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June 22, 2025

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U.S. stocks are on the cusp of a very impressive breakout to all-time highs, but are still missing one key ingredient. They need help in the form of a semiconductors ($DJUSSC) breakout of its own. When the DJUSSC reached its all-time high on June 20, 2024, one year ago, a nasty bearish engulfing candle printed on extremely heavy volume, I wrote an article, “The Semiconductors Have Topped; Look Elsewhere for Opportunities”. Simply put, it was buyers’ exhaustion”. I looked for a 20% drop in the index, providing this chart at the time:

There’s now been a lengthy period of sideways consolidation on the semiconductors as you can see from this updated chart as that 20% drop immediately occurred:

Semiconductor leadership has been held firmly in check by the overhead price resistance just below 22000. Until that resistance is cleared, the QQQ has a lid on it.

Let’s keep in mind that the QQQ, an ETF that tracks the NASDAQ 100 index, can be broken down into its top 2 industry groups, as follows:

  • Semiconductors ($DJUSSC): 21.65%
  • Software ($DJUSSW): 19.11%

More than 40% of the QQQ is comprised of semiconductors and software. Here’s what the longer-term, 5-year software chart looks like:

Software’s relative strength is powerful and we’ve recently seen an absolute price breakout – an awesome combo. On a 5-year weekly chart of semis, it’s quite apparent that when the semiconductors break out, they carry the NASDAQ 100 on their shoulders higher and we’re close to a breakout now:

We just saw a relative strength breakout on the DJUSSC, there’s only one thing missing – that absolute breakout and it’s coming fairly soon, in my opinion.

Market Outlook

A big part of what happens over the next 6-12 months will be highly dependent on the two industry groups above. There are over 100 industry groups and this may be oversimplifying stocks a bit, but make no mistake about it. Higher growth prospects and lower interest rates can result in flying PE ratios and these two groups are home to companies that can expand their businesses very rapidly.

Market Manipulation

I’ve discussed the role of market makers and their manipulation of the stock market many times over the past several years and there’s no doubt in my mind we were just exposed to another massive dose of it in the first half of 2025. At EarningsBeats.com, however, we’ve become experts at spotting it and pointing it out. I discussed the importance of being in cash back in late January and in February before the massive Wall Street ripoff started and I also wrote about the importance of getting back in early. Remember my article in the second week of April, “The Bottom is Here or Rapidly Approaching”? These are real-time articles, folks. You need to see the tops and bottoms before they occur. It does little good to talk about it now. We don’t get a “do over.”

Or do we?

What do I mean by that? Well, we’ll have plenty more chances to spot tops and bottoms in the future, but you need to learn from this year’s mistakes RIGHT NOW. Don’t let these big-money, Wall Street crooks do it to you again. We have one MASSIVE advantage on our side vs. these big Wall Street firms. We can enter and exit stocks in seconds. It takes them days and weeks.

If you want to be better-positioned to see this nonsense AHEAD OF TIME the next time it comes around, I’d suggest that you join me on Saturday, June 28th at 10:00am ET for a 100% free event, “Trading The Truth: How Market Manipulation Creates Opportunity”. CLICK HERE to register and learn more about the event! This is a MUST-ATTEND event and seating is limited. Be sure to save your seat and learn how to protect your hard-earned money for the rest of your financial future!

Happy trading!

Tom

This week, Microsoft (NASDAQ:MSFT) and OpenAI’s once tight alliance showed signs of strain, while Meta Platforms (NASDAQ:META) continued to source artificial intelligence (AI) talent from rival companies.

Meanwhile, SoftBank’s (TSE:9434) CEO is considering a new chip and robotics venture in Arizona, and Google (NASDAQ:GOOGL) is looking to bring AI solutions to American cities.

Read on to dive deeper into this week’s top tech stories.

1. OpenAI and Microsoft partnership faces tension

Microsoft and OpenAI’s once-close partnership is reportedly entering a tense period of renegotiation as OpenAI restructures into a public-benefit company and seeks more autonomy.

According to sources for The Information, recent negotiations have centered on reducing Microsoft’s long-term revenue share in exchange for a 33 percent stake in the newly formed entity. Additionally, OpenAI would like to limit Microsoft’s access to future models such as Windsurf, which OpenAI acquired in May.

The company has competitive concerns with Microsoft’s GitHub Copilot, according to the people.

