Kamis, 09 Januari 2020

Fugitive Ghosn brings global attention to Japanese justice - The Associated Press

TOKYO (AP) — Though former Nissan Chairman Ghosn is unlikely to stand trial in a real court, he has made himself a key witness in putting Japan’s justice system on trial.

In his first public appearance after fleeing to Lebanon, Ghosn lambasted unfair detention and bail conditions, said he was presumed guilty and had “zero chance” of a fair trial in a system rigged against him.

“I didn’t run from justice, I left Japan because I wanted justice,” the former auto industry icon said at a spirited, two-hour news conference in Beirut.

With little chance they can extradite him, Japanese authorities struck back with words Thursday.

Tokyo prosecutors, who arrested him in late 2018, said Ghosn had “only himself to blame” for being detained 130 days before being released and for the strict bail conditions like being banned from seeing his wife.

“Defendant Ghosn was deemed a high-profile risk, which is obvious from the fact that he actually fled,” they said.

Justice Minister Masako Mori denounced Ghosn’s comments as erroneous and credited Japan’s extremely low crime rate to a judicial system rooted in “its history and culture.”

Ghosn’s remarks, however, highlighted many of the issues human rights advocates call problematic in Japan’s justice system.

Because of Japan’s extremely low crime rate, how suspects are treated is surprisingly unknown to Japanese, who tend to trust authoritative figures and assume no one gets arrested without a reason.

In Japan, suspects can be detained in solitary confinement without charge for up to 23 days. Charges can be filed piecemeal to prolong incarceration. Suspects are routinely grilled for hours each day without a lawyer present. Critics call the detention conditions mental torture.

Japan’s conviction rate is higher than 99%, a number that critics, including Ghosn, say indicates unfairness.

Japanese officials insist the conviction rate is so high because they don’t make mistakes and only guilty people are prosecuted. At the same time, they insist there’s presumption of innocence.

It’s an entrenched system that not only leads to confessions but also has judges thinking suspects are guilty, says Tokyo defense lawyer Seiho Cho, who has been trying to change the system.

“They really believe that this system is functioning efficiently and correctly,” he said.

Cho said Ghosn was a high-profile case and the way regular suspects get treated is worse.

Those who insist they are innocent especially are detained longer, some for hundreds of days. Bans on contact with family members are also common, he said.

The ban in Ghosn’s case cited the risk his wife Carole may tamper with evidence. An arrest warrant was issued this week for Carole Ghosn on suspicion of perjury.

Carlos Ghosn argued the ban on contact with his wife was illogical because he was allowed to meet with other family members, implying the decision was meant to wear him out. His decision to escape was driven by his desire to be with his wife, he said.

The preparation for Ghosn’s trial had already taken a year, and the date for his trial was undecided. He was charged with underreporting of future income and breach of trust in diverting Nissan Motor Co. money for personal gain, the two separate charges complicating and prolonging his trial process.

If convicted, he could face 15 years in prison. Prosecutors also can appeal district court decisions, prolonging the process for defendants.

“Even when they are eventually exonerated, they have already lost so much,” Cho said, noting some suspects have lost their jobs, their reputation, even their families.

Among the famous cases of wrongful convictions is Iwao Hakamada, who spent 48 years in prison until new DNA evidence won his release from death row in 2014. He had been questioned, beaten and bullied by police daily in detention and confessed to murdering a family of four, but asserted his innocence when his trial began.

Frenchman Mark Karpeles was arrested in 2015 after his bitcoin exchange collapsed. He spent 11 months in detention, although he was eventually cleared of embezzlement and fraud allegations. He got a suspended sentence, meaning no additional jail time was required, on a conviction on charges of manipulating electronic data. He is appealing. Karpeles said he was an innocent victim of hackers.

A true-life story of a man who refused to sign a confession that he groped a woman on a crowded commuter train became a popular 2007 movie. The film depicts a five-year legal battle for exoneration, highlighting the burden of proof of innocence was on the accused rather than police and prosecutors proving guilt.

Although Ghosn has drawn attention to the system’s possible flaws, Cho was worried about a backlash, with release on bail getting tighter.

“We had gradually been making progress, but this could set us back,” said Cho.

For example, with the idea of introducing an electronic tether, which Japan lacks and Ghosn had proposed to get bail, fewer people could end up getting bail, and, on top of that, get electronically monitored.

