Most Popular
-
1
Ador claims exclusive contracts with NewJeans still valid
-
2
Heavy, wet snow to fall more often this winter
-
3
SNU professors join growing movement calling for Yoon's resignation
-
4
Presidential office criticizes opposition-led state auditor, prosecutor impeachment motions
-
5
N. Korea launches 32nd wave of trash balloons, anti-S. Korea leaflets
-
6
‘NewJeans are no longer under Ador,’ says legal expert
-
7
[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea
-
8
NewJeans leave for Japan shows day after unilaterally terminating contract with Ador
-
9
Will Min Hee-jin reunite with NewJeans?
-
10
Son Heung-min scores penalty in Europa League draw vs. Roma
-
The end of the email
AUSTIN, Texas ― “You’ve got mail.”There was a time, say about 1998 when the hit romantic comedy of the same name made its debut, that the phrase was cute. Email was a fast, special way to be connected. AOL’s ringy-dingy reminder was charming. Then email stopped being cute and special because everyone had it. Then it stopped being charming because it never stopped. Now we find ourselves stuck with the most ironic of unintended consequences of the once efficient email: Its vast inefficiency.The em
Aug. 5, 2012
-
[Robert J. Shiller] Social contagion is not the fault of the free market
A speculative bubble is a social epidemic whose contagion is mediated by price movements. News of price increase enriches the early investors, creating word-of-mouth stories about their successes, which stir envy and interest. The excitement then lures more and more people into the market, which causes prices to increase further, attracting yet more people and fueling “new era” stories, and so on, in successive feedback loops as the bubble grows. After the bubble bursts, the same contagion fuels
Aug. 5, 2012
-
England’s iron stomach for nonsense, ineptitude
Mitt Romney and I are competing in a new Olympic event that involves proffering unvarnished criticism of the Olympics themselves. We’re the Lochte and Phelps of this event ― appearing united when necessary and when it serves us both, and appearing divided when Mitt says something really stupid.Last week, I blamed cronyism for the awarding of the sole-source security contract for the entire Olympic Games to a company that failed to deliver, requiring the British military to step in at the last mi
Aug. 3, 2012
-
[Tony Blair] ‘All the choices ugly’ for Europe
LONDON ― I do not envy the current European leaders their task. Over the past 60 years, Europe has developed into the largest political union and biggest economic market the world has seen. To keep it is a huge responsibility. So I write with deep humility and respect for those called on to discharge that responsibility.This crisis is existential for Europe. The design flaw of the euro is now manifest. It was a project entirely right in principle ― to combine a single market with a single curren
Aug. 3, 2012
-
Interdependency needed for thriving aged society
Thanks to the Year of the Dragon baby boom, Taiwan will see a respite from the greying of its population. The latest figures from the Council for Economic Planning and Development delay the arrival of zero population growth from the earlier estimation of 2022 to between 2024 and 2027. Taiwan is estimated to officially become an aged society (with 14 percent of population over 65 years old) by 2018, one year later than previously estimated.With one of the lowest birth rates in the world, Taiwan h
Aug. 3, 2012
-
Japan No. 25 in innovation
Japan has fallen to 25th place in a world ranking of innovation ― down five places from 2011 ― according to a study conducted by INSEAD, an international graduate school and research institution concerned with innovation in countries around the world. Japan’s economy, still the third-largest in the world, continues to rest on past achievements rather than advancing toward a better future.While Japan ranked relatively highly in some sections of the study, Japan’s knowledge and technology output c
Aug. 3, 2012
-
Help e-books spread to promote printed word
Market activity to promote the use of electronic books is picking up this summer. Efforts should be made to improve the environment for the spread of e-books so it can lead to further development of the culture of the printed word.Rakuten, Inc. a leading online shopping service, has begun marketing a low-cost electronic reader. U.S. online retailer Amazon.com, the largest operator in the market, will soon launch digital readers that can display Japanese. Meanwhile, more publishers are moving the
Aug. 3, 2012
-
[William Choong] Quiet talks for South China sea
A respected British academic once took note of an ASEAN trait in the face of Chinese assertiveness ― it tended to back off.Operating on the principle that “discretion was the better part of valor,” the ASEAN way was to go silent rather than upset Beijing, Gerald Segal observed.Segal could well have been referring to ASEAN’s recent embarrassing failure to issue a joint communique after stumbling over how to deal with the South China Sea maritime disputes.But he was not. He was writing in 1996 abo
Aug. 3, 2012
-
Obama, Romney should say more about housing
For an economy that’s growing at an anemic rate of 1.5 percent, you would think there would be more discussion of the U.S. housing market on the campaign trail. The sector has powered past recoveries and is responsible for as much as one-fifth of gross domestic product. Yet President Barack Obama has made little more than a passing reference to housing in his campaign, calling it a drag on the economy and recommending an expanded mortgage-refinancing program. Presumptive Republican nominee Mitt
Aug. 2, 2012
-
[David Ignatius] Good intentions gone awry
WASHINGTON ― The first question to ask about the draconian anti-leaking legislation passed by the Senate intelligence committee last week is whether it applies uniformly to all branches of government that may disclose classified information unlawfully. And the answer is: Of course not. Members of Congress and their staffs are entirely exempted from the new rules that may require for others more polygraphs, more paperwork, and possible loss of pension benefits. White House and other executive bra
Aug. 2, 2012
-
For a stronger private sector
Premier Wen Jiabao’s call to open up the economy further to private investors is a reminder that we have a lot more to do to provide a level playing field for the private sector. Wen urged the country during Monday’s executive meeting of the State Council to fully implement the policies encouraging the private sector’s growth. Admittedly, the government has been increasingly aware of the importance of the private sector and has devised a series of policies to facilitate the growth of private ent
Aug. 2, 2012
-
Kim Jong-un is coming of age. What’s next?
