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Japan plans $75 billion investment across Indo-Pacific to counter China

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Japan plans $75 billion investment across Indo-Pacific to counter China

Diplomat Times(New Delhi/Tokyo)- Japan’s Prime Minister Fumio Kishida on Monday announced a new plan to promote an open and free Indo-Pacific, promising billions of dollars in investment to help economies across the region in everything from industry to disaster prevention.

The plan he announced in New Delhi is seen as Tokyo’s bid to forge stronger ties with countries in South and Southeast Asia to counter China’s growing assertiveness there.

Kishida also said Japan wanted Russia’s invasion of Ukraine to end as soon as possible and called on the “Global South”, a broad term referring to countries in Africa, Asia, Oceania and Latin America, to “show solidarity” after his talks with Indian Prime Minister Narendra Modi.


FOR MORE JAPAN-INDIA NEWS | Japan, other democracies to defend against China’s threat on international order 

Kishida said there were four “pillars” to Japan’s new Indo-Pacific plan: maintaining peace, dealing with new global issues in cooperation with Indo-Pacific countries, achieving global connectivity through various platforms, and ensuring the safety of the open seas and skies.

Japan pledged $75 billion to the region by 2030 via private investment and yen loans and by ramping up aid through official governmental assistance and grants.

“We plan to expand the cooperation of the free and open Indo-Pacific framework,” Kishida told the Indian Council of World Affairs.

He emphasized the increasing connectivity among countries and promoting freedom of navigation, with an eye on increasing maritime defense and security among like-minded countries.

China has ramped up its military presence in the Indo-Pacific and rapidly modernised its navy while promoting its Belt and Road Initiative.

“The kind of connectivity where you only rely on one country breeds political vulnerability,” Kishida said.

“We aim to increase the number of options each country has so that they can overcome these vulnerabilities and achieve further economic growth through connectivity,” he added.

NAVAL DRILLS

“We will conduct joint maritime exercises with India and the United States, as well as goodwill exercises with ASEAN and the Pacific Islands,” Kishida said.

Japan, India, Australia and the United States are members of the so-called Quad grouping, created to balance China’s growing dominance. The four are will participate in the annual naval wargaming exercise Malabar to be held in Australia this year.

India and Japan have deepened their ties in defense and strategic affairs in the face of a dominant China.

“India is an essential partner when it comes to realizing our free and open Indo-Pacific vision,” Kishida later told reporters when asked why he chose New Delhi to announce his plan.

Modi said strengthening the India-Japan “partnership is not only important for both our countries, it also promotes peace, prosperity and stability in the Indo-Pacific region”.

The two have different stances on the war in Ukraine, however.

“We want to stop the invasion by Russia as soon as possible. In order for that to happen, it’s important for the international community, including the so-called Global South, to show solidarity,” Kishida said when asked about his discussions with Modi.

Japan has imposed sanctions on Russia, as have many other nations.

India has not, and it has refused to blame Moscow for the conflict and has ramped up its buying of Russian oil.

“Giving voice to the priorities of the Global South is an important pillar of our G20 presidency,” Modi said after his talks with Kishida.

Source : Reuters 

(Reporting by Sakura Murakami in TOKYO and Krishn Kaushik in NEW DELHI; Writing by Y.P. Rajesh; Editing by Hugh Lawson)

Disclaimer: This report is auto generated from the Reuters news service. Diplomat Times holds no responsibility for its content.

Putin visits Crimea on anniversary of its annexation from Ukraine

Putin visits Crimea on anniversary of its annexation from Ukraine

Diplomat Times (Kyiv)- Russian President Vladimir Putin traveled to Crimea to mark the ninth anniversary of the Black Sea peninsula’s annexation from Ukraine on Saturday, the day after the International Criminal Court’ issued an arrest warrant for the Russian leader accusing him of war crimes.

Putin visited an art school and a children’s center, locations that appeared to have been chosen in response to the court’s action on Friday.


The International Criminal Court issues an arrest warrant for Putin

The court specifically accused him Friday of bearing personal responsibility for the abductions of children from Ukraine during Russia’s full-scale invasion of the neighboring country that started almost 13 months ago.

