Plastic letters arranged to read “Inflation” are placed on U.S. Dollar banknote in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration
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LONDON, June 26 (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic.
The Swiss-based BIS has held its annual meeting in recent days, where top central bankers met to discuss their current difficulties and one of the most turbulent starts to a year ever for global financial markets.
Surging energy and food prices mean inflation in many places is now its hottest in decades. But the usual remedy of ramping up interest rates is raising the spectre of recession, and even of the dreaded 1970s-style “stagflation”, where rising prices are coupled with low or negative economic growth.
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“The key for central banks is to act quickly and decisively before inflation becomes entrenched,” Agustín Carstens, BIS general manager, said as part of the body’s post-meeting annual report published on Sunday.
Carstens, former head of Mexico’s central bank, said the emphasis was to act in “quarters to come”. The BIS thinks an economic soft landing – where rates rise without triggering recessions – is still possible, but accepts it is a difficult situation.
“A lot of it will depend on precisely on how permanent these (inflationary) shocks are,” Carstens said, adding that the response of financial markets would also be crucial.
“If this tightening generates massive losses, generates massive asset corrections, and that contaminates consumption, investment and employment – of course, that is a more difficult scenario.”
World markets are already suffering one of the biggest sell-offs in recent memory as heavyweight central banks like the U.S. Federal Reserve – and from next month the ECB – move away from record low rates and almost 15 years of back-to-back stimulus measures.
Global stocks (.MIWD00000PUS) are down 20% since January and some analysts calculate that U.S. Treasury bonds, the benchmark of world borrowing markets, could be having their biggest losing first half of a year since 1788.
Carstens said the BIS’s own recent warnings about frothy asset prices meant the current correction was “not necessarily a complete surprise”. That there hadn’t been “major market disruptions” so far was also reassuring, he added.
Part of the BIS report published already last week said that the recent implosions in the cryptocurrency markets were an indication that long-warned-about dangers of decentralised digital money were now materialising.
Those collapses aren’t expected to cause a systemic crisis in the way that bad loans triggered the global financial crash. But Carstens stressed losses would be sizeable and that the opaque nature of the crypto universe fed uncertainty.
Returning to the macro economic picture, he added that the BIS didn’t currently expect a period of widespread stagflation to take hold.
He also said that though many global central banks and the BIS itself had significantly underestimated how quick global inflation has spiralled over the last six to 12 months, they weren’t about to lose hard-earned credibility overnight.
“Yes, you can argue a little bit here about an error of timing of certain actions and the responses of the central banks. But by and large, I think that the central banks have responded forcefully in a very agile fashion,” Carstens said.
“My sense is that central banks will prevail at the end of the day, and that would be good for their credibility.”
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Reporting by Marc Jones; Editing by David Holmes
Our Standards: The Thomson Reuters Trust Principles.
DALLAS–(BUSINESS WIRE)–Sonida Senior Living, Inc. (NYSE: SNDA) (Sonida or the Company) announced today that it will issue its First Quarter 2022 earnings release before the market opens for trading on the New York Stock Exchange on Monday, May 23, 2022. A conference call to discuss those earnings will be held on Monday, May 23, 2022, at 1:30 p.m. Eastern Time.
As previously announced, the Company hired a new Chief Financial Officer, Chief Accounting Officer, and Director of Financial Reporting, effective May 1, 2022. These recent finance and accounting personnel changes require additional time to finalize the financial statements and related disclosures contained in the Form 10-Q for the quarter ended March 31, 2022. The Company will file a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission for an extension to file the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022.
The call-in number for the conference call is 877-407-0989 (no passcode required). A link to a simultaneous webcast of the teleconference will be available here through Windows Media Player or RealPlayer.
The conference call will be recorded and available for replay starting May 24, 2022, through June 7, 2022. To access the conference call replay, call 877-660-6853, passcode 13729622.
About Sonida Senior Living
Dallas-based Sonida Senior Living, Inc. is a leading owner-operator of independent living, assisted living and memory care communities and services for senior adults. The Company’s 76 communities are home to nearly 7,000 residents across 18 states providing comfortable, safe, affordable communities where residents can form friendships, enjoy new experiences and receive personalized care from dedicated team members who treat them like family. For more information, visit www.sonidaseniorliving.com or connect with the Company on Facebook, Twitter or LinkedIn.
