Reprint - A great read, it's almost symbolic. The greatest guys still helping out the wars. Reminds me of my grandfather and his golfing...He would totally allow this at his home course. - Chad
By Kanga Kong (Bloomberg) -- A Jack Nicklaus-designed golf course in South Korea was picked Friday as the new site for a U.S. missile system aimed at defending the country from any North Korean attack. The decision comes after more than two months of protests over the original plan to locate Terminal High-Altitude Area Defense, known as Thaad, in the mountainous county of Seongju more than 200 kilometers (125 miles) southeast of Seoul. The missile defense system will now be located nearby at the Lotte Group’s Skyhill Country Club, according to South Korea’s Defense Ministry. The move, just weeks after Kim Jong Un’s regime conducted its fifth nuclear test, may appease some villagers who fiercely opposed putting Thaad in Seongju due to concerns over how its powerful radars would impact their health. Even so, President Park Geun-hye’s administration still faces other obstacles to moving ahead with the defense system. China and Russia remain opposed to Thaad as they believe it will destabilize the region, with Beijing considering economic retaliation if South Korea deploys the missile shield. The issue has prompted China to give the cold shoulder to Park, only months after the two nations hailed ties as the best in history. “China has many times made clear its opposition to the U.S. deploying its THAAD anti-missile system in South Korea,” Chinese defense ministry spokesman Yang Yujun told reporters in Beijing on Thursday.
The Securities Law Blog: Och-Ziff Hedge Fund Settles FCPA Charges: The Securities and Exchange Commission today announced that Och-Ziff Capital Management Group has agreed to pay nearly $200 million to the S...