on the way, reports CalMatters’ Rachel Becker. State agencies have prioritized protecting other areas in the state from the infested Delta, the hub of the state’s water supply.

Will traditional holiday fare such as crab cakes be on the menu this year? As fellow Times reporter Susanne Rust writes, the need to protect humpback whales in California’s coastal waters, combined with widespread domoic acid contamination along the northern coast, has once again put the brakes on the Dungeness crab commercial fishery and parts of the recreational fishery this fall.

A few last things in climate news

My colleague Ian James wrote about a big shift in where L.A. will get its water: The city will double the size of a project to transform wastewater into purified drinking water, producing enough for 500,000 people. The recycled water will allow L.A. to stop taking water from creeks that feed Mono Lake, promising to resolve a long-running environmental conflict.

California’s proposed Zone Zero regulations, which would force homeowners to create an ember-resistant area around their houses, have stirred backlash. One provision causing consternation may require the removal of healthy plants from within five feet of their homes, which some say isn’t backed by science. Those in favor of the rules say they’re key to protecting dwellings from wildfires. Now, as The Times’ Noah Haggerty explains, state officials appear poised to miss a Dec. 31 deadline to finalize the regulations.

Clean energy stocks have surged 50% this year, significantly outpacing broader market gains despite Trump administration policies targeting the sector, Bloomberg reports. Demand for renewable power to fuel artificial intelligence data centers and China’s aggressive clean-tech expansion are driving the rally.

Park rangers furloughed by the federal shutdown are teaching preschoolers and elementary school students about nature, earning some extra income, my colleague Jenny Gold reports.

One more thing

If you’re not quite ready to let go of the Halloween mood, I have good news. November generally marks the end of tarantula mating season. As I reported, male tarantulas strike out every year from their burrows in search of a lover. Finding one can be fatal, whether she’s in the mood or not. Females are known to snack on their suitors. Gulp.

While the arachnids inhabit areas such as the Angeles National Forest and Santa Monica Mountains year-round, mating season — when the males are on the move — offers the best opportunity to spot one. Through the month of November, you can also gaze at them at the Natural History Museum’s spider pavilion.

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This is the latest edition of Boiling Point, a newsletter about climate change and the environment in the American West. Sign up here to get it in your inbox. And listen to our Boiling Point podcast here.

For more wildlife and outdoors news, follow Lila Seidman at @lilaseidman.bsky.social on Bluesky and @lila_seidman on X.

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French auditor: Louvre should spend more on security, less on acquisitions

Nov. 6 (UPI) — An evaluation of the Louvre Museum’s security measures — underway long before a costly break-in last month — found Thursday that the Paris institution had fallen “considerably behind” in upgrading its technical infrastructure and security.

The report from the French Court of Auditors took a look at both the facilities of the museum and the Louvre Museum Endowment Fund from 2018 to 2024. It was completed before the Oct. 19 break-in during which thieves made off with eight bejeweled items worth millions.

The report said the theft highlighted “the importance of long-term investments in modernizing the museum’s infrastructure and restoring the palace.”

The authors of the report took issue with the Louvre’s acquirement of 2,754 items over eight years, one-fourth of which were on display. These items — and renovations of displays — represent an investment of $167 million, double what the Louvre allocated for maintenance, upgrades and building restoration.

“Throughout the period under review, the court observed that the museum prioritized visible and attractive operations, such as the acquisition of works, and the redesign of its displays, to the detriment of the maintenance and renovation of buildings and technical installations, particularly those related to safety and security,” the report said.

The report recommended that the Louvre eliminate a rule that requires the museum spend 20% of its ticket revenues — $143 million in 2024 — on acquiring new works. This would allow the facility to redirect funds to update the building without additional state funding. Auditors said the museum could also lean more heavily on its endowment fund to make the upgrades.

Police in France have arrested several people believed to be connected to the October heist. The theft saw four people use a truck with a ladder to break into the upper-floor Apollo Gallery and steal jewelry from display cases.

Among the items stolen were items once owned by French Emperor Napoleon Bonaparte and his wife, Empress Joséphine de Beauharnais.

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Republic of Ireland: Hallgrimsson names squad for World Cup qualifiers

Republic of Ireland manager Heimir Hallgrimsson has named his squad for the upcoming World Cup qualifiers with Evan Ferguson included despite struggling with an ankle problem.

The forward – on loan at Roma from Brighton, who scored in the 1-0 win against Armenia in October, picked up the injury against Parma on 29 October. However, he is included in the 25-man squad for the final two group games that begin at home to Portugal on Thursday, 13 November (19:45 GMT) before a trip to Hungary on Sunday, 16 November (14:00 GMT).

Hallgrimsson’s side go into the final round of matches in Group F sitting in third, one point behind Hungary who travel to Armenia in the first of their games, knowing qualification for the 2026 World Cup could be out of their grasp with a game to spare should they lose to runaway leaders Portugal.

Missing for that game will be Jayson Molumby and Ryan Manning through suspension, but both are included in the squad.

There is a return for Mark Sykes despite his club Bristol City revealing he would miss their next two games after sustaining a gash on his leg in Tuesday’s 1-0 defeat by Blackburn Rovers.