KABUL, Afghanistan — Thousands of Afghans had piled into buses and set out down the country’s once perilous highways bound for relatives they had not seen in years. Afghanistan’s only national park was filled with tourists who had only dreamed of traveling to its intensely blue lakes and jagged mountains when fighting raged across the country.
And Zulhijjah Mirzadah, a mother of five, packed a small picnic of dried fruit, gathered her family in a minibus and wove for two hours through the congested streets of the capital, Kabul, to a bustling amusement park.
From the entrance, she could hear the low whoosh of a roller coaster and the chorus of joyous screams from Afghans inside celebrating Eid al-Fitr, the holiday marking the end of the holy month of Ramadan. But she could not go further. Women, she was told at the gate, were barred by the Taliban from entering the park on Eid.
“We’re facing economic problems, things are expensive, we can’t find work, our daughters can’t go to school — but we hoped to have a picnic in the park today,” said Ms. Mirzadah, 25.
country’s economic collapse since the Taliban toppled the Western-backed government, the freedom of travel and luxury of celebratory outings remained out of reach.
City Park, the amusement park in Kabul, and the city’s zoo, had less than half of the number of visitors that typically come each Eid, according to park managers. The low turnout was a reflection of both the country’s economic downturn and the Taliban’s edict barring women from visiting on Eid — the latest in a growing roster of restrictions on women in public spaces.
In a modest house tucked into one of Kabul’s many hillsides, Zhilla, 18, gathered with relatives at her aunt’s house on the second day of Eid. Her young cousins and siblings chased each other in the small courtyard. Inside, Zhilla marveled over her new cousin, just six days old, sleeping peacefully in her mother’s lap.
“The baby knows we’ve been through a lot, she needs to behave for us,” Zhilla joked.
The previous year, she and her relatives had gathered by the city’s Qargha reservoir for a picnic by the river, as boys and girls rode bicycles along its banks and took boats out on the water — a memory that feels like a lifetime ago, she said.
“This Eid is the same as any other day — we cannot go out, we cannot be free,” she said.
When Barbara Schwartz looks back at her younger days working as a Broadway stagehand, she remembers the electricity of it: the harried dancers slipping into their costumes backstage, the props people shoving past with flashlights between their teeth.
She was able to throw herself into that high-pressure career, she said, because of a choice she made in 1976. She got an abortion at a clinic she found in the Yellow Pages. It was three years after the Roe v. Wade ruling established the constitutional right to an abortion; to Ms. Schwartz, the world seemed full of new professional opportunities for women. She got a credit card in her own name, became one of the first women to make it into the local stagehand union and joined the throngs backstage at shows including “Cats” and “Miss Saigon.”
Ms. Schwartz, 69, is now retired. She is spending her retirement years escorting women to the doors of an abortion clinic on the border of Virginia and Tennessee. She was drawn to this volunteer work, she said, because to her, the promise from her 20s has dimmed — the result of laws that have chipped away at abortion access, with a leaked draft Supreme Court ruling this past week revealing that Roe is likely to be overturned.
“This is my giant pay it forward,” Ms. Schwartz said.
That is how Ginny Jelatis, 67, thinks about it too. She was of high school senior age the year Roe v. Wade was decided; she began serving as a clinic escort after retiring from her work as a history professor in 2016.
43 percent in 1970 to 57.4 percent in 2019. Many different factors drove women into the work force in greater numbers in those years, but scholars argue that abortion access was an important one.
poll in 2021 found that 59 percent of Americans said they believed abortion should be legal in all or most cases, and 39 percent said it should be illegal in all or most cases. Recent Pew data indicates that women are slightly more likely than men to say abortion should be legal in all cases, and younger people, between the ages of 18 and 29, are far more likely than older adults to say abortion should be legal in some or all cases.
Justice Harry A. Blackmun, a modest Midwestern Republican and a defender of the right to abortion, wrote the majority opinion.
What was the case about? The ruling struck down laws in many states that had barred abortion, declaring that they could not ban the procedure before the point at which a fetus can survive outside the womb. That point, known as fetal viability, was around 28 weeks when Roe was decided. Today, most experts estimate it to be about 23 or 24 weeks.
What else did the case do? Roe v. Wade created a framework to govern abortion regulation based on the trimesters of pregnancy. In the first trimester, it allowed almost no regulations. In the second, it allowed regulations to protect women’s health. In the third, it allowed states to ban abortions so long as exceptions were made to protect the life and health of the mother. In 1992, the court tossed that framework, while affirming Roe’s essential holding.
