[Breaking] Classified Wargames Reveal Grave Threat From China

In multiple wargames, U.S. forces were overwhelmed and unable to stop Chinese amphibious assaults from seizing the island. With tensions at a boiling point, the economic fallout could be devastating. Get the details on the weapons makers set to boom if war breaks out.

Why people are protesting over a deadly roof collapse in Serbia

DUSAN STOJANOVIC
November 21, 2024

BELGRADE, Serbia (AP) -- The deadly collapse of a concrete roof at a rail station in Serbia has raised tensions across the Balkan county, fueling widespread anger toward the government and protests after the failure claimed 15 lives in the northern city of Novi Sad.

The station, a major hub, was recently renovated as part of a Serbian-Chinese partnership. Critics allege that corruption, poor oversight and inadequate construction work contributed to the Nov. 1 tragedy. Officials have offered conflicting information about whether the roof was part of the renovation, and its maintenance is under scrutiny.

The collapse became a flashpoint for broader dissatisfaction with Serbia's authoritarian rule, reflecting growing public demands for transparency while the country undertakes large infrastructure projects, mostly with Chinese state companies.

What do we know about the collapse?

Very little. The rail station was built in 1964 and renovated twice in recent years as part of a wider deal between China, Serbia and Hungary to establish a fast rail connection between Belgrade and Budapest.

Initially, authorities said the outer roof was not renovated during the work on the station, but they gave no explanation for why. Later, experts denied that, and images emerged that suggested at least some roof work was done after all.

One of the protesters' demands has been to make public all documentation in connection with the reconstruction project.

Has there been an investigation?

Authorities opened a probe immediately after the collapse, promising it would be thorough and would not spare anyone regardless of position. No arrests have been made, which has added to the public discontent.

Prosecutors have revealed no details, saying only that several dozen people have been questioned. The only information has come from Serbian media, which published unconfirmed reports about the companies involved in the reconstruction.

Responding to calls for arrests, officials said the opposition is after "blood" and on a "witch hunt" and that people cannot be arrested without credible reason. Critics of the government point out that the lack of detentions could lead to tampering with evidence.

Why are people protesting?

In the first days after the tragedy, Serbians protested mostly in silence, holding vigils for the victims. But as time passed, grief gave way to anger, leading to a wave of demonstrations at various locations and by different groups.

Most recently, protesters blocked a courthouse in Novi Sad, demanding that judicial authorities "do their jobs." Riot police pushed them away from the entrance, which led to scuffles and a two-day standoff this week.

Chants such as "corruption kills" also marked the protests that demanded the dissolution of the entire government over the tragedy. Protesters left symbolic handprints in red paint on government buildings, accusing authorities of having "blood on their hands."

How did authorities react to the protests?

Analysts say the government has sought to cushion the damage to its image by prolonging the investigation and apparently hoping that public anger will ease as time goes by.

Serbia's authoritarian president, Aleksandar Vucic, has repeatedly urged calm and called on people to trust institutions. He has said the investigation is complicated and takes time. But Vucic also said that "responsibility cannot be avoided."

At the same time, police detained several activists who took part in recent protests and warned that they would not tolerate any disruptions of public order, which is widely seen as an attempt to discourage people from protesting.

Why are Serbia and China teaming up on construction projects?

By building roads, railways and other infrastructure, Serbia seeks to enhance its transportation links with neighboring states, while China seeks to strengthen its economic footprint in Europe.

Serbia and China negotiate agreements mostly on a governmental level without the participation of outside bidders. Chinese state banks frequently provide loans to fund those projects. The loans may come with strings attached, such as the mandatory involvement of Chinese companies and their workers.

Although such partnerships have brought billions of dollars in investments into the developing Balkan economy, questions surrounding quality, safety and financial sustainability often remain, as highlighted by the roof collapse.

The Chinese companies that took part in the reconstruction said the concrete canopy that collapsed was not part of their work.

___

Associated Press Writer Jovana Gec contributed to this report.

Continue Reading...

