Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Seoul alerts overseas missions to NK terror threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Islamist victory in Tunisia is a win for democracy
It’s official: The Islamists have won the Arab Spring. And the result was as inevitable as it is promising. Last week’s elections in Tunisia gave more than 41 percent of the vote ― a solid plurality ― to the Islamic democrats of the Ennahdha party. The only secularist group that actively campaigned against the Islamists in the race for seats in the constituent assembly, the Progressive Democratic Party, got an embarrassing 17 seats in the 217-member assembly. On the surface, the Islamists’ succe
Nov. 1, 2011
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Credit-default swap risk bomb is wired to explode
The European sovereign debt crisis stands as the latest in a long line of similar crises. Argentina in 2001. Russia in 1998. Mexico in 1994. The list goes back into history. Debt crises are about as natural as earthquakes, but this time there is something different -- and possibly more dangerous. The European nations are linked in a network of debts, as Bill Marsh recently illustrated in the New York Times with a beautiful piece of graphic art. Greece and Italy are prominent; Ireland, Portugal a
Oct. 31, 2011
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[David Ignatius] The mystery of public figures
WASHINGTON ― The art of modern politics involves creating the illusion of intimacy with our leaders. But two new biographies remind me that even the most famous personalities remain elusive and, in some ways, unknowable. This combination of closeness and distance will be on display in the 2012 presidential election, where I’m guessing the candidates will be Barack Obama and Mitt Romney. These two politicians have worked overtime to seem relaxed and accessible; they make a point of wearing open-n
Oct. 31, 2011
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A French Manifesto to Unite Occupy Wall Street
You’ve got to love the French. The best-selling book on Amazon.com’s French site is “Indignez-vous!,” an exceedingly slim, elegant rumination on the state of the world by Stephane Hessel, a 94-year-old former United Nations diplomat, concentration-camp survivor and hero of the French Resistance. The 32-page book, with about 4 million copies in print in 30 languages -- including a just-published English version titled “Time for Outrage” -- is clearly meant to serve as a timely blueprint for non-v
Oct. 31, 2011
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Obama’s housing rescue plan
The Obama administration has stepped up efforts to help homeowners refinance their mortgages, potentially bringing relief to millions of those who owe more than their homes are worth. It’s an overdue step that should boost consumer spending, even if it may not avert a huge number of foreclosures. The latter problem requires more aggressive and effective loan modifications, which banks and investors have been reluctant to do ― to their own detriment.The collapse of the housing market has left an
Oct. 31, 2011
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‘Single ladies’ not giving up on marriage
Alongside The Atlantic magazine’s November cover story, “All the Single Ladies,” runs a photograph of its 39-year-old author. In a fawn-colored silk dress and up-do, Kate Bolick contemplatively sips champagne as a bridal bouquet flies over her head.Like many of her never-married peers, she’s scrupulously ignoring the traditional toss. Indeed, as the age of first marriage climbs higher, more single wedding-goers are evading the bouquet, having years ago disproved the catch confirms the next bride
Oct. 31, 2011
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[Jeffrey D. Sachs] Self-control in a nation of vidiots
NEW YORK ― The past half-century has been the age of electronic mass media. Television has reshaped society in every corner of the world. Now an explosion of new media devices is joining the TV set: DVDs, computers, game boxes, smart phones, and more. A growing body of evidence suggests that this media proliferation has countless ill effects.The United States led the world into the television age, and the implications can be seen most directly in America’s long love affair with what Harlan Ellis
Oct. 31, 2011
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Yes to the smart-grid bill for accountability
Considering how Illinois lawmakers tend to vote first and ask questions later, it’s good to see the so-called smart-grid bill getting put through the wringer.This legislation would clear the way for Commonwealth Edison and Ameren to make high-tech upgrades in the electricity network that will more than pay for themselves in coming years. It would streamline an inefficient regulatory process and encourage investment in an aging infrastructure that is acutely vulnerable to outages ― as many Illino
Oct. 30, 2011
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[Robert Reich] Why U.S. needs progressive tax
The so-called “flat tax” is all the rage among Republican presidential hopefuls. Herman Cain was the first. Now, Rick Perry and Newt Gingrich have come up with their own flat-tax proposals.The flat tax is a fraud. It raises taxes on the poor and lowers them on the rich.The nonpartisan Tax Policy Center estimates that Cain’s flat-tax plan (the only one that’s been set out in any detail) would lower the after-tax incomes of poor households (incomes below $30,000) by 16 percent to 20 percent.Meanwh
Oct. 30, 2011
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Republicans must favor schools over tax cuts
The Republican presidential debates have been replete with discussions about our economic future, but to listen to the candidates you’d think that the biggest problem is an onerous U.S. tax code. I’m all for sensible tax reform, but prosperity depends far more on our skill base than on cutting tax rates that are already low by international standards. If the Republicans want to battle for a more prosperous, and stronger, country, they must start spending a lot more time fighting the failures of
