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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[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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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
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More Afghan cuts, more war
What is the logic behind the Obama administration’s policy toward Afghanistan? On its face, it makes no sense.In 2009, President Obama ordered a major buildup of forces to counter alarming gains by the Taliban and the Haqqani network. The number of U.S. troops in Afghanistan increased from 34,000 when he took office to nearly 100,000 in 2010. To oversee the buildup he sent two top Army generals, Stanley A. McChrystal and then David H. Petraeus, to design and implement a comprehensive counterinsu
March 1, 2012
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In praise of Covin and other war correspondents
Marie Colvin and I covered our first combat together in 1986, after the U.S. bombed Libya. She was 30, pretty, ambitious and talented. She soon had Col. Moammar Gadhafi and his aides in her thrall and parlayed her many scoops for United Press International into a job as a foreign correspondent for the Sunday Times of London.I last saw her a year ago, in Cairo during the revolution. Three decades of bearing witness to war showed in her face: I recognized her only from her black eye patch, which s
March 1, 2012
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[Hans-Werner Sinn] Euro sabbatical for crisis nations
MUNICH ― Under substantial external pressure, the eurozone’s crisis-hit countries are, at long last, bringing themselves to make painful cuts in their government budgets. Salaries are being slashed and public employees sacked to reduce new borrowing to a tolerable level.And yet, competitiveness in Greece and Portugal, in particular, is not improving. The latest Eurostat figures on the evolution of the price index for self-produced goods (GDP deflator) show no tendency whatsoever in the crisis-st
March 1, 2012
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Making digital content pirates go legitimate
It seems cosmically appropriate that gambling house odds are on “The Artist” to win this year’s Academy Award for best picture. The Weinstein Co.’s paean to the end of the silent movie era is an apt metaphor for an industry upended by new technologies. Whether or not “The Artist” gets an Oscar statuette, the film can teach Hollywood an important lesson: Once technical barriers are broken, they can never be rebuilt. The arrival of talkies required the industry to rethink an antiquated business mo
Feb. 29, 2012
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[Michael Brning] Hamas comes in from the cold
GAZA CITY ― In the wake of revolutionary change in the Middle East, the forces of political Islam have scored one electoral victory after another. As the West grapples with the rapid rise of moderate Islamists in Tunisia, Morocco, and Egypt, the issue of Hamas’s role in the Palestinian territories looms large. The signing of a new unity deal between Hamas and Palestinian President Mahmoud Abbas’s secular Fatah party earlier this month has heightened an unprecedented struggle within Hamas over it
Feb. 29, 2012
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Wall Street confesses to bonus culture ills
Imagine if you could hear directly, albeit anonymously, from the normally secretive bankers and traders who manufactured and sold the trillions of dollars in toxic debt securities that pushed the world’s financial system to the brink of disaster in 2008. Would they defend themselves and their actions, or show a degree of remorse for what they caused and have not been held accountable for? Well, you can find the answer to that question in “Conversations With Wall Street,” a compact ― and largely
Feb. 29, 2012
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China-Taiwan tensions could loom over U.S. ‘pivot’ to Asia
Should the U.S. be willing to sacrifice Los Angeles for Taipei? It’s horrendous to contemplate, but it’s the kind of question that underlies a simmering debate over U.S. policy toward Taiwan. As China’s economic and military power grows, and Taiwan’s long-term future remains unclear, that debate deserves a wider airing. The tension, and the stakes, will only increase as the Obama administration undertakes its much-trumpeted “pivot” to Asia. Taiwan didn’t surface as a big issue in Chinese Vice Pr
Feb. 29, 2012
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[Sisonke Msimang] Disease busters bear the brunt of economic crisis
JOHANNESBURG ― The Global Fund to Fight AIDS, Tuberculosis, and Malaria marks its 10th anniversary this year against a backdrop of growing protests against global inequality. World attention has been trained on the Occupy movement, which has challenged the “1 percent” of the global population that exercises disproportionate influence on economic and social policy. But this week, many activists from the developing world ― the greatest beneficiaries of the Global Fund ― will be focused on efforts
Feb. 29, 2012
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[Meghan Daum] Hannah and her father
Perhaps you’ve heard of Tommy Jordan. He’s the North Carolina dad who recently recorded a video of himself reading and responding to a Facebook post composed by his 15-year-old daughter, Hannah, after which he shot her computer nine times with a .45 pistol.Hannah had done what 15-year-olds have been doing since time immemorial: She complained to her friends, in this case in rather foul-mouthed terms, about household chores and the overall lameness of her parents. Her dad, in turn, did what paren
Feb. 28, 2012
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[Kim Seong-kon] Turned into the bandit and the fire fox by marriage
Comparing marriage customs is often a great way to explore cultural variation between different parts of the world. In many Western countries, weddings are a personal celebration of the bride and the groom, joined by parents, relatives and friends. In Korea, a wedding is more like a community celebration, a public matter between two families, rather than a private occasion for the couple.In the United States, therefore, the bride and groom’s guest list is often filled with friends. In Korea, how
Feb. 28, 2012
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Hannah and her father
Perhaps you‘ve heard of Tommy Jordan. He’s the North Carolina dad who recently recorded a video of himself reading and responding to a Facebook post composed by his 15-year-old daughter, Hannah, after which he shot her computer nine times with a .45 pistol.Hannah had done what 15-year-olds have been doing since time immemorial: She complained to her friends, in this case in rather foul-mouthed terms, about household chores and the overall lameness of her parents. Her dad, in turn, did what paren
Feb. 28, 2012
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[Daniel Fiedler] Lawyers as lawyers of no privilege
Recently three new lawyers in South Korea accepted positions with the South Korean government. While this by itself is not remarkable, what is remarkable is that these lawyers accepted positions at a lower entry level than any lawyer had previously accepted. These lawyers will enter at grade six on a scale that starts with grade nine and rises to grade one. Many lawyers were shocked by this as lawyers have always entered into government service at a minimum of grade five; a grade that practicall
Feb. 28, 2012
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Should President Obama be allowed to keep his baton?