Recent research has tried to understand the role abortion access plays in women’s employment. Most notable is the Turnaway Study, conducted at the University of California, San Francisco. Researchers followed two groups of women — a group that wanted and got abortions, and another that wanted abortions and were unable to obtain them — for five years and found that those unable to get abortions had worse economic outcomes. Almost two-thirds of those who did not have an abortion they had sought out were living in poverty six months later, compared with 45 percent of those who got the procedure.
patchwork of state laws on abortion access, with 13 states set to ban abortion immediately or very quickly after the court’s ruling. There is likely a correlation between the regions of the country where it is most difficult to get an abortion, and those with the fewest child care and parental leave options, according to an analysis of research findings from the financial site WalletHub.
For older women who felt they were able to attain financial stability because of the decision to have an abortion, there is resonance in sharing their stories with the younger women they meet at clinics today.
“The older folks I work with can remember that dread of, ‘My God, what if it happens to me?’” said Ms. Deiermann, who spent most of her career working in reproductive health advocacy.
Many clinic volunteers, like Ms. Deiermann, remember when their classmates and friends got illegal abortions. Telling those stories feels more urgent than ever.
Karen Kelley, 67, a retired labor and delivery nurse in Idaho, who volunteers at an abortion clinic there, spent her childhood aligned with her Roman Catholic family’s anti-abortion views. Then she found herself pregnant in her early 20s, without an income to support a baby. Realizing that motherhood could “derail all her hopes,” she chose to terminate that pregnancy, about six years after Roe.
That’s a memory Ms. Kelley conveys to the women she escorts to the clinic’s steps. “If I’m asked, I’m always honest that I understand how they’re feeling because I had an abortion and they have every right to make the decision,” she said.
And some older women said that the position they’re in now — retired, with savings and stability — is something they trace back to Roe.
“It gave us a chance to decide to marry and have a family later,” said Eileen Ehlers, 74, a retired high school English teacher and a mother.
What Roe gave her, she said, is something she can now pour back into volunteering: “We have time.”
DALLAS–(BUSINESS WIRE)–Sonida Senior Living, Inc., (NYSE: SNDA) announced today that it will file a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission for an extension to file the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
During Fourth Quarter 2021, the Company completed a complex recapitalization transaction with Conversant Capital LLC and its affiliates, Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP, and the Company also completed the disposition and transfer of ownership of several communities throughout 2021. The accounting for these significant transactions, along with recent changes in personnel in the Company’s accounting department, has necessitated this extension.
“The past year was transformational for Sonida Senior Living,” said Kimberly S. Lody, President and CEO. “The Company successfully stabilized its balance sheet with the Conversant transaction and subsequent debt refinancing, enabling our team to continue its strong focus on operational improvements and strategic growth.”
Recent Performance Highlights
The Company currently estimates that Fourth Quarter 2021 revenue per available unit (REVPAR) for the Company’s same-store, owned portfolio of communities increased approximately 5.3% compared to the prior year quarter, including a 390 basis point increase in occupancy. Revenue per occupied unit (REVPOR) for the same comparison period increased 20 basis points to $3594.
December 2021, January 2022 and February 2022 average monthly occupancy of 81.6%, 82.0% and 82.2%, respectively, demonstrate continued occupancy improvement from the COVID-pandemic low point of 75.3% reported in February 2021.
As compared to the Third Quarter 2021, the Company currently estimates that Fourth Quarter 2021 revenue per available unit (REVPAR) for the Company’s same-store, owned portfolio of communities increased approximately .9%, including a 30 basis point increase in occupancy. Revenue per occupied unit (REVPOR) grew approximately 50 basis points.
Additional preliminary financial estimates relating to the Company’s full year and three months ended December 31, 2021, are expected to be included in the Form 12b-25.
On February 1, 2022, the Company closed on the acquisition of two recently renovated independent living communities in the Indianapolis market for $12.3 million.
On March 10, 2022, the Company closed an $80 million refinancing, which addressed all debt maturing through mid-2024, and was secured by a portfolio of 10 assets. The term loan includes an additional $10 million of proceeds that will become available subject to the portfolio achieving certain financial performance metrics. The loan also includes an uncommitted $40 million accordion to support the Company’s growth plans.