Tensions have risen enough that some OpenAI executives are even weighing antitrust action against Microsoft, according to sources for the Wall Street Journal. In a joint statement, both companies maintained they want to continue working together; however, the Financial Times reported on Wednesday (June 18) that if they can’t reach an agreement, Microsoft is prepared to walk away and rely on its existing contract with the startup, which extends until 2030.

2. SoftBank floats trillion-dollar robotics hub in Arizona

SoftBank is reportedly interested in a trillion-dollar infrastructure project and has reached out to Taiwan Semiconductor Manufacturing Company (NYSE:TSM) as a potential collaborative partner.

Sources for Bloomberg revealed on Friday (June 20) that SoftBank founder Masayoshi Son has approached the Taiwanese chipmaker to play a “prominent role” in a manufacturing park in Arizona codenamed “Project Crystal Land,” which may serve as a major production facility for AI-powered industrial robots.

The sources said SoftBank has also approached Samsung Electronics (KRX:005930) and other companies with the idea. SoftBank officials have reportedly engaged in discussions with federal and state government officials, including US Secretary of Commerce Howard Lutnick, to explore potential tax incentives for companies onshoring high-tech manufacturing.

In other semiconductor news, Texas Instruments (NASDAQ:TXN) said on Wednesday that it will spend more than US$60 billion building seven new semiconductor facilities across the US. Meanwhile, Amazon (NASDAQ:AMZN) announced over the weekend that it will invest AU$20 billion to expand data center infrastructure in Australia by 2029.

3. Intel reportedly planning sizeable layoffs

Intel (NASDAQ:INTC) is reportedly set to implement substantial layoffs, impacting 15 to 20 percent of its factory workforce, according to an internal memo distributed on Saturday (June 14) and obtained by the Oregonian.

This move comes amidst continuing efforts to overhaul a company lagging behind its peers.

For some time, Intel’s offerings have struggled to compete effectively against those of key rivals in the highly competitive market of AI products and chip divisions. In a concerted effort to address this gap and reinvigorate its innovation pipeline, Intel has also been actively recruiting top-tier engineering talent.

On Wednesday, Intel expanded its sales and engineering leadership team to include experienced professionals from Cadence Design Systems (NASDAQ:CDNS), Apple (NASDAQ:AAPL) and Google.

These strategic hires are intended to inject fresh perspectives and expertise into crucial engineering departments, directly contributing to the company’s ambitious plans to develop more competitive and advanced AI solutions.

4. Google partners with Conference of Mayors for city AI strategies

On Friday, Google announced that it has partnered with the US Conference of Mayors to help speed the adoption of city-wide AI strategies. With the announcement, the company released a playbook titled A Roadmap for America’s Mayor that provides a framework for city leaders to develop and host an “AI Adoption Workshop,’ which would be structured to help cities identify and explore how AI can support specific needs, drawing on experiences from other communities.

The roadmap suggests cities conduct a general survey to tailor workshop content by gathering information on current AI usage, as well as concerns and ideas for AI applications. Various approaches are suggested for drafting the strategy document, including a dedicated working group, an appointed lead drafter, a hybrid model or engaging external expertise, with a recommended deadline of four to six weeks post-workshop for the first draft.

5. Meta hires top AI talent

Sources for the Information indicated on Wednesday that Meta CEO Mark Zuckerberg is bringing Daniel Gross, CEO of Ilya Sutskever’s startup Safe Superintelligence, and former GitHub CEO Nat Friedman onboard.

According to the report, Gross and Friedman will both join Meta, with Gross leaving his startup to focus on AI products at Meta and Friedman taking on a broader role. Both are expected to work directly with Zuckerberg and Scale AI CEO Alexandr Wang, who signed a US$14.3 billion deal to join Meta last week.

In exchange, Meta will get a stake in NFDG, the venture capital firm co-owned by Gross and Friedman that has backed companies such as Coinbase Global (NASDAQ:COIN), Figma, CoreWeave (NASDAQ:CRWV), Perplexity and Character.ai.

On the most recent episode of his brother’s “Uncapped” podcast, OpenAI CEO Sam Altman said that Meta has also offered signing bonuses as high as US$100 million and large compensation packages to OpenAI employees.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Gold was on the decline this week, closing just below US$3,370 per ounce, after tensions in the Middle East pushed it past the US$3,430 level toward the end of last week.

