Most Popular
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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Young Korean doctors seek plan B: cosmetic dermatology or overseas
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Yoon apologizes over first lady’s Dior bag scandal, but accuses special probe attempt as political maneuvering
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South Korea open to Indonesian proposal to cut KF-21 payments
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Police seek arrest warrant for med student who killed girlfriend
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Coupang earnings hit hard by losses from ailing Farfetch
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[K-pop’s dilemma] Time, profit pressures work against originality
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Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
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[K-pop's dilemma] Is Hybe-Ador conflict a case of growing pains?
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A necessary ultimatum on cutting federal debt
Let’s call it Boehner’s Law: When you issue an ultimatum, make sure that whatever you’re threatening really is ... the ultimate. In that spirit, House Speaker John Boehner, R-Ohio, says Republicans need to see trillions of dollars in spending cuts in exchange for letting the Obama administration raise the nation’s debt limit.Hair-on-fire Democrats react that it’s perilous to delay upping the debt
May 15, 2011
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[Tim Rutten] They drank the tea
If congressional negotiators fail to resolve their impasse over the federal debt ceiling, we may recall this moment in history as one of the nation’s worst since the morning Custer awoke thinking it might be amusing to go and annoy Sitting Bull.Ensuring the U.S. government’s full faith and credit is a matter of such consequence to the global financial system that everything else concerning the bud
May 15, 2011
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[Robert Reich] Big U.S. oil companies’ money gusher
ExxonMobil’s first-quarter earnings of $10.7 billion are up 69 percent from last year. Other oil companies are also scoring record gains. The five biggest oil companies together report more than $35 billion in profits.This gusher is an embarrassment for an industry seeking to keep its $4 billion annual tax subsidy from the U.S. government. It’s especially embarrassing at a time when Americans are
May 15, 2011
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[Fakhruddin Ahmed] Yunus’ place in history is secure
The Bangladesh Supreme Court has upheld the High Court’s verdict that professor Yunus’s removal from Grameen Bank is legal. So professor Yunus has been permanently removed as the managing director of his brainchild, Grameen Bank. This is a sad day for Bangladesh. The decision will embolden those who had always opposed professor Yunus, such as the religious fundamentalists and others opposed to wom
May 15, 2011
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[William Pesek] China’s economic colonization starts down under
All in.That’s essentially the message Treasurer Wayne Swan is sending about Australia’s odds-defying bet on Chinese growth. The government’s latest budget pledges to deliver the quickest improvement in the nation’s finances on record ― without specifics about how that will happen.The absence of such detail is telling and can be boiled down to one thing: an even bigger gamble on China’s 10 percent
May 15, 2011
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[Rachel Marsden] Long live airport security checks!
So Osama bin Laden’s dead. Now what? Things are going to change, but not in the way you might think.First off, the rest of the world isn’t going to fall over itself about this. Americans might be concerned about the collective yawn coming from Europe, but they really shouldn’t read too much into it. Europe just has a better historical perspective on these things. European leaders have been fightin
May 15, 2011
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Internet data collection: The privacy line
Apple introduced its Macintosh computer in 1984 with a now-famous Super Bowl commercial that showed a lone rebel striking out against Big Brother. So it was ironic that researchers recently accused the company of an Orwellian intrusion into consumer privacy: Its iPhones and iPads appeared to be tracking their users’ movements. Apple eventually offered a rebuttal, and it hustled out a software upda
May 13, 2011
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[Gregory Rodriguez] For Americans, to infinity and beyond
President Obama tried to use the announcement of the death of Osama bin Laden to get Americans to think big again. The successful end of a 10-year manhunt, he declared last week, was a “testament to the greatness of our country and the determination of the American people.”But bin Laden’s death instead seemed to feed stubborn domestic divisions and conjure thorny geopolitical stalemates. Maybe the
May 13, 2011
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[Dr. Noeleen Heyzer] Ending poverty in Asia-Pacific’s LDCs
For the people of Asia’s least developed countries ― the 14 poorest Asian countries and Pacific small island states ― the past decade was marked by multiple global economic crises and setbacks that prevented governments in each of the countries from succeeding in bringing their people out of extreme poverty. Despite some progress since 2001, the international development agenda for these neediest
