Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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[William Pesek] Prada gets my $1,500 as poor can live in envy
In the annals of fashionable timing, Prada SpA’s trip to Asia deserves a mention. It’s blowing off Milan and taking the largest initial public offering of a family-owned Italian company since 2006 to Hong Kong. The reason investors in Prada’s hometown must reach 5,800 miles away to buy the stock: Asia’s hot, Europe’s not. It gets even better for Prada. The $2 billion IPO will hit the investment ca
March 13, 2011
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[Shlomo Ben Ami] Saving the Egyptian revolution
TEL AVIV ― Revolutions throughout history have proven to devour their children. Their final outcomes are seldom congruent with their prime movers’ intentions. Too frequently, revolutions are hijacked by a second wave, either more conservative or more radical than what was first contemplated by the initiators of change.What started in France in 1789 as an uprising of the middle classes in alliance
March 13, 2011
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[Eric Jackson] Steve Jobs’s hottest app may be succession plan
Apple Inc. suffers from a Steve Jobs discount, and it’s not fair.Ever since Jobs, the chief executive officer, disclosed that he had a rare form of pancreatic cancer in August 2004, Apple’s stock has been underpriced. That assertion may seem absurd, given that the shares have risen more than 2,000 percent since then and the company’s market value of $325 billion is second only to that of Exxon Mob
March 13, 2011
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[Annette Heuser] Gadhafi’s end depends on one power stepping up
The turmoil in much of the Arab world has grown into more than a regional protest by peoples seeking to overthrow repressive regimes. Successful uprisings in Tunisia and Egypt have spurred demonstrations from Morocco to Iran and now, tragically, conflict in Libya which increasingly looks like civil war.The criminal acts of that country’s leader, Moammar Gadhafi, demand foreign intervention. With t
March 13, 2011
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[Brigitte Granville] Targeting the targeters in controlling inflation
LONDON ― Speaking in the happier economic times of 2005, Mervyn King ― then, as now, governor of the Bank of England ― stressed the importance of entrenching public expectations of stable, low inflation. He warned that, “if you let inflation expectations drift too far away from the target, you can end up in quite serious difficulty with a costly process to bring them back again.” King must now be
March 13, 2011
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It’s not time to tap the strategic oil reserve
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., chairman of the Senate Energy and Natural Resources Committee, who last week urged President Obama to consider selling oil from the reserve as a way to stabilize prices. Then on Sunday, White House
March 11, 2011
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[Editorial] Price stability
The Bank of Korea raised its benchmark rate from 2.75 percent to 3 percent on Thursday. On the same day, President Lee Myung-bak promised a shift in policy from growth to price stability. It was better late than never for both the central bank and the Lee administration to renew their resolve to fight inflation.Following the rate increase, the Bank of Korea governor implied the central bank will t
March 11, 2011
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Polarization likely to only worsen
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 another,
March 11, 2011
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[Joseph E. Stiglitz] Mauritius miracle of social welfare
NEW YORK ― Suppose someone were to describe a small country that provided free education through university for all of its citizens, transportation for school children, and free health care ― including heart surgery ― for all. You might suspect that such a country is either phenomenally rich or on the fast track to fiscal crisis.After all, rich countries in Europe have increasingly found that they
March 11, 2011
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Foreign press crackdown a blot on China’s image
My doorbell rang unexpectedly on Sunday (March 6) afternoon.I wasn’t expecting guests, but I guess the two uninvited ones at my door belong to an organization that is not in the habit of ringing ahead to announce its arrival.The two uniformed Chinese policemen at my door, accompanied by a staff member of the estate management, did not introduce themselves or show any identification. Perhaps they f
March 11, 2011
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[Editorial] Galliano a reminder of repercussions to discrimination
