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December 5, 2024

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President Yoon Suk Yeol announced the decree – which only lasted a few hours before being struck down by lawmakers who forced their way past soldiers into parliament – in an extraordinary late-night television address late Tuesday night

“I replied, ‘That’s a deepfake. It has to be a deepfake. There’s no way that’s real,’” he said, referring to the term for fake audio and video created with artificial intelligence.

“But when I watched the video, the president was indeed declaring martial law – yet I thought to myself, ‘This is fabricated, it’s fake.’”

The news was especially stunning given South Korea has spent the last four decades shaping itself into a vibrant democracy with frequent protests and protected freedoms – a hard-won victory after a long history of bloody authoritarian rule.

In the last few days, after Yoon backed down and lifted the decree early Wednesday, protesters have demanded the president’s removal while opposition parties including the DP begin impeachment proceedings.

Lee, who was Yoon’s main rival in the 2022 presidential election and is himself embroiled in multiple legal difficulties after being indicted on criminal charges, has led the impeachment efforts.

On Tuesday night, within an hour of Yoon announcing martial law, Lee rushed to the parliament in Seoul – live-streaming as he climbed over a fence to enter the building as lawmakers scrambled to vote against the decree. The video has since gone viral, viewed tens of millions of times on the social platform X.

Parliament could vote on impeachment as soon as Saturday. If it reaches the two-thirds majority to pass, it will then go to one of the country’s highest courts for further approval.

However, Yoon’s ruling People Power Party is working to block the move.

Multiple members of Yoon’s party joined their political opponents in blocking the martial law decree during the remarkable late-night scenes inside parliament.

But party leader Han Dong-hoon said in a briefing Thursday he would oppose the impeachment because it could cause “unprepared chaos,” though he emphasized he was “not defending President Yoon’s unconstitutional martial law,”

Meanwhile, many lawmakers haven’t dared leave the parliament building – including opposition member Kang Sun-woo, who has been there since Tuesday night.

Questions now swirl around the future of Yoon’s presidency, his party’s position in government, and how this could reshape the country’s political landscape of a major Asian economy and key US regional ally.

Lee, a human rights lawyer turned former provincial governor, only lost the 2022 election by a razor-thin margin – but neither candidate was particularly popular. Both men were mired in scandal, and have been dogged by legal cases and allegations in the years since.

Lee now faces several trials including for bribery and charges related to a $1 billion property development scandal, Reuters reported. In November, he was indicted for personal misuse of public funds, and separately convicted and sentenced for violating election law.

Lee has denied the charges and said he would appeal.

This post appeared first on cnn.com

On a cold November morning, Irina Turbina packs bags filled with food, adds two large shower gels, two bulky packs of toilet paper, nail clippers, a novel, and a geography atlas, and sets out on a grueling two-day trip. The bags and books are for her son, 16-year-old Arseny. It might be her last chance to catch a glimpse of him before he is sent to a juvenile correctional colony to serve a five-year sentence.

Arseny Turbin is recognized by several human rights groups as one of Russia’s youngest political prisoners. He was sentenced in June after being found guilty of terror offenses for allegedly joining the Freedom of Russia Legion, a paramilitary unit of Russian volunteers fighting for Ukraine. He admits he contacted the group but denies he joined, and his mother maintains he is innocent.

He is among at least 35 minors who have faced politically motivated criminal charges in Russia since 2009, according to the independent monitoring organization OVD-Info. Of those, 23 cases have been initiated since Russia started its full-scale invasion of Ukraine in 2022.

Turbina, who lives in the small town of Livny in the Oryol region, some 300 miles to the south of Moscow, has made the long journey to a pre-trial detention center on the outskirts of the capital every two weeks, as visits are restricted to twice a month. After hours of waiting, she sees her son through a barred glass partition, speaking only by telephone. Holding hands or touching is strictly prohibited.

In August, a year after he was first questioned, Arseny marked his 16th birthday behind bars.

His appeal to overturn his five-year sentence was denied. The next day, Irina came again for a visit, prepared to demonstrate her strength and resilience to help Arseny cope with the devastating ruling.

“I said, ‘Arseny, I’m so proud of you,’” she recalled. “‘You are actually stronger than the people who convicted you,’” she told him, “‘because you have the right to express your opinion and position, while these people only do what they have to do.’”

Her only child faces being moved to a correctional facility for teenagers but for the moment remains in Detention Center No. 5.