With Callum O’Dowda out, Jimmy Dunne retains his place in the squad after coming in as a late replacement for the October internationals, while American-born 26-year-old Kevin O’Toole receives a call-up with the left-sided New York City player eligible through his grandfather.

However, there is no call for Celtic’s Johnny Kenny – despite scoring three goals in his last two games, including the opener in the League Cup semi-final win over Rangers at the weekend – even though Hallgrimsson is without the injured Sammie Szmodics.

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Seven workers trapped after tower collapse at South Korean power plant

Rescuers are working to save at least seven workers trapped after a boiler tower collapsed at a thermal power plant operated by Korea East-West Power Co. in the southeastern city of Ulsan on Thursday. Photo by Yonhap News

SEOUL, Nov. 6 (UPI) — South Korean rescue crews are searching for workers believed to be trapped after a large structure collapsed at a power plant in the southeastern city of Ulsan on Thursday, according to reports from authorities and local media.

At least seven people were trapped when a 200-foot-tall boiler tower gave way at the Ulsan branch of the state-run utility Korea East-West Power, news agency Yonhap reported, citing the National Fire Agency. The collapse occurred shortly after 2 p.m. local time.

Two people were pulled from the debris earlier, while emergency responders continue to search for others feared buried beneath twisted metal and concrete.

Prime Minister Kim Min-seok ordered the Ministry of the Interior and Safety, National Fire Agency, Korean National Police Agency and local authorities to “mobilize all available equipment and personnel to prioritize saving lives.”

“In particular, we will make every effort to ensure the safety of firefighters working on-site and thoroughly implement safety measures such as on-site control and evacuation guidance for residents,” Kim said in a statement.

Interior Minister Yun Ho-jung also issued an emergency directive calling for mass mobilization of personnel and equipment to the accident site, adding that a situation-management officer had been dispatched to coordinate on-site operations.

Photos shared by local media showed a massive steel structure toppled on its side with a heap of crumpled beams and scaffolding at its base.

The disaster has renewed scrutiny of South Korea’s industrial safety regime, which has faced criticism following a series of fatal workplace accidents.

President Lee Jae Myung has repeatedly called for tougher safety enforcement to curb such tragedies.

“When fatal accidents occur in the same way, it ultimately amounts to condoning these deaths,” Lee said at a July cabinet meeting.

In August, he ordered that every workplace fatality be reported directly to his office and proposed sanctions such as revoking business licenses and restricting bids from companies with repeated deaths.

Lee, who suffered a factory accident as a teenager, has pledged to reduce South Korea’s industrial accident mortality rate — the highest among the 38 Organization for Economic Co-operation and Development member countries — to the OECD average within five years.

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Mexican President Claudia Sheinbaum files complaint against man accused of groping her in street

Nov. 5 (UPI) — Mexican President Claudia Sheinbaum said she has filed a complaint against the man seen in video groping her on a Mexico City street.

“If I don’t report it — besides the fact that it is a crime — then what position are all Mexican women left in?” she asked during a Wednesday press conference.

“If this can happen to the president, what can happen to all the young women in our country?”

Video of the Tuesday incident circulating online shows Sheinbaum speaking to people on a crowded Mexico City street. As she turns to speak with people to her right, a man comes up from behind her left side, puts his arm around her right shoulder and appears to lean in to try to kiss the president on the cheek.

As another man, whom Sheinbaum identified as Juan Jose of her staff, approaches, the suspect’s left hand is seen sliding up the president’s side and appears to grope her before Jose intervenes and moves him away.

Sheinbaum told reporters Wednesday that the man has been arrested.

“I had to go to the Mexico City Attorney General’s Office because it’s a local offense. I filed the complaint, and it turns out this same person later went on to harass other women on the street,” she said.

“First of all, this is something that should never happen in our country. I’m not saying this as the president, but as a woman, and on behalf of all Mexican women: it should not happen.”

She explained they decided to walk from the National Palace to the Ministry of Public Education on Tuesday because the drive would have taken 20 minutes, when by foot it would only take them a quarter of the time.

Many people greeted them en route without problems, until “this totally drunk person approached,” she said.

“That’s when I experienced this incident of harassment. At that moment, I was actually talking with other people, so I didn’t realize right away what was happening,” she said, adding it was only after watching the video that she realized she had been accosted.

“I decided to file a complaint because this is something I experienced as a woman, and it’s something women across our country experience. I’ve lived through this before, back when I wasn’t president, when I was a student, when I was young,” she said.

“Our personal space — no one has the right to violate it,” she continued. “No one. No one should violate our personal space. No man has the right to do so. The only way that’s acceptable is with a woman’s consent.”

The type of harassment the president was the victim of is not a crime in all states, she said, adding that she has called for a review to see where it is a criminal offense.

They are also launching a campaign to encourage women to be respected “in every sense” and to promote that harassment is a crime.

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World Cup qualifying: Cardiff City’s youth and style a ‘dream’ for Wales boss Craig Bellamy

Craig Bellamy laughs when asked about Rubin Colwill, the 23-year-old forward currently impressing for Cardiff City.

“He’s big for you, isn’t he?,” Bellamy asks the reporter who brings up his name.