Interpol has published a wanted notice for Ghosn but it is non-binding. Chief government spokesman Yoshihide Suga said whether Ghosn would be extradited was Lebanon’s decision but that Japan would cooperate with international organizations “so that Japan’s criminal justice system can be operated appropriately.”

Jacques Deguest, an expert on Japanese law and business, thinks Ghosn’s case is so embarrassing for Japan it may discourage some non-Japanese from wanting to invest or live in Japan.

“Prosecutors are regarded as guardians and protectors of Japanese culture,” said Deguest, an investor, lawyer and consultant.

Their super-efficient, but often brutal, practices have resisted change, but sometimes pressures from abroad can bring about change in Japan, Deguest said.

“Change happens often through crisis because it forces people to be uncomfortable with the status quo and forces them to move on,” he said.

“This Ghosn case is great in terms magnitude because it has the power to put the external pressure on Japan that we all love,” Deguest said.

Ghosn was careful not to blame the people of Japan for what he called the nation’s injustices.

He led Nissan for two decades, steering the automaker back from near-bankruptcy to a thriving brand, although sales and profits have tumbled since his arrest.

Ghosn said people on the streets who spotted him while he was out on bail would come up to him.

They would tell him, he said in Japanese, “Ghosn-san gambatte kudsai,” using the honorific for his name, saying: “Hang in there.”

___

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

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2020-01-09 08:06:43Z
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Bitcoin Roller-Coasters As The U.S. And Iran Send Mixed Messages [Updated] - Forbes

Bitcoin, perhaps finally finding its place as a so-called safe haven asset, has moved sharply higher after Iran retaliated for the U.S. killing of Iranian general Qassem Soleimani.

The bitcoin price, now up 15% so far this year, has added 5% to its value in the last 12-hour trading period. The jump in the bitcoin price came shortly after news of Iran’s missile attack on U.S.-led forces in Iraq early on Wednesday.

[Updated 7:10pm EST 01/09/2020] The bitcoin price has fallen back following U.S. president Donald Trump's comments downplaying the situation in Iran and suggesting "Iran appears to be standing down." Meanwhile, rockets have apparently been fired at the U.S. embassy and military facilities in Baghdad. The bitcoin price dropped to just under $8,000 per bitcoin following Trump's White House speech.

The bitcoin price, down almost half from its 2019 high, surged around $600 in a matter of minutes to almost $8,500 per bitcoin on the Luxembourg-based Bitstamp exchange before falling back slightly to trade around $8,300.

Bitcoin followed traditional safe haven assets gold and the Japanese yen higher with Iran's retaliation raising international concerns the conflict between the U.S. and Iran could continue to escalate.

Gold prices have hit their highest since March 2013.

The price of oil has also soared, with brent crude up 2.5% to around $70 per barrel on concerns there could be disruption to oil supplies from the Middle East.

U.S. president Donald Trump said via Twitter he will be making a statement on Wednesday morning, adding: "All is well! Assessment of casualties and damages taking place now. So far, so good!"

Bitcoin and cryptocurrency watchers have long speculated whether the bitcoin price could eventually perform in the same way as traditional safe haven assets, though this has so far failed to happen consistently.

"The resemblance between digital gold and the physical stuff is uncanny," Mati Greenspan, the founder of crypto and financial analysis outfit Quantum Economics, wrote in a note ahead of bitcoin's latest rise. "They've basically been moving in a very similar pattern throughout most of last year."

Last week, following the killing of general Soleimani, with Matthew Graham, chief executive of Sino Global Capital, asked if bitcoin has begun "moving in reaction to geopolitical risk."

Meanwhile, after general Soleimani was killed by U.S. forces in Iraq it was widely reported the bitcoin price in Iran had soared to around $24,000—this was, however, based on a common misunderstanding of exchange rates in Iran.

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2020-01-09 06:25:31Z
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Rabu, 08 Januari 2020

5 things to know before the stock market opens Wednesday - CNBC

1. S&P 500 futures turn positive after sinking overnight on Iran's retaliation

Traders work on the floor at the New York Stock Exchange.

Brendan McDermid | Reuters

S&P 500 futures turned higher Wednesday morning, coming back from an overnight drop of more than 1.6% after Iran retaliated for the U.S. killing of a top Iranian general. Strong ADP data on December private sector job growth was also providing stock futures support. In the immediate aftermath of Iran's launching of more than a dozen ballistic missiles against two bases housing U.S. troops in Iraq on Tuesday night, Dow futures sank 400 points and international oil prices surged 4%. But like stocks, crude oil prices evened out as the Iranian attacks were less than feared. Oil actually turned negative Wednesday morning.