‘I’m terrified for him’

Turbina still struggles to comprehend how this happened. “He is just a kid, he has been different since early childhood,” she said. She describes Arseny as someone with “a love for books and studying,” who showed an interest in politics as early as 14, liked to “delve into everything,” and was not afraid to speak his mind and tell the wrong from the right at school or online.

In April 2023, Arseny called a morning live show on TV Rain, an independent network based outside of Russia, to vent about his disappointment in President Vladimir Putin and call out state propaganda at his school. “Human rights are being violated,” he said.

Then on June 12, Russia Day, Irina says he staged a solo protest in their hometown and printed out leaflets that read “I am against Putin” and “freedom for political prisoners,” among other anti-government slogans. She tried her best to discourage him, fearing what might happen.

“He said ‘Mom, don’t worry, I’m not violating the law,’” Irina recounted. She told him the authorities would go after them, but he didn’t believe her.

Early on August 29, 2023, officers from the Russian Federal Security Service (FSB) knocked on their door. They searched the apartment and took away personal items including a tablet, a laptop, and cell phones.

Arseny was placed under house arrest in September with the right to attend school. In the fall of 2023, Russia’s financial monitoring agency designated Turbin as a “terrorist and extremist” on its official list. Then this summer, on June 20, came the sentencing.

Arseny’s is not an isolated case. Russian law permits the prosecution of children as young as 14 for serious crimes, including terrorism and treason — broad charges increasingly pursued against young people since Russia’s invasion of Ukraine, said Sergei Davidis, who heads the Political Prisoners Support Program at Memorial Human Rights Center.

This reflects a broader escalation in Moscow’s crackdown on dissent, which began before the war but has intensified since February 2022. Since then, at least 20,070 people have been detained for anti-war views, and 9,369 cases of “discrediting the army” have been recorded, relating to actions including social media posts or wearing clothes with Ukrainian flag symbols, said Dmitry Anisimov, spokesperson for OVD-Info.

Parents and caregivers have also been targeted through harassment, arbitrary arrests, and even threats of losing custody of their children, according to independent monitoring organizations such as OVD-Info and Memorial.

The Kremlin consistently denies the existence of political prisoners in Russia, claiming all incarcerations are based on legal violations, despite human rights organizations indicating otherwise.

‘Not just statistics’

Kevin Lick, a 19-year-old dual Russian-German citizen, knows the price of dissent in modern Russia all too well. Arrested at 17, a year after the war in Ukraine began, he was sentenced to serve four years in a penal colony, becoming the youngest person in modern Russian history ever to be convicted of state treason.

Prosecutors accused him of photographing military objects with the intent to share them with foreign intelligence – claims Lick denies.

During his imprisonment, the teenager says he was put in solitary confinement, endured physical abuse and brutal prison conditions. “Looking back, of course, it left scars,” he said, acknowledging his ongoing struggle with PTSD.

Lick was released in August as part of a major prisoner swap between Russia, the United States and other Western nations. Although it was the largest prisoner swap since the Cold War, the detainees freed account for less than 2% of the total number of political prisoners held in prisons in Russia.

According to OVD-Info, at least 2,942 people are facing criminal prosecution for political reasons in Russia, with 1,402 currently in detention, including those awaiting trial or undergoing court-ordered compulsory treatment.

Reunited with his family in Germany, Lick now advocates for political prisoners, marching alongside Yulia Navalnaya, the widow of Alexey Navalny, and other exiled opposition leaders, at a protest last month in Berlin.

Lick maintains there are many more people, including teenagers, who are facing repression in Russia for their anti-war stance.

“They’re not just statistics,” he said. “They are part of Russia and part of the future of Russia. And we must ensure that this feature is not stolen by the government.”

Addressing young Russians, he urges them to resist conscription. “If they are going to enlist you in the military, just don’t go. In my opinion, it is better to go to prison than being a killing machine in Ukraine.”

While conditions in detention are supposed to be slightly more lenient for teenagers than for adults, juvenile penal colonies can in fact be even harsher due to the chaotic and violent environment among young inmates, said Davidis, of Memorial.

Davidis believes young people are pursued for prosecution by the state because they are seen as less intimidated by government authority, less influenced by propaganda, and more likely to act against perceived unfairness.

While independent Russian media have covered Turbin’s case in detail, state media outlets have not – perhaps because much of the proceedings has been held behind closed doors.