The Company will schedule its earnings release and conference call to take place on or before April 15, 2022, and will provide a call-in number when the date is announced. The Company’s earnings release is scheduled to be distributed to news services before the market opens on the conference call date.
Cautionary Statement Regarding Preliminary Financial Estimates and Other Forward-Looking Information
The financial estimates set forth herein for the quarter ended December 31, 2021 are preliminary and unaudited. In addition, the statements included in this press release regarding the Company’s financial performance and results of operations, in each case as expected to be reported, and other statements that are not historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes the expectations and estimates reflected in its forward-looking statements are reasonable, the Company can give no assurance they will prove to have been correct. Such expectations and estimates can be affected by inaccurate assumptions or by known or unknown risks and uncertainties and, if one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Factors that could cause actual results to differ materially from expected results include the results and finalization of the Company’s audited financial statements to be included in the Form 10-K, and those described in the Company’s reports filed with the SEC.
About Sonida Senior Living
Dallas-based Sonida Senior Living, Inc. is a leading owner-operator of independent living, assisted living and memory care communities and services for senior adults. The Company’s 77 communities are home to nearly 7,000 residents across 18 states providing comfortable, safe, affordable communities where residents can form friendships, enjoy new experiences and receive personalized care from dedicated team members who treat them like family. For more information, visit www.sonidaseniorliving.com or connect with the Company on Facebook, Twitter or LinkedIn.
“For the moment I do plan to work in Russia,” he said. “How this may change in the future, especially if YouTube will be blocked, I don’t know.”
Unlike China, where domestic internet companies have grown into behemoths over more than a decade, Russia does not have a similarly vibrant domestic internet or tech industry.
Russia-Ukraine War: Key Things to Know
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Protests in Russia. Amid antiwar rallies across Russia, the police said more than 3,000 people were arrested Sunday, the highest nationwide total in any single day of protest in recent memory. An activist group that tracks arrests reported detentions in 49 different Russian cities.
So as it is cordoned off into its own digital ecosystem, the fallout may be severe. In addition to access to independent information, the future reliability of internet and telecommunications networks, as well as the availability of basic software and services used by businesses and government, is at risk.
Already, Russian telecom companies that operate mobile phone networks no longer have access to new equipment and services from companies like Nokia, Ericsson and Cisco. Efforts by Russian companies to develop new microprocessors were in doubt after Taiwan Semiconductor Manufacturing Company, the largest maker of essential semiconductors, halted shipments to the country. Yandex, Russia’s largest internet company, with a search engine more widely used than Google in Russia, warned it might default on its debts because of the crisis.
“The whole IT, hardware and software market that Russia relies on is gravely damaged right now,” said Aliaksandr Herasmenka, a researcher at the University of Oxford’s program on democracy and technology. The Russian authorities could respond by loosening rules that have made it illegal to download pirated software, he said.
The Ukrainian government has also pressured internet service providers to sever access in Russia. Officials from Ukraine have asked ICANN, the nonprofit group that oversees internet domains, to suspend the Russian internet domain “.ru.” The nonprofit has resisted these requests.
Denis Lyashkov, a self-taught web developer with more than 15 years of experience, said Russia’s censorship campaign was “devastating” for those who had grown up with a less restricted internet.
“Cards was my childhood, how can I hate it?” Raoul said recently. “And I was the best.”
One night, as Raoul slept — his bedroom window had the dining table nailed to it, to protect against snipers — bombing started. His mother cried out for him, looking frantically until they found Raoul, then 5, crying while hugging a framed photo of the Virgin Mary that had fallen from the wall, praying for his life. He developed a stutter after that.
“When I left Lebanon, I left. I only took my stutter with me,” said Raoul, who has lived in the United Arab Emirates and Poland since leaving Lebanon. “That’s it. That’s the baggage I took with me.”
I was lucky. I did not grow up in Lebanon, at least not full time, as my father worked abroad, waiting for the war to end and the chance to move back.
Yet every summer, no matter what happened — an Israeli invasion, the suicide bombing that killed hundred of U.S. Marines — we went back, to be with our family, to hold their hands and say: We have not abandoned you. It was the most twisted of survivor’s guilt, a role I played every summer until we moved back to Lebanon in the early 1990s when I was 10.