Russia annexed Crimea from Ukraine in 2014, a move that most of the world denounced as illegal. Ukrainian President Volodymyr Zelenskyy has demanded that Russia withdraw from the peninsula as well as the areas it has occupied since last year.

Putin has shown no intention of relinquishing the Kremlin’s gains. Instead, he stressed Friday the importance of holding Crimea.

“Obviously, security issues take top priority for Crimea and Sevastopol now,” he said, referring to Crimea’s largest city. “We will do everything needed to fend off any threats.”

The ICC’s arrest warrant was the first issued against a leader of one of the five permanent members of the U.N. Security Council. The court, which is based in The Hague, Netherlands, also issued a warrant for the arrest of Maria Lvova-Belova, the commissioner for Children’s Rights in the Office of the President of the Russian Federation.

The move was immediately dismissed by Moscow — and welcomed by Ukraine as a major breakthrough. Its practical implications, however, could be limited as the chances of Putin facing trial at the ICC are highly unlikely because Moscow does not recognize the court’s jurisdiction or extradite its nationals.

Widespread Russian attacks continued in Ukraine after the court’s announcement. Ukraine was attacked by 16 Russian drones on Friday night, the Ukrainian air force reported early Saturday.

Writing on Telegram, the air force command said that 11 out of 16 drones were shot down “in the central, western and eastern regions.” Among areas targeted were the capital, Kyiv, and the western Lviv province.


The International Criminal Court issues an arrest warrant for Putin

The head of the Kyiv city administration, Serhii Popko, said Ukrainian air defenses shot down all drones heading for the Ukrainian capital, while Lviv regional Gov. Maksym Kozytskyi said Saturday that three of six drones were shot down, with the other three hitting a district bordering Poland.

According to the Ukrainian air force, the attacks were carried out from the eastern coast of the Sea of Azov and Russia’s Bryansk province, which borders Ukraine.

The Ukrainian military additionally said in its regular update Saturday morning that Russian forces over the previous 24 hours launched 34 airstrikes, one missile strike and 57 rounds of anti-aircraft fire. The Facebook update said that falling debris hit the southern Kherson province, damaging seven houses and a kindergarten.

According to the Ukrainian statement, Russia is still concentrating its efforts on offensive operations in Ukraine’s industrial east, focusing attacks on Lyman, Bakhmut, Avdiivka, Marinka and Shakhtarsk in Ukraine’s eastern Donetsk province. Pavlo Kyrylenko, regional Gov. of the Donetsk province, said one person was killed and three wounded when 11 towns and villages in the province were shelled on Friday.

Further west, Russian rockets hit a residential area overnight Friday in the city of Zaporizhzhia, the regional capital of the partially occupied province of the same name. No casualties were reported, but houses were damaged and a catering establishment destroyed, Anatoliy Kurtev of the Zaporizhzhia City Council said.

Source :NPR/Reuters 

The International Criminal Court issues an arrest warrant for Putin

The International Criminal Court issues an arrest warrant for Putin

Diplomat Times (The Hague)- The International Criminal Court has issued an arrest warrant for Russian President Vladimir Putin for alleged war crimes involving accusations that Russia has forcibly taken Ukrainian children.

The ICC also issued a warrant for Putin’s commissioner for children’s rights, Maria Lvova-Belova.

The court said in a news release Friday the two are “allegedly responsible for the war crime of unlawful deportation of population (children) and that of unlawful transfer of population (children) from occupied areas of Ukraine to the Russian Federation.”

The move by the criminal court at the Hague marked a significant step, requesting the arrest of a sitting world leader — even as analysts acknowledged the chances of arresting President Putin are slim.


READ MORE ABOUT PUTIN  | Putin blame West of stoking global war to destroy Russia

Indeed, in Moscow, officials were quick to note Russia has never signed on as a party to the ICC as they dismissed the charges outright.