Not that Bellamy is not a fan of the nine-cap midfielder, to the contrary.

However, Colwill has not always featured in Bellamy’s Wales squads despite playing a starring role in Cardiff’s League One promotion bid and their quarter-final EFL Cup run.

“Rubin is able, there’s still one or two bits that we need more from, but he’s capable,” insists Bellamy who has plenty of other reasons to be a regular at Cardiff City Stadium.

“For the first time in a long, long time, I’ve really enjoyed coming away from Cardiff games with a smile,” he added.

“Last year was difficult, the atmosphere was down, but now I get to see a number of Welsh young players playing in a way I like.

“I only see them improving and selfishly I just see that this is going to benefit the country, so I’m over the moon with that.”

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N. Korea slams U.S. sanctions on Pyongyang, vows proper response

SEOUL, Nov. 6 (Yonhap) — North Korea on Thursday denounced the latest U.S. sanctions on Pyongyang as a demonstration of Washington’s hostile policy, vowing to take proper measures to counter it with patience.

The North’s reaction came as the U.S. announced Tuesday that it had imposed sanctions on eight North Korean individuals and two entities for their involvement in laundering money stolen through illicit cyber activities.

The sanctions came even as U.S. President Donald Trump has expressed his wish to meet with North Korean leader Kim Jong-un to resume stalled diplomacy with Pyongyang.

Kim Un-chol, North Korea’s vice foreign minister in charge of U.S. affairs, said in a statement that by imposing fresh sanctions, the U.S. has showed its “invariable hostile” intents toward North Korea in an “accustomed and traditional way,” according to the Korean Central News Agency (KCNA).

“Now that the present U.S. administration has clarified its stand to be hostile towards the DPRK to the last, we will also take proper measures to counter it with patience for any length of time,” the statement showed.

Denouncing the U.S. for revealing its “wicked nature,” the North’s official warned Washington should not expect its tactics of pressure, appeasement, threat and blackmail against North Korea will work.

“The U.S. sanctions will have no effect on the DPRK’s thinking and viewpoint on it in the future, too, as in the past,” Kim said, using the acronym of North Korea’s official name, the Democratic People’s Republic of Korea.

In regard to North Korea’s statement, South Korea’s unification ministry assessed the North appears to have responded to the imposition of U.S. sanctions in a “restrained” manner.

The U.S. move came as North Korea has not responded to Trump’s proposal to meet with the North’s leader during his latest trip to South Korea on the occasion of the Asia-Pacific Economic Cooperation (APEC) gathering.

Earlier this week the U.S. State Department also raised the need to seek U.N. sanctions on seven ships accused of illegally exporting North Korean coal and iron ore to China in violation of U.N. Security Council sanctions over the North’s nuclear and missile programs.

South Korea’s spy agency said this week there were signs that North Korea had been preparing for a possible meeting with the U.S. in time for last week’s APEC gathering.

The National Intelligence Service said there is a high possibility that the North and the U.S. would hold a summit some time after an annual joint military exercise between South Korea and the U.S. in March next year.

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Shein opens store in Paris; French government begins sanctions

1 of 2 | Director of the Bazar de l’Hotel de Ville department store Karl-Stephane Cottendin cuts the ribbon at the opening of Chinese e-commerce giant Shein’s first physical store at the BHV department store in Paris on Wednesday. Photo by Dimitar Dilkoff/EPA/Pool

Nov. 5 (UPI) — The French government said it would begin action against online retailer Shein on Wednesday, just hours after the company opened its first brick-and-mortar store in Paris.

An outcry erupted last weekend after it was discovered that Shein was selling sex dolls that look like children, but on Tuesday, the company announced it was banning all sex dolls from the site.

On Wednesday, the government issued a statement saying: “On the instructions of the Prime Minister [Sébastien Lecornu], the government is initiating the procedure to suspend Shein for the time necessary for the platform to demonstrate to the public authorities that all of its content is finally in compliance with our laws and regulations.”

The store, which is the first Shein store in the world, also opened to chaos, as shoppers lined up to get in and protesters shouted at them, “Shame!”

Andreia Chavent, a worker at BHV Marais, said many employees were upset by the opening of Shein in Paris.

“We are directly concerned by how people work, what the conditions are like and how the clothes are made, even if it’s not in France,” Chavent, a member of the CFDT, France’s largest union, told The New York Times.

Shein has seen criticism over the way workers are treated in the Chinese factories that sell on the site.

The sex dolls controversy made things worse, Chavent added.

But not everyone is against the store.

“When I saw that Shein was coming to France, I said, ‘Yay!’ Because it still takes 20 weeks” for clothing from the site to arrive, Philippe Hamard, 27, told The Times.

He said that he doesn’t buy from Shein often because of “environmental issues and all that.” But said “I still buy from time to time for fun.”

On the sex doll controversy, he said, “I think there are a lot of controversies at the moment. But people will forget about it.”

Shein has plans to open seven stores in other cities in France.

Shein and AliExpress are also facing investigation in France over the dissemination of pornographic content to children, the prosecutor’s office told the BBC.

The Paris Office des Mineurs will handle the cases. The office oversees the protection of minors.

AliExpress said the adult listings violated its policies and were removed once the company learned of them.