All eyes were on the US Federal Reserve, which in a widely expected move left interest rates unchanged on Wednesday (June 18) following its two day meeting. The central bank cut rates in December 2024, but has kept them steady for its last four gatherings.

US President Donald Trump wasn’t pleased, calling Powell ‘too late’ in a Thursday (June 19) post on Truth Social. While speculation that Trump will fire Powell has died down, the president did recently say he intends to announce his next pick for the Fed leader position ‘very soon.’

Of course, Fed meetings are never just about rate decisions — experts often look to Powell’s post-meeting commentary to read between the lines of what’s said (and not said).

Tariffs were definitely in focus this time around, with Powell emphasizing that it’s still soon to tell how much of an impact they will have and how the Fed should react.

‘We have to learn more about tariffs. I don’t know what the right way for us to react will be. I think it’s hard to know with any confidence how we should react until we see the size of the effects’ — Jerome Powell, US Federal Reserve

Chris Temple of the National Investor, who offered another perspective on Powell’s comments.

He noted that while Powell didn’t say the Fed is going to abandon its 2 percent inflation target, it may be leaning in that direction. This is what he said:

The consensus still — although it was extremely close — is barely still for two 25 basis point rate cuts in the balance of 2025. Whether we get them or not, who knows, (but) that’s the current snapshot, which may well change. But that’s against a backdrop of admitting for the second SEP, summary of economic projections … in a row that inflation is going to continue to move back higher — that we’ve seen the best numbers for inflation — at the same time that GDP slows a bit.

So okay, you just told us that your favored inflation number, which is a lot of smoke and mirrors to begin with, is going to go back up to north of 3 percent, which is what they said yesterday. And yet you still — the consensus is you’re going to lower interest rates twice in 2025? So he did everything but come right out and admit that the 2 percent inflation target isn’t going to be reached.

Stay tuned to our YouTube channel for the full interview with Temple.

Bullet briefing — Silver hits 13 year high, SPUT raising US$200 million

Is silver’s price rise real?

Gold has stolen the precious metals spotlight in 2025, but this month silver is shining.

The white metal has been on the rise since the beginning of June, and this week it broke the US$37 per ounce mark for the first time in 13 years.

While silver is known to lag behind gold before playing catch up, it’s also known for its volatility. Its move has created excitement, but market participants are also wary of a correction.

When asked what factors are driving silver, Peter Krauth of Silver Stock Investor he said he sees a ‘perfect storm’ emerging. Here’s how he explained it:

You’ve got the macroeconomic picture that is I think certainly bullish for silver, like it is for gold and a lot of the other commodities. But I think at the same time you’ve got the market kind of coming to terms with the fact that silver is in a deficit, (and) it’s unlikely to be able to rectify that deficit for several years — in fact, the Silver Institute thinks we’re going to see record deficits at some point over the next five years.

And silver supply is unable to grow. We saw a peak 10 years ago in mined silver, and overall silver supply is essentially flat.

So flat supply, growing demand — demand that’s nearly 20 percent above supply — and our ability to meet those deficits is shrinking because we’re tapping into these aboveground stockpiles that have shrunk by about 800 million ounces in the last four years, which is the equivalent of an entire year’s mine supply. So it’s the perfect storm, it’s really all coming together. And I think that the market’s realizing that.

But does that necessarily mean silver is ready for a big breakout? Krauth has a target of US$40 by the end of 2025, but said silver could potentially go 10 percent above that.

For his part, Jeffrey Christian of CPM Group attributes the silver price boost to increased demand from investors, especially when it comes to exchange-traded funds and wholesale products.

He’s projecting a bumpier path forward for the metal:

You also have — the last time I looked it was like 490 million ounces of open interest in the July Comex futures contract. And that’s two weeks from first delivery. So most of the people (who) have those shorts – those are hedges of their physical inventories. They keep those hedges in place, but they roll them forward. So they’ll be buying back their Julys and selling September futures to keep that hedge in place with the next active futures contract. That buying back of the Julys could push silver prices higher.

So if you really want to talk granular prices, we wouldn’t be surprised to see the price of silver fall to US$33, US$34 an ounce, and go up to US$40 an ounce and then back to US$33 an ounce over the next four weeks.

Click the links above to watch the interviews with Krauth and Christian.

