Most Popular
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Medical profs at top hospitals suspend surgeries, clinics
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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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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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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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Ex-pro baseball player who killed debtor appeals sentence
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Mortgage settlement picks winners, leaves losers
The $25 billion mortgage-abuse settlement between the states and five top banks that was announced Thursday won’t solve the nation’s housing crisis. Far from it.It will not restore the housing market. The money involved is a fraction of the amount that would make a dent in that.It will not provide direct assistance to the vast majority of distressed homeowners. Most owners aren’t eligible for its most valuable provision ― principal reduction ― because loans guaranteed by the government-controlle
Feb. 13, 2012
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Gay marriage in U.S. a dead political issue
Eight years is an aeon in politics. Witness the waning potency of the gay-marriage issue.During the 2004 campaign, Republican strategists put gay marriage on referendum ballots in key swing states, as a “wedge” issue to unnerve Democrats and gin up the conservative base for President George W. Bush. The Massachusetts high court had just ruled for legalization, and hostility toward the concept was the centrist position in America.This is no longer true.Granted, social conservatives voiced anger l
Feb. 13, 2012
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Foreclosure settlement falls short, still worth the wait
In any out-of-court settlement for alleged wrongdoing, the test of whether prosecutors got a good deal rests on the answers to three questions: Does it hold the miscreants accountable? Does it make victims whole? And does it prevent similar misconduct in the future? Thursday’s $25 billion agreement by five banks to end a 16- month investigation of abusive foreclosure practices fails on the first two counts. And we won’t know for some time whether it is successful on the third. Nonetheless, the d
Feb. 12, 2012
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[David Ignatius] The chaos in Cairo revolution
WASHINGTON ― What kind of democratic revolution in Egypt is it that brings charges against 19 American NGO workers who have been advocating democracy? The answer is that it’s a confused revolution, looking for people to blame for its troubles. The U.S. should stifle its anger for now ― and avoid a hasty cutoff of aid that would make a bad situation worse. The Egyptian revolution, a year on, is struggling to establish a government amid chaos. The spontaneous, leaderless uprising that toppled Pres
Feb. 12, 2012
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On the Web, no one cares if you write like a dog
It’s been going on for too long, right before our eyes. Inevitably, someone was going to blow the whistle, and wouldn’t you know it would be Felix Salmon, the famous financial blogger for Reuters? The name Felix Salmon (for some reason) always makes me think of those plastic singing fish that were all the rage a few years ago. You remember: They appeared to be mounted on a board (also plastic) and they would burst remorselessly into song and could be impossible to turn off without opening up the
Feb. 12, 2012
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A strategy for Russia’s Snow Revolution
MOSCOW ― Nonviolent revolutions do not always remain nonviolent, as the examples of uprisings in Egypt, Libya, and Syria in the Arab Spring have shown. But peaceful movements for regime change often do succeed. They have toppled illegitimate rulers, as with the post-Soviet “color revolutions” in Georgia and Ukraine, and ended apartheid in South Africa, for example, or, before that, the Jim Crow system in the American South. Nonviolent movements broke British rule in India and Malawi, and brought
Feb. 12, 2012
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[Joseph E. Stiglitz] European Central Bank stance reveals need for transparency
NEW YORK ― Nothing illustrates better the political crosscurrents, special interests, and shortsighted economics now at play in Europe than the debate over the restructuring of Greece’s sovereign debt. Germany insists on a deep restructuring ― at least a 50 percent “haircut” for bondholders ― whereas the European Central Bank insists that any debt restructuring must be voluntary.In the old days ― think of the 1980s Latin American debt crisis ― one could get creditors, mostly large banks, in a sm
Feb. 12, 2012
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Making a Fatah and Hamas partnership work
The news that the mainstream Palestinian group Fatah has agreed to form a unity government with the militantly Islamist Hamas may move some to dismay. Although there are ample reasons for that reaction, this development may also present an opportunity. Over the past year, the world has changed not just around Israel, but also around the Gaza Strip and West Bank, the two Palestinian territories ruled, respectively, by Hamas and Fatah. That is especially true for Hamas. The Arab Spring has driven
Feb. 10, 2012
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[Shlomo Ben Ami] The decline of the West revisited
MADRID ― Since the publication in 1918 of the first volume of Oswald Spengler’s The Decline of the West, prophecies about the inexorable doom of what he called the “Faustian Civilization” have been a recurrent topic for thinkers and public intellectuals. The current crises in the United States and Europe ― the result primarily of U.S. capitalism’s inherent ethical failures, and to Europe’s dysfunction ― might be seen as lending credibility to Spengler’s view of democracy’s inadequacy, and to his
Feb. 10, 2012
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Don’t let Futenma relocation stalemate become permanent
