Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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The Iranian Nuclear Threat Goes Global
The current drive to prevent Iran from developing a nuclear arsenal reflects two important, and interrelated, changes. From Israel’s perspective, these changes are to be welcomed, though its government must remain cautious about the country’s own role.The first change is the escalation of efforts by the United States and its Western allies to abort the Iranian regime’s nuclear quest. This was instigated in part by the International Atomic Energy Agency’s finding in November 2011 that Iran is ind
Feb. 23, 2012
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Ways to revitalize Korean football
Korean football has been in a state of complacency for at least 10 years. Numerous examples of deceit and chicanery in Korean football have been unveiled recently. Korean football has neglected to develop infrastructure in communities and the K-league. Also, K-league players have been found to very frequently partake of match-fixing and illegal gambling. Moreover, the Korean Football Association has acted in ways that are entirely inscrutable to the general public. For instance, it recently repl
Feb. 23, 2012
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Why Obama enjoys adulation among blacks
In his new book, “The Persistence of the Color Line: Racial Politics and the Obama Presidency,” Harvard law professor Randall Kennedy offers up the most sober (and sobering) assessment of Barack Obama’s grappling with race to date. The book looks at the big media events such as the controversy around Reverend Jeremiah Wright, the arrest of Henry Louis Gates and the forced resignation of Shirley Sherrod. But it is arguably at its most trenchant where it is most humble.An example of this occurs ea
Feb. 22, 2012
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[Robert Reich] Playing billionaire election game
How many billionaires does it take to buy a presidential election? We’re about to find out. The 2012 campaign is likely to be a battle between one group of millionaires and billionaires supporting President Obama and another group supporting his GOP rival.Perhaps this was the inevitable result of the Supreme Court’s grotesque decision in Citizens United v. Federal Election Commission in 2010, which opened the floodgates to unrestricted campaign money through so-called “super PACs.” But I’m not s
Feb. 22, 2012
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Greece risks suffering same fate as Argentina
NEWPORT BEACH ― Let me set the scene: an increasingly discredited economic policy approach gives rise to growing domestic social and political opposition, street protests and violence, disagreements among official creditors, and mounting concerns among private creditors about a disorderly default. In the midst of all of this, national leaders commit to more of the same harsh austerity measures that they have been unable to implement for two years. Official creditors express skepticism, in privat
Feb. 22, 2012
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[Nouriel Roubini] The four downside risks to global economic growth
RIO DE JANEIRO ― Since late last year, a series of positive developments has boosted investor confidence and led to a sharp rally in risky assets, starting with global equities and commodities. Macroeconomic data from the United States improved; blue-chip companies in advanced economies remained highly profitable; China and emerging markets slowed only moderately; and the risk of a disorderly default and/or exit by some members of the eurozone declined.Moreover, under its new president, Mario Dr
Feb. 22, 2012
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Facebook and China have too much in common to ‘like’
Mark Zuckerberg is pulling off a feat bigger than becoming the world’s richest 20-something: thriving in the cyber age even before “friending” the most populous nation and biggest Internet market. Facebook Inc.’s founder will soon have to “like” China, where his website is banned. A post-initial-public-offering Facebook will have shareholders demanding that it tap China’s 1.3 billion people, and now. Such is life when your business model is predicated on ever-growing ranks of users updating, sha
Feb. 22, 2012
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A new agenda for European economic growth
BRUSSELS ― Austerity alone cannot solve Europe’s economic and financial crisis. Growth and jobs need to be promoted with equal zeal. European Union leaders now recognize this: kick-starting growth in 2012 was high on the agenda at the European Council’s meeting on January 30. But the big question remains: How?The need for immediate action is clear. The eurozone’s economy contracted in the last three months of 2011; even Germany’s shrank. The new year is looking grim. France is flat-lining (as is
Feb. 21, 2012
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[Lee Jae-min] ETS tax laudable but misplaced
The global aviation industry is still scratching its head while digesting the contents of the latest bid by Brussels to curb greenhouse gas emissions. Starting from Jan. 1, the EU included the aviation industry in its CO2 Emission Trading System and started imposing extra taxes on airliners. Actual payments will not take place until 2013, but the system is now up and running. A very laudable effort indeed, but here is the trick: This program of the EU applies to all foreign airlines as well, if
Feb. 21, 2012
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Asia’s development and importance of leadership
Asia’s development has been so successful that it has been labeled a “miracle.” However, if this is true for economic growth, the picture looks far less impressive if you look at other dimensions of economic development. A return of leadership is needed. Looking at Asia’s phenomenal economic growth figures since the second half of the 20th century, it becomes easy to understand why international observers have used the word “miracle.” From 1975 to 2000 East Asia grew faster than any other region