SPUT raising US$200 million

The uranium spot price made moves this week after the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) announced a US$100 million bought-deal financing on Monday (June 16).

It was bumped up to US$200 million the same day due to strong demand.

Spot uranium has been in a consolidation phase since hitting triple-digit levels in early 2024, creating frustration among those who are waiting for the industry’s strong long-term fundamentals to be better expressed. This week’s move past US$75 per pound has helped reinvigorate investors.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Karen and Omri Mamon, dual American-Israeli citizens, traveled to Israel last month to attend the wedding of Omri’s sister. They didn’t know they would end up spending their holiday moving from one house to another, searching for shelter.

A week after the wedding, Israel launched its surprise attack on Iran, and missiles began flying over the skies, forcing both airspaces to shut down. Most flights out of Tel Aviv’s Ben Gurion Airport were canceled, leaving many stranded and unable to get home.

Mamon said they’ve lived in Israel before and experienced having to shelter, “but this time is different.”

“The bombs are bigger, the noises are extremely high … you hear bombs everywhere,” he added.

Dozens of Americans who have been trying to leave Israel gathered at a hotel in central Israel on Saturday, where US embassy consular staff began processing their departures.

Earlier in the week, US Ambassador to Israel Mike Huckabee announced on social media that the embassy was arranging evacuation flights and ships for American citizens who wished to leave. Huckabee did not say when the evacuation efforts would begin.

According to US State Department spokesperson Tammy Bruce, more than 25,000 people have sought information from the State Department about the “situation in Israel, the West Bank and Iran.” There are about 700,000 Americans living in Israel, according to Huckabee.

The Mamons were on the list to go, but others, like Elana Hayman, are still waiting to be processed.

“It was so intense that I thought it hit our building. It shook us to the core. … I actually hear the sound every night. When I think about it, I can hear it over and over again,” she said.

Her 18-year-old daughter Noa, who has anxiety, said it was a terrifying experience.

“It was really bad. I was really scared. I just wanted to find any way to leave. … It’s a scary time to be here right now,” she said.

As the evacuation process progresses slowly, Hayman — like many others — are still trying to find a way out of Israel. The US embassy said in a security alert last week that the land crossings from Israel to Jordan and Egypt are options but acknowledged that each comes with its own risks. Jordanian airspace has closed sporadically since the conflict began, and the US cannot offer emergency services to American citizens traveling through the Sinai Peninsula to catch international flights out of Sharm el-Sheikh, Egypt.

The Mamons suspect they were processed so quickly because their son has autism.

“The main thing was to bring him back home; he was our priority. … He had a really rough time here with the sirens, noises, the shelters, and lots of people shouting,” Karen Mamon said.

Despite feeling relieved to have been processed, Omri Mamon still says “anything could happen.”

“We’re not celebrating yet,” he said.

This post appeared first on cnn.com

Belarus has freed Sergey Tikhanovsky, a key dissident figure and the husband of exiled opposition leader Svetlana Tikhanovskaya, following a rare visit by a senior US official, Tikhanovskaya’s team announced on Saturday.

Tikhanovsky, a popular blogger and activist who was jailed in 2020, arrived in Vilnius, Lithuania, alongside 13 other political prisoners, his wife’s team said. The release came just hours after Belarusian authorities announced that authoritarian President Alexander Lukashenko met with US President Donald Trump’s envoy for Ukraine, Keith Kellogg, in Minsk.

A video published on his wife’s official Telegram account showed Tikhanovsky disembarking a white minibus, with a shaved head and broad smile. He pulled Tikhanovskaya into a long embrace as their supporters applauded.

“My husband is free. It’s difficult to describe the joy in my heart,” Tikhanovskaya told reporters. But she added her team’s work is “not finished” while over 1,100 political prisoners remain behind bars in Belarus.

Tikhanovsky was jailed after announcing plans to challenge Lukashenko in the 2020 election. Following his arrest, his wife ran in his stead, rallying large crowds across the country. Official results of the election handed Lukashenko his sixth term in office but were denounced by the opposition and the West as a sham.

As unprecedented protests broke out in the aftermath of the vote, Tikhanovskaya left the country under pressure from the authorities. Her husband was later sentenced to 19 1/2 years in prison on charges of organizing mass riots.

