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Advertising Industry To Hit $1 Trillion, Dominated By The New 'Big 5'Scores of Chinese warships and aircraft are fanning out across the Pacific. Russian ships are plowing waters near South Korea and Japan. And North Korea, in recent months, has been stepping up missile launches. On a top floor of Japan’s Defense Ministry headquarters, one official describes the current security situation as “the biggest challenge since World War II.” Japan’s military cannot face these threats alone – a point underlined by Japan’s defense minister Tuesday when he met with visiting U.S. Defense Secretary Lloyd Austin. He stressed the need to boost trilateral cooperation among the United States, Japan, and South Korea. At the center of this alliance is the historically fraught relationship between Tokyo and Seoul, which has improved dramatically over the past two years. But the ongoing political crisis in South Korea, ignited by President Yoon Suk Yeol’s bungled attempt to impose martial law last week, threatens future cooperation. Opposition parties are now working to impeach Mr. Yoon, arguing in part that he endangered South Korea by pursuing “a strange Japan-centered foreign policy.” South Korea’s alliance with Japan and the U.S. “is already a very challenging issue,” says retired South Korean army Lt. Gen. Chun In-bum. “If Yoon goes down, it will get worse.” From the top floors of Japan’s Defense Ministry headquarters, the view of East Asian security is increasingly dire, adding urgency to Tokyo’s goal of strengthening the U.S.-Japan-South Korea alliance despite ongoing political upheaval in Seoul. Scores of Chinese warships and aircraft are fanning out this week around Japan, South Korea, Taiwan, and the South China Sea as part of a massive Chinese military exercise. Russian ships, in an apparently coordinated move, are plowing waters near South Korea and Japan. North Korea, meanwhile, has been stepping up missile launches in recent months, firing one in October that landed off the coast of Japan’s northern island of Hokkaido. “We are getting into a new crisis era,” says a Japanese Defense Ministry official, speaking on the condition of anonymity, per the ministry’s press policy. She describes the country’s security environment as “the biggest challenge since World War II.” Japan’s military cannot face these threats alone – a point stressed by Japanese Defense Minister Nakatani Gen on Tuesday when he told visiting U.S. Defense Secretary Lloyd Austin that they need to boost “alliance capabilities to deter and respond” to the “increasingly severe” security challenges. At the center of this alliance is the historically fraught relationship between Japan and South Korea. Over the past two years, Japan and the United States have made major strides in the trilateral defense relationship with South Korea. But whether that progress can continue has been thrown into question by the political crisis in Seoul, ignited by President Yoon Suk Yeol’s bungled attempt to impose martial law last week. South Korea’s alliance with Japan and the U.S. “is already a very challenging issue,” says retired South Korean army Lt. Gen. Chun In-bum. “If Yoon goes down, it will get worse, which is going to be a real shame.” Mr. Yoon, a conservative elected in 2022, helped bring about a dramatic improvement in South Korea’s ties with Japan, which had plunged to their lowest point in decades as a result of festering historical disputes over Japan’s 1910-1945 colonial rule of the Korean Peninsula. Ties were so strained, for example, that in 2018 Japan’s Defense Ministry charged that a South Korean navy destroyer directed a targeting radar system at Japanese military patrol aircraft, charges that South Korea denied. Mr. Yoon put these tensions squarely in the rearview mirror, saying in 2023 that Japan had “transformed from a militaristic aggressor of the past into a partner.” Mr Yoon and then Japanese Prime Minister Kishida Fumio, a fellow conservative, launched the two nations into military cooperation including joint anti-submarine warfare exercises and ballistic missile defense drills. In June this year, Seoul and Tokyo normalized defense relations, and in July, together with Washington, they signed a memorandum to institutionalize their defense ties in a bid to lock in policy talks, joint training exercises, and information sharing on ballistic missiles. In part, the agreement was meant to sustain ties despite “ups and downs in the political situation in each of the three countries,” says a second Japanese defense official. In November, Mr. Nakatani became the first Japanese defense minister to board a South Korean warship, when the ship made a port call in Yokosuka, Japan. He was reportedly scheduled