Most Popular
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Jung's paternity reveal exposes where Korea stands on extramarital babies
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Seoul city opens emergency care centers
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Opposition chief acquitted of instigating perjury
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Samsung entangled in legal risks amid calls for drastic reform
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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
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[Exclusive] Hyundai Mobis eyes closer ties with BYD
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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
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Anti-contraception battle a loser on policy
Politically, the great contraception debate appears to have been a wash. Republicans saw their message on religious liberty enveloped by the crude misogyny of radio host Rush Limbaugh. Democrats, anticipating a polling boost from outraged female voters, appear to have experienced nothing of the sort. Instead, in a Bloomberg News poll, three-quarters of respondents, including the majority of women, said the issue has no place in the debate. Politics, however, is not all there is to political deba
March 19, 2012
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Let’s reexamine Jeju naval base project from the start
Your March 9 editorial “No more delay for Jeju base” has said we should not delay the construction of the proposed Jeju naval base any more. But I think it should also have considered whether the base is actually needed and whether there are no problems with this project.As you know, Jeju boasts beautiful nature and an affluent ecosystem. The coast of Gangjeong Village, in particular, is UNESCO-designated biosphere reserves, and a Korean government-designated ecosystem and cultural asset preserv
March 19, 2012
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WTO rare-earths case won’t ensure security
The Cold War had Americans worried about a “missile gap.” Should the rise of China have us nervous about a neodymium gap? It’s a question President Barack Obama is taking seriously, as he showed Tuesday in asking the World Trade Organization to look into China’s manipulation of the global market in so-called rare-earth elements. We wish the U.S. Defense Department would show an equal amount of concern. Neodymium is one of 17 rare-earth metals that have become vital to industrial production and n
March 19, 2012
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Kill the primaries to save American politics
By now, you’ve probably heard of Americans Elect, the political-reform group funded by a collection of Wall Street executives (some of whom remain anonymous) who hope to field a bipartisan presidential ticket in 2012. Americans Elect has been amply, but poorly, covered. The part of its strategy that generates the most attention is also the part that’s most wrongheaded: an effort to nominate a bipartisan superticket to contest for the presidency in 2012. This sort of thing is a perennial fantasy.
March 19, 2012
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[Robert Reich] Productivity gains, smaller pie slice
First, the good news. The economic pie is growing again. Growth in the fourth quarter last year hit 3 percent on an annualized rate. February’s 227,000 net new job marks the third month in a row of job gains well in excess of 200,000.Here’s the bad news. The share of growth going to American workers is at a record low.Although the nation is now producing more goods and services than it did before the slump began in 2007, we’re doing it with 6 million fewer people.Companies have been able to boos
March 19, 2012
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Sarkozy’s cry for help in face of socialist march
French President Nicolas Sarkozy was elected five years ago by promising to modernize France’s societal infrastructure and bring it more into line with America’s: less government reliance, more freedom in life and work. It was a tall order, but his mandate was overwhelming, with a six-percentage-point win over Socialist rival Segolene Royal. Sarkozy was full of vigor and free-market, limited-government ideas imported directly from across the Atlantic.But then something got in the way: France. It
March 18, 2012
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[Joel Brinkley] The screws tighten on Syria’s Assad
Sitting in his sumptuous palace, Syrian President Bashar al-Assad can almost certainly hear the drip, drip, drip, like a leaky faucet, of his life dribbling away.The world is finally closing in on him, and he realizes that to remain alive, or at least a free man, he must continue killing his own people. He knows that the minute he stops and withdraws his forces to their barracks, as almost the entire world is demanding, one of two things will happen: One of the rebel armies will capture and kill
March 18, 2012
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Yes, Mr. Smith, Goldman Sachs is all about making money
Apparently, when Greg Smith arrived at Goldman Sachs Group Inc. almost 12 years ago, the legendary investment firm was something like the Make-A-Wish Foundation ― existing only to bring light and peace and happiness to the world. Smith, who was executive director and head of the firm’s U.S. equity derivatives business in Europe, the Middle East and Africa, does not go into details in his already notorious op-ed article in Wednesday’s New York Times, “Why I Am Leaving Goldman Sachs.” But one imag
March 18, 2012
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Self-reported data blemishes U.S. college rankings
International parents and students considering an undergraduate education in the U.S. frequently consult one or more of the big three ranking publications ― the Shanghai, QS World and Times Higher Education World University rankings reports. Emphasizing research publication productivity and the accompanying reputation, these reports tend to filter out all but the top tier research institutions in any country. With hundreds of high quality yet sub-top tier institutions in the United States, these
March 18, 2012
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To boost U.S. productivity, elect a new Congress
