Most Popular
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Opposition chief acquitted of instigating perjury
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Seoul city opens emergency care centers
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Jung's paternity reveal exposes where Korea stands on extramarital babies
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[Exclusive] Hyundai Mobis eyes closer ties with BYD
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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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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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Prosecutors seek 5-year prison term for Samsung chief in merger retrial
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UN talks on plastic pollution treaty begin with grim outlook
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Cost of educational zeal more than just money
“Mom, I really want to go to the costume play this weekend, you know I am really, really into it. Until now I hung around just watching the festival but this is my first time ever joining it. I’ve bought everything for that day, a violet wig, pink dress, kill-heels. Mom, can I go? Please...”“No.”Last week when I caught a glimpse of the evening news, I instantly froze on the spot. The anchor told a story about a murder case, which may be something that we are usually immune to, but it hit home in
Dec. 4, 2011
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Bright prospects for Korea-India relations
A recent trip to New Delhi and Kolkata (formerly Calcutta) for a meeting of the executive committee of the World Federation of U.N. Associations served as a reminder to me that India is developing at a breathtaking pace economically, politically, and socially, and is becoming one of the most influential powers in the world. Its economy is growing at more than 7 percent annually; it has an advanced IT sector, a long cultural history and democratic strength. That development has been reflected in
Dec. 4, 2011
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[Naomi Wolf] The American hangover brings survivalist sense of style
NEW YORK ― As turmoil stalks America’s financial markets and protests fill its streets, Americans’ lifestyle choices are evolving in a telling way: once seen by the rest of the world as an exuberant teenager ― the globe’s extrovert, exporter of rock ‘n’ roll and flashy Hollywood movies ― Americans are now becoming decidedly withdrawn, or at least inward-looking. Trends in leisure activities reflect that change: frugality and making do are in; gaudy consumerism is out.This change is due to the fr
Dec. 4, 2011
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U.S. must clean up the foreclosure mess now
About one in every five families with a mortgage in this country is “underwater” ― owing more on the loan than the home is worth. That’s part of a slow rot that is spreading through our economy. (None of which is helped, by the way, by the failure members of the congressional supercommittee to do anything but blame each other for doing nothing.)In the four years since the housing bubble burst, the banks, the Wall Street “packagers,” Fannie Mae and Freddie Mac, and the federal government have don
Dec. 2, 2011
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[David Ignatius] Openness all the world can see
WASHINGTON ― In the early days of the Arab revolutions, it seemed as if a smartphone might be enough to break the power of repressive governments. These little devices could gather crowds, yes, but even more important, their cameras could document the violence that regimes used to suppress their people. The smartphone changed the balance of intimidation. The rulers and their henchmen were suddenly at risk of being prosecuted, like Hosni Mubarak in Egypt, or hunted and killed, like Moammar Gaddaf
Dec. 2, 2011
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U.S. should mend ties with Pakistan
The latest friendly fire incident in Pakistan has plunged the already strained relationship between the United States and Pakistan to a new low. The feud between the United States and Pakistan over the U.S.-led NATO cross-border air strikes that killed at least 24 Pakistani troops on Sunday, should prompt Washington to reflect upon its relationship with Islamabad and its anti-terror strategy in South Asia. While the U.S. has offered its condolences to Pakistan and the families of those killed, t
Dec. 2, 2011
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Big emitters should join a new, post-Kyoto pact
What kind of greenhouse gas emissions rules should be made after the Kyoto Protocol expires at the end of 2012?The 17th Conference of the Parties (COP17) to the United Nations Framework Convention on Climate Change opened in South Africa on Monday.The Kyoto Protocol is a set of international rules that is riddled with defects, as it obliges only advanced nations to cut greenhouse gas emissions. The Japanese government needs to maintain its stance of opposing extension of the protocol.Emerging na
Dec. 2, 2011
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Welfare recipients hit new high in Japan
The health and welfare ministry announced on Nov. 9 that the number of people on welfare receiving livelihood assistance known as seikatsu hogo (literally livelihood protection) reached 2,050,495 nationwide as of July 2011, topping the monthly average record of 2,046,646 marked in fiscal 1951, when Japan was in the midst of postwar social and economic confusion. Behind this is an increase in the number of elderly people and prolonging economic stagnation.Especially worrisome is the fact that the
Dec. 2, 2011
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[Andrew Sheng] More money than God: A guide to hedge funds
In the old days, technical books were read for one’s education, but they are so boring that you would fall asleep. You read novels instead for their drama, romance and excitement. In this fast moving world where daily events are more thrilling than fiction, books like “More Money than God” by Sebastian Mallaby make you want to turn the next page. Written by a former journalist, who today works for the U.S. Council for Foreign Relations, the book has combined blood-and-guts story-telling of the h
Dec. 2, 2011
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Women’s resistance and survival at Auschwitz