Mr Vladimir Vladimirovich Putin, born on 7 October 1952, President of the Russian Federation, is allegedly responsible for the war crime of unlawful deportation of population (children) and that of unlawful transfer of population (children) from occupied areas of Ukraine to the Russian Federation (under articles 8(2)(a)(vii) and 8(2)(b)(viii) of the Rome Statute). The crimes were allegedly committed in Ukrainian occupied territory at least from 24 February 2022. There are reasonable grounds to believe that Mr Putin bears individual criminal responsibility for the aforementioned crimes, (i) for having committed the acts directly, jointly with others and/or through others (article 25(3)(a) of the Rome Statute), and (ii) for his failure to exercise control properly over civilian and military subordinates who committed the acts, or allowed for their commission, and who were under his effective authority and control, pursuant to superior responsibility (article 28(b) of the Rome Statute).

The Chamber considered that the warrants are secret in order to protect victims and witnesses and also to safeguard the investigation.

Nevertheless, mindful that the conduct addressed in the present situation is allegedly ongoing, and that the public awareness of the warrants may contribute to the prevention of the further commission of crimes, the Chamber considered that it is in the interests of justice to authorize the Registry to publicly disclose the existence of the warrants, the name of the suspects, the crimes for which the warrants are issued, and the modes of liability as established by the Chamber.

Dr. Sang Won Park elected as the 20th president of the Korean American Association of New York, US

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Dr. Sang Won Park elected as the 20th president of the Korean American Association of New York, US

Diplomat Times(New York)- On the 14th of March, 2023 Dr. Sang Won Park elected as the 20th president (The Chairman of the Board) of the Korean American Association of New York, US.

Dr. Sang Wan Park is a very settled person. Dr. Park is also the current President of World Korean Foundation and Chancellor of St. Mission University. He started his career from South Korea and took his business to America.


For More US News | 

Today he is a well-known name in America and South Korea. Along with the business, he is also a social activist who gives his valuable contribution in social work. For these works, he has also received the Lifetime Achievement Award like US President Joe Biden.

North Korea says it launched ICBM to warn US, South Korea over drills

North Korea says it launched ICBM to warn US, South Korea over drills

North Korea said that Thursday’s launch was its largest Hwasong-17 intercontinental ballistic missile (ICBM), fired during a drill to demonstrate a “tough response posture” to ongoing U.S.-South Korea military drills, state media reported.

Diplomat Times (Seoul)– North Korea’s Thursday missile launch was a drill to demonstrate a tough response posture to the ongoing US-South Korea military drills.

According to the state media reports, North Korea said the launch was its largest Hwasong-17 intercontinental ballistic missile (ICBM) fired during the drill.

North Korea fired the ICBM into the sea between the Korean peninsula and Japan on Thursday, hours before South Korea’s president flew to Tokyo for a summit that discussed ways to counter the nuclear-armed North.

The North’s ballistic missiles are banned under United Nations Security Council resolutions and the launch drew condemnation from governments in Seoul, Washington and Tokyo.


JOINT DRILLS BY SOUTH KOREA AND US

On Monday, South Korean and American forces began 11 days of joint drills, dubbed “Freedom Shield 23”, which were held on a scale not seen since 2017 to counter the North’s growing threats.

Kim accused the United States and South Korea of increasing tensions over military drills.

FOR MORE | Will NATO Secretary’s Visit to South Korea be able to put pressure on North Korea


He “stressed the need to strike fear into the enemies, really deter war and reliably guarantee the peaceful life of our people and their struggle for socialist construction by irreversibly bolstering the nuclear war deterrent,” KCNA reported.

China, which has a defense pact with North Korea, also blamed the United States for the current tensions, saying they are caused by Washington’s efforts to increase pressure on Pyongyang.

The Hwasong-17 is North Korea’s biggest missile yet and is the largest road-mobile, liquid-fueled ICBM in the world.

It is believed to have the range to potentially deliver a nuclear warhead to targets anywhere in the United States.

The missile was launched from Pyongyang’s airport, and KCNA said it traveled up to a maximum altitude of 6,045 km (3,756 mi) and flew a distance of 1,000 km (621 mi) for just over 69 minutes, before falling into the open sea. The launch did not pose a safety threat to any neighboring countries, the report said.

 

Source : Reuters

Jubilation as ‘pride of Malaysia’ Michelle Yeoh wins first Oscar

Jubilation as ‘pride of Malaysia’ Michelle Yeoh wins first Oscar

Diplomat Times(Kuala Lumpur)- Family and friends of Malaysia’s Michelle Yeoh responded with screams, jubilation and pride on Monday at her winning the Academy Award for best lead actress, Asia’s first ever winner in the category.