May 13, 2011
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Pakistan and the U.S. need to work together
The language was a bit murky at first but inevitably the true nature of Pakistan-U.S. relations began to unravel. Immediately after the reported death of Bin Laden, Pakistan President Asif Ali Zardari would only speak in general terms about military and intelligence cooperation between the two countries, and would not go into specifics about the operation ― specifics that Islamabad didn’t have in
May 13, 2011
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Legal assistance for disaster victims
“I can’t repay loans for my house and fishing boat, which were swept away by the tsunami.”“I was fired by my company immediately after the disaster.”Day after day, these and other complaints are heard during legal consultations for people in areas devastated by the March 11 earthquake and tsunami.Local lawyers associations have generously given counsel at evacuation centers and elsewhere. So have
May 13, 2011
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Pakistan’s proxy war against India
The involvement of Pakistan’s Inter-Services Intelligence Directorate in the 26/11 terror attack on Mumbai will be publicly aired in Chicago on May 16 when the trial of Hussain Rana of Pakistani origin, owner of an immigration consulting firm, begins. Six Americans were among 166 people killed in the Mumbai attacks. Though the 33-page charge-sheet does not mention ISI, it names Major Iqbal of the
May 13, 2011
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[Maria A. Ressa] Spreading jihadi virus in Southeast Asia
Osama bin Laden’s death is a moral victory, but it may turn out to be nothing more than that.Over the past decade, he has been isolated and the capabilities of his al-Qaida degraded, but the group has evolved into a social movement that continues to attract new groups and new recruits.Studies on social networks of al-Qaida and its Southeast Asian arm, Jemaah Islamiyah (JI), show that both organiza
May 13, 2011
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A dead Osama ― and what matters to whom
The security relationship between the United States and Pakistan is at risk of breaking down over the Osama bin Laden case. The U.S. would be disadvantaged in its Afghanistan withdrawal timetable and federal budget pruning if a rupture happened. Pakistan could as penance be made to take a cut in the $3 billion annual military aid it receives, but it will probably manage. Just how bad the relations
May 12, 2011
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Spending on luxury brands soaring in China
Our country has become a shining beacon of hope for luxury brands as Chinese consumers are driving the growth in many luxury sectors.As the luster of luxury fades in Japan, luxury brands are expanding their presence and retail locations in China.McKinsey & Co. estimates that the country’s luxury spending will more than double by 2015. If so, we will surpass Japan to become the world’s largest mark
May 12, 2011
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[David Ignatius] Bin Laden plot thickens in Pakistan
WASHINGTON ― The Pakistani town of Abbottabad seems to have been the perfect place to “hide in plain sight.” Not only did officers at the Pakistani military academy there apparently miss spotting Osama bin Laden. So did a team of U.S. Special Forces trainers that, according to Pakistani officials, was based there from September to December 2008. The “Where’s Waldo?” aspect of the hunt for bin Lade
May 12, 2011
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Make drug use pay its own way
In a far-off land called I’m Right, You’re Wrong, a fierce drug-legalization debate is raging. Half the people, libertarians, say drug use should be legal. The other half, moral purists, insist it shouldn’t.They disagree even on what to call it when those who buy or sell drugs are led off to jail. The libertarians call this a form of taxation ― specifically, a tax on the time of the buyer and sell
May 12, 2011
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[Zuraidah Ibrahim] A handful of issues for Singapore’s ruling party
The People’s Action Party’s (PAP) standard line that it starts preparing for the next general election the day after the last one ends has probably never been truer. Traditionally, a committee is formed to study voting patterns. This year, it will have its hands full divining why various precincts cast their ballots the way they did.On the one hand, there is bound to be a secular decline in suppor
May 12, 2011
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[William K. Black] Why CEOs avoided getting busted in meltdown
The defining characteristic of crony capitalism is the ability of favored elites to loot with impunity and the failure of regulators to do their jobs.We have seen this in the financial crisis that started in 2008 and in an earlier era, when the savings-and-loan industry collapsed.In the Texas “Rent-a-Bank” scandal of the 1970s, for example, two ringleaders created a fraud network of 50 lenders tha
May 12, 2011
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[Joel Brinkley] Bin Laden’s death a Rorschach test
The killing of Osama bin Laden is producing an unexpected outcome. His death is proving to be a Rorschach test for the entire world. Everyone who looks at it sees something different, sometimes betraying hidden motivations.Egypt’s Muslim Brotherhood, for example, has struggled since President Hosni Mubarak’s downfall to present a moderate image, while the group’s older leaders labor to mask the an
May 12, 2011