We had our close calls during those summer visits. In 1985, my mother took my siblings and me to run an errand and she pulled off the highway to take another route. Seconds later, a giant explosion ripped through where our car had been idling, killing at least 50 people. We watched the wounded flee, blood streaming down their faces.
Many are left wondering how their adult lives would be better if their childhoods had been different.
For Abed Bibi, a 58-year old married to a friend of mine, he cannot handle the dark.
When visitors arrive at the office of America Knits in tiny Swainsboro, Ga., the first thing they see on the wall is a black-and-white photo that a company co-founder, Steve Hawkins, discovered in a local antiques store.
It depicts one of a score of textile mills that once dotted the area, along with the workers that toiled on its machines and powered the local economy. The scene reflects the heyday — and to Mr. Hawkins, the potential — of making clothes in the rural South.
Companies like America Knits will test whether the United States can regain some of the manufacturing output it ceded in recent decades to China and other countries. That question has been contentious among workers whose jobs were lost to globalization. But with the supply-chain snarls resulting from the coronavirus pandemic, it has become intensely tangible from the consumer viewpoint as well.
Mr. Hawkins’s company, founded in 2019, has 65 workers producing premium T-shirts from locally grown cotton. He expects the work force to increase to 100 in the coming months. If the area is to have an industrial renaissance, it is so far a lonely one. “I’m the only one, the only crazy one,” Mr. Hawkins said.
General Motors disclosed in December that it was considering spending upward of $4 billion to expand electric vehicle and battery production in Michigan. Just days later, Toyota announced plans for a $1.3 billion battery plant in North Carolina that will employ 1,750 people.
little change in the balance of trade or the inclination of companies operating in China to redirect investment to the United States.
Understand the Supply Chain Crisis
Since the pandemic began, however, efforts to relocate manufacturing have accelerated, said Claudio Knizek, global leader for advanced manufacturing and mobility at EY-Parthenon, a strategy consulting firm. “It may have reached a tipping point,” he added.
Decades of dependence on Asian factories, especially in China, has been upended by delays and surging freight rates — when shipping capacity can be found at all.
Backups at overwhelmed ports and the challenges of obtaining components as well as finished products in a timely way have convinced companies to think about locating production capacity closer to buyers.
“It’s absolutely about being close to customers,” said Tim Ingle, group vice president for enterprise strategy at Toyota Motor North America. “It’s a big endeavor, but it’s the future.”
New corporate commitments to sustainability are also playing a role, with the opportunity to reduce pollution and fossil fuel consumption in transportation across oceans emerging as a selling point.
Repositioning the supply chain isn’t just an American phenomenon, however. Experts say the trend is also encouraging manufacturing in northern Mexico, a short hop to the United States by truck.
traced to the outbreak of Covid-19, which triggered an economic slowdown, mass layoffs and a halt to production. Here’s what happened next:
A reduction in shipping. With fewer goods being made and fewer people with paychecks to spend at the start of the pandemic, manufacturers and shipping companies assumed that demand would drop sharply. But that proved to be a mistake, as demand for some items would surge.
Demand for protective gear spiked. In early 2020, the entire planet suddenly needed surgical masks and gowns. Most of these goods were made in China. As Chinese factories ramped up production, cargo vessels began delivering gear around the globe.
Then, a shipping container shortage. Shipping containers piled up in many parts of the world after they were emptied. The result was a shortage of containers in the one country that needed them the most: China, where factories would begin pumping out goods in record volumes
Demand for durable goods increased. The pandemic shifted Americans’ spending from eating out and attending events to office furniture, electronics and kitchen appliances – mostly purchased online. The spending was also encouraged by government stimulus programs.
Strained supply chains. Factory goods swiftly overwhelmed U.S. ports. Swelling orders further outstripped the availability of shipping containers, and the cost of shipping a container from Shanghai to Los Angeles skyrocketed tenfold.
“Incentives to help level the playing field are a key piece,” said David Moore, chief strategy officer and senior vice president at Micron. “Building a leading-edge memory fabrication facility is a sizable investment; it’s not just a billion or two here and there. These are major decisions.”
In the aftermath of the coronavirus and restrictions on exports of goods like masks, moving manufacturing closer to home is also being viewed as a national security priority, said Rick Burke, a managing director with the consulting firm Deloitte.
“As the pandemic continues, there’s a realization that this may be the new normal,” Mr. Burke said. “The pandemic has sent a shock wave through organizations. It’s no longer a discussion about cost, but about supply-chain resiliency.”