Gen. George S. Patton -- that old “Blood and Guts” philosopher himself -- once said, “We herd sheep, we drive cattle, we lead people. Lead me, follow me, or get out of my way.”Most Republicans would love for President Barack Obama to get out of their way. Yes, exit stage left, please.But most black folk would want him to lead for four more years. Try to the tune of 96 percent black voter support in 2008, according to Politico.com.But should they? As we celebrate Black History Month, should black
Feb. 28, 2012
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Greek deal leaves Europe on the road to disaster
If Europe’s new plan for Greece succeeds, nobody will be more surprised than the politicians who designed it. At best, the arrangement is a holding action, one that fails yet again to deal with the much larger confidence crisis facing the euro area. The deal announced on Tuesday starts with private lenders. Their representatives agreed to accept even bigger losses on Greek government bonds than previously discussed. The bonds’ face value will be cut by 53.5 percent, and they’ll pay a low interes
Feb. 27, 2012
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[Dominique Moisi] Sarkozy in need of election miracle
PARIS ― And the next French President will be … the Socialist Party’s candidate Franois Hollande. A month ago, any prediction uttered with such certainty would have sounded imprudent, if not foolish. Uncertainty prevailed. Four candidates dominated the competition, and no one would have dared to predict which two will make it to the second-round run-off. Indeed, the race looked more open than ever in recent memory.Suddenly, something happened ― not an event in itself (though it started with Holl
Feb. 27, 2012
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A vision for Korean financial industry
Korean firms in electronics and shipbuilding industries are the first class in the world, while Korean financial service firms can only dream about becoming JPMorgans and Goldman Sachses someday. What does the future hold for Korean financial services industry? Conventional wisdom says either Hong Kong or Shanghai will become the regional financial capital in the Asia-Pacific century. As unlikely as it was for Samsung back in the 1980s to dominate Sony someday, one may envision an unlikely dark
Feb. 27, 2012
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[Brahma Chellaney] South Asia’s false democratic spring
NEW DELHI ― From the armed coup that recently ousted the Maldives’ first democratically elected president, Mohamed Nasheed, to the Pakistani Supreme Court’s current effort to undermine a toothless but elected government by indicting Prime Minister Yousaf Raza Gilani on contempt charges, South Asia’s democratic advances appear to be shifting into reverse. Nasheed’s forced resignation at gunpoint has made the Maldives the third country in the region, after Nepal and Sri Lanka, where a democratic t
Feb. 27, 2012
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The worse the economy gets, the longer people live
A weak labor market, like the one we’ve experienced since the financial crisis in 2008, imposes enormous stress on people. Given the added anxiety created by a weak economy, you might think life expectancy would decline. Oddly, though, during recessions, exactly the opposite tends to happen: Life expectancy rises. It’s happening again now. The age-adjusted death rate in the U.S. declined by 2 percent from 2007 to 2010, according to preliminary data from the Centers for Disease Control and Preven
Feb. 27, 2012
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Greek deal leaves Europe on the road to disaster
If Europe’s new plan for Greece succeeds, nobody will be more surprised than the politicians who designed it. At best, the arrangement is a holding action, one that fails yet again to deal with the much larger confidence crisis facing the euro area. The deal announced on Tuesday starts with private lenders. Their representatives agreed to accept even bigger losses on Greek government bonds than previously discussed. The bonds’ face value will be cut by 53.5 percent, and they’ll pay a low interes
Feb. 27, 2012
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Maximize fracking potential by solving safety problems
Anything as big and as promising as shale gas is bound to be complicated. This energy source has much to recommend it. To begin with, the U.S. has a lot of it, enough to meet current natural gas consumption for 35 years. The increase in hydraulic fracturing, or fracking, the technique used to tap natural gas from shale, brought down the fuel’s price by 32 percent last year, to less than $3 per million Btu. Expanding the practice ― to New York State, for example, which now has a moratorium on it
Feb. 26, 2012