Other prominent dissidents remain in Belarusian jails, among them Nobel Peace Prize winner Ales Bialiatski, a human rights advocate serving a 10-year prison sentence on charges widely denounced as politically motivated. Also behind bars is Viktor Babaryka, a former banker who was widely seen in 2020 as Lukashenko’s main electoral rival, and Maria Kolesnikova, a charismatic leader of that year’s mass protests.

Released alongside Tikhanovsky was longtime Radio Free Europe/Radio Liberty correspondent Ihar Karnei, the US government-funded broadcaster confirmed. Karnei, who had also worked with prominent Belarusian and Russian newspapers, had been serving a three-year service on extremism charges he rejected as a sham.

RFE/RL’s Belarusian service had been designated extremist in the country, a common label handed to anyone who criticizes Lukashenko’s government. As a result, working for it or spreading its content has become a criminal offense.

“We are deeply grateful to President Trump for securing the release of this brave journalist, who suffered at the hands of the Belarusian authorities,” the broadcaster’s CEO Stephen Capus said Saturday in a press release.

Karnei was detained several times while covering the 2020 protests. Unlike many of his colleagues, he chose to stay in Belarus despite the ensuing repression. He was arrested again in July 2023, as police raided his apartment seizing phones and computers.

Belarus also freed an Estonian national who had set up an NGO to raise funds for Belarusian refugees. According to the Estonian Foreign Ministry, Allan Roio was detained last January, and sentenced to 6 1/2 years in prison on charges of establishing an extremist organization.

This post appeared first on cnn.com

The streets were fairly quiet in the Iranian capital, usually a bustling metropolis of over 9 million people. Over the past few days, traffic has increased as more Iranians return to the city after fleeing Israel’s bombing during earlier days of the conflict.

Despite being the voice of a government exchanging blows with a nuclear power (and waiting on whether to expect fire from the United States), Mohajerani was relaxed. The first woman to serve as Iranian government spokesperson, she came into her role less than a year ago, appointed by President Masoud Pezeshkian last August.

She noted that Iran has endured numerous cycles of negotiations about its nuclear activities, yet none have resulted in a sustained long-term deal.

“These past years we’ve been through a painful experience twice,” Mohajerani said, pointing to US President Donald Trump’s unilateral withdrawal from the JCPOA agreement in 2018.

No matter how eager Trump might be to bring Iran to the negotiating table, Mohajerani said Iran does not want to be left empty-handed again. And before talks begin, Israel’s bombing must stop, she said, emphasizing a point made by multiple Iranian officials in recent days.

“This time we were in the middle of negotiations again when this attack took place,” Mohajerani said. “Therefore, as our officials have already stated, as long as there are attacks, negotiations will be meaningless. When the attacks stop, we will think about it.”

Israel’s initial, wide-ranging operation on June 13 killed some of the most powerful commanders in the Iranian military and damaged Iranian uranium enrichment sites. Since then, daily strikes have damaged its nuclear power plants, set its largest natural gas field aflame and obliterated the newsroom of one of the country’s state-run media channels.

Still, Mohajerani insists that Iran is ready for whatever the Israelis throw at them next.

“Both the government and the nation of Iran are totally robust in defense,” she said. “Our military force is completely ready to prevent such attacks from happening again, and in case the need arises to practice legitimate defense.”

“I’ve had five operations,” she said from her hospital bed. “In my abdomen area, my kidney, my liver.”

Iran’s missile-and-UAV-driven response, meanwhile, has killed 24 in Israel, wounding over 1,200 others, according to figures from the Israeli government. Iranian missiles have struck deep within Tel Aviv and other Israeli cities, with one missile hitting a hospital.

Nuclear energy ‘means life to us’

At the heart of the conflict is the future of Iran’s nuclear program.

“Nuclear energy does not mean war to us,” Mohajerani said. “It means life to us. Therefore, since the subject of enrichment and the subject of life are the same path to us, not leading to war, we believe enrichment is our right.”

Nonetheless, Israeli officials have cast their bombing campaign in existential terms, going so far as to say that Iran’s nuclear program poses a threat to the entire planet.

“We act to prevent a huge threat—primarily to the existence of Israel, but also to the entire region, Europe, and the world order,” declared Israeli Foreign Minister Gideon Saar at the site of an Iranian missile strike in Rishon Lezion.

