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Fitch: Greek rating likely stays ‘junk’ after deal

World BusinessOct 30, 2011

LONDON (AP) ― Greece’s credit grade will remain low, probably still in “junk” status, even after its debt load is cut as part of a European plan to fight the financial crisis, Fitch ratings agency said Friday. The EU plan asks Greece’s private creditors to take losses of 50 percent on their holdings of the country’s bonds. Along with new loans and other measures, that is meant to bring Greece’s ...
EU rescue fund gets top rating hat trick boost

World BusinessOct 30, 2011

BRUSSELS (AFP) ― The eurozone’s rescue fund said Saturday that “AAA” from all three rating agencies should encourage investors to back the bloc’s strategy but warned it could take three years to resolve the debt crisis. The across-the-board “AAA” rating came a day after the European Financial Stability Facility chief Klaus Regling was in Beijing courting Chinese investment to support the crucial...
Quran-burning pastor to run for U.S. president

World NewsOct 30, 2011

MIAMI (AFP) ― An American evangelical pastor whose church’s burning of a Quran sparked deadly violence in Afghanistan announced on Friday that he plans to run for president in 2012. In a campaign manifesto titled “Stand Up America!” Jones pledged that on entering the White House he would immediately stop government overspending, bring all foreign-based troops home, and deport all illegal immigra...
Kim Yu-na inspires KwangJuYo

PeopleOct 30, 2011

Figure skating queen Kim Yu-na turned into a muse for white porcelain. More than 200 press members and fans gathered at the Shinsegae Department Store in central Seoul on Friday to see Kim and KwangJuYo’s new line inspired by the skater. Titled “Yuna,” the collection mirrors Kim’s graceful beauty and healthy image, according to KwangJuYo. The elegant lines and soft colors of the pottery should ...
[Editorial] Communication is key

EditorialOct 30, 2011

One surprising aspect of the Oct. 26 Seoul mayoral by-election was young voters’ massive support for the unified opposition candidate, Park Won-soon. Exit polls showed he received support from 69.3 percent of voters in their 20s, 75.8 percent of voters in their 30s and 66.8 percent of voters in their 40s. This contrasted with 43.1 percent support he received from voters in their 50s and 30.4 perc...
[Editorial] Push for software industry

EditorialOct 30, 2011

The government has rolled up its sleeves to foster the domestic software industry. On Thursday, the Ministry of Knowledge Economy unveiled a package of measures that called for, among other things, banning large system-integrating companies affiliated with chaebol groups from participating in public-sector information system projects. The ministry’s plan caused an immediate uproar in the system-...
Yes to the smart-grid bill for accountability

ViewpointsOct 30, 2011

Considering how Illinois lawmakers tend to vote first and ask questions later, it’s good to see the so-called smart-grid bill getting put through the wringer. This legislation would clear the way for Commonwealth Edison and Ameren to make high-tech upgrades in the electricity network that will more than pay for themselves in coming years. It would streamline an inefficient regulatory process and...
China beefs up anti-terrorism laws

World NewsOct 30, 2011

BEIJING (AFP) ― China’s parliament passed legislation Saturday beefing up the nation’s counter-terrorism laws, while also ordering fingerprints to be added to all national identity cards. The two bills passed Saturday by the standing committee of the National People’s Congress, China’s legislature, were aimed at safeguarding social stability, legislators told journalists. The bill laying out th...
Attack on NATO convoy kills 17 in Afghanistan

World NewsOct 30, 2011

KABUL (AP) ― A Taliban suicide bomber rammed a vehicle loaded with explosives into an armored NATO bus Saturday on a busy thoroughfare in Kabul, killing 17 people, including a dozen Americans, in the deadliest strike against the U.S.-led coalition in the Afghan capital since the war began. The blast occurred on the same day that a man wearing an Afghan army uniform killed three Australian soldie...
Bosnian, Serbian forces raid homes after U.S. embassy attack

World NewsOct 30, 2011

GORNJA MAOCA, Bosnia-Herzegovina (AP) ― Special police units have raided homes in a Bosnian village linked to the gunman who fired an automatic weapon at the U.S. Embassy in Sarajevo in what authorities called a terrorist attack. The raids came as 17 suspected associates of the shooter, all said to be members of the ultraconservative Wahhabi Muslim sect, were briefly detained in Serbia. A convoy...
Left-winger Higgins wins Irish presidency

World NewsOct 30, 2011

Poet-human rights activist becomes new leader of struggling state DUBLIN (AP) ― Michael D. Higgins, a veteran left-wing politician, poet and human rights activist, was declared the winner Saturday of Ireland’s presidential election with nearly 57 percent of votes, and pledged to lift the spirits of a struggling nation. Higgins said he wanted to help revive the public’s faith in politicians at a...
Abu Dhabi museum island hit by more delays

TheaterOct 30, 2011

DUBAI, United Arab Emirates (AP) ― Branches of the Louvre and Guggenheim art museums being built as part of an ambitious cultural district in Abu Dhabi could now open at least a year later than planned, the developer and an official with knowledge of the projects said Saturday. Questions about the future of the Saadiyat Island cultural district have swirled among contractors in the Gulf for mont...
Kevorkian suicide machine, paintings don’t sell

TheaterOct 30, 2011

NEW YORK (AP) ― A suicide machine belonging to Dr. Jack Kevorkian was withdrawn Friday from an auction of the assisted-suicide advocate’s possessions after failing to draw a high enough bid, while 17 of his paintings tied up in a legal dispute with a suburban Boston museum found no takers. The paintings, including one Kevorkian did with a pint of his blood, and about 100 other personal items wen...
Displaying Verdi’s opera costumes for first time

Oct 30, 2011

Maestro Giusepe Verdi and the opera are synonymous with beautiful and elaborate period piece costumes. For the first time ever, a large number of original costumes used by famous singers like Luciano Pavarotti and Maria Callas during their most memorable performances are on display at the Seoul National University Museum of Art until Nov. 30. Along with the costumes are original stage sketches ...
Master craftsmen inspire with fine touches

TheaterOct 30, 2011

Metal craft artisan Park Moon-yeol’s locks are also sure to catch visitors’ eyes. Not only are the patterns embroidered on the metal exquisite, but the workings of the seven-step lock are amazing. Just as special locks were back in the Joseon Dynasty, it takes seven steps to unlock Park’s locks. Only those with superior knowledge in the structure of the locks are able to open them. Park is design...