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North Korean leader Kim Jong-Un said he was ready for war with the United States as the nuclear-armed nation celebrated its ruling party's 70th birthday Saturday with a spectacular, mass military parade. Tens of thousands of troops, followed by waves of tanks, armoured vehicles and ballistic missiles, goose-stepped their way through Pyongyang's Kim Il-Sung Square in one of the largest ceremonial displays of military muscle the country had ever organised. The cheers were echoed by tens of thousands of flag and flower-waving participants gathered in the square named after Kim's grandfather, over which a large banner slung from a gas-filled balloon read: "Long live the invincible Workers' Party of Korea." North Korean threats to wipe out the US and neighbouring South Korea are common-place, but this was a particularly pointed message of defiance, given in the most public of forums before the cameras of the invited international media.
For economists, who often disagree with one another and get their forecasts wrong, the idea of a Nobel Prize for economics remains controversial after 75 years. This year's winner of the "Prize in Economic Sciences in Memory of Alfred Nobel" will be announced on Monday at 1:00 pm (1100 GMT) at a ceremony in Stockholm that wraps up the 2015 Nobel season. Each year, critics note that Alfred Nobel, the Swedish philanthropist and scientist who founded the other awards, never had the idea to reward economists.