Whenever gasoline prices spike, it’s a pretty good bet that politicians are going to propose tapping the Strategic Petroleum Reserve. This time around, the talk started with Sen. Jeff Bingaman, D-N.M...rmoil will probably be temporary, but gas prices will stay on an upward trajectory regardless. That’s why it’s critical for Americans to focus on efficiency and alternative energy sources. But that’s...

China’s consumer prices rose 4.9 percent in February from a year earlier, exceeding the government’s 2011 target for a fifth month. The advance was more than the 4.8 percent median forecast in a Blo...ebt woes in Europe. Stocks tumbled globally Thursday as the Asian nation reported weaker exports, U.S. jobless claims rose and Moody’s Investors Service cut Spain’s debt rating. “Inflation and overhe...

...ge across to all economic players concerned and thus dampening inflationary expectations. Thursday’s rate raise had already been anticipated, given the prediction that the surge in consumer prices wi...highest since November 2008. Still, few would have anticipated a shift from the Lee administration’s growth-first policy. But President Lee promised to give priority to price stability from now on, s...

...t the relationship among family members and their lifestyle have been undergoing a drastic change as a consequence of urbanization. As their parents did for them, baby boomers pay for their children’s education, from kindergarten to university, and foot the bills for their weddings and home rental. Many of them provide financial support for their parents, be they residing in the same house with t...

Individualism is dead. That’s the stark take-away from an analysis of U.S. congressional voting records by the National Journal. Since 1982, the National Journal has combed congressional votes on key issues and rated legislators’ records. Last year, it reviewed 95 significant votes in both chambers using a relative, not absolute, measure. In other words, it seeks to compare members with one ano...

...eporters at night for one-on-one briefings. The message to those called up was the same: Obey China’s laws. But there has been little elaboration on which exact laws they are referring to. When forei...r face to the world, using means such as the recent airing of glowing video tributes to the country’s people and achievements screened in New York’s Times Square. China’s deep-seated terror of luan, ...

...sting to note prior to this climax, however, the amount of people who appear to be shielding or defending the designer and their various explanations. First, there were the empathizers. Vogue Italia’s editor-in-chief Franca Sozzani voiced outrage at the people who took advantage of Galliano’s drunken state and filmed him spewing racist remarks while giggling in the background. Famed designer Patricia Field called the designer’s “I love Hitler” video a “farce,” meaning, not serious. Then...