Under the incumbent Lee Myung-bak government, domestic business groups have expanded their assets and operations at an alarmingly fast clip, and concerns have been rekindled about excessive concentration of economic power.According to data recently released by the Fair Trade Commission, the top 20 business groups increased their asset holdings by 54.2 percent and the number of subsidiaries by 36 p

Japanese professional baseball’s regular season starts Tuesday as the 12 teams of the Central and Pacific leagues play their openers. The pennant race begins, though belatedly, while wounds from the March 11 catastrophe remain fresh.As the nation faces a difficult time, players are urged all the more to do their best to give hope and vigor to disaster victims and the nation as a whole.Both leagues

The time to disagree agreeably is over for health care policy in America.U.S. President Barack Obama and Congress last week approved a measly budget cut of $39 billion and no tax increases. That leaves us with a massive deficit equal to 9 percent of gross domestic product and a debt-to-GDP ratio that will exceed 90 percent within six years.Our politicians touted this deal as the biggest compromise

Every time I hear Donald Trump talk about President Obama’s birth certificate, I think of O.J. Simpson.The conspiracy theory invented by Simpson’s defenders was every bit as loopy as the fantasies concerning Obama. Remember the O.J. defense ruse?Years before the murder, conspirators would have had to incite Simpson to commit domestic abuse, laying a foundation for a future motive.Several weeks bef

When I was growing up in upstate New York in the late 1950s and ‘60s, people didn’t exercise in public the way they do now. You didn’t see adults jogging, biking or power-walking on the street.Except one. Nearly every day, a middle-age woman of slight build walked rapidly through our suburban neighborhood, usually with her head down. No one knew her name, so we called her the Walker. She usually w

In this age of plastic cards, keeping a few 50,000-won bills in wallet would not make one feel particularly comfortable. In everyday life, you rarely need to use the light brown note graced by the elegant portrait of virtuous Joseon era lady Shin Saimdang, which was first issued in June 2009. Yet, the Bank of Korea reports that some 400 million 50,000-won notes are “in circulation,” believe it or

Suh Nam-pyo, a Korean-born professor emeritus at MIT with more than 70 patents in mechanical engineering and experience as vice president of the U.S. National Science Foundation, assumed presidency at the Korea Advanced Institute of Science and Technology in July 2006. At the time, he set the goal of making KAIST one of the 10 best research universities in the world. He followed up with reform mea

U.S. Rep. Michael McCaul, R-Texas, gets it. When drug cartel thugs order mass kidnappings, explode bombs, murder scores of public officials, behead victims or hang them from overpasses, and post signs in border-area cities warning of more violence if they don’t get their way, that’s not mere drug trafficking. That’s terrorism.Finally, someone in Washington is taking action in response to the unpre

Even the Federal Communications Commission’s timid assertion of rights and protections for consumers on the Internet continues to inspire the wrath of Republicans.The U.S. House of Representatives cleared the way for a resolution disapproving of the FCC’s net-neutrality guidelines adopted in December. Debate and a vote on the resolution, a formal device used by Congress to block actions taken by f

The root canal Americans experienced over the averted government shutdown may seem painless compared with the operation that’s coming: debate over raising the debt ceiling followed by House Budget Committee Chairman Paul Ryan’s plan to overhaul the government.The political fates of President Barack Obama and most of Congress depend on the outcome. While the stakes for the 2011 budget skirmish has

Imagine being a low-income parent in the District of Columbia. As a parent living below the federal poverty line in one of the country’s most expensive cities, the options available for your child’s education are limited.There are the D.C. Public Schools, which rank 51st in the nation on measures of academic achievement, but first in terms of school violence. And there are D.C. Public Charter Scho

Paul Ryan is John McCain, circa 2000, or Barack Obama in the last presidential election or Bob Strauss and Jim Baker for their entire careers: the darling of the Washington commentariat.The chairman of the House Budget Committee, who released a budget last week that calls for dramatic spending cutbacks to politically sensitive programs such as Medicare, has been called a “rebel with a cause” by th