Most Popular
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Medical profs at top hospitals suspend surgeries, clinics
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Exports to US reach all-time high, widen gap with China
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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Hopes rise for possible Gaza truce deal
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Ex-pro baseball player who killed debtor appeals sentence
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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S. Korea to issue travel ban on Haiti amid intensifying gang violence
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Leaders of S. Korea, Angola agree to boost economic, trade cooperation
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[Peter Goldmark] Questions for China and the U.S.
Every serious global problem has an important China angle. The Chinese are everywhere, and they’re not going away any time soon.As a matter of fact, the Chinese are firmly convinced that this is “their” century, and that they will displace the United States as global economic leader.The last country with a dominant global economic role that had to face a boisterous, fast-growing upstart was Britai
Feb. 24, 2011
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[Yang Sung-chul] The ‘homo electronicus’ revolution
The two recently fallen dictators in the Middle East, Zine al Abidine Ben Ali, Tunisia’s dictator-president of 23 years, and Hosni Mubarak, Egypt’s autocratic president of 30 years, sternly reminds us that liberty is worth fighting for. A political cataclysm is now reverberating in the region and beyond. Libya’s brutal dictator for 42 years, Moammar Gadhafi, too, is at a tipping point. So is Yemen
Feb. 24, 2011
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[Jens Bastian] Euro gets cold shoulder at ballot box of outrage
The result in Hamburg couldn’t have been more punishing for the Christian Democratic Union and for Chancellor Angela Merkel. The first of seven regional elections in Germany this year left no doubt about where German voters stand on a much larger issue: the euro crisis.The race for mayor of the city-state, the equivalent of the premier in other German states, was won by the candidate from the oppo
Feb. 24, 2011
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[Laurence Kotlikoff] When pretending fails to hide bankruptcy
Our country is bankrupt. It’s not bankrupt in 30 years or five years. It’s bankrupt today.Want proof? Look at President Barack Obama’s 2010 budget. It showed a massive fiscal gap over the next 75 years, the closure of which requires immediate tax increases, spending cuts, or some combination totaling 8 percent of gross domestic product. To put 8 percent of GDP in perspective, this year’s employee
Feb. 24, 2011
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[Robert B. Reich] A strategy to split working Americans
The Republican strategy is to split the vast middle and working class ― pitting unionized workers against non-unionized, public-sector workers against non-public, older workers within sight of Medicare and Social Security against younger workers who don’t believe these programs will be there for them, and the poor against the working middle class.By splitting working America along these lines, Rep
Feb. 24, 2011
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Taking tobacco out of the baseball game
It’s good to see the boys of summer back on the baseball field. It will be even better if more players take the field without a pinch of chewing tobacco tucked under their lower lips.Sure, that puffed-out jaw of Lenny “Nails” Dykstra will live in the memory of every Philadelphia Phillies’ fan who ever watched him tear up the base paths. And ballplayers’ chewing habit goes back more than a century,
Feb. 23, 2011
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Kansai alliance and decentralization in Japan
The expanded Kansai regional alliance, which has the promise of becoming the first such organization to achieve efficient administration beyond prefectural boundaries, is hard at work.In this connection, there is no need to be obsessed with prefectural administrative borders in effect since the Meiji era (1868-1912). Transport conditions and the communications environment have changed drastically
Feb. 23, 2011
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[Li Peilin] On road to balanced society
China has taken giant strides toward economic and social development. This has expedited its transformation from the previous class structure of workers, farmers, cadres and intellectuals to a more complicated one that comprises more classes and groups. To find the best way to handle and coordinate the interests of all classes and groups in today’s changed and pluralistic society and form a vigoro
Feb. 23, 2011
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[Lee Jae-min] Return of the Machu Picchu artifacts
A foreign government suing Yale University? That is an odd combination of opponents in a legal dispute. But that is what is happening in the U.S. federal court in Washington, D.C. In December 2008, the Peruvian government filed a complaint against Yale to reclaim Machu Picchu cultural artifacts from the Peabody Museum of Natural History of Yale University. The artifacts are pottery, textiles and b
Feb. 23, 2011
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[William Pesek] Investors unite: Buy Australian bank debt