Despite the big announcements and the billions being spent, it could take until the late 2020s before the investments yield a meaningful number of manufacturing jobs, Mr. Burke said — and even then, raw materials and some components will probably come from overseas.
Still, if the experts are correct, these moves could reverse decades of dwindling employment in American factories. A quarter of a century ago, U.S. factories employed more than 17 million people, but that number dropped to 11.5 million by 2010.
Since then, the gains have been modest, with the total manufacturing work force now at 12.5 million.
But the sector remains one of the few where the two-thirds of Americans who lack a college degree can earn a middle-class wage. In bigger cities and parts of the country where workers are unionized, factories frequently pay $20 to $25 an hour compared with $15 or less for jobs at warehouses or in restaurants and bars.
Even in the rural South, long resistant to unions, manufacturing jobs can come with a healthy salary premium. At America Knits, a private-label manufacturer that sells to retailers including J. Crew and Buck Mason, workers earn $12 to $15 an hour, compared with $7.50 to $11 in service jobs.
The hiring is being driven by strong demand for the company’s T-shirts, Mr. Hawkins said, as well as by a recognition among retailers of the effect of supply-chain problems on foreign sources of goods.
“Retailers have opened their eyes more and are bringing manufacturing back,” he said. “And with premium T-shirts selling for $30 or more, they can afford to.”
A few years ago, Julie Land said she would naturally have looked to Asia to expand production of outerwear and other goods for her Canadian company, Winnipeg Stitch Factory, and its clothing brand, Pine Falls.
Instead, the 12-year-old business is opening a plant in Port Gibson, Miss., in 2022. Fabric will be cut in Winnipeg and then shipped to Port Gibson to be sewn into garments like jackets and sweaters. The factory will be heavily automated, Ms. Land said, enabling her company to keep costs manageable and compete with overseas workshops.
“Reshoring is not going to happen overnight, but it is happening, and it’s exciting,” she said. “If you place an order offshore, there is so much uncertainty with a longer lead time. All of that adds up.”
SEOUL — They have shown up whenever women rallied against sexual violence and gender biases in South Korea. Dozens of young men, mostly dressed in black, taunted the protesters, squealing and chanting, “Thud! Thud!” to imitate the noise they said the “ugly feminist pigs” made when they walked.
“Out with man haters!” they shouted. “Feminism is a mental illness!”
On the streets, such rallies would be easy to dismiss as the extreme rhetoric of a fringe group. But the anti-feminist sentiments are being amplified online, finding a vast audience that is increasingly imposing its agenda on South Korean society and politics.
These male activists have targeted anything that smacks of feminism, forcing a university to cancel a lecture by a woman they accused of spreading misandry. They have vilified prominent women, criticizing An San, a three-time gold medalist in the Tokyo Olympics, for her short haircut.
They have threatened businesses with boycotts, prompting companies to pull advertisements with the image of pinching fingers they said ridiculed the size of male genitalia. And they have taken aim at the government for promoting a feminist agenda, eliciting promises from rival presidential candidates to reform the country’s 20-year-old Ministry of Gender Equality and Family.
runaway housing prices, a lack of jobs and a widening income gap.
YouTube channel with 450,000 subscribers. To its members, feminists equal man haters.
Its motto once read, “Till the day all feminists are exterminated!”
The backlash against feminism in South Korea may seem bewildering.
the highest gender wage gap among the wealthy countries. Less than one-fifth of its national lawmakers are women. Women make up only 5.2 percent of the board members of publicly listed businesses, compared with 28 percent in the United States.
And yet, most young men in the country argue that it is men, not women, in South Korea who feel threatened and marginalized. Among South Korean men in their 20s, nearly 79 percent said they were victims of serious gender discrimination, according to a poll in May.
“There is a culture of misogyny in male-dominant online communities, depicting feminists as radical misandrists and spreading fear of feminists,” said Kim Ju-hee, 26, a nurse who has organized protests denouncing anti-feminists.
The wave of anti-feminism in South Korea shares many of the incendiary taglines with right-wing populist movements in the West that peddle such messages. Women who argue for abortion rights are labeled “destroyers of family.” Feminists are not champions of gender equality, but “female supremacists.”