Popular

Elon Musk Want His 11 Kids, Their Mothers To Live In Secret Compound He Bought, New Report Says

Elon Musk could be building a new family compound made up of several mansions to house his children and their mothers, according to a new report.

Bill Gates' Mysterious New AI Project Revealed - Ad

Tech expert Jeff Brown uncovers Bill Gates' latest AI project, Stargate, which Forbes claims could reshape everything we think we know about our world.

Trump Has Asked Me To Do 3 Things, Says Robert Kennedy Jr.

Robert Kennedy Jr. revealed Trump's directive to tackle health agency corruption, promote science, and end chronic disease.

Sumitomo Rubber closing western New York tire plant and cutting 1,550 jobs

TONAWANDA, N.Y. (AP) — Sumitomo Rubber announced Thursday it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs.

Buffett, Bloomberg, & 48 Congress Members Are Buying 1 Sector - Ad

Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, "The Walmart Family", Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? And why are they all piling into ONE unique corner of the market... The last time we saw the world's wealthiest investors move their cash into this corner of the market, Stocks exploded 2,020%, 5,609% Even as high as 8,437% in just ONE year. Now, it's all happening again.

Listen to business owners and voters in Erie, Pennsylvania. They could help decide the White House.

ERIE, Pa. (AP) — It wasn’t much when he bought it, but Michael Hooks has made the old garage his own haven. And the city of Erie knows it. Half a dozen cars honk as they pass by one October afternoon, the people hanging out of car windows to wave hello at him.

Wendy's closing 140 more restaurants as part of push to update its locations

Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May.

Elon Musk Wants Uranium... But This $3 Million Miner Could Beat Him to It! - Ad

While tech giants like Elon Musk are pouring billions into nuclear energy, a tiny firm selling for less than $1 has quietly secured land in Canada holding some of the richest uranium deposits ever discovered. With energy demand skyrocketing, this tiny company could soon make big waves in the market.

Apple, Microsoft And 3 Stocks To Watch Heading Into Thursday

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:

US Steel Reports Better-Than-Expected Q3 Results, Aims To Close Nippon Steel Deal By Year End

U.S. Steel reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.

Will people leave Florida after devastating hurricanes? History suggests not

ORLANDO, Fla. (AP) — The news rippled through Treasure Island, Florida, almost like a third storm: The mayor planned to move off the barrier island a month after flooded tens of thousands of homes along the Gulf Coast and two weeks after also ravaged the state.

Hong Kong reporter says she'll sue Wall Street Journal for dismissal because of her union role

HONG KONG (AP) — A former Hong Kong reporter of The Wall Street Journal on Tuesday said she'll sue the publication for because she joined a trade union.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Appeals court says Colorado ban on gun sales to those under 21 can take effect

DENVER (AP) — A federal appeals court ruled Tuesday that a Colorado law raising the age to purchase a gun from 18 to 21 can take effect while the legal battle over it continues.

Jim Cramer Says Mark Zuckerberg Has 'Your Brain' As Meta Pours Billions Into Global Domination Strategy

Jim Cramer highlighted Meta CEO Mark Zuckerberg's unique marketing abilities, suggesting Zuckerberg's focus on dominance and precision targeting can create global impact, as Meta's strong Q3 earnings exceeded expectations despite some stock volatility.

Have You Heard of Donald Trump's Project Crypto? - Ad

Donald Trump aims to be America's first crypto president. Declaring at the Bitcoin conference in Nashville that the U.S. would become ..."the crypto capital of the planet." But, there's a special coin he hasn't mentioned that could soar even higher.

Harris Campaign's Election-Eve Concerts Could Hit $20M Amid Fears Of Unpaid Bills

Vice President Kamala Harris' campaign is facing scrutiny for reportedly spending a whopping $20 million on election-eve concerts.

How Trump's Tax Cuts, Tariffs, 'Animal Spirits' Could Shape S&P 500 Earnings

Trump's pro-business policies, including tax cuts and deregulation, could drive S&P 500 earnings higher by 11% in 2025 and 7% in 2026, but tariffs on Chinese imports pose a downside risk.