It remains unclear whether Washington will join the fray. Trump has said he will decide whether to intervene within the next two weeks, but has already joined Israeli officials in publicly pondering the benefits of assassinating Iran’s Supreme Leader Ali Khamenei.

“We know exactly where the so-called ‘Supreme Leader’ is hiding,” Trump wrote in a Truth Social post on June 17. “He is an easy target but is safe there – We are not going to take him out (kill!), at least not for now.”

Mohajerani was blunt when asked about the possibility that Israel or the US might take direct aim at her country’s head of state.

“This shows that Israel does not understand the unity of the Iranian people,” Mohajerani said. “Israel better not do something for which it can’t pay the damage. The Iranian people are backing their leader.”

“We should not forget that for all of us Iranians today, Iran is a united concept, which we will certainly defend.”

This post appeared first on cnn.com

A draft-dodging scandal in Taiwan allegedly involving a number of actors, influencers, and musicians has cast an unflattering spotlight on the conscript and reservist forces which could one day stand between the island and a possible invasion by China.

Taiwan’s military service regime, which runs alongside its conventional military, faces accusations of failing to prepare conscripts for an actual war – an alarming situation against a drumbeat of threats from its giant neighbor.

On Monday, authorities indicted 28 defendants. Prosecutors allege that, between 2016 and early this year, a four-person ring helped 24 healthy men dodge the draft by faking high blood pressure to gain a medical exemption, netting a total of 7.63 million Taiwanese dollars ($255,000).

At least 11 celebrities are now under investigation.

Among those indicted was the actor Darren Wang. The 34-year-old, launched to fame across the Chinese-speaking world a decade ago as a boyish heartthrob in teen romcom Our Times, was accused of paying 3.6 million Taiwanese dollars ($120,000) for a fake hypertension diagnosis.

Such organized efforts to evade conscription are largely seen as a sign of people’s apathy towards service, rather than their fear of military rough-and-tumble.

“Most of the time during the service is dedicated to miscellaneous tasks, and not actually combat-related.”

A mundane duty

Back in 1949, as the Nationalist government lost a bloody civil war against the insurgent Chinese Communist Party and fled to Taiwan, it introduced mandatory military service to the island, where eligible men would serve two years in the army or three years in the navy, air force or marines. The system, in one form or another, has been in place ever since – as have Beijing’s designs on the island, which the Communist Party claims as its own territory, to be taken by force if necessary.

But military service has long been seen as anything but heroic. Conscripts have described it as monotonous, disorganized and often irrelevant to modern warfare: a combination of indoor lectures, hours of waiting around, and outdated ceremonial drills.

US officials, not authorized to speak openly, quietly warn that Taiwan’s reserve forces remain the soft underbelly of its defense posture.

One official said millions of former conscripts exist “on paper,” but years of truncated service and minimal refresher training have left them “underprepared for modern warfare.”

While there are no official estimates for the number of illegal draft-dodgers, a tally by the Ministry of the Interior shows that, from 2021 to 2023, cases of suspected obstruction of military service have risen from 309 to 553.

“It is imperative to reform military service as quickly as possible,” said Wu Tzu-li, an associate research fellow at the INDSR. “After all, the fight ultimately comes down to the people operating the weapons and not the weaponry itself, so having solid education and training is crucial.”

Attempts at reform

Even Taiwan’s leaders have acknowledged the problem. Shortly after taking office in 2016, former President Tsai Ing-wen called for sweeping reform, as opposed to “papering over problems, wasting human resources, and operating inefficiently in so many different ways.”

In response to growing security threats from Beijing, which conducted at least three large-scale military exercises around Taiwan last year, and sent warplanes, naval vessels and coast guards close to the island on a near-daily basis – Taiwan’s government has extended training time for conscripts and introduced reforms such as more live-fire drills and an emphasis on modern tactics. As of January 2024, the minimum active-duty period was increased to one full year, up from just four months under the previous policy.

The changes’ effectiveness remains to be seen. Critics say that unless Taiwan revamps how – and what – soldiers are taught, young men will continue to view the draft as symbolic rather than strategic.

“The key is what kinds of training will be provided to the new conscripts,” said Chieh. “It’s important to not let them feel they’ve wasted one year.”

Another US official added that “Taiwan is making good progress in enhancing the realism of training for reservists, but still has work to do in updating their equipment and reforming the organization of reserve units.”