2. Trump tweets, 'All is well,' plans to make a statement in the morning

There are no reports of any U.S. servicemembers being hurt in the Iranian strikes. President Donald Trump responded on Twitter: "All is well!" "Missiles launched from Iran at two military bases located in Iraq. Assessment of casualties & damages taking place now. So far, so good! We have the most powerful and well equipped military anywhere in the world, by far!" Trump plans to make a statement Wednesday morning.

3. Ukrainian airline's Boeing jet crashes after takeoff in Iran, killing all on board

Search and rescue works are conducted at site after a Boeing 737 plane belonging to a Ukrainian airline crashed near Imam Khomeini Airport in Iran just after takeoff with 180 passengers on board in Tehran, Iran on January 08, 2020.

Fatemeh Bahrami | Anadolu Agency | Getty Images

A Boeing 737-800 passenger jet operated by a Ukrainian airline crashed minutes after takeoff from Tehran on Wednesday morning. There were no survivors. Ukraine International Airlines Flight 752 had 167 passengers and nine crew members on board. The cause of the crash was not immediately known and could take months to determine. However, state media in Iran reported that the jet went down because of technical problems without providing any more details. The plane is a different model than Boeing's troubled 737 Max.

4. Decline in Boeing shares causing a drag on Dow futures

Dow stock Boeing was down about 1% in premarket trading Wednesday after the Ukrainian airline crash in Iran. The drop in Boeing shares, which has been under sustained pressure since last year's grounding of the 737 Max fleet after two deadly crashes involving those jets, was responsible for about a 20-point drag on Dow futures, which were pointing to a steady open Wednesday on Wall Street.

5. Private payroll growth surges in December to end 2019 strong

A "Now Hiring" sign advertising jobs at Best Buy hangs outside a store in Salem, New Hampshire, November 25, 2019. REUTERS/Brian Snyder

Brian Snyder | Reuters

Private payroll growth ended 2019 on a strong note, with companies adding 202,000 positions in December in another sign of a healthy labor market, according to a report Wednesday from ADP and Moody's Analytics. The total was well above the 150,000 estimate. In addition to a solid December, ADP revised the initial November count of 67,000 up to 124,000. The government issues its monthly employment report Friday. Economists expect the Labor Department's tally to show a gain of 160,000 nonfarm jobs in December.

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2020-01-08 12:10:00Z
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Carlos Ghosn speaks after fleeing financial misconduct charges in Japan | LIVE - Global News

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2020-01-08 12:53:53Z
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Macy's closing another Massachusetts store - WCVB Boston

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  1. Macy's closing another Massachusetts store  WCVB Boston
  2. Macy's is reportedly closing more than two dozen stores. Is your location on the list?  USA TODAY
  3. Macy’s reportedly closing dozens of stores, including 1 in Massachusetts  Boston News, Weather, Sports | WHDH 7News
  4. Meriden Mall Anchor Store To Close  Meriden, CT Patch
  5. Macy's is closing at least 15 stores. Here's the full list  msnNOW
  6. View full coverage on Google News

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2020-01-08 11:18:00Z
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Carlos Ghosn will hold a press conference: Live updates - CNN

Carlos Ghosn wasted no time attacking the Japanese justice system after he fled the country last week, but he has remained tight-lipped about the circumstances behind his escape.

There has been plenty of speculation, and several media outlets have floated theories about how he left Japan. CNN Business has been unable to confirm details of the escape.

The governor of Istanbul, though, said last week that Turkish police had detained seven people in connection with an investigation into Ghosn's "illegal escape" from Japan. Anadolu news agency said that Ghosn traveled via the city's Ataturk airport.

Flight tracker Flightradar24 showed a private jet flying from Osaka, Japan, to Istanbul and then another continuing to Lebanon at the time Ghosn is said to have arrived in the country.

Then on Friday, the Turkish company MNG Jet, which charters private planes, said a rogue employee aided with Ghosn's escape. The company said that two of its jets were used "illegally" to transport Ghosn without the knowledge of company management, and added that it has filed a criminal complaint.

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2020-01-08 11:42:00Z
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Colbert, Noah throw shade on Bolton's possible testimony - CNN

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc.2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates.

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2020-01-08 09:16:46Z
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