Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[Music in drama] Rekindle a love that slipped through your fingers
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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 Metro to seek legal action against malicious complaints
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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[David Ignatius] A Gates team at the Pentagon
WASHINGTON ― Bob Gates left the Pentagon in early July, but the new national-security team that is taking over this summer is largely Gates’ creation ― reflecting the unusual influence of a Republican defense secretary in shaping the Obama administration’s personnel and policies. Gates’ recomme
Aug. 19, 2011
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[By William Pesek] S&P’s next target has Bob Marley on its mind
On a hot Friday evening in Osaka, Japan, street musician Jun Fukuda is channeling Bob Marley on a downtown bridge. Not the feel-good, party-hearty Marley, but the mortality-questioning ballad “Redemption Song.” As the 20-year-old belts out the lyrics “emancipate yourself from mental slavery” he scan
Aug. 19, 2011
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[Editorial] History shows danger of politics left adrift
How strongly do you feel Japan’s peace and affluence have been achieved at the expense of the many lives lost in the series of wars this nation fought during the Showa era?This question was asked in an opinion survey conducted by The Yomiuri Shimbun by mail in January and February. An overwhelming 8
Aug. 19, 2011
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[Amando Doronila] Sovereignty issues with China a test for President Aquino
China has launched its first aircraft carrier, signaling its growing naval power that’s likely to increase tensions between Beijing and smaller Asian maritime states, including the Philippines, over territorial claims on islands in the West Philippine Sea (South China Sea).The 67,000-ton, 302-meter
Aug. 19, 2011
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[Andrew Sheng] Controls on capital flows: From heresy to orthodoxy
On Sept. 1, 2011, it would be 13 years to the day when Malaysia first introduced capital controls to stem the effects of the Asian financial crisis on the domestic economy. In 1998, it was heresy to introduce controls on capital flows, since it was International Monetary Fund orthodoxy to liberalize
Aug. 19, 2011
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[Mohamed A. El-Erian] ECB’s role in eurozone endgame
NEWPORT BEACH ― Central bank purists are confused. How can the European Central Bank, a Germanic institution, now be in the business of buying government bonds issued by five of its 17 members? Why is this monetary authority acting like a fiscal agency? Isn’t the ECB supposed to be a politically ind
Aug. 18, 2011
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[Michael O’Hanlon] The United States still has a promising future
Amid all the talk of gloom and doom in the United States, with the stock market’s near-crash and the renewed threat of a double-dip recession, it is worth pausing to remember that the United States remains the greatest country on Earth. It is also the country with the most promising future. I make t
Aug. 18, 2011
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[Edward Glaeser] Targets for future spending cuts
There is a time to spend and a time to cut and we are now in an age of austerity. Even since Standard & Poor’s downgraded the U.S.’s “AAA” credit rating earlier this month, some Keynesians still favor more spending. They say the threat that the economy will dip back into recession calls for more pub
Aug. 18, 2011
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[Uri Dromi] Voice of protest in Israel says enough is enough
For the last few weeks, Israel has been experiencing an unprecedented phenomenon: Hundreds of thousands of people are rallying in the streets, demanding social justice. The numbers are mind-boggling: 300,000 Israelis is the equivalent of 18 million Americans. And this is not a one-shot rally. The pr
Aug. 18, 2011
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[William D. Cohan] Ending the moral rot on Wall Street (Part 3)
The following is the last installment of a three-part article on Wall Street corruption and remedies for it. ― Ed.Since 1970, when financial companies began selling shares to the public, the industry has ensnared the rest of us in repeated crises of its own making. There was the crash of 1987 and th
Aug. 18, 2011
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[Nouriel Roubini] Market-oriented economy doomed?
NEW YORK ― The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too much private-sector debt and leverage led to a massive re-leveraging
Aug. 17, 2011
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[William Pesek] Economic suicide is only a scandal or two away
The Philippines can be a scandalmonger’s paradise. At this very moment, editors are pressed to decide which controversy goes on the front page: the suicide story, the car scam, Chopper-gate or the asylum follies. Each of them sells newspapers and each is linked to a central figure: Gloria Arroyo, wh
Aug. 17, 2011
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[Nina Khrushcheva] Democracy and walls of August
MOSCOW ― History’s milestones are rarely so neatly arrayed as they are this summer. Fifty years ago this month, the Berlin Wall was born. After some hesitation, Nikita Khrushchev, the Soviet Union’s leader, allowed his East German counterpart, Walter Ulbricht, to erect a barrier between East and Wes
Aug. 17, 2011
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[Simon Johnson] The real U.S. crisis is not the debt downgrade
The U.S. has a fiscal crisis, but not the one that everyone is talking about. Standard and Poor’s proved beyond a reasonable doubt that the U.S. still has the world’s preeminent reserve currency. When shocks hit ― and investors have no idea who or what might be next in line for a downgrade ― they bu
Aug. 17, 2011
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[William D. Cohan] Ending the moral rot on Wall Street (Part 2)
The following is the second installment of a three-part article on Wall Street corruption and remedies for it. ― Ed.Was all of this immoral, unethical and illegal behavior a mere aberration, brought on in the years leading up to the financial crisis by an atypical combination of greed and hubris? Sa
Aug. 17, 2011
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[David Ignatius] Department of Internet Defense
ASPEN, Colo. ― “Cyber-security” is one of those hot topics that has launched a thousand seminars and strategy papers, without producing much in the way of policy. But that’s beginning to change, in one of 2011’s most important but least noted government moves. This summer, with little public fa
Aug. 16, 2011
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[Bob Keeler] Chipping away at Environment Protection Agency
Long before he became our president, Ronald Reagan was widely known for a line he delivered often: “At General Electric, progress is our most important product.” What he didn’t emphasize was GE’s other important product: pollution. The huge company is fully or partly responsible for dozens of Superf
Aug. 16, 2011
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[Kim Seong-kon] K-pop is not enough on its own
Despite the increasing popularity of K-pop and Korean TV dramas overseas, Korean literature does not seem to attract foreigners’ attention much. With the possible exception of Shin Kyung-sook’s “Please Look after Mom,” which was on the New York Times bestseller list for a while, Korean literature in
Aug. 16, 2011
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[William D. Cohan] Ending the moral rot on Wall Street (Part 1)
The following is the first installment of a three-part article on Wall Street corruption and remedies for it. ― Ed.What will it take for Americans to finally get the message that much of Wall Street, in its current form, is a corrupt enterprise in need of a top-to-bottom overhaul, a task that the ye
Aug. 16, 2011
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[Pankaj Mishra] London’s rioters are Thatcher’s grandchildren
I am often asked, when in the U.S. or Europe, whether I feel frightened while traveling through such obviously dangerous places as Afghanistan and Kashmir. It’s hard for me to explain, and so I never confess, that I feel more insecure on the streets of Tower Hamlets, a London borough just south of T
Aug. 16, 2011