The power succession in North Korea has reached its culminating point. Kim Jong-il, who died seven months ago, left his youngest son, Kim Jong-un, as the successor but appointed a number of high-ranking officials to mentor him and help ensure a smooth transition. Now the training wheels are being removed and the young Kim is about to show the world who he really is and what he is capable of.After six months of training in the driver’s seat, Kim Jong-un has decided that he is mature enough to rul
Aug. 2, 2012
-
Adoption agency offers family search services
On June 29, one year ago, the National Assembly passed the revision of the Special Adoption Law, which gave more rights to adoptees, better protection to birth mothers, and greater protection of children’s rights. The law will enter into full force on Aug. 5.What changes are taking effect next week? It is not possible to give a definitive because the Ministry of Health and Welfare is still finalizing the decree and ordinance for the law application. However, from the draft published in March, it
Aug. 2, 2012
-
[Eli Park Sorensen] Yearning for conspiracy theories
“Everyone loves a conspiracy,” says symbology professor Robert Langdon, the main character in Dan Brown’s mega-bestseller “The Da Vinci Code” (2003). The novel develops a wild conspiracy theory about what is allegedly the “greatest cover-up in history”; that Jesus married a woman named Mary Magdalene who subsequently escaped to southern France carrying his child. The Catholic Church decided to repress this story for political reasons, thus denying Mary Magdalene ― the embodiment of the “sacred f
Aug. 2, 2012
-
A Berlusconi comeback is last thing Italy needs
Until recently, it was hard to imagine that Silvio Berlusconi, Italy’s scandal-prone former prime minister, might attempt another comeback. Now, sadly for Italy and Europe, he might. Italy’s prospects are troubled enough without the turmoil that a resurgence of the billionaire media mogul would stir. Berlusconi, 75, was out of favor when he left office in November, and his career in politics looked over. A busy retirement ― including defending himself on a charge of paying a minor for sex, which
Aug. 1, 2012
-
[Yuriko Koike] South Korea’s budding ‘femocracy’
TOKYO ― This is a year of presidential elections worldwide, and the last to take place ― on Dec. 19 ― will be in South Korea. That ballot, however, is already having an international impact, in part because South Korea’s failure to ratify an important new intelligence-sharing treaty with Japan is widely seen as a result of campaign politics. But the election may well have a more positive impact on the region as a whole.On July 10, the frontrunner, Park Geun-hye of the ruling Saenuri (New Frontie
Aug. 1, 2012
-
The great game has started in Asia-Pacific
While Mao Zedong was the founder of communist China, Deng Xiaoping was the architect of its economic miracle and great power resurgence. Even as China was going through spectacular economic growth during the 1980s and 1990s, Deng cautioned the country’s leaders to “bide your time and hide your capabilities.” The first part of his advice was spot on as China was navigating the difficult task of building and modernizing in an international environment not entirely favorable to the country. By conc
Aug. 1, 2012
-
Extreme weather events reflect climate change
NEW YORK ― For years, climate scientists have been warning the world that the heavy use of fossil fuels (coal, oil, and natural gas) threatens the world with human-induced climate change. The rising atmospheric concentration of carbon dioxide, a byproduct of burning fossil fuels, would warm the planet and change rainfall and storm patterns and raise sea levels. Now those changes are hitting in every direction, even as powerful corporate lobbies and media propagandists like Rupert Murdoch try to
Aug. 1, 2012
-
[Andrew Sheng] The long hot summer and markets’ ability to adapt
The summer heat wave in the U.S. Corn Belt is going to hit grain production and has already raised food prices. So far, such price increases have yet not translated into global inflation, thanks to better food crop production in other parts of the world. Commodity traders today use satellite maps to track global crop production and weather conditions in order to predict commodity prices. In 1878, English economist William Stanley Jevons (1835-82) even suggested that economic cycles are related t
Aug. 1, 2012
-
Lack of ideas in Congress worse than in farm belt
The worst drought in more than a half-century is gripping most of the U.S. Midwest and South, damaging crops and presaging higher food prices. Congress is deadlocked as it tries to pass a new farm bill, as it does every five years, amid demands for broad emergency assistance for the hardest hit areas. This impasse may be the best thing that one could hope for, considering the flaws in the proposed legislation. Instead of trying to adopt a new bill before its August recess, Congress should approv
July 31, 2012