Feb. 21, 2012
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[Kim Seong-kon] The charm of living in Korea
Twenty-eight years ago when I was at the L.A. airport waiting for a plane to Seoul, I watched on television clashes between riot police and the tear-gassed students of South Korea, who were protesting against the military dictatorship. I was embarrassed and reluctant to go back to Korea, even though I was returning home after six years in the States. Upon arriving at Gimpo Airport, I was taken aback by the unfriendliness and arrogance of the immigration and customs officers, who treated internat
Feb. 21, 2012
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Laudable but Misplaced: EU’s Aviation ETS Tax
The global aviation industry is still scratching its head while digesting the contents of the latest bid by Brussels to curb greenhouse gas emissions. Starting from Jan. 1, the EU included the aviation industry in its CO2 Emission Trading System and started imposing extra taxes on airliners. Actual payments will not take place until 2013, but the system is now up and running. A very laudable effort indeed, but here is the trick: This program of the EU applies to all foreign airlines as well, if
Feb. 21, 2012
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Mixing Medicare and mudslinging in campaign
Don’t look now, but the 2012 election is turning into a national referendum on what to do about Medicare.Democrats want to run on the issue ― and to charge that Republican proposals to change Medicare into a voucher-based system would end the current guarantee of virtually unlimited health care for the elderly.The chairman of their House campaign committee, Rep. Steve Israel, D-New York, has told candidates to stress three issues: “Medicare, Medicare and Medicare.”At least some Republicans ― suc
Feb. 21, 2012
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GOP extremists turn their attention to transportation bills
Both parties and both houses of Congress appear to have worked through their differences and are poised to extend a payroll tax cut and unemployment benefits and avoid drastic cuts in reimbursement rates for physicians treating Medicare enrollees.The optimist thinks, “So Congress CAN deal with real problems, even in a campaign year.”The pessimist thinks, “The Republicans’ radical wing already lost this fight in December, and party leaders saw no reason to follow the fringe to a repeat defeat in
Feb. 21, 2012
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The inferno in Honduras
The horrifying inferno that engulfed a prison in Honduras and claimed 355 lives or more didn‘t have to happen. In the months preceding this disaster, Honduran officials, beginning with President Porfirio Lobo, ignored multiple warnings that conditions at the jails were ripe for a calamity.One report by the United Nations said overcrowding was out of control by any standard. On any given date, 800 prisoners were confined in a facility built for 500. Those numbers, outrageous in themselves, were b
Feb. 21, 2012
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A New European Growth Agenda
Austerity alone cannot solve Europe‘s economic and financial crisis. Growth and jobs need to be promoted with equal zeal. European Union leaders now recognize this: kick-starting growth in 2012 was high on the agenda at the European Council’s meeting on January 30. But the big question remains: How?The need for immediate action is clear. The eurozone’s economy contracted in the last three months of 2011; even Germany’s shrank. The new year is looking grim. France is flat-lining (as is Britain).
Feb. 21, 2012
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Euro area leaders consider Greek exit at own peril
Leaders of the euro area’s wealthier nations are increasingly raising a provocative question: Might the common currency now be strong enough to end the bailout agony and let Greece go? The short answer is no. In fact, the euro area is probably more vulnerable to a Greek disaster than ever. Until recently, European officials dismissed the idea of Greece leaving the euro as unthinkable. They seemed to recognize that such a move would amount to mutually assured destruction. Aside from the horrendou
Feb. 20, 2012
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[David Ignatius] Pakistan needs to clear the air
WASHINGTON ― With Pakistan’s civilian government and judiciary showing renewed signs of life, it’s time for them to ask the question the country has been avoiding for nine months: How did Osama bin Laden, the world’s leading terrorist, hide out in a military garrison city near Islamabad without anyone knowing? To ask this question is not to accuse the Pakistani military or intelligence service of wrongdoing. So far, no “smoking gun” has emerged. But many puzzling issues surround bin Laden’s stay
Feb. 20, 2012
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How the U.S.-Iran standoff looks from Israel
The upheaval in the Arab world has damaged Israel’s strategic environment. Its peace treaty with Egypt, a pillar of national security for more than three decades, is in question. More important, the events in the Arab world have deflected attention from Israel’s most feared scenario, a nuclear Iran, playing into the Iranian strategy to buy time in order to present the world with a nuclear fait accompli. Israel’s leaders fear that the international response is now unlikely to impact Iranian polic
Feb. 20, 2012
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[Andrew Sheng] Alternatives to conventional economic thinking
At a time when there is great awareness that mainstream economic theory is seriously flawed, many of us are looking for alternative models of economic thinking. I have in my collection a book by an English economist EF Schumacher called “Small is Beautiful,” first published in 1973, but never read it. Last month, I finally read it and was overwhelmed by its brilliant and unconventional approach to economic thinking. The book became almost cult reading when it came out 40 years ago, in the afterm
Feb. 20, 2012