In today’s world, there are three kinds of fiscal crises brought on by too much government spending, and three kinds of responses. We can call them the nightmare scenario, the preemptive experiment and the head-in- the-sand model. In the nightmare scenario, a country runs large deficits for a decade or more ― and the financial markets are happy to buy its debt at low interest rates. But then the m

Seoul International Hikers will be taking a walk up Achasan in eastern Seoul on Saturday.The walk will cover about 5 kilometers, including two ridges offering good views of the Han River. Hikers are advised to bring appropriate clothing, including umbrellas. If weather makes hiking impossible there will be an alternative activity. The group will meet by the ticket booth at 10:30 at Gwangnaru Stati

Migrant workers from Sri Lanka will hold a cricket tournament on Sunday in Busan.Around 30 teams from Busan, Geoje, Daegu, Gwangju and Ansan and other areas will vie for supremacy.The tournament runs from 9:30 a.m. to 6 p.m. at the Huimang Park, opposite the Hanmaum Hospital in Gangseo-gu Busan.(paulkerry@heraldm.com)

Seorae Global Village Center in Seoul will run a class on making French style pastries on July 7.The class, which runs from 2-4 p.m., is open to adults and children and costs 7,000 won each, which includes ingredients for two pies. Booking for the class is open until July 5 and can be made via mpa.seoul@hotmail.fr. (paulkerry@heraldm.com)

Italian-Venezuelan photographer Jose Antonio Nigro will hold an exhibition in Itaewon starting Saturday.The exhibition, titled “From Where I Am Standing,” will be a compilation of photographs showing how he has evolved as a photographer. The exhibition is free and runs at Gallery Golmok until July 3. To get to Gallery Golmok leave Exit 3 of Noksapyeong Station and walk past the entrance of Itaewon

There will be a free screening of Oscar-nominated Banksy documentary “Exit Through the Gift Shop” on Sunday.The documentary follows a French shopkeeper and amateur filmmaker as they try to find and befriend Banksy. It was well received ― nominated for the Best Documentary category at the Academy Awards ― but also faced allegations that the film was staged.The screening is at Roofers in Itaewon, wi

The New Zealand Chamber of Commerce will host the “New Zealand Wine Festival” on Saturday at the Grand Hyatt Hotel, Seoul. The chamber will offer guests a selection of fresh, chilled whites from 16 vineyards to usher in the summer. “The mission of the Kiwi Chamber is to work closely with and assist in raising the awareness of important New Zealand industries, and the country’s premium wines offer

Kenneth Kim Vineyards is holding a wine event for expats on Saturday at their winery in Anseong, Gyeonggi province. Using Muscat grapes grown on a local cooperative, the vineyard produces red and white wines, a sherry and a port for the Korean market. After a short historical tour of a Catholic mission on the way, Kenneth Kim will introduce the wine-making methods he uses. Guests will be able to t

Busan Foundation for International Activities is hosting a set of cultural programs on different cultures from July 4.Each of the 10 week courses will be run by a volunteer lecturer from a foreign country who will introduce their culture and traditions, including a cooking course.The programs are available for 10 different cultures with six in English and the rest in Korean. Most courses are on we