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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Samsung entangled in legal risks amid calls for drastic reform
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Opposition chief acquitted of instigating perjury
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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
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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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[Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
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Birdseye’s story of a foodie’s passion
Every generation has its own foodies. Clarence Birdseye, born in Brooklyn in 1886 and remembered as the father of frozen food, was one of the leading foodies of his generation.He loved food, talked about it constantly and mentioned what he was eating in almost every letter he wrote. In a 1915 letter to his family from Labrador, where he was a fur trader, Birdseye wrote: “Every letter has to begin with something about food. These are the two items of principal interest today,” and proceeded to de
June 17, 2012
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[Meghan Daum] Speaking down to all Americans from Congress
Lest you think the bullying and foot-stomping of Congress most resemble a tantrum-prone bunch of second-graders, think again. Data compiled by the Sunlight Foundation, a nonpartisan group focused on greater transparency in Washington, has shown that today’s congressional “dialogue” is actually on a par with a 10th-grader’s verbal prowess.By running our representatives’ speeches through what’s called the Flesch-Kincaid readability test, which associates longer sentences and more complex words wit
June 17, 2012
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[George Soros] Eurozone needs banking union to stem crisis
NEW YORK ― It is now clear that the main cause of the euro crisis is the member states’ surrender of their right to print money to the European Central Bank. They did not understand just what that surrender entailed ― and neither did the European authorities.When the euro was introduced, regulators allowed banks to buy unlimited amounts of government bonds without setting aside any equity capital, and the ECB discounted all eurozone government bonds on equal terms. Commercial banks found it adva
June 17, 2012
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[Volker Perthes] When democratic powers collide
BERLIN ― The multipolar nature of today’s international system will again be on display at the upcoming G20 summit in Los Cabos, Mexico. Global problems are no longer solved, crises managed, or global rules defined, let alone implemented, the old-fashioned way, by a few, mostly Western, powers. Incipient great and middle powers, such as India, Brazil, Indonesia, South Korea, Turkey, and South Africa, also demand their say.Some of these powers are still emerging economies. Politically, however, m
June 15, 2012
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India’s cold shoulder to U.S. courtship
There’s a party in the Asia Pacific, and the United States wants India to be its date. As U.S. foreign policy “pivots” away from the Middle East and Europe and toward Asia, U.S. officials are doing everything they can to cozy up to the nation that Mark Twain once called “the cradle of the human race.”America’s courtship ― a bipartisan effort ― has included the great-power equivalent of sending flowers (civil nuclear technology under George W. Bush), chocolates (more than $8 billion in U.S. arms
June 15, 2012
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Keeping calm as two giant neighbors embrace
Even if there exists residual distrust between China and Russia as a legacy of Mao Zedong’s split with Nikita Khrushchev, the two nations have much to gain from strategic cooperation. The Shanghai Cooperation Organization, of which Russia is a founder member, is one platform for collaboration on the Asian land mass ― an economic and security linkage that is not only natural but also progressive.Russian President Vladimir Putin was his usual blunt self, ahead of his state visit to China last week
June 15, 2012
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Ethnic, sectarian unrest escalates in Myanmar
The escalation of ethnic and sectarian violence in Myanmar has not only raised questions about the future of the democratic reforms in the country but also highlighted the plight of the country’s Muslim minority.The unrest in Myanmar’s Rakhine state erupted last week when around 300 Arakan Buddhists allegedly attacked a bus in which Muslims were traveling, killing 10 passengers apparently in retaliation for the rape and killing of an Arakan girl allegedly by three Rohingya suspects. The ensuing
June 15, 2012
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The unfortunate reality of Taiwanese politics
As the U.S. beef issue was scheduled to go through the Legislature for voting , tensions have risen between the ruling Kuomintang (KMT) and the opposition Democratic Progressive Party (DPP). The ruling Kuomintang (KMT) has instructed its party legislators to vote unanimously on the passing of the U.S. beef-related amendment draft to the Act Governing Food Sanitation or face party disciplinary measures, which includes at least a fine of $1,000, the KMT party caucus announced on June 7.Meanwhile,
June 15, 2012
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[Andrew Sheng] Taking care of the old is this generation’s responsibility
Oscar Wilde used to say that the tragedy of old age is not that one is old, but that one is young. I belong to the baby boomer generation, born from 1946 to 1965 that helped to create an era of incredible economic prosperity and technology, and also responsible for the biggest financial bubble, as well as consumers of planetary resources at a rate that will leave future generations poorer. Many of us feel that before we go to the other side, we must do something to give back to society what we w
June 15, 2012
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[Ban Ki-moon] A global movement for change