In South Korea, “women” and “feminists” are two of the most common targets of online hate speech, according to the country’s National Human Rights Commission.
abortions were common.
mandatory military service. But many women drop out of the work force after giving birth, and much of the domestic duties fall to them.
“What more do you want? We gave you your own space in the subway, bus, parking lot,” the male rapper San E writes in his 2018 song “Feminist,” which has a cult following among young anti-feminists. “Oh girls don’t need a prince! Then pay half for the house when we marry.”
The gender wars have infused the South Korean presidential race, largely seen as a contest for young voters. With the virulent anti-feminist voice surging, no major candidate is speaking out for women’s rights, once such a popular cause that President Moon Jae-in called himself a “feminist” when he campaigned about five years ago.
It is hard to tell how many young men support the kind of extremely provocative and often theatrical activism championed by groups like Man on Solidarity. Its firebrand leader, Mr. Bae, showed up at a recent feminist rally dressed as the Joker from “Batman” comics and toting a toy water gun. He followed female protesters around, pretending to, as he put it, “kill flies.”
Tens of thousands of fans have watched his stunts livestreamed online, sending in cash donations. During one online talk-fest in August, Mr. Bae raised nine million won ($7,580) in three minutes.
legalize abortion and started one of the most powerful #MeToo campaigns in Asia.
Lee Hyo-lin, 29, said that “feminist” has become such a dirty word that women who wear their hair short or carry a novel by a feminist writer risk ostracism. When she was a member of a K-pop group, she said that male colleagues routinely commented on her body, jeering that she “gave up being a woman” when she gained weight.
“The #MeToo problem is part of being a woman in South Korea,” she said. “Now we want to speak out, but they want us to shut up. It’s so frustrating.”
On the other side of the culture war are young men with a litany of grievances — concerns that are endlessly regurgitated by male-dominated forums. They have fixated, in particular, on limited cases of false accusations, as a way to give credence to a broader anti-feminist agenda.
Son Sol-bin, a used-furniture seller, was 29 when his former girlfriend accused him of rape and kidnapping in 2018. Online trolls called for his castration, he said. His mother found closed-circuit TV footage proving the accusations never took place.
“The feminist influence has left the system so biased against men that the police took a woman’s testimony and a mere drop of her tears as enough evidence to land an innocent man in jail,” said Mr. Son, who spent eight months in jail before he was cleared. “I think the country has gone crazy.”
As Mr. Son fought back tears during a recent anti-feminist rally, other young men chanted: “Be strong! We are with you!”
MOSCOW — Stepping onto a podium in heavy boots and military fatigues at a ceremony outside Moscow, six teenagers accepted awards for an increasingly important discipline in Russia: patriotism.
For days, students from around the country had competed in activities like map-reading, shooting and history quizzes. The contest was funded in part by the Kremlin, which has been making “military patriotic” education a priority.
“Parents and children understand that this aggressive shell around us, it is tightening, it is hardening,” said Svyatoslav Omelchenko, a special forces veteran of the K.G.B. who founded Vympel, the group running the event. “We are doing all we can to make sure that children are aware of that and to get them ready to go and serve.”
Over the past eight years, the Russian government has promoted the idea that the motherland is surrounded by enemies, filtering the concept through national institutions like schools, the military, the news media and the Orthodox Church. It has even raised the possibility that the country might again have to defend itself as it did against the Nazis in World War II.
Russia masses troops on the Ukrainian border, spurring Western fears of an impending invasion, the steady militarization of Russian society under President Vladimir V. Putin suddenly looms large, and appears to have inured many to the idea that a fight could be coming.
shared the Nobel Peace Prize this year, said in his acceptance speech in Oslo this month. “People are getting used to the thought of its permissibility.”
Speaking to Russian military leaders on Tuesday, Mr. Putin insisted that Russia did not want bloodshed, but was prepared to respond with “military-technical measures” to what he described as the West’s aggressive behavior in the region.
Youth Army. Adults get their inculcation from state television, where political shows — one is called “Moscow. Kremlin. Putin.” — drive home the narrative of a fascist coup in Ukraine and a West bent on Russia’s destruction.
And all are united by the near-sacred memory of Soviet victory in World War II — one that the state has seized upon to shape an identity of a triumphal Russia that must be ready to take up arms once more.