Investors of the world, unite and buy Australian bank debt. Why? Moody’s Investors Service suggests you shouldn’t.Really, in our post-U.S.-crisis world, is there a better contrarian indicator? Credit raters missed the Asian crisis, Russia’s default, the tech-stock crash, Enron, the U.S. housing bubble, Wall Street’s collapse and Europe’s meltdown. Now, we’re supposed to care what they think about
Feb. 23, 2011
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[Kevin Hassett] Trump’s run for president requires memory loss
After making a big splash at the Conservative Political Action Conference in Washington this month, Donald Trump was asked if he is considering a run for the presidency.“I’m incredibly tempted,” he responded.If Trump gives in to temptation, his past actions and positions may collectively provide the biggest handicap for a major candidate in the history of presidential politics.If he decides to run
Feb. 23, 2011
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[Joel Brinkley] A temple and a tempest at the border
Across the Middle East and beyond, kings and dictators are quaking in their castles, afraid their people will throw them from power. All except one, that is.In Cambodia, long-time dictator Hun Sen, like his fellow potentates around the world, watched the news and figured out his own strategy. He decided to give a speech and threaten his people.“I would like to tell you that if you want to strike a
Feb. 23, 2011
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Bare minimum arms necessity for Indonesia
The offer of two squadrons of used F-16 jet fighters ― gratis ― from the United States seems too good to be true. With its aging defense weaponry systems in desperate need of upgrading, the Indonesian Military (TNI) signaled last week it had accepted the offer under a U.S. grant. The ball is back in the U.S. court to decide whether to proceed with the deal or not.But wait. Nothing is as free as it
Feb. 22, 2011
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[Abeer Mohammed] Iraqis view Egypt with admiration
BAGHDAD ― Frustrated with high unemployment, poor public services and corruption, Iraqis have been transfixed by media coverage of the uprising in Cairo. But while many are filled with admiration for the Egyptian people’s efforts, most here appear reluctant to follow suit.“I never watched any news on TV, but now I am following it daily,” said Namareq Sultan, 22, a medical student in Baghdad, regar
Feb. 22, 2011
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[Howard Davies] G20 summit and Sarkozy’s moment
LONDON ― A little more than three years ago, just as the financial crisis was getting into full swing, I published a guide to the international system of financial regulation, “Global Financial Regulation: The Essential Guide.” It described an elaborate spider’s web of committees, councils, and agencies with overlapping responsibilities, unrepresentative memberships, and inadequate enforcement pow
Feb. 22, 2011
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[Doyle McManus] Debt and a tough-talking governor
President Obama’s new budget contains no serious proposal for solving two of the biggest fiscal problems facing the federal government: Medicare and Social Security. And though Republican leaders in Congress are happy to take swipes at his proposals, they haven’t come up with a serious plan of their own to fix those popular programs either.But one potential Republican presidential candidate recent
Feb. 22, 2011
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[Albert Hunt] Republican budget cuts at heart of medical research
President Barack Obama’s call for “investments” in education, infrastructure and science and health research is dismissed by most congressional Republicans as a fig leaf for more big-government spending. That underlies the House’s decision Feb. 19 to slash $61 billion from an array of discretionary spending programs in the current fiscal year budget. This may make proponents feel good, yet, as alm
Feb. 22, 2011
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[Kim Seong-kon] Fulbright made the world bright
Perhaps the late U.S. Senator J. William Fulbright would never have known, but he changed my life completely. Had it not been for a Fulbright Scholarship which was awarded to me in 1977, I could not have studied overseas, and consequently, could not have become a professor at Seoul National University. Instead, I may have ended up a high school English teacher and been retired by now, unable to co
Feb. 22, 2011
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GOP lawmakers too deferential to defense
House Republicans are using a bill to fund the government through Sept. 30 as a vehicle to roll back spending on many programs favored by Democrats. But it’s easy for lawmakers to cut spending on someone else’s priorities. The real test of fiscal discipline is the scrutiny they give their own.For Republicans, that means the Defense Department ― by far the largest federal program funded through ann
Feb. 21, 2011
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The end of sound wave for Chinese audience
The Chinese audience will soon bid farewell to radio and TV broadcasts of the BBC and Voice of America in the Chinese language. VOA is the second mainstream Western media to announce plans to end its radio broadcasts in Chinese. Earlier, the BBC World Service decided to cancel a number of foreign-language services, including Chinese. The cut in the major Western media organizations’ Chinese langua
Feb. 21, 2011