Porter Stansberry Warns: Nvidia Shares Could Drop By 50% - Ad

It happened in 2000... it happened in 2008... it happened in 2021... and now... the great NVIDIA collapse of 2024 is coming. In this new exposé, Porter Stansberry reveals why the tech giant is poised to topple...

$2.5 Million From Meme Coins? One Trader Seems To Have Cracked The Code

A whale made $2.5 million trading meme coins with potential for high profitability. Solonchain highlights effective risk management and upcoming conference on memecoins.

Crypto Profit Floodgates Open With Trump Presidency - Ad

As Bitcoin heads towards $100k, this video shows you how to make HUGE gains from Crypto's $82 Billion 'Trump-Pump'...Without buying a single Bitcoin! But you must get in before January 20th -- Trump's inauguration day -- for the biggest gains...

Engines on 1.4 million Honda vehicles might fail, so US regulators open an investigation

DETROIT (AP) — The U.S. government's highway safety agency is investigating complaints that on as many as 1.4 million Honda and Acura vehicles.

Text of the policy statement the Federal Reserve released Thursday

WASHINGTON (AP) — Below is the statement the Federal Reserve released Thursday after its latest policy meeting ended:

Early Warning: A Deep Crack Is Forming in the US Economy - Ad

Stocks are booming thanks to Trump's landslide victory. Yet one former Trump advisor says the picture is less rosy than it seems. "I've found a deep crack forming in the foundations of the US economy," he says. "And before too long, it could tear our country apart." It's critical you learn more today, BEFORE it impacts your money and your retirement.

Financial market worries over the UK budget appear to ease

LONDON (AP) — Worries about this week's within financial markets appeared to ease Friday with the interest rates charged on British debt steadying and the pound rising against most other currencies.

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company

NEW YORK (AP) — Shares of Tesla soared Wednesday following an election that will send Donald Trump back to the White House, an outcome that has been in the closing months of the race.

Warren Buffett's Apple Stake Reduction Spurs $97B Cash Surge—Analysts Speculate This Could Be The Reason Behind Berkshire Hathaway's Massive Cash Pile

Warren Buffett, the legendary investor, has made a significant move by reducing his stake in Apple Inc. (NASDAQ: AAPL) and other stocks, generating a whopping $97 billion in gains for his company, Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B).

Single Stock Blueprint Available Now - Ad

Market Wizard Larry Benedict is one of the most successful traders you'll ever meet...But he doesn't make money the traditional way. In short: It's a way to trade just one stock...And potentially make all the money you need to fast-track your retirement -- no matter what happens in the stock market.

Apple, Amazon, Intel, Peloton, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks took a downward turn towards the end of trading on Thursday, with the Nasdaq Composite dipping around 500 points.

Trump And Musk Want To Sidestep Senate Floor Votes On Key Confirmations

President-elect Donald Trump and billionaire Elon Musk are endorsing the use of recess appointments, a move that could potentially sidestep conventional confirmation procedures.

This Weight Loss Drug Loophole Is Set to Make Investors Incredibly Wealthy - Ad

Thanks to this rare FDA loophole, the world's most in-demand weight loss drugs have effectively just gone "off patent" for a short amount of time... Creating a once-in-a-lifetime profit window for investors.

Chinese EV Maker BYD Edges Closer To Ford's Sales Volume After Beating Tesla In Revenue Race

Chinese EV maker BYD Co Ltd is closing in fast on Michigan-based Ford Motor Co's global sales despite the former not manufacturing combustion engine vehicles.

Forget Nvidia, Apple, Tesla, and Google - Ad

Market Wizard Larry Benedict: "Forget 99% of stocks: It's possible to make all the money you need for a happy retirement with just this one."

Final jobs report before election will likely offer a blurred view of labor market

WASHINGTON (AP) — Americans on Friday will get their last major look at the state of the U.S. economy — the October jobs report — just four days before Election Day. The view, though, is likely to be that left many workers temporarily off payrolls.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service