“Sellers found to violate or trying to circumvent these requirements will be penalized in accordance with our rules,” AliExpress said in a statement, the BBC reported.

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Four questions the World Series champion Dodgers face this offseason

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The Cubs' Kyle Tucker runs the bases after hitting a solo home run during the seventh inning of Game 4 of their NLDS.

The Chicago Cubs’ Kyle Tucker runs the bases after hitting a solo home run during the seventh inning of Game 4 of their NLDS against the Milwaukee Brewers.

(Nam Y. Huh / Associated Press)

The most obvious area of need for next year’s Dodgers will be in the outfield.

Andy Pages will be back, trying to build upon his 27-homer campaign in 2025. Teoscar Hernández will enter the second of his three-year contract, trying to rebound from his injury-plagued struggles this past summer.

But the third spot remains wide open, with Michael Conforto hitting free agency after his dismal performance on a one-year, $17 million deal this past year, and Alex Call having been used in more of a depth role after his arrival of this year’s trade deadline.

Internally, the Dodgers don’t have an immediate plug-and-play option, as top prospects Josue De Paula, Zyhir Hope, Eduardo Quintero and Mike Sirota remain a ways away from the majors.

Thus, don’t be surprised to see the Dodgers linked with big names on either the free-agent or trade market this winter, starting with top free-agent prize Kyle Tucker.

Since the summer, industry speculation has swirled about the Dodgers’ expected pursuit of Tucker this offseason. The four-time All-Star did not finish 2025 well while nursing a couple injuries, but remains one of the premier left-handed bats in the sport, and could command upward of $400-$500 million on a long-term deal — a hefty price tag, but certainly not one beyond the Dodgers’ capabilities.

Free agency will include other notable outfield options. Cody Bellinger is hitting the open market, though a reunion with the Dodgers has always seemed like a long shot. Harrison Bader and Trent Grisham could provide more glove-first alternatives, and have been linked with the Dodgers in the past.

Then there are potential trade candidates, from left fielder Steven Kwan of the Cleveland Guardians to utilityman Brendan Donovan of the St. Louis Cardinals, also players the Dodgers have inquired about in the past.

The Dodgers could construct their 2026 roster in other ways, thanks to the versatility Tommy Edman provides in center field. But another outfield addition remains their most logical priority this winter. And there will be no shortage of possibilities.

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Korea Zinc nearly doubles profit in third quarter

Korea Zinc’s factory in South Korea. The company nearly doubled its profit in the third quarter from a year earlier. Photo courtesy of Korea Zinc

SEOUL, Nov. 5 (UPI) — Non-ferrous metal giant Korea Zinc said Tuesday it nearly doubled its profit in the third quarter of 2025 overa year ago, driven by strong demand across its product lines.

Korea Zinc reported $2.87 billion in revenue during the July-September period, up 29.7% year-on-year, for an operating income of $189 million, up 82.3%. The company said that it has remained profitable for 103 consecutive quarters since 2000.

The Seoul-based corporation said the strong sales of critical raw materials, including antimony, indium and bismuth, as well as precious metals, boosted performance during the three-month period.

Through its integrated smelting process for zinc, lead and copper, Korea Zinc also recovers about 10 by-products of critical raw materials and precious metals, such as gold and silver.

Korea Zinc said that gold and silver contributed about $2.5 billion to revenue during the first nine months of this year, as metal prices remained strong.

The world’s largest zinc manufacturer has also expanded its portfolio of strategic materials. Antimony, indium and bismuth are classified as “critical minerals” by Washington and Seoul.

Early this year, it started exporting antimony, a vital component in electronic and defense production, to the United States. Its global sales of antimony reached $173 million so far this year.

In August, Korea Zinc signed a memorandum of understanding with Lockheed Martin to supply germanium, another critical mineral, to the U.S.-headquartered defense contractor.

“On the back of proactive investments and a diversified portfolio, our strategic minerals and precious metals business did well. New growth areas such as resource recycling are also on a stable trajectory,” Korea Zinc said in a statement.

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Fire at retirement home in Bosnia-Herzegovina kills 11, injures 30

Nov. 5 (UPI) — At least 11 people were killed and 30 injured in a blaze at a high-rise retirement home in Bosnia and Herzegovina.

Authorities said the fire broke out Tuesday evening at about 8.45 p.m. (2 p.m. EST) on the seventh floor of the facility in Tuzla, the country’s fourth largest city 70 miles northeast of the capital, Sarajevo.

Police said firefighters, police officers, medics, residents and staff at the home were among 20 people taken to the hospital.

Several people received treatment for carbon monoxide poisoning, with three in intensive care, said a spokesman for Tuzla University clinical center.

Images circulating online show the top floor of the building engulfed in flames.

Nermin Niksic, prime minister of the Federation of Bosnia and Herzegovina under the country’s bipartite system of government, called the blaze “a disaster of enormous proportions.”

Tuzla is located in FBiH, one of two administrative entities portioning the country between Bosnian Muslims and Catholic Croats in the north and Bosnian-Serbs in central and southern areas born out of the 1995 U.S.-brokered Dayton accords that ended the Bosnian War.

