Fed chief also tells Senate no immediate stimulus planned for nowWASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke warned U.S. lawmakers Thursday that they would deliver a “self-inflicted” wound to the nation’s economy by holding up efforts to raise the government’s borrowing limit.The Fed chief also said the central bank had no immediate plans to introduce new stimulus measures, elaboratin

NEW YORK ― During the four decades since the Watergate affair engulfed U.S. President Richard Nixon, politicians have repeatedly ignored the scandal’s main lesson: the cover-up is worse than the crime. Like Nixon, they have paid a higher price for concealing their misdeeds than they would have for the misdeeds alone.Now, for once, comes a scandal that breaks that rule: the United Kingdom’s phone-h

There was more bad news about the global economy last week. It looks as if the major developed economies are facing worsening problems that will not go away.This does not augur well for the developing world, as it is still dependent on the richer economies.An economic slowdown in the United States was indicated by last week’s data of a rise in unemployment to 9.2 percent and only 18,000 new non-fa

“Beady Eye Live in Seoul”: Rock band Beady Eye will hold a concert on Sept. 3 at Ax-Korea in Seoul at 7:30 p.m. The concert had been initially scheduled in May but was delayed due to the March earthquake and tsunami in Japan. The U.K. group consisting of Liam Gallagher and other ex-members of Oasis released their first album “Different Gear, Still Speeding” in February. Korean indie band Gukkasten

“Baribari Chochom Didimsae 2011”: National Dance Company of Korea has been offering this performance series since 2001 to help the public better understand and appreciate Korean dance which is often considered difficult. It presents both traditional dances and new choreography inspired from the traditional dances. It runs through July 24 at The National Theater of Korea in Jangchung-dong, central

“Buyeo Seodong Lotus Festival”: In Buyeo County in Gongju, South Chungcheong Province, a lotus festival will be held from July 21-24. The festival celebrates beautiful lotus flowers and highlights the importance of preserving wild flowers. Programs include some events related to lotus flowers, making paper lotus flowers and making lotus flower soap. Other tourist destinations are located nearby th

“Asia Philharmonic Orchestra”: The Asia Philharmonic Orchestra, established in 1995 by Maestro Chung Myung-whun and Orchestre Philharmonique de Radio France, will hold its regular concerts in Korea, Japan and China. In 1995, when Chung conducted the opening ceremony of an international orchestral festival in Tokyo, he met many Asian musicians from top orchestras. His idea was to put them together.

“Coyote Ugly”: The beloved songs from the movie Coyote Ugly, like “Can’t Fight the Moonlight,” can be heard again on stage this time. Though the musical’s setting is the bar Coyote Ugly 10 years since the movie’s success, the storyline is basically the same, starting with young singer-songwriter wannabe April’s arrival to the city. Luna of K-pop group f(x) shares the role of April with two other a

“Life Story”: Gallery SUN Contemporary is presenting 13 new works by South Korean sculptor Kim Gyung-min. Kim is known for her unique style of colorful and bright sculptures despite the flood of abstruse contemporary art. At the exhibition, visitors can find bubbly and joyful sculptures reflecting her everyday life with her family. The exhibition runs through July 31 at Gallery SUN Contermporary i

BOX OFFICEThe Front Line (Korea)Opening July 20Drama. Directed by Jang Hoon. It is July 1953, and the Korean War is almost at its end. When a South Korean squad leader is shot dead, Eun-pyo (Shin Ha-gyun), a lieutenant, is ordered to investigate. It is suspected that the man was shot by one of his own subordinates, and not by the North Koreans. As Eun-pyo moves to the frontlines to look into the c