It is not a bad idea for the Japanese and U.S. governments to prevent the relocation of the U.S. Marine Corps’ Futenma Air Station and the transfer of marines stationed in Okinawa Prefecture to Guam from both collapsing.The two governments have agreed in principle to revise the 2006 realignment project for U.S. forces in Japan.The plan for the relocation of marines to Guam will be scaled back from 8,000 marines to 4,700. The Futenma base relocation will be separated from the marines’ Guam reloca
Feb. 10, 2012
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[Kevin Rudd] Work on tomorrow’s Pax Pacifica
CANBERRA ― Although the relationship between China and the United States is critical to Asia’s future, this does not mean that the region will become a Sino-American duopoly. The concept of a “G2” is never going to fly in Asia.To begin with, excluding China, Asia’s combined GDP is roughly equivalent to that of the U.S., and it vastly exceeds that of China. Furthermore, Japan remains the world’s third-largest economy, while economies like India, South Korea, Indonesia, and Australia are growing r
Feb. 10, 2012
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Beijing, Moscow cowardice should be punished
Thirty years to the day that Hafez al-Assad’s Syria began a massacre of at least 10,000 people in Hama, another one took place in Homs, and two of the world’s biggest countries did nothing to prevent a third. In Hama, some paid tribute to those who were killed in 1982, throwing red dye into the city’s ancient water wheels on the Orontes River, and spray painting “Hafez died, and Hama didn’t. Bashar will die, and Hama won’t.” Bashar refers to current Syrian leader Bashar al-Assad, succinctly desc
Feb. 10, 2012
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Japan‘s population time bomb ticking
A population trend estimate announced on Jan. 30 by the health and welfare ministry’s National Institute of Population and Social Security Research shows that in 2060, Japan’s population will fall to about 30 percent below the current level, while people aged 65 or older will account for 40 percent of the population. It is imperative that the government take effective measures to make it easier for young people to be able to afford to marry and raise a family.As Prime Minister Yoshihiko Noda sai
Feb. 10, 2012
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[Jeffrey D. Sachs] Pursuing sustainable humanity
ADDIS ABABA ― Sustainable development means achieving economic growth that is widely shared and that protects the earth’s vital resources. Our current global economy, however, is not sustainable, with more than one billion people left behind by economic progress and the earth’s environment suffering terrible damage from human activity. Sustainable development requires mobilizing new technologies that are guided by shared social values.U.N. Secretary-General Ban Ki-moon has rightly declared susta
Feb. 9, 2012
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[Nathan Gardels] Monti’s ‘depoliticized democracy’ a harbinger for West
ROME ― Making my way from Milan to Rome in recent days, I experienced firsthand the rancorous process under way to deleverage Italy’s sovereign debt and impose more competitive habits on the languorous rhythms of this Mediterranean culture.Angry truckers blocked the main highways, drivers left their taxis standing, and most trains were canceled. Students scrawled “f--k austerity” slogans across peeling, ocher-colored walls. Surly shopkeepers only brightened at the sight of mid-winter gaggles of
Feb. 9, 2012
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[Meghan Daum] Memed, and proud of it
Say what you will about the latest Internet video sensation ― in which someone lampoons one group of humans or another based on certain conversational proclivities ― but if nothing else, we can credit it with bringing mainstream awareness to the word “meme.” That’s the term coined by Richard Dawkins for the way evolutionary principles can be used to explain how cultural ideas take hold. It’s now basically turned into a fancy way of talking about things that are popular on the Internet. This incl
Feb. 9, 2012
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School nutrition: A kid’s right to choose
Last fall, Los Angeles took a hard line on school nutrition. In an attempt to mold better eating habits in kids, the Los Angeles Unified School District eliminated flavored milk, chicken nuggets and other longtime childhood favorites. But instead of making kids healthier, the changes sent students fleeing from school cafeterias. There have been reports of a thriving trade in black-market junk food, of pizzas delivered to side doors and of family-size bags of chips being brought from home. Garbag
Feb. 9, 2012
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Who reviews the U.S. ‘kill list’ of terrorists?
When it comes to national security, Michael V. Hayden is no shrinking violet. As CIA director, he ran the Bush administration’s program of warrantless wiretaps against suspected terrorists.But the retired air force general admits to being a little squeamish about the Obama administration’s expanding use of pilotless drones to kill suspected terrorists around the world ― including, occasionally, U.S. citizens.“Right now, there isn’t a government on the planet that agrees with our legal rationale
Feb. 9, 2012
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Saga shows problems with spectrum policy
There are two lessons to be gleaned from the revelation that Philip Falcone’s Harbinger Capital Partners LLC lost 47 percent in its main hedge fund last year. The first is that Falcone took a mighty gamble in investing $3 billion in LightSquared, a Virginia-based broadband-service supplier. The second, more important point is to shed light on how poorly the U.S. government manages the domestic broadcast spectrum. LightSquared controls 59 megahertz on the U.S. spectrum that it hopes to lease to w
Feb. 8, 2012
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[Robert Reich] Government’s role in U.S. economy
President Obama believes government has a vital role in creating good jobs in America. Mitt Romney and Newt Gingrich say American business will create good jobs here if their taxes are lowered and regulations eased.The facts are on the president’s side. U.S. corporations are increasingly global, with less and less stake in America. According to the Commerce Department, American-based global corporations added 2.4 million workers abroad in first decade of 21st century while cutting their American
Feb. 8, 2012