The prime minister of the Srpska entity, Savo Minic, head of the country’s Serb region, said Tuesday night that his government stood ready to assist Tuzla in any way it could following the retirement home fire.

“The Government of the Republic of Srpska stands ready to assist the citizens of Tuzla with any kind of help following tonight’s tragedy. We feel the pain and are always ready to help. Our most sincere condolences to the families,” he said in a post on X.

Authorities said an investigation into the cause of the blaze was underway.

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U.S. sanctions North Koreans over cybercrime money laundering

Nov. 5 (UPI) — The U.S. Treasury Department announced sanctions against eight individuals and two entities accused of laundering proceeds from North Korean cybercrime and information technology worker fraud schemes that help fund Pyongyang’s weapons programs.

The department’s Office of Foreign Assets Control said Tuesday that North Korea has stolen more than $3 billion over the past three years, using sophisticated techniques such as advanced malware and social engineering to breach financial systems and cryptocurrency platforms.

“North Korean state-sponsored hackers steal and launder money to fund the regime’s nuclear weapons program,” Under Secretary for Terrorism and Financial Intelligence John K. Hurley said in a statement. “By generating revenue for Pyongyang’s weapons development, these actors directly threaten U.S. and global security.”

Hurley added that the Treasury is “identifying and disrupting the facilitators and enablers behind these schemes to cut off the DPRK’s illicit revenue streams.”

The Democratic People’s Republic of Korea is the official name of North Korea.

Among those sanctioned are Jang Kuk Chol and Ho Jong Son, North Korean bankers who allegedly helped manage illicit funds, including $5.3 million in cryptocurrency — some of it linked to ransomware that has previously targeted U.S. victims.

Korea Mangyongdae Computer Technology Co. and its president U Yong Su were also added to the list. The company allegedly operates IT-worker delegations from the Chinese cities of Shenyang and Dandong.

Ryujong Credit Bank, another target, was accused of laundering foreign-currency earnings and moving funds for sanctioned North Korean entities. Six additional individuals were designated for facilitating money transfers.

Under the sanctions, all property and interests in property of the designated individuals and entities within U.S. jurisdiction are blocked, and U.S. persons are generally barred from engaging in transactions with them. Financial institutions dealing with the sanctioned parties may also face enforcement actions.

The move builds on earlier U.S. actions this year against North Korean cyber networks. In July, the State Department sanctioned Song Kum Hyok, a member of the Andariel hacking group, for operating remote IT-worker schemes that funneled wages back to Pyongyang.

The Justice Department also filed criminal charges in 16 states against participants in a campaign that placed North Korean IT workers in U.S. companies.

Tuesday’s OFAC statement cited an October report by the 11-country Multilateral Sanctions Monitoring Team, which described North Korea’s cybercrime apparatus as “a full-spectrum, national program operating at a sophistication approaching the cyber programs of China and Russia.”

The report added that “nearly all the DPRK’s malicious cyber activity, cybercrime, laundering and IT work is carried out under the supervision, direction and for the benefit of entities sanctioned by the United Nations for their role in the DPRK’s unlawful WMD and ballistic missile programs.”

The sanctions follow President Donald Trump‘s recent visit to South Korea, where a much-anticipated meeting with North Korean leader Kim Jong Un failed to materialize.

South Korea’s National Intelligence Service told lawmakers Tuesday that a summit could take place after joint U.S.-South Korean military drills scheduled for March, according to opposition lawmaker Lee Seong-kweun of the People Power Party.

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EU disburses $2B in financial stability aid to Ukraine

European Commission President Ursula von der Leyen (L) and Ukraine’s President Volodymyr Zelensky meet in Rome, Italy, April 26, 2025. On Tuesday, the EU disbursed $2 billion in financial stability aid to Ukraine. File Photo by Andrew Medichini/EPA-EFE

Nov. 5 (UPI) — European lawmakers have agreed to a fifth disbursement of $2 billion for Ukraine, supporting its financial stability and government as its defense against a Russian invasion nears its fourth year.

The European Council, the collegiate body of the 27-member bloc, adopted a decision Monday to disburse the funds under its Ukraine Facility, the EU’s main framework for sustaining Ukraine’s economy, governance and reconstruction.

The disbursement comes after Kyiv’s successful completion of nine steps required for the money to be released and one outstanding step from the fourth disbursement of $3.6 billion in August.

“The funding aims primarily to bolster Ukraine’s macro-financial stability and support the continued operation of its public administration,” the council said in a statement.

The Ukraine Facility was adopted in February 2024 and came into force the next month to provide Ukraine with up to $57.4 billion in stable financing in the form of grants and loans through 2027.

Up to $36.7 billion of the funds are earmarked for reforms and investments established in the Ukraine Plan, which will also accelerate Kyiv’s EU accession.

Under the Ukraine Facility, the EU has disbursed about $6.8 billion in bridge financing, $2.1 billion in pre-financing and now five installments of $4.8 billion, $4.1 billion, $4 billion, $3.6 billion and $2 billion on Tuesday.

The disbursement came as the European Commission, the executive branch of the bloc, published a report assessing that Ukraine has made progress in its accession process.