There were ecstatic roars and fist-pumps as her triumph was announced at an Oscars viewing party in Malaysia’s capital Kuala Lumpur, with all eyes on her surprised and delighted mother, Janet Yeoh.

“She’s a very hardworking girl, you know. Everybody knows it,” she told a news conference afterwards, in front of a poster of her daughter that said “Pride of Malaysia”.

The actress’s niece, Vicki Yeoh, looked equally stunned as the announcement was made, clutching her face and letting out a huge scream as the tears welled up.

“Jaw dropping moment … I was speechless I cried, it happened so quickly and we are so happy that she won, that our auntie won,” she said.


FOR MORE | ENTERTAINMENT NEWS

Yeoh, 60, won the award for her portrayal of a Chinese American laundromat owner Evelyn Wang, dealing with family turmoil in the science-fiction kung fu comedy “Everything Everywhere All at Once”.

It was Yeoh’s first Oscar nomination and she had been widely regarded as the front-runner.

Yeoh made her Hollywood breakthrough when she was cast as the first ethnic Chinese Bond girl in 1997’s “Tomorrow Never Dies” opposite Pierce Brosnan. She has also starred in martial arts movie “Crouching Tiger Hidden Dragon,” the 2005 period drama “Memoirs of a Geisha” and the 2018 romantic comedy “Crazy Rich Asians”.

Malaysian Prime Minister Anwar Ibrahim lauded Yeoh’s success and said her career was illustrious and exemplary and would continue to inspire Malaysians.

“In creating history by being not just the first Malaysian but the very first Asian actress to win in this category, we take enormous pride in her achievement, adding to a long list of successes and capping a critically acclaimed acting career spanning decades,” Anwar said in a statement on his Facebook page.

Family friend Derrick Lee described her as an inspiration.

“The efforts that she put in for this film is extraordinary,” he said at the party.

(Reporting by Ebrahim Harris; Writing by Martin Petty; Editing by Robert Birsel)

Silicon Valley Bank shut down, largest failure since 2008 crisis

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Silicon Valley Bank shut down, largest failure since 2008 crisis

Diplomat Times(New York)- Startup-focused lender SVB Financial Group (SIVB.O) became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded.

The U.S. rushed to seize the assets of Silicon Valley Bank on Friday after a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago.

Silicon Valley, the nation’s 16th largest, failed after depositors – mostly technology workers and venture capital-backed companies – began withdrawing their money as anxiety about the bank’s situation spread this week.

Silicon Valley was heavily exposed to tech industry and there is little chance of contagion in the banking sector similar to the chaos in the months leading up to the Great Recession more than a decade ago. Major banks have sufficient capital to avoid a similar situation, though the sector has been under pressure all week.

Bloomberg reported, that Becker sold $3.6 million of company stock under a trading plan on 27 February. The last month’s sale of 12,451 shares was the first time in more than a year that Becker had sold shares in parent company SVB Financial Group, according to regulatory filings. He filed the plan that allowed him to sell the shares on 26 January.

Greg Becker CEO/SVB sent a message to its employees acknowledging the “incredibly difficult” 48 hours leading up to its collapse on Friday, Reuters reported.


FOR MORE | US President Biden nominates former MasterCard CEO Ajay Banga to lead World Bank

Silicon Valley’s failure came with incredible speed, with some industry analysts on Friday suggesting it was a good company and still likely a wise investment. Silicon Valley executives were looking to raise capital early Friday or find additional investors in the company. But trading in its shares had been halted before the opening bell due to extreme volatility.

The bank had $209 billion in assets and $175.4 billion in deposits at the time of failure, the FDIC said in a statement. It was unclear how much of deposits was above the $250,000 insurance limit at the moment, but previous regulatory reports showed that much of Silicon Valley Bank’s deposits were above that limit.

The FDIC said deposits below the $250,000 limit would be available Monday morning.