to visit South Korea later this month – the first Japanese defense minister to do so in nine years – but the ongoing political crisis has complicated these plans. As police investigate whether Mr. Yoon’s martial law decree constituted an insurrection, judicial authorities have barred the president from leaving the country. Mr. Nakatani’s counterpart, former Defense Minister Kim Yong-hyun, resigned last week for his role in the martial law decision and was arrested. On Tuesday he reportedly attempted suicide in jail. A coalition of South Korean opposition parties is now working to impeach Mr. Yoon, arguing in part that he endangered South Korea by improving relations with Japan. The impeachment motion states that Mr. Yoon “has antagonized North Korea, China, and Russia, [and] insisted on a strange Japan-centered foreign policy ... inviting isolation in Northeast Asia and triggering the crisis of war.” If Mr. Yoon is forced from office or steps down, and the center-left opposition gains power, ties with Japan could suffer, say defense experts in both countries. “If the people choose a left-wing cabinet that is pro-North Korea, that would be very, very difficult,” says a senior Japanese Defense Ministry adviser. Meanwhile, Japan’s relationship with the U.S. – which has often acted as a stabilizing intermediary between Tokyo and Seoul – becomes all the more important, despite Washington facing its own political turnover in January. Secretary Austin, visiting U.S. forces based in Japan this week to hear about efforts to modernize command-and-control between the two militaries, emphasized that the U.S.-Japan alliance is stronger than ever. “America’s extended deterrence commitment to Japan and the Republic of Korea is ironclad,” Secretary Austin said, pledging the U.S. will advance the “historic” trilateral cooperation with South Korea. At the bustling Defense Ministry in Tokyo, eight television screens broadcast different news channels above an open office. Officials here say Japan is prioritizing its relationship with the U.S., but wants to build upon ties with South Korea when possible. “We can’t control the South Korean domestic situation – we can watch carefully and cooperate with the U.S.,” says the Defense Ministry adviser.

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NEW YORK , Dec. 9, 2024 /PRNewswire/ -- It is with profound sadness that TGM mourns the death of its Co-founder and Managing Principal, Steven C. Macy (1949-2024). Steve, real estate executive, husband, brother, uncle, friend, mentor, proud parent and grandparent, and oracle of wisdom who told endless anecdotes, died in New York on December 2 nd . Steve was a dynamic leader with a breadth of interests and knowledge that matched his energy, enthusiasm, and drive. He was born and raised in Dayton, Ohio . Steve co-founded TGM Associates L.P. ("TGM") with Thomas Gochberg in July 1991 . TGM provides an integrated suite of asset and property management services to large, global institutions, including state pension funds, sovereign wealth funds, corporate pension plans, and high-net-worth individuals. Prior to co-founding TGM, Steve worked at Smith Barney Real Estate and its successor company, Security Capital, where he first met Thomas Gochberg . Steve also worked for Integrated Resources, where he headed Integrated's national portfolio of 32,000 apartments. Steve was responsible for overseeing Smith Barney's nationwide property management operations and is recognized by some as one of the principal creators of the national property management business. Prior to his tenure at Smith Barney, real estate investment was predominantly a local and regional business, and Steve was responsible for creating an organization that was national in scope and capable of efficiently managing a portfolio stretching from coast to coast. He replicated this process twice more while at Integrated Resources and TGM. Steve was profiled in Bloomberg Businessweek's Executive Profile Directory for multiple years. He was also awarded the Institute of Real Estate Management's Certified Property Manager designation and was instrumental in TGM's designation as an Accredited Management Organization by that same institution. Steve's Real Estate affiliations included being a member of the Institute of Real Estate Management, the National Multi Housing Council (he served on the Board of Directors from 1990 to 1991), the National Apartment Association, and the Pension Real Estate Association. Steve was a member and patron of numerous New York social and cultural institutions and was an active member of the New York City Catholic Diocese. He accompanied Cardinal Dolan and his predecessor, Cardinal Egan, as members of their entourage on several visits to the Vatican, where Steve