President Volodymyr Zelensky of Ukraine said in a statement that the report “is the best assessment to date — proof that even as we defend against Russia’s full-scale aggression, Ukraine continues to reform and transform according to European standards.”

“Ukraine’s progress on the path to the EU is achieved by efforts of millions of our people,” he said.

“We are committed to working together to strengthen Europe and our shared values.”

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Latin America could receive $239B in mining investments through 2033

The El Teniente mine in Rancagua, south of Santiago, Chile, is the largest underground mine in the world. File Photo by Mario Ruiz/EPA

SANTIAGO, Chile, Nov. 4 (UPI) — Latin America is projected to receive $239 billion in mining investments through 2033, a study by consulting firm PwC indicates. Chile, Brazil, Argentina and Peru are expected to be the main beneficiaries, although most of the projects are not new initiatives.

“It’s a large and strategic figure in absolute terms and competitive compared with other resource-rich regions. Latin America maintains a leading position in transition minerals such as copper and lithium, as well as base minerals like iron,” Carlos Rivas, senior manager for PwC Chile’s mining sector consulting division, told UPI.

The analysis included projects from major mining companies such as BHP, China Shenhua Energy, Rio Tinto Group, Freeport-McMoRan, Zijin Mining Group and Glencore.

Rivas said much of the projected investment is needed for companies to maintain production levels amid declining ore grades and increasing environmental, social and governance requirements.

“New capital investment is required to address issues such as environmental permits, water, energy and logistics needs, and to diversify supply in the face of global concentration risks,” Rivas said.

Chile, which accounts for 22% of global copper production and 17% of lithium output, will receive the largest share of investments — about $83.2 billion — of which only 20% is earmarked for new projects.

“The predominance of brownfield projects [those developed on existing sites or infrastructure] at 80% reflects the maturity of Chile’s mining assets and a rational strategy,” Germán Millán, a partner in PwC Chile’s mining sector consulting division, told UPI.

“These projects generally carry lower financial risk and involve faster permitting processes. Exploration continues, but it competes for capital with emerging hubs such as Argentina and faces longer development cycles,” he said.

Millán said expansion projects include a significant component of technology investment that is highly relevant to the industry.

Brazil is projected to attract about $68.5 billion in mining investments, while Peru is expected to receive roughly $54.6 billion over the next eight years, with 60% of those projects focused on new developments.

Millán cited Argentina, where investments of about $33 billion are projected, with 70% of the total earmarked for new projects.

Among greenfield projects — those launched from scratch — new initiatives stand out in mining districts such as Vicuña, with ventures like Filo del Sol for copper, gold and silver exploration and Josemaría, which is related to copper.

Under development scenarios, Argentina could reach 1.2 million metric tons of copper production within a decade.

“For that to materialize, infrastructure must be secured in areas such as water, energy, roads and ports, along with predictable permitting processes, strong community engagement and access to capital,” Rivas said.

He added that with Chile’s support and expertise, “Argentina’s learning curve could be accelerated. There is strong growth potential if institutional frameworks, infrastructure and financing align, with partnerships that share risk and accelerate the development of studies and the execution of projects.”

PwC’s Mine 2025 study noted that the global mining supply is becoming increasingly concentrated, and that “in several cases, there is a growing mismatch between where mineral reserves are located and where they are produced. This situation creates both opportunities and supply risks.”

For copper, Chile and Peru remain among the world’s leading centers of production and reserves, reinforcing their role in new value chains despite rising output in other jurisdictions, such as the Democratic Republic of Congo.

For lithium, Australia, Chile and China lead production, while the largest reserves are situated in the Lithium Triangle — Chile, Argentina and Bolivia — “opening room for further development and potential cross-border synergies in South America. This concentration calls for responsible diversification and solid investment frameworks,” the report said.

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Indigenous communities warn of criminal group in Peruvian Amazon

A wall shows the phrase “No stealing in the community,” signed by the criminal gang CV, or “‘Comando Vermelho” at the entrance to the community in the Vila da Barca neighborhood in Belem, Brazil, on Friday. Photo by Sebastiao Moreira/EPA

Nov. 4 (UPI) — Indigenous communities in the Yurúa district, on the remote border between Peru and Brazil, have raised the alarm over the growing presence of members of Brazil’s Comando Vermelho criminal organization in their territory.

They say the group is exploiting what they describe as a “state vacuum” that leaves those living there unprotected against the advance of organized crime.

The armed Brazilian group has been crossing from Brazil into the Peruvian Amazon, taking part in drug-trafficking routes, illegal logging and other illicit activities that threaten the physical, cultural and territorial integrity of the Amazonian peoples, according to reports.

Those reports come from the Interethnic Association for the Development of the Peruvian Rainforest, the Regional Organization AIDESEP Ucayali and the Association of Native Communities of the Yurúa-Sheshea District.

In the Yurúa and Breu river basins, residents have reported sightings of small planes landing on improvised airstrips in the early morning hours, establishment of unfamiliar camps inside Indigenous reserves and movement of boats carrying cargo without government oversight.

The situation has reinforced perceptions that Comando Vermelho and allied criminal networks are operating with relative impunity in the region.