Who is the owner of Silicon Valley Bank 

Greg Becker is president and CEO of SVB Financial Group.
The options exercise paired with the stock sale meant that Becker’s stock ownership in SVB remained unchanged. Both transactions were made through a trust that he controls, using a trading plan that he had set up on Jan. 26, according to the filing.

Under Greg’s leadership, SVB has achieved considerable growth. SVB joined the S&P 500 in 2018 and has been named one of the best banks in America, one of the fastest growing public companies in the US, and one of the best places to work.

SVB has been included in the Bloomberg Gender-Equality Index for the last five years and is consistently among the Top Corporate Philanthropists in its headquarters’ region. Working with employees, clients, and partners, Greg has also prioritized investments and initiatives to increase diversity and inclusion at SVB and across the innovation ecosystem, foster economic development and support community well-being.

Greg Becker live in California , His wife name Julie Backer. He has married to Julie for over 20 year.

Greg Becker CEO/SVB sent a message to its employees acknowledging the “incredibly difficult” 48 hours leading up to its collapse on Friday, Reuters reported.

Source : Reuters/Bloomberg

 

PM Modi, Australian counterpart Anthony Albanese resolve to work together to combat terrorism

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PM Modi, Australian counterpart Anthony Albanese resolve to work together to combat terrorism

Diplomat Times (New Delhi)- Prime Minister Narendra Modi and his Australian counterpart Anthony Albanese on Friday vowed to work closely to take concerted action against globally proscribed terrorist entities and to contribute to the common fight against terrorism, including through combating terror financing.

The Prime Ministers reiterated support for bilateral nuclear cooperation and commitment to further strengthening global non-proliferation objectives.

Prime Minister Albanese congratulated India on assuming the chairmanship of the Wassenaar Arrangement and reiterated Australia’s strong support for India’s membership of the Nuclear Suppliers Group and appreciation for India’s participation in the Australia Group as its most recent member. Prime Minister Albanese provided Prime Minister Modi with an update on the development of the Australia-UK-US (AUKUS) partnership.


FOR MORE | INDIA – AUSTRALIA NEWS 

Prime Minister Albanese also reaffirmed Australia’s commitment to not develop nuclear weapons and uphold the highest standards of non-proliferation.

The Prime Ministers expressed satisfaction at the progress of bilateral engagements and affirmed their commitment to further deepen and strengthen the Comprehensive Strategic Partnership for mutual benefit as well as for the peace and prosperity of the Indo-Pacific.

Prime Minister Albanese thanked Prime Minister Modi for the warmth and hospitality extended to him and to the members of his delegation during his State Visit to India and extended an invitation to Prime Minister Modi to visit Australia.

The Prime Ministers agreed that, as a practical step, India and Australia may continue to explore conduct of aircraft deployments from each other’s territories to build operational familiarity and enhance maritime domain awareness.

In recognition of India and Australia’s robust maritime partnership, the Prime Ministers welcomed that Australia would host Exercise MALABAR in 2023 for the first time. The Prime Ministers agreed this would bolster interoperability between participating navies.

Source : PTI / GOV.AUS

Kenya Diplomat to Malaysia Francis Ndegwa meets with Malaysian businessmen

Kenya Diplomat to Malaysia Francis Ndegwa meets with Malaysian businessmen

Diplomat Times (Kuala Lumpur)- In Sub-Saharan Africa, Kenya is a key trading partner of Malaysia as and there is significant potential for the two countries to expand bilateral trade and investments.
There are immense opportunities for both countries in agro-processing value addition, manufacturing, ICT, tourism as well as cooperation in the field of sports. Kenya is renowned for producing world-class runners.

Kenya’s High Commissioner to Malaysia Francis Ndegwa Muhoro said the country is one of the best investment destinations globally being an economic, commercial and logistical hub in Eastern and Central Africa Region.

Nairobi and Kuala Lumpur established diplomatic relations in 1965. Kenya established its resident mission in 1996, while Malaysia established its resident High Commission in Nairobi in 2005.

Speaking on bilateral trade between Kenya and Malaysia, the High Commissioner said the growth was very positive as it increased by 81 per cent in 2021.

In pursuit of the economic pillar of Kenya’s Foreign Policy, the High Commission has been facilitating linkages between potential investors in Malaysia and key industry players in Kenya.