Aleksei Levinson, the head of sociocultural research at the Levada Center, an independent Moscow pollster, calls the trend the “militarization of the consciousness” of Russians. In the center’s regular surveys, the army in 2018 became the country’s most trusted institution, surpassing even the president. This year, the share of Russians saying they feared a world war hit the highest level recorded in surveys dating to 1994 — 62 percent.
This does not mean, Mr. Levinson cautioned, that Russians would welcome a bloody territorial conquest of Ukraine. But it does mean, he said, that many have been conditioned to accept that Russia is locked in an existential rivalry with other powers in which the use of force is a possibility.
Celebration of the Soviet Union’s victory over Nazi Germany in World War II — referred to as the Great Patriotic War in Russia — has played the most important role in that conditioning. Rather than promoting only a culture of remembrance of Soviet heroism and 27 million lives lost, the Kremlin applies the World War II narrative to the present day, positioning Russia as once again threatened by enemies bent on its destruction.
the grand Cathedral of the Russian Armed Forces opened last year. Its exterior is army green and its floors are made from weapons and tanks seized from the German Wehrmacht. Arched stained glass windows feature insignia and medals.
On a recent Sunday, the church and its accompanying museum and park were full of visitors. A group of fifth graders from the Suvorov Military School in Tver, wearing their uniforms, filed out in two lines before marching to the museum. Their instructor said it was fundamentally important for the students, in their first year of military school, to learn about their predecessors.
“We’re doing a bit of propaganda, too,” the section leader quipped, declining to give his name.
Beyond the church grounds, visitors walked among snow-covered trenches in a simulated front line. Further afield, under the towering dome of the church, children could ride around a go-kart like track in a miniature replica of a battle tank.
“All children should come here and develop an interest in history from an early age,” said Alina Grengolm, as her 2-year-old son scrambled up an icy tank with his father’s assistance.
In Moscow recently, more than 600 people from across Russia gathered for a government-sponsored forum aimed at promoting patriotism among youth. Sergei Kiriyenko, Mr. Putin’s powerful deputy chief of staff, praised the attendees for doing “sacred work.”
a new phase of the conflict.
The Kremlin’s position. President Vladimir V. Putin of Russia, who has increasingly portrayed NATO’s eastward expansion as an existential threat to his country, said that Moscow’s military buildup was a response to Ukraine’s deepening partnership with the alliance.
In a Levada poll published last week, 39 percent of Russians said war between Russia and Ukraine was either inevitable or very likely. Half said the United States and NATO were to blame for the recent rise in tensions, and no more than 4 percent — across all age groups — said Russia was at fault.
The conviction across society that Russia is not the aggressor reflects a core ideology dating to Soviet times: that the country only fights defensive wars. The government has even earmarked money for movies that explore that theme: In April, the Culture Ministry decreed that “Russia’s historical victories” and “Russia’s peacekeeping mission” were among the priority topics for film producers seeking government funding.
“Right now, the idea is being pushed that Russia is a peace-loving country permanently surrounded by enemies,” said Anton Dolin, a Russian film critic. “This is contradicted by some facts, but if you show it at the movies and translate that idea into the time of the Great Patriotic War, we all instantly get a scheme familiar to everyone from childhood.”
On Russian state television, the narrative of a Ukraine controlled by neo-Nazis and used as a staging ground for Western aggression has been a common trope since the pro-Western revolution in Kyiv in 2014. After the revolution, Russia annexed the Ukrainian peninsula of Crimea, fomented a war in Ukraine’s east and sharpened its messaging about Russia as a “besieged fortress.”
appears to have dissipated amid economic stagnation.
But the Kremlin is doubling down. Its drive to increase “patriotic education” includes funding for groups like Vympel. The “military patriotic” organization has some 100 chapters around the country, and it organized the recent skills competition in the city of Vladimir that ended on Thursday.
Veronika Osipova, 17, from the city of Rostov-on-Don near Ukraine’s border, won the award for best female student. For years, she played the harp, graduating with honors from an elite music school. But in 2015, she started learning how to shoot a machine gun and throw grenades. She resolved to join the Russian military to protect the country against its enemies.
“I follow the example of girls who, under bullets and grenades, went to fight during the Great Patriotic War,” Ms. Osipova said. “They had no choice, but we do have it, and I choose the army.”
Anton Troianovski reported from Moscow, Ivan Nechepurenko from Vladimir, Russia, and Valerie Hopkins from Kubinka, Russia. Alina Lobzina contributed reporting from Moscow.