Before he was accused of being an anti-Semitic drunk, before videos surfaced of him calling people “ugly Jews” and professing his love for Adolf Hitler, designer John Galliano was a long-time fashion darling who wowed the sartorial elite, season after season, as the creative force behind luxury fashion house Christian Dior.On March 1, at the height of the controversy, Dior fired its creative direc
March 11, 2011
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[Andrew Sheng] Middle East and breakdown of social capital
What do the problems in Libya, Tunisia and Egypt have in common with the Oscars? The answer is Facebook and the Social Network. The latter is the name of the film about the founders of Facebook that won three Oscars. The Egyptian protestors learned how to socially connect through Facebook, having learned the techniques of social organization and use of mobile communication technology from a bunch
March 11, 2011
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Free speech can work only with mutual respect
A recent U.S. Supreme Court ruling that would allow hateful protests at military funerals has resulted in a public debate over the limits of free speech. The court ruled that the First Amendment protected those who engaged in a venomous protest at the funeral of a Marine who had died in Iraq. Protesters from Westboro Baptist Church, whose headquarters are in Kansas, appeared at the funeral holding
March 10, 2011
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[Gregory Rodriguez] The loyalty dance
Dance, monkey, dance.That’s what the United States has long shouted at immigrants and ethnic groups suspected of being disloyal. The nation asks its newcomers to perform in meaningless ways to “prove” they belong here.The dancers change, but not the dance. Because the United States is continually incorporating immigrants, the perceived threat of betrayal is constant. This week, Rep. Peter T. King,
March 10, 2011
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[Omar Ashour] A regime incapable of self-reform
LONDON ― “The enemy of yesterday is the friend of today.... It was a real war, but those brothers are free men now.” Thus spoke Saif al-Islam al-Gadhafi in March 2010, referring to the leaders of the Libyan Islamic Fighting Group (LIFG), an armed organization that had attempted to assassinate his father, Muammar al-Gadhafi, three times in the mid-1990s.This may seem surprising. A few days ago, the
March 10, 2011
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[Michael J. Graetz] The high cost of oil
The spread of popular revolt in the Middle East to Libya has exacerbated a spike in oil prices and gasoline costs at the pump. In turn, this has stimulated widespread complaints about the lack of a coherent U.S. foreign policy toward despots in the region. This is not the first time this has happened.More than four decades ago, a military coup, led by a 27-year-old Moammar Gadhafi, overthrew Libya
March 10, 2011
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[Andres Martinez] Embracing Moammar Gadhafi is a shame
Hugo Chavez is trying to come to the rescue of his friend and fellow “colonel,” Moammar Gadhafi. The Venezuelan president has offered to mediate Libya’s civil war, and warned against any foreign intervention in support of Libya’s opposition, which now controls much of the east of the country, including the port of Benghazi, home of the Hugo Chavez soccer stadium. The Venezuelan government even rai
March 10, 2011
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[Shashi Tharoor] The crisis of private microfinance industry in India
NEW DELHI ― The recent ouster of the Nobel Prize-winning Bangladeshi economist Mohammed Yunus as managing director of the Grameen Bank, which blazed a trail for microfinance in developing countries, has thrown a spotlight on the crisis engulfing a business that was once seen as a harbinger of hope for millions.Yunus’s tussle with the government of Bangladesh, which had tried to retire him on groun
March 10, 2011
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Don’t overlook the issue of illegal donations
Japaneses Foreign Minister Seiji Maehara has admitted in a meeting of the House of Councillors Budget Committee that he received political donations from a South Korean resident living in Kyoto.This is a problem that cannot be forgiven just because the amount of money involved was small or because he may not have received it intentionally.The Political Funds Control Law prohibits politicians from
March 9, 2011
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[Matthew Lynn] Charlie Sheen could teach Wall Street a lesson
It would take most of us a few dozen lifetimes to amass 2 million followers on Twitter. And yet Charlie Sheen managed it in less than a week.Last month, CBS Corp. discontinued the hit comedy show “Two and a Half Men” after Sheen’s public jousting with senior management over a binge that the wild-man actor has described as “epic” and “radical.” Since then, he has become one of the biggest names on
March 9, 2011