After a large-scale operation at the end of October against organized crime in Rio de Janeiro, the Comando Vermelho’s main base of operations, alarms sounded over possible attempts by senior members of the criminal organization to seek refuge in neighboring countries.

Indigenous organizations are not only denouncing the problem but also demanding immediate and coordinated action from the Peruvian government, La República reported.

To that end, they have outlined five key areas for response: maintaining a permanent security presence, coordinating efforts between the Interior and Defense ministries, protecting Indigenous leaders, promoting alternative development for local communities and granting legal recognition to a “Transborder Indigenous Guard” to monitor the frontier with Brazil.

Former Interior Minister Rubén Vargas warned in an interview with Radio Exitosa that Comando Vermelho is conducting criminal operations in Peru, mainly along the Amazon River route, reinforcing community warnings in Yurúa and surrounding areas.

And the reach of this criminal network has expanded into the regions of Pasco and Huánuco, in the area known as Puerto Inca, a hub for drug trafficking and illegal mining.

“There are two businesses that interest Comando Vermelho: cocaine and illegal mining,” Vargas said.

Although press reports dating to 2019 have documented the activities of the criminal organization in Peru’s Amazon territories, many details about Comando Vermelho’s operations along the Peru-Brazil border remain unclear because of the region’s inaccessibility, lack of disaggregated official data and clandestine nature of the networks.

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British Chancellor Rachel Reeves signals that tax rises are coming

British Chancellor of the Exchequer Rachel Reeves delivers a rare pre-budget speech Tuesday at her official residence at No. 9 Downing Street, London, in which she suggested tax hikes were unavoidable. Photo by Andy Rain/Pool/EPA

Nov. 4 (UPI) — British Chancellor Rachel Reeves signaled Tuesday that she was likely to raise taxes on ordinary people in her upcoming budget this month in spite of an election pledge by the Labour government it would not do so.

In a speech in Downing Street, Reeves said she would make “the choices necessary” to ensure the foundation of the economy was sufficiently strong for the government to deliver on its mandate to protect the NHS, get down the national debt and rebuild the economy.

Notably, she did not repeat the manifesto pledge the party ran on in the 2024 general election, in which it swept to power to leave untouched the three main taxes — income tax, National Insurance and VAT.

Instead, seeking to explain her actions in advance of her watershed budget, which she will deliver to Parliament on Nov. 26, she said people needed to “understand the circumstances we are facing” and that everyone needed to do their bit to rectify the situation.

“As I take my decisions on both tax and spend I will do what is necessary to protect families from high inflation and interest rates, to protect our public services from a return to austerity and to ensure that the economy that we hand down to future generations is secure, with debt under control.

“If we are to build the future of Britain together, we will all have to contribute to that effort. Each of us must do our bit for the security of our country and the brightness of its future.”

Reeves dangled the prospect of rewards down the line, stating that getting it right now would yield more resilient public finances with the headroom to withstand global shocks, which in turn would provide businesses with the confidence to invest.

She said that would in turn leave the government with more leeway to act when necessary, investing in infrastructure and industry to build a stronger economy and get down the cost of government debt, spending less on interest and more and schools and the NHS.

Reeves is betting on the budget, her second, to win the endorsement of the market for her management of the country’s finances by showing she can stick to the fiscal rules she set for herself in October 2024.

Those rules state she must balance spending with revenue — within a plus or minus margin of 0.5% of GDP — within five years, meaning no borrowing for everyday spending from the 2029-30 financial year onward. In addition, the ratio of government debt to GDP must begin falling within the same timeframe.

To do that, however, she must demonstrate how she plans to plug a fiscal hole of as much as $40 billion and boost lackluster economic growth.

The only options to close the gap and balance the books are a return to austerity — which the government has categorically ruled out — or boost the amount of money flowing into government coffers.

Reeves raised some taxes on business in her first budget in November 2024 and to come back for more after promising she would not do so, particulary when it comes to raising the basic rate of income tax — currently 20% — is very high risk, politically.

It hasn’t been done for 50 years and it didn’t work out well for then-Labour government with the country plunged into a currency crisis and forced to seek a bailout loan from the IMF.

Reeves mostly laid blame at the feet of the previous Conservative administration’s policies, including Brexit, austerity and cuts to infrastructure spending, all of which she said had led to falling productivity.

She also cited high inflation globally and economic uncertainty created by the trade tariffs imposed by U.S. President Donald Trump in recent months.

Conservative shadow chancellor, Mel Stride, said it was now certain tax hikes for families and businesses were on the way.

He said that if Reeves proceeded to go back on her word, she should quit.

Daisy Cooper, Treasury spokesperson for the Liberal Democrats, said the government could no longer dodge responsibility.

“It’s clear that this budget will be a bitter pill to swallow as the government seems to have run out of excuses,” she said.

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Why the 2026 World Cup may not help American soccer leagues surge

Remember when soccer was being touted as the next big sport in the U.S.? Well, it looks like that moment has finally arrived.

Or not. It all depends on who you ask and how you interpret what they tell you.

On one hand, there’s the recent Harris Poll that found 72% of Americans profess an interest in soccer, a 17% increase from 2020. A quarter of those are “dedicated” fans and 1 in 5 say they are “obsessed” with the sport.