“Retraining and equipping existing reservists to operate asymmetric platforms like drones and anti-air missiles will have an outsized impact on Taiwan’s ability to deter conflict.”

It added that the new, extended one-year training period “enables conscripts to undergo systematic and comprehensive military training, including enlistment, stationing, specialization, base training, and joint exercises – equipping them with essential combat skills and a firm resolve to defend the nation.”

Korean contrast

In nearby South Korea – another place marked by long-running hostility with its nearest neighbor – military service is taken a lot more seriously, and counting down the days until major celebrities will park their careers to don military fatigues has become something of a national pastime.

Rather than damaging reputations, military service is often seen as a sign of integrity and patriotism in major stars – an impression that can enhance their careers after taking off the uniform.

Earlier this month, K-pop superstars RM and V, from the band BTS, became the latest high-profile conscripts discharged from national service. They each saluted upon their release from duty in Chuncheon city, after about 18 months of active service, to the cheers of about 200 gathered fans – some of whom traveled from Mexico, Turkey and Brazil.

The other five members of the massively popular group either have completed or will complete the mandatory service, and the band expects to reunite within the next 12 months.

Even soccer superstar Son Heung-min, who avoided conscription through an exemption after winning gold at the 2018 Asian Games with South Korea’s national team, has taken four weeks of basic military training.

For Taiwan to restore faith in conscription, military analysts say, it will need to reduce loopholes, improve instruction, and modernize training to reflect real threats – particularly as tensions with Beijing intensify. It will also, they say, need a cultural shift: one that values service not as empty symbolism, but as preparation for a possible fight.

But it depends whether the recent reforms take root.

“The fear,” said one former conscript, “is that the new system will look just like the old one – only longer.”

This post appeared first on cnn.com

The US has struck three key nuclear sites in Iran, President Donald Trump said on Truth Social Saturday evening as the Iran-Israel conflict enters a second week.

The Fordow, Isfahan, and Natanz sites lie at the heart of Iran’s nuclear ambitions, and had previously been targeted by Israeli strikes. Here’s what we know about them.

Natanz

The nuclear complex, about 250 kilometers (150 miles) south of the capital Tehran, is considered Iran’s largest uranium enrichment facility.

Analysts say it is used to develop and assemble centrifuges for uranium enrichment, a key technology that turns uranium into nuclear fuel.

Natanz has six above-ground buildings and three underground structures, two of which can hold 50,000 centrifuges, according to the non-profit Nuclear Threat Initiative (NTI).

The site was targeted in Israel’s initial attack on Iran, with satellite photos and analysis showing the strikes destroyed the above-ground part of Natanz’s Pilot Fuel Enrichment Plant.

That’s a sprawling site that has been operating since 2003, and where Iran had been enriching uranium up to 60% purity, according to the International Atomic Energy Agency (IAEA). Weapons-grade uranium is enriched to 90%.

Fordow

Much is still unknown about the full size and nature of this secretive, heavily-guarded facility, located close to the holy city of Qom and buried deep in a group of mountains. A good chunk of what we do know comes from a trove of Iranian documents stolen years ago by Israeli intelligence.

The main halls are an estimated 80 to 90 meters (around 262 to 295 feet) beneath the ground, making it very difficult to destroy the facility from air. The US is the only country with the kind of bomb required to strike that deep, Israeli officials and independent reports have previously said. However analysts have warned even those bombs might not be enough.

“Iran can convert its current stock of 60 percent enriched uranium into 233 kg of weapon-grade uranium in three weeks at the Fordow Fuel Enrichment Plant,” enough for nine nuclear weapons, according to the nonpartisan Institute for Science and International Security (ISIS).

Recent IAEA reports suggested Iran had ramped up production of enriched uranium to a level of 60% at Fordow. The facility now contains 2,700 centrifuges, according to experts and the IAEA.

Isfahan

Isfahan is in central Iran, and is home to the country’s largest nuclear research complex.

The facility was built with support from China and opened in 1984, according to the NTI. According to NTI, 3,000 scientists are employed at Isfahan, and the site is “suspected of being the center” of Iran’s nuclear program.

It “operates three small Chinese-supplied research reactors,” as well as a “conversion facility, a fuel production plant, a zirconium cladding plant, and other facilities and laboratories,” the NTI says.

This post appeared first on cnn.com