Most Popular
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Probe of first lady on Dior bag allegations set to begin
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Indonesia’s KF-21 fighter jet deal cut back -- what’s next?
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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[KH Explains] Can tech firms' AI alliances take on Nvidia?
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Police seek arrest warrant for med student who killed girlfriend
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Local filmmakers criticize ‘The Roundup: Punishment’ monopoly of screens
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Will China's self-sufficient dream in HBM come true?
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Don’t take China’s ‘peaceful rise’ for granted
Chinese soon-to-be President Xi Jinping’s visit to the U.S. gives the world the chance to reflect on the role that China is going to assume in international politics and economics. With more than $3 trillion in reserves, China has been looked to as the saviour of Europe. For its part, the U.S. is eager to address its $300 billion a year trade deficit with China, and under pressure from domestic constituencies, Obama has surely raised the question of intellectual property rights and industrial su
Feb. 24, 2012
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[Paul Donovan] What the euro means for Asia
The euro should not exist. In a perfect world (run by economists) the euro would never have been created. Sadly, however, the world is not perfect ― and it is run by politicians. The result is an entirely dysfunctional monetary union. The Spanish economy has youth unemployment approaching 50 percent. The Greek economy is in its fourth consecutive year of negative GDP growth and is likely to embark on a fifth year of negative growth later in 2012. Euro area countries have to share a common intere
Feb. 24, 2012
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United States’ two-faced approach to terrorism
Malcolm X said, after the assassination of President John F. Kennedy, that “the chickens have come home to roost,” by which he meant that the violence of American interventionist foreign policy had come back to haunt the country.The exposure of a possible Iranian bomb-making cell in Thailand, and the coordinated attacks against Israeli targets in India and Georgia, remind us of the truth behind Malcom X’s remark. It may be no accident that the attacks occurred only days after U.S. officials conf
Feb. 23, 2012
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[Itamar Rabinovich] Iranian nuclear threat goes global
TEL AVIV ― 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
Feb. 23, 2012
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Korean football needs grassroots improvement
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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School debate shows deep divisions in Israel
A fight in Israel over a new university is a perfect metaphor illustrating the nation’s deep divisions ― a fault line that further isolates Israel and presents a continuing danger to the world.This month, an Israeli education council for the occupied West Bank declared a community college in a Jewish settlement to be a full-fledged university ― prompting several hundred Israeli college professors, including some of the state’s most renowned academics, to write an angry letter to the state’s educ
Feb. 23, 2012
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[Jeffrey Frankel] Could economic turnaround be Obama’s recovery?
CAMBRIDGE ― With November’s election in the United States fast approaching, the Republican candidates seeking to challenge President Barack Obama claim that his policies have done nothing to support recovery from the recession that he inherited in January 2009. If anything, they claim, his fiscal stimulus, the bank bailouts, and U.S. Federal Reserve Chairman Ben Bernanke’s aggressive monetary policy made matters worse.Obama’s Democratic defenders counter that his policies staved off a second Gre
Feb. 23, 2012
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Virginia shoots itself in the foot on handguns
Virginia is for lovers -- of guns. Last week that state‘s Senate, newly under Republican control after a GOP election surge in November, overturned a 20-year-old law that barred residents from buying more than one handgun a month. Why? Apparently because in Virginia, deadly firearms are like Lay’s potato chips -- you can‘t stop at just one.Virginia’s refusal to close the notorious “gun-show loophole” has long been criticized by New York Mayor Michael Bloomberg, who frets that relatively tough re
Feb. 23, 2012
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School debate shows deep divisions in Israel
A fight in Israel over a new university is a perfect metaphor illustrating the nation‘s deep divisions -- a fault line that further isolates Israel and presents a continuing danger to the world.This month, an Israeli education council for the occupied West Bank declared a community college in a Jewish settlement to be a full-fledged university -- prompting several hundred Israeli college professors, including some of the state’s most renowned academics, to write an angry letter to the state‘s ed
Feb. 23, 2012
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Good terrorism and bad terrorism
Malcolm X said, after the assassination of President John F. Kennedy, that “the chickens have come home to roost,” by which he meant that the violence of American interventionist foreign policy had come back to haunt the country.The exposure of a possible Iranian bomb-making cell in Thailand, and the coordinated attacks against Israeli targets in India and Georgia, remind us of the truth behind Malcom X’s remark. It may be no accident that the attacks occurred only days after U.S. officials conf
Feb. 23, 2012
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Harvard Liberal-Arts Failure Is Wall Street Gain
In recent years, many top universities have tried to guide their students into careers other than finance. In 2008, Drew Gilpin Faust, the president of Harvard University, went so far as to give a speech to graduating seniors asking them to stand fast against Wall Street’s “all but irresistible recruiting juggernaut.” Tufts University is paying the student loans of graduates who go into public service. The efforts seem to be failing. In December, the New York Times’ Catherine Rampell asked Harva
Feb. 23, 2012
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Obama’s Recovery?
With November’s election in the United States fast approaching, the Republican candidates seeking to challenge President Barack Obama claim that his policies have done nothing to support recovery from the recession that he inherited in January 2009. If anything, they claim, his fiscal stimulus, the bank bailouts, and U.S. Federal Reserve Chairman Ben Bernanke’s aggressive monetary policy made matters worse.Obama’s Democratic defenders counter that his policies staved off a second Great Depressio
Feb. 23, 2012
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In Iraq, occupation by another name
Two recent reports appearing on the same day last week in The New York Times and The Washington Post illustrate U.S. intentions in Iraq. What they reveal is that despite the heralded “end” of U.S. participation in the war there, U.S. policy continues to depend on our security apparatus to influence Iraq, at the expense of Iraqis‘ sovereignty and dignity.The Times report informed us that the U.S. State Department decided to cut the U.S. embassy staff by 50 percent from its current 16,000 personne
Feb. 23, 2012
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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