MORE ABOUT MALAYSIA | Flooding Malaysia forces 40,000 people to flee homes, 10 districts in Johor have been hit by flooding

Speaking on bilateral trade between Kenya and Malaysia, Muhoro said both countries are pursuing a reinvigorated engagement in many areas of cooperation aimed at strengthening the bilateral and trade relations of the two sister nations.
“There are an increased number of Malaysian companies and businessmen who have expressed immense interest in setting up businesses in Kenya. Kenya is looking to diversify its market base for its export.
“For instance, in 2021 Kenya was ranked Malaysia’s 4th largest trading partner in Africa. The growth was very positive as it increased by 81 per cent in 2021.”

Muhoro said in August this last year, a team from Malaysia visited Kenya to carry out a pest risk analysis on avocados.
We are also working on bringing Kenyan livestock and meat products to Malaysia. Talks on this are at an advanced stage as part of our trade facilitation efforts.


Muhoro said there are also ongoing investment proposals between Kenya and Malaysia, among others in the areas of health, renewable energy, fertilizer and agrochemicals, telecommunication and fiber optic.

Muhoro also pointed out that Kenya and Malaysia have a high potential to enhance cooperation in Information and Communications Technology (ICT), renewable energy, blue economy and environmental protection.

“Therefore, I urge the Malaysian business community to take advantage of the investment-friendly government policies, inexpensive but educated labour force, well-developed infrastructure and emerging high technology and digital platforms.”

It is worth mentioning that there will be an outbound Kenya-Malaysia Trade Mission in Nairobi starting from the 13th – 17th March 2023.

He also stressed that Kenya enjoys political stability and a favorable investment environment which is supported by the Constitution which protects private property and provides safeguards against the expropriation of such property without compensation.

United Nations House opened in Qatar

United Nations House opened in Qatar

Diplomat Times (Doha)- While affirming Qatar’s commitment to the United Nations and its support for the efforts to maintain international peace and security, Qatar on Saturday witnessed the opening of United Nations House at Lusail in the presence of HE the Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman al-Thani and UN Secretary General António Guterres.

The House will function as a platform for all UN agencies to work more closely with Qatar while facilitating increased cooperation between the country and UN agencies.

The United Nations House will host UN offices that cover the countries of the region while promoting development and consolidating human rights.

In 2018, an agreement was signed by Qatar and the UN regarding the establishment of the UN House in Qatar. HE the Foreign Minister, while addressing the gathering, said the United Nations House makes Doha a place and a platform for dialogue and a positive step for cooperation between Qatar and the UN.

“We look forward to the United Nations House being a successful model for laying the foundation for action and dialogue,” he said, adding that Qatar’s goal will remain for Doha to be a center for multilateral action and a platform for dialogue.

The house coordinates regional functions of International Organization for Migration (IOM), International Labor Organization (ILO), United Nations Education, Sciences and Culture Organization (UNESCO), Office of the
High Commissioner for Human Rights (OHCHR), Office of the United Nations High Commissioner for Refugees (UNHCR), United Nations International Children’s Emergency Fund (UNICEF), Office of the Special Representative of the UN Secretary-General for Children and Armed Conflict (SRSG CAAC), United Nations Office of Counter Terrorism (UNOTC), United Nations Development Programme (UNDP) and World Health Organization (WHO).


FOR MORE UN NEWS

Through their projects and initiatives, these offices will empower, develop and enhance the capabilities of the region through training opportunities, projects and seminars while providing expertise and technical assistance in their fields of specialization.

The UN Secretary General noted that the house will work as a center that coordinates UN functions in Qatar and beyond while strengthening the agency’s works and diplomacy in the region. “These challenges cry out for collaboration on a global scale.

They demand that all countries stand in solidarity to find solutions. This spirit of collaboration and solidarity has defined the UN’s partnership with Qatar from the very start,” he said.

He hailed Qatar’s generosity to assist the most vulnerable and valuable contribution to the work of the UN fighting terrorism and violent extremism.

“With the Doha Programme of Action, this city is now synonymous with a roadmap for the world to deliver progress and results for the hundreds of millions of people who call Least Developed Countries home,” he said.