met sitting Popes. Steve was also an active member of St. Ignatius Loyola's congregation on the Upper East Side of Manhattan . Steve also enjoyed traveling with his Jesuit friends, including attending several silent retreats and several trips to Israel . Steve and his wife Emi had a plethora of shared interests that included volunteering, cooking, and good food (Steve was an excellent cook and enjoyed preparing meals for all), and was an adventurous traveler. Steve had an amazing rolodex of excellent restaurants from all the places he visited and usually a good story or two from the times he frequented them. Steve dedicated significant time to mentoring young minds in search of wisdom. He once published his feelings on how to lead a "successful life" which reflected those tenets that resonated deeply with him and were evident to any person that he came in contact with. In short, Steve stated that if you wanted to change the world: Steve is survived by his wife Emi; children Christopher, Tiffany, Alexa, and Akane; grandchildren Todd Jr., Tess, Tanner and Tom; his sister Karen; and many cousins, nieces and nephews. He will be missed by all. About TGM Founded in 1991, TGM is an investment advisory firm organized to provide an integrated suite of asset and property management services to its investors through a series of fully integrated operating companies. Through its vertically and horizontally integrated operating companies, TGM specializes in acquisitions, property management, leasing, construction, property maintenance and asset management services. An affiliate of TGM provides property management services under the brand TGM Communities. As of September 30, 2024, TGM has invested in 141 multifamily properties throughout 28 states. To learn more about TGM please contact John Gochberg , Managing Principal, Chief Executive Officer, and President. Phone: (212) 830-9312, E-mail: jgochberg@TGMAssociates.com View original content to download multimedia: https://www.prnewswire.com/news-releases/tgm-mourns-death-of-co-founder-and-managing-principal-steven-c-macy-302326734.html SOURCE TGMRape allegation against Jay-Z will not affect NFL relationship, says chiefNone

Germany has pledged to tighten its law to make it easier to prosecute people-smugglers enabling small-boat crossings to Britain, as the two countries signed a new deal aimed at tackling immigration crime. Berlin confirmed plans to reform its legal framework make it a clear criminal offence to “facilitate the smuggling of migrants to the UK” as part of the agreement, the Home Office said. The Home Office said the move would give German prosecutors more tools to tackle the supply and storage of dangerous small boats. Both countries will also commit to exchange information that may help to remove migrant-smuggling content from social media platforms and tackle end-to-end routes of criminal smuggling networks as part of the deal. It comes ahead of the UK and Germany hosting the so-called Calais Group in London, which sees ministers and police from the two countries, alongside France, Belgium and the Netherlands, gather to discuss migration in Europe. Delegates are expected to agree a detailed plan to tackle people-smuggling gangs in 2025 at the meeting on Tuesday. Home Secretary Yvette Cooper said: “For too long organised criminal gangs have been exploiting vulnerable people, undermining border security in the UK and across Europe while putting thousands of lives at risk. “We are clear that this cannot go on. “Germany is already a key partner in our efforts to crack down on migrant smuggling, but there is always more we can do together. “Our new joint action plan with deliver a strengthened partnership with Germany, boosting our respective border security as we work to fix the foundations, and ultimately saving lives.” Nancy Faeser, German federal minister of the interior said: “We are now stepping up our joint action to fight the brutal activities of international smugglers. “This is at the core of our joint action plan that we have agreed in London. “I am very grateful to my British counterpart Yvette Cooper that we were able to reach this important agreement. “It will help us end the inhumane activities of criminal migrant smuggling organisations. “By cramming people into inflatable boats under threats of violence and sending them across the Channel, these organisations put human lives at risk. “Many of these crimes are planned in Germany. “Together, we are now countering this unscrupulous business with even more resolve. “This includes maintaining a high investigative pressure, exchanging information between our security authorities as best as possible, and persistently investigating financial flows to identify the criminals operating behind the scenes.”