The Korea Herald

Portugal down France, reaches U20 soccer final

More sportsAug 18, 2011

MEDELLIN, Colombia (AP) ― Portugal reached the final of the Under-20 World Cup with a 2-0 victory over France on Wednesday.Danilo gave Portugal a 1-0 lead with a leaping header in the 9th minute, and Nelson Oliveira doubled the lead with a penalty in the 40th. Portugal has won this title twice and w
Messi leads Barca past Madrid

More sportsAug 18, 2011

BARCELONA (AP) ― Lionel Messi scored a late winner as Barcelona won its 10th Spanish Supercup with a dramatic 3-2 victory over bitter rival Real Madrid on Wednesday that ended with players from both clubs brawling on the Camp Nou pitch.Messi volleyed Adriano’s cross past Iker Casillas in the 87th mi
[Mohamed A. El-Erian] ECB’s role in eurozone endgame

ViewpointsAug 18, 2011

NEWPORT BEACH ― Central bank purists are confused. How can the European Central Bank, a Germanic institution, now be in the business of buying government bonds issued by five of its 17 members? Why is this monetary authority acting like a fiscal agency? Isn’t the ECB supposed to be a politically ind
[Michael O’Hanlon] The United States still has a promising future

ViewpointsAug 18, 2011

Amid all the talk of gloom and doom in the United States, with the stock market’s near-crash and the renewed threat of a double-dip recession, it is worth pausing to remember that the United States remains the greatest country on Earth. It is also the country with the most promising future. I make t
[Editorial] Curbing health care costs

EditorialAug 18, 2011

The National Health Insurance program has a loophole that helps rich people pay a far smaller proportion of their income in premiums than most people. Under the present system, the subscribers are divided into two categories ― the employee insured and the self-employed insured. For employee-insured,
[Editorial] Longevity not a blessing?

EditorialAug 18, 2011

In the old days, longevity was considered one of the five blessings in Korea, the other four being wealth, health, love of virtue and a peaceful death. Longevity was one of the most common themes in paintings and embroidery pieces, reflecting people’s wish for it.Koreans’ view of longevity, however,
[Edward Glaeser] Targets for future spending cuts

ViewpointsAug 18, 2011

There is a time to spend and a time to cut and we are now in an age of austerity. Even since Standard & Poor’s downgraded the U.S.’s “AAA” credit rating earlier this month, some Keynesians still favor more spending. They say the threat that the economy will dip back into recession calls for more pub
[Uri Dromi] Voice of protest in Israel says enough is enough

ViewpointsAug 18, 2011

For the last few weeks, Israel has been experiencing an unprecedented phenomenon: Hundreds of thousands of people are rallying in the streets, demanding social justice. The numbers are mind-boggling: 300,000 Israelis is the equivalent of 18 million Americans. And this is not a one-shot rally. The pr
[William D. Cohan] Ending the moral rot on Wall Street (Part 3)

ViewpointsAug 18, 2011

The following is the last installment of a three-part article on Wall Street corruption and remedies for it. ― Ed.Since 1970, when financial companies began selling shares to the public, the industry has ensnared the rest of us in repeated crises of its own making. There was the crash of 1987 and th
SK Wyverns sack manager, promote Lee Man-soo

More sportsAug 18, 2011

SK Wyverns manager Kim Sung-keun has been sacked following his decision to retire from coaching after the 2011 season, according to the club.The Wyverns, the defending champion in the country’s top division baseball league, announced on Thursday that it is to expel Kim from his post. Assistant coach
Daegu to use new tech for World Champs

More sportsAug 18, 2011

The 13th World Championships in Athletics will be not only the biggest athletics event in its history but also the most advanced competition to use new technologies, according to the organizer.More than 3,500 athletes and officials from 206 different countries are coming for the world’s third-
Men know true love after one date: research

CultureAug 18, 2011

Men can fall in love after just one date, according to research reported in the Daily Telegraph.(MCT)According to the study conducted in the United Kingdom, men can know whether their date could be true love after a single meeting.By contrast, women usually go on at least six dates before making a d
Hyun Bin voted as conscription role model

DefenseAug 18, 2011

A popular TV actor who enlisted in the Marine Corps for his conscription has been voted as the defining symbol of military mandatory service by netizens, the military recruitment agency said on Thursday. Hyun Bin (The Korea Herald)According to the Military Manpower Administration, actor Hyun B
Korean banks temporarily halt household lending

Aug 18, 2011

South Korea's major banks said Thursday that they temporarily suspended the extension of fresh household loans in a bid to join the regulator's efforts to curb excessive growth of household debt.Local banks, including Shinhan and Hana, said they have begun to halt extending fresh home loans, includi
Bosses steal workers’ ideas: poll

IndustryAug 18, 2011

More than half of Korean workers received unfair treatment from their bosses when proposing new ideas, a poll showed on Thursday.(MCT)　According to Career, a local recruitment website, about 56.6 percent of the 380 respondents said they had being treated unfairly after handing in their proposals.　Ab