Oct. 30, 2011
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Lending should start playing catch-up with economy
There are tantalizing signs that the worst of the disastrous credit crunch may be over. The most tangible evidence can be found in the latest earnings reports from some of the U.S.’s largest banks. With a few exceptions, financial institutions such as JPMorgan Chase & Co. and Wells Fargo & Co. reported increases in lending to big businesses and, to a lesser extent, to consumers. Since consumers power growth, making up about two-thirds of the U.S. economy, their ability to get credit may determin
Oct. 30, 2011
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[Mai Yamani] Saudi’s old regime grows older
LONDON ― The contrast between the deaths, within two days of each other, of Libya’s Col. Moammar al-Gadhafi and Saudi Crown Prince Sultan bin Abdel Aziz is one of terminal buffoonery versus decadent gerontocracy. And their demise is likely to lead to very different outcomes: liberation for the Libyans and stagnation for the Saudis.But the death of Sultan, at 86, marks the beginning of a critical period of domestic and foreign uncertainty for the Kingdom. After all, Sultan’s half-brother, King Ab
Oct. 30, 2011
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Tunisia vote raises hopes for Arab women
As Tunisians await final results in their national election, the first in a country remade by the Arab Spring, it’s worth paying particular attention to the outcome for women there. One hopes it leads reformers in other Arab states to understand that it will be impossible to advance their societies if half of the population is held back. Tunisia’s caretaker government crafted an innovative system to ensure that women were represented in the new constituent assembly. Candidates for 217 seats divi
Oct. 28, 2011
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[Hans-Werner Sinn] Italy’s capital flight and austerity
MUNICH ― In August, the European balance-of-payments crisis moved beyond the eurozone’s periphery and began buffeting Italy. Interest spreads for Italian government bonds began to rise, Prime Minister Silvio Berlusconi’s administration was alarmed enough to implement an austerity program, and the European Central Bank helped with extra liquidity.The ECB directed the central banks of all eurozone members to buy huge quantities of Italian government bonds during the crisis. While the national cent
Oct. 28, 2011
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Japan, France need nuclear safety cooperation
To make nuclear power generation as safe as it can possibly be, it is important to examine ways to enhance the development of nuclear engineers and establish a system to promptly respond to nuclear accidents.Prime Minister Yoshihiko Noda and visiting French Prime Minister Francois Fillon issued a joint statement on nuclear and energy policies following their meeting Sunday.The focal point of the joint statement is a set of specific principles aimed at bolstering nuclear power safety through coop
Oct. 28, 2011
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Comments add to tensions
Judging from the remarks made by U.S. Defense Secretary Leon Panetta in his ongoing Asia tour, it is crystal clear that Washington is involving itself deeper in the affairs in the Asia-Pacific region. Worse, it is not difficult to conclude that Washington, even though it is outside the region, is openly assuming the task of raising the temperature over the South China Sea issue; an issue that should only involve China and members of the Association of Southeast Asian Nations (ASEAN). In a meetin
Oct. 28, 2011
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Prisoner swap in Israel
The exchange of some 1,000 Palestinian prisoners for one kidnapped Israeli soldier is a victory for humanitarianism in a region too often characterized by brutality. The decision by Israeli Prime Minister Benjamin Netanyahu to make the deal goes against every one of his impulses, which were over-ridden in this case by his political pragmatism. Especially difficult for him to swallow is the boost it gives to Hamas, the Islamist group that controls the Gaza Strip: It is considerably strengthened b
Oct. 28, 2011
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[Iwan J. Azis] Better get used to high food prices
Catastrophic flooding and crop losses in Thailand, the world’s leading rice exporter, are raising concerns that another food crisis may be in the offing. Further disquieting is the possibility that the world may have already entered a new era where persistently high food prices are the “New Normal.”At a time when policymakers are grappling with a host of thorny economic issues, the possibility may be unwelcome, but must not be ignored.Although volatility in commodity markets is nothing new, ther
Oct. 28, 2011
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Obama risks losing oil opportunity in Libya
Because it’s the U.S. Army’s Energy Awareness Month, it may be a good time to remind President Obama of oil’s importance to economic security, and the role that wartime leadership and image play in getting your hands on it post-victory. He can’t just quietly outsource and downplay war because it’s icky, then call dibs on victory, as he has just done with Libya. Something has to give.When Libya’s Muammar Gadhafi was killed in the fog of war last week, Obama was quick to praise the “strength of Am
Oct. 27, 2011
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[Shlomo Avineri] Ambivalence in Turkey’s diplomacy
JERUSALEM ― The recent surge in Turkey’s military actions against the Kurds in northern Iraq is an indication that, somewhat surprisingly ― but not entirely unpredictably ― Turkish foreign policy has undergone a 180-degree turn in less than two years. The Turkish offensive is also an indication that these changes go beyond the current tensions between Turkey and Israel, which are just one facet of much deeper trends.Just a couple of years ago, after the European Union slammed the door in Turkey’
Oct. 27, 2011