On Jan. 24, 1943, 230 French women who had been arrested for resistance activities were put on a train at Compiegne, outside Paris, and sent to Auschwitz. The youngest had just celebrated her 17th birthday; the oldest was 67. They were teachers and seamstresses, students and farmers’ wives; there was a doctor, a dentist and several editors and chemists. They were to be a lesson to other would-be troublemakers.The women were not Jewish, so they were not sent immediately to be gassed. However, the
Dec. 1, 2011
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[Jeffrey D. Sachs] Promoting services without tears
NEW YORK ― A famous claim in economics is that the cost of services (such as health care and education) tends to increase relative to the cost of goods (such as food, oil, and machinery). This seems right: people around the world can barely afford the rising health-care and school-tuition costs they currently face ― costs that seem to increase each year faster than overall inflation. But a sharp decline in the costs of health care, education, and other services is now possible, thanks to the ong
Dec. 1, 2011
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U.S. subsidies stymie wind, solar innovation
This month, the U.S. Department of Commerce launched a formal investigation into complaints, lodged by the U.S. solar-cell manufacturers, that the government of China is funneling loan guarantees, grants and subsidies to its solar-cell companies. Apparently, the Commerce Department is shocked, shocked to learn that a government would subsidize the solar industry. A few days later, the New York Times described a “gold rush” under way in the U.S. as builders of wind and solar farms cash in on gran
Dec. 1, 2011
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NATO strike can’t lead to breach with Pakistan
When NATO aircraft killed 24 Pakistani soldiers in a strike near the Afghan border on Nov. 25, U.S. press reports called it a case of “friendly fire.” That seems the wrong term. It has been some years since the U.S. and Pakistan could be accurately described as friends. The U.S. and Pakistan have a handful of common goals but far more that conflict. The U.S. wants to fight all forces opposed to Afghanistan’s government; Pakistan nurtures remnants of the Haqqani Network and the Afghanistan Taliba
Dec. 1, 2011
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[Robert Shiller] The neuroeconomics revolution
NEW HAVEN ― Economics is at the start of a revolution that is traceable to an unexpected source: medical schools and their research facilities. Neuroscience ― the science of how the brain, that physical organ inside one’s head, really works ― is beginning to change the way we think about how people make decisions. These findings will inevitably change the way we think about how economies function. In short, we are at the dawn of “neuroeconomics.”Efforts to link neuroscience to economics have occ
Dec. 1, 2011
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For better government, don’t kill all the lawyers
Most everyone hates lawyers. So it probably isn’t a surprise that many people hate law professors, too. A recent front-page article in the New York Times, much discussed in legal circles, was the latest salvo in what is now a long line of attacks depicting the legal academy as impractical and unworldly. I think the dislike, though, is a result of law professors being too much in the world. You see, law professors ― and I should disclose here that I am one ― very nearly run the world, or at least
Nov. 30, 2011
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God and man and William F. Buckley
The modern conservative movement began 60 years ago with the publication of a book by a 26-year-old first-time author. Reflecting on that work teaches us something important about the nature and trajectory of modern conservatism, about the energy that propelled the movement and about serious problems with the movement today.The book was “God and Man at Yale.” The author was William F. Buckley Jr.“GAMAY” (as conservatives often call this iconic work) was an attack on the young author’s alma mater
Nov. 30, 2011
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ROK Air Force’s role in limited, localized conflicts
So far, an all-out war launched by North Korea has been the major conflict scenario that all kinds of operational plans by the Republic of Korea and the United States have been based upon. The structure and development of South Korean forces were organized in accordance with this assumption. There has been an implicit agreement that Seoul provides massive ground forces to defend its metropolitan areas, while Washington provides high-tech support from its navy and air force to its labor-intensive
Nov. 30, 2011
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[Michael Boskin] Europe’s last best chance to get out of debt quandary
STANFORD ― The resignations of Greek Prime Minister George Papandreou and Italian Prime Minister Silvio Berlusconi have highlighted how Greece, Italy, and many other countries obscured for too long their bloated public sectors’ long-standing problems with unsustainable social-welfare benefits. Indeed, for many of these countries, meaningful reform has now become unavoidable.The social-insurance systems in Europe, as in the United States, Japan, and elsewhere, were designed under vastly different
Nov. 30, 2011
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Improving the Paris Declaration in Busan
Beginning Nov. 30, dozens of foreign aid donors and recipients will meet in Busan for several days to review the implementation of their 2005 Paris Declaration on Aid Effectiveness. The declaration purports to structure donor-recipient partnerships based on five principles: ownership (recipient countries, not donors, should create and “own” their development plans); alignment (donors should align their aid with those plans); “mutual accountability” between donors and recipients; “managing the ai
Nov. 29, 2011
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[Omar Ashour] Headless revolution in Egypt
CAIRO ― “The man who taught me to sacrifice my heart for Egypt is dead,” said Vivian Magdi, mourning her fiance. Michael Mosad was killed in the Maspiro area on Oct. 9, when an armored vehicle hit him during a protest called to condemn an attack on an Egyptian Church in the southern Aswan region. The protest left 24 dead and more than 200 injured ― a higher toll than that taken by the so-called “Battle of the Camels,” when former President Hosni Mubarak’s security forces and armed thugs attacked
Nov. 29, 2011