Last week, Harvard Business School hosted a conference in New York to talk about how the U.S. could continue to support “high and rising living standards for Americans” in the face of global competition. It was a lively discussion, leading to many good, if familiar, economic-policy ideas for increasing productivity in the U.S. Unfortunately, this conversation largely ignored the key constraint to many of the policy recommendations: the rise of hyperpolarization in Congress. If business leaders w
March 18, 2012
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[Nouriel Roubini] Scary oil poses risk in global economy
NEW YORK ― Today’s fragile global economy faces many risks: the risk of another flare-up of the eurozone crisis; the risk of a worse-than-expected slowdown in China; and the risk that economic recovery in the United States will fizzle (yet again). But no risk is more serious than that posed by a further spike in oil prices.The price of a barrel of Brent crude, which was well below $100 in 2011, recently peaked at $125. Gasoline prices in the U.S. are approaching $4 a gallon, a damaging threshold
March 18, 2012
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Lessons for NATO from Libya
NATO’s intervention in Libya one year ago helped to avert a humanitarian catastrophe and created the conditions for Libya’s citizens to end Colonel Muammar el-Qaddafi’s dictatorship. The military operation highlighted important improvements in European leadership since the Bosnian debacle in the 1990s, but the conditions underlying the Libya mission’s success cannot be counted upon to exist again in the future. Indeed, NATO’s accomplishment in Libya risks obscuring persistent weaknesses in Europ
March 16, 2012
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Online videos signal shift in accessibility of media
Ever since the popularization of the Internet, people have been forecasting the end of old media such as the printed newspaper. The popular analysis points to the fatal inadequacy of outdated technologies to collect and deliver content as well as to a changed advertisement revenue model that favours online media. The recent rapid successes of two videos, one locally and one globally, however, show that a true digital revolution in the media might stem less from a technological standpoint but fro
March 16, 2012
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Nuclear power must be part of Japan’s future
The effects of the Great East Japan Earthquake and the crisis at Tokyo Electric Power Co.’s Fukushima No. 1 nuclear power plant have made energy policy more important than ever.The government must utilize lessons from the nuclear crisis to improve the safety of nuclear reactors. It is an urgent task for the government to allow resumption of idle reactors after confirming their safety as part of its efforts to avert a power crisis.Prime Minister Yoshihiko Noda declared at a press conference on Su
March 16, 2012
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[Chi Fulin] Better distribution of income
China should work out a comprehensive income distribution reform package as soon as possible to promote sustainable, fairer and more balanced development of its economy and society.The income distribution reform, one that is closely related with China’s overall social reform and development, is already receiving a great deal of attention. Whether or not some breakthroughs will be achieved in this area will produce decisive influences on the country’s consumption-based economic transformation, wh
March 16, 2012
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Time to come up with a Plan C for Afghanistan
President Obama has long been criticized by Republicans for his purportedly inadequate zeal in pursuing the war in Afghanistan. He was criticized sharply from the right for his plan to draw down troops over three years; too fast, they said.So it’s ironic that Obama now finds himself defending that timetable against GOP critics who want to pull out more quickly in the wake of news that a U.S. soldier allegedly massacred at least 16 civilians.“We’re risking the lives of young men and women in a mi
March 16, 2012
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Jakarta’s House of traitors
It is perhaps the loss of public faith in Indonesia’s House of Representatives that explains why the harder it seeks to boost its image, the more it disappoints its constituents. The House has gradually distanced itself from the public for whom it is supposed to fight and defend.The tall fence surrounding the House compound is merely evidence of a gap separating the elites inside and the masses outside to whom they are indebted, as without their votes the political bigwigs would never have accum
March 16, 2012
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[David Ignatius] Rattling Iran’s weak power link
WASHINGTON ― At the end of another week of near-constant talk about war with Iran, here’s one counterintuitive possibility: The Obama administration, in its eagerness to deter an Israeli strike, has committed itself to a pressure campaign that, if pursued vigorously, could eventually lead to regime change in Iran. President Obama’s pledge of escalating economic, political and other pressure on Iran goes to that regime’s weak link. For the mullahs’ greatest vulnerability is their political struct
March 15, 2012
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The double-edged health care debate in U.S.
There’s a seeming paradox in the way Americans view the health care law that President Barack Obamaand the Democrats passed two years ago this month.Most people tell pollsters they like the parts of the law that have gone into effect: health insurance for people with pre-existing conditions, a clause that allows children to stay on their parents’ health plans until the age of 26 and discounts for prescription drugs on Medicare. And, as time goes by, Americans seem less worried that the law will
March 15, 2012
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Iceland’s big trial is a travesty of justice
Everybody is polite and formal at the trial of former Icelandic Prime Minister Geir H. Haarde, which began last week inside a historic mansion in the capital, Reykjavik. Yet the atmosphere is tense, and the stakes are high. In the fall of 2010, a narrow majority in Iceland’s parliament decided to charge Haarde with criminal negligence before and during the collapse of all three major Icelandic banks in early October 2008. The trial is politically driven ― the vote to hold it fell largely along p
March 15, 2012