On the other hand, there’s the stark decline in attendance and TV viewership for the country’s top two domestic leagues, MLS and the NWSL, and the underwhelming crowds that showed up last summer for the FIFA Club World Cup and the CONCACAF Gold Cup.

LAFC fans lift up a banner honoring Carlos Vela during a ceremony to honor him before a match against Real Salt Lake.

LAFC fans lift up a banner honoring Carlos Vela during a ceremony to honor him before a match against Real Salt Lake at BMO Stadium on Sept. 21.

(Kevork Djansezian / Getty Images)

These contrary findings — a growing fanbase at the same time attendance and viewership numbers are falling off a cliff — come at an important inflection point for soccer in the U.S., with the largest, most ambitious World Cup kicking off at SoFi Stadium in fewer than 200 days.

“The short answer is yes, the World Cup will be a watershed moment for soccer in America. However, it’s unlikely to immediately lead to a significant increase in ticket sales for MLS and NWSL. Soccer fandom in America develops differently from that of other sports,” said Darin W. White, executive director of the Sports Industry Program and the Center for Sports Analytics at Samford University, which next year will launch a major five-year study to explore how soccer can become mainstream in the U.S.

“The World Cup will bring millions of new Americans into the pipeline. Over the next few years we expect these new fans to progress through the pipeline, giving soccer a substantial enough fan base to tip the scales and help make soccer part of the ongoing mainstream sports conversation. I am confident that the World Cup will enable soccer to reach that critical mass.”

Steven A. Bank, a professor of business law at UCLA who has written and lectured extensively on the economics of soccer, isn’t as optimistic.

“The risk isn’t that U.S. soccer will be in the same place in 10 years, but that it will have regressed,” he said.

“For the World Cup to benefit domestic leagues’ attendance, ratings, and revenue, as well as youth and adult participation rates in playing soccer, it will have to be the catalyst for more domestic investment in the game. The question isn’t whether the World Cup will convince enough people to become fans or to move from casual to dedicated or obsessive fans. It’s whether it will convince enough wealthy people and companies to risk the kind of money necessary to compete with the top leagues for the top talent.”

U.S. captain Christian Pulisic drives the ball during an international friendly against Ecuador at Q2 Stadium on Oct. 10

U.S. captain Christian Pulisic drives the ball during an international friendly against Ecuador at Q2 Stadium on Oct. 10 in Austin, Texas.

(Omar Vega / Getty Images)

That investment could be a boost to both first-tier domestic leagues, which saw their attendance and TV rating fall dramatically this year. After setting records in both 2023 and ‘24, MLS watched its average attendance fall 5.4% — to 21,988 fans per match — this season. According to Soccer America, 19 of the 29 teams that played in 2024 saw their attendance drop; more than half saw declines of 10% or more.

The TV audience also appears to be relatively small, although the fact Apple TV, the league’s main broadcast partner, rarely releases viewer data has hampered efforts to draw any firm conclusions. MLS said last month that its games attracted 3.7 million global aggregate viewers a week on all its streaming and linear platforms, an average of about 246,000 a game on a full weekend. While that’s up nearly 29% from last year, the average viewership figure is about 100,000 smaller than what the league drew for single games on ESPN alone in 2022, the last season before Apple’s 10-year $2.5-billion took effect.

NWSL also saw overall league attendance fall more than 5%, with eight of the 13 teams that played in 2024 experiencing declines. And TV viewership in the second year of the league’s four-season $240 million broadcast deal was down 8% before the midseason July break, according to the Sports Business Journal.

That follows a summer in which both the expanded Club World Cup and the Gold Cup struggled to find an audience. Although the 63-match Club World Cup drew an average of 39,547 fans per game, 14 matches had crowds of fewer than 20,000. The Gold Cup averaged 25,129 for its 31 games — a drop of more than 7,000 from 2023. And five matches drew less than 7,800 people.

“There’s a danger of taking this year’s decline out of context,” said Stefan Szymanski, a professor of sports management at the University of Michigan and author of several books on soccer including “Money and Soccer” and “Soccernomics” (with Simon Kuper). “Last year was a record year. It’s really about the diminishment of the Messi effect.

“I wouldn’t say it’s a moment of crisis. And the way MLS is looking at this strikes me that they’re entirely focused on a post-World Cup [bump], which they think they’re going to get. I’d be skeptical myself about that. I don’t think it will do that much for them.”

Szymanski said the World Cup could hurt the league by underscoring the huge difference in the quality of play between elite international soccer and MLS.

“Americans are not dumb,” he said. “They know what’s good quality sport [and] not good quality sport. And they know that MLS is low level. The only way, in a global marketplace, you can get the top talent to have a truly competitive league is to pay the salaries.”

Which brings us back to Bank’s conclusion that fixing soccer in the U.S. isn’t about the soccer, it’s about the money being spent on the sport. For next summer’s World Cup to have a lasting impact, the “bump” will have to come not just from an increase in attendance and TV viewership but in investment as well. And, as Szymanski argues, that means additional investment in players as well.

“If all it does is attract eyeballs for this competition,” Bank said “I’m not sure it does more than the Olympics does every four years when it temporarily raises the profile of a few sports for some people who were not casual fans before.”

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