“Unfortunately, usually we do not have access to the cases, to the details of their cases,” Davidis said, with the state citing privacy concerns because they involve minors.

Other experts, among them Nina Khrushcheva, professor of international affairs at the New School and great-granddaughter of former Soviet leader Nikita Khrushchev, point to the country’s long history of using fear and indoctrination to maintain control.

The Russian state seeks to shape citizens’ views starting in early childhood, Khrushcheva said. “Because they think from a young age, if you brainwashed them the right way, then at the age of 16, they say ‘wonderful, Putin is great.’”

Jailed after child’s anti-war drawing

When children are too young to face prosecution under Russian law, it’s not unknown for a parent to bear the brunt. Such was the case for entrepreneur and single father Alexey Moskalyov, who was sentenced to nearly two years in prison for “discrediting the Russian army” on social media.

The charges against him came shortly after his then-12-year-old daughter, Masha, drew an anti-war picture in April 2022, two months into Russia’s invasion of Ukraine. The drawing featured a Russian flag with the words “No to war,” a Ukrainian flag with the inscription “Glory to Ukraine,” and a woman shielding her child from missiles fired from Russia. The picture drew the attention of school authorities; Moskalyov was initially fined and then incarcerated for his own online posts critical of the war, while Masha was temporarily put in an orphanage.

Released in October, Moskalyov emerged from prison gaunt and wearing a thin, faded prison uniform. Video footage showed him embracing his tearful daughter.

“The conditions were… there are no words to describe it. It was simply a torture chamber,” he said, recounting the brutal experience. Held in a tiny cell, sometimes shared with another prisoner or rats from the sewers, he had to spend 16 hours a day on his feet in frigid temperatures.

The harsh conditions in Russian prisons have taken a toll on prisoners of conscience, with some losing their lives, like the late opposition leader Alexey Navalny.

Reflecting on the fate of the opposition leader her 16-year-old son so looked up to, Turbina struggles to imagine what kind of bleak future Arseny might be facing.

“God forbid… repeating Alexey Navalny’s fate. It’s just beyond… (words). In this case… it will probably be impossible to survive,” she said, her voice trembling before she paused to regain her composure.

She hopes, as a child, her son will receive some protection. And, for now, she has a message for Arseny: “We need to accept what is happening, not give up hope and keep fighting.”

This post appeared first on cnn.com

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

The post Stock Futures Lower after S&P 500 futures ticked down 0.18% appeared first on FinanceBrokerage.

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%.

Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise software sector. Meanwhile, chipmaker Marvell jumped 14% after surpassing earnings estimates and providing optimistic fourth-quarter guidance, indicating resilience in the semiconductor industry.

This movement follows a mixed session on Wall Street, where the S&P 500 and Nasdaq closed with small gains, while the Dow dipped slightly. The broader market has experienced a modest start to December, contrasting with November’s robust rally, but analysts anticipate a resurgence in momentum. LPL Financial’s George Smith pointed out that December historically sees strong market performance, particularly in the latter half of the month.

However, economic data introduced some caution. ADP’s report revealed that private payrolls grew by just 146,000 in November, missing estimates of 163,000. This signals potential softness in the labor market, with investors now awaiting Friday’s November jobs report for further clarity.

S&P 500 Index Chart Analysis

Based on the provided stock chart, which appears to be a 15-minute candlestick chart for the S&P 500 Index, here’s a brief analysis:

The chart shows a clear upward trend, with higher highs and higher lows indicating bullish momentum over the analyzed period. The index has steadily climbed from a low of approximately 5,855 to a recent high of 6,053.58, suggesting strong buying interest.

Key resistance is observed near 6,050-6,053 levels, as the price has struggled to break above this zone in the most recent sessions. If the index breaches this level with strong volume, it could lead to further upward movement. Conversely, failure to break out may lead to a pullback, with potential support around the 6,000 psychological level and 5,980, where consolidation occurred previously.

The candlestick patterns show relatively small wicks, indicating limited volatility, which could imply steady market confidence. However, the bullish rally could be overextended, warranting caution for traders, especially if any negative catalysts emerge.

In summary, the short-term trend is bullish, but traders should monitor resistance levels and volume for signs of a breakout or reversal. It’s also essential to watch broader market factors, as indices are often influenced by macroeconomic data and sentiment.

The post S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7% appeared first on FinanceBrokerage.