Next week, world leaders gather for a momentous occasion ― the United Nations Conference on Sustainable Development in Rio de Janeiro. Will it be a success? In my opinion, yes. To be sure, the negotiations have been lengthy. Even now there is more disagreement than agreement on the details of the so-called “outcome document” that will emerge. Yet that will not be the defining measure. Far more important is what the Rio conference has already accomplished. And that is to build a global movement f
June 14, 2012
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Getting America’s financial house in order
Federal Reserve Chairman Ben S. Bernanke implored lawmakers last week to keep the federal government from driving off a “fiscal cliff” ― a phrase he coined earlier this year to describe the hefty spending cuts and tax increases scheduled to take effect simultaneously in January. But he was talking to the wrong audience. The two men he should have been lobbying are the ones running for president.Bernanke’s remarks came amid a global economic slowdown, with Europe, Asia and China in varying degree
June 14, 2012
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[Jeffrey D. Sachs] Support aid for health care as it saves lives
NEW YORK ― The critics of foreign aid are wrong. A growing flood of data shows that death rates in many poor countries are falling sharply, and that aid-supported programs for health-care delivery have played a key role. Aid works; it saves lives.One of the newest studies, by Gabriel Demombynes and Sofia Trommlerova, shows that Kenya’s infant mortality (deaths under the age of one year) has plummeted in recent years, and attributes a significant part of the gain to the massive uptake of anti-mal
June 14, 2012
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Save Europe’s marriage with a trial separation
The euro is not a fundamentally bad idea. It just needs a timeout while some critical kinks are worked out. Europe is at least two economies: a northern tier we might call Hanseatica and a southern one we will call Mediterranea. The Hanseatic economy is primarily commercial and industrial, and relies on exports. The Mediterranean economy remains more pastoral and agricultural, and relies on debt for its purchases of manufactured goods from the north. The divide, rooted in topography, climate and
June 14, 2012
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[Mark Buchanan] What traders’ testosterone tells us about markets
An unusual study of traders’ spit may offer a taste of the future in how we understand what drives markets ― and why they aren’t as stable and efficient as we might hope. Several years ago, two neuroscientists undertook an experiment on the trading floor of a major investment bank in London. Over eight consecutive business days, at both 11 a.m. and 4 p.m., John Coates and Joe Herbert took samples of saliva from the mouths of 17 traders. With these samples, taken before and after the bulk of the
June 14, 2012
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Germany, not Greece, should exit the euro
All the debate about the pros and cons of a Greek exit from the euro area is missing the point: A German exit might be better for all concerned. Unless Europe’s leaders take some kind of radical action, such as adopting and executing some of the many reform ideas they have floated, the currency union is headed for disintegration. The problems of Greece, Ireland and Portugal have spread to Spain, the fourth-largest economy in the euro area. Italy is probably next. The other members of the currenc
June 13, 2012
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[David Ignatius] Obama’s friend in Ankara
ISTANBUL ― As President Barack Obama was feeling his way in foreign policy during his first months in office, he decided to cultivate a friendship with Turkey’s headstrong prime minister, Recep Tayyip Erdogan. Over the past year, this investment in Turkey has begun to pay some big dividends ― anchoring U.S. policy in a region that sometimes seems adrift. Erdogan’s clout was on display this week as he hosted a meeting here of the World Economic Forum that celebrated the stability of the “Turkish
June 13, 2012
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War in cyberspace and U.S. vulnerability
Reports that the U.S. and Israel have tried repeatedly over the years to derail Iran’s nuclear weapons program by using malicious computer codes to cause machines at the country’s Natanz nuclear facility to malfunction have lifted the veil of secrecy over the war unfolding on the world’s newest battlefield. The elaborately designed and executed series of cyber-attacks reportedly slowed Iran’s progress toward getting a bomb, but they also raise troubling questions about the United States’ own vul
June 13, 2012
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Japan needs efforts, money to stop population decline
Japan has finally entered a period in which the population is decreasing substantially each year.How can the nation deal with this unprecedented situation and maintain social vitality? We need to realize Japan has entered a critical stage.The Health, Labor and Welfare Ministry has released the nation’s vital demographic statistics for 2011. The number of babies born last year hit a postwar low of about 1.05 million, while the number of deaths was about 1.25 million.It was the first time since th
June 13, 2012
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The lesson of Wisconsin: OK for Obama, terrible for unions
Wisconsin Gov. Scott Walker’s victory in Tuesday’s recall election doesn’t mean President Barack Obama is going to lose his reelection bid ― or even that he will lose Wisconsin. But it clearly shows that organized labor is a seriously weakened political force that needs to reinvent itself for its sake and for the nation’s.The vote was widely billed as a preliminary skirmish in the November election between Obama and Republican Mitt Romney, but there is good reason to conclude that its predictive
June 13, 2012
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[Kim Myong-sik] War dead returned to the nation
A U.S. soldier, seemingly traumatized from combat, is being consoled by his Korean comrade with a warm touch of his arm. A statue of this image was dedicated at the Yongsan compound of the U.S. Forces-Korea last week in memory of 135 personnel of the two allies who were killed in the line of duty along the Demilitarized Zone since the 1953 ceasefire.The monument honors 92 members of the USFK and 43 Korean soldiers who were called “KATUSA” or the Korean Augmentation to the U.S. Army. The mixed se
June 13, 2012