Steel company mergers are a little below Timothy Geithner’s radar. Yet the U.S. Treasury secretary should think long and hard about a recent one in Japan.On the surface, Nippon Steel Corp. and Sumitomo Metal Industries Ltd. joining forces to become the world’s second-largest producer isn’t wildly interesting. It’s the “why” below it that’s important: Such deals are now the official policy of a gov

NEW DELHI ― The seizure by police of large sums of Chinese currency from the Indian monastery of the Karmapa Lama ― one of the most-important figures in Tibetan Buddhism ― has revived old suspicions about his continuing links with China and forced him to deny that he is an “agent of Beijing.”The Dalai Lama, the Panchen Lama, and the Karmapa Lama are the three highest figures in Tibetan Buddhism, r

For urban tenant families, the difficulty of finding a place to live at an affordable rent does not show any sign of easing. On the contrary, it is worsening as the early spring moving season is approaching. For many families with modest income, it will not be like spring at all when it has already come, as the old Chinese saying goes.The rise in rent is so steep that few hesitate to call it a cri

In a follow-up to a recent congress of its lawmakers on constitutional amendment, the ruling Grand National Party is debating a proposal to create a high-powered ad hoc committee tasked to build a favorable consensus among the public. But its advocates, mostly senior party members close to President Lee Myung-bak, are wasting what little is left of their political capital.The advocates, who had wa

The broad strokes of the “2010 Dietary Guidelines for Americans” report released last week are elegantly simple:Eating is and should be as pleasurable as it is necessary, but we also need to eat less, eat smarter and get more exercise. If we do, we’ll feel better and weigh less, we’ll enhance the development of our children, everybody will be less likely to get chronic, diet-related diseases such

While much attention focuses on how gracefully to dislodge President Hosni Mubarak from his 30-year reign, the Obama administration should be asking how U.S. policies helped him remain in office that long to begin with. The United States has grown far too comfortable with an Arab world dominated by unmovable, abusive rulers while assuming that the Arab people couldn’t be trusted with democracy.U.S

From the American perspective, the transition now underway in Egypt confirms John Kenneth Galbraith’s famous appraisal of politics as a choice between “the disastrous and the unpalatable.”What the Obama administration must dread is not the prospect of Cairo repeating the disaster that was Tehran in 1979 but St. Petersburg in 1917, when one revolution ― its leadership democratic but hopelessly divi

Imagine what was going through the mind of Taiwanese Air Force private Chiang Kuo-ching as he was being led to his execution in August 1997. What a horrifyingly surreal moment it must have been for the 21-year-old man to know he was about to die for a crime he did not commit. Stomachs knot and nerves shudder when we visualize the moment Chiang was escorted into the death chamber.The story broke ju

ASEAN unity is again under strain as Cambodian and Thai troops keep up their animus over an 11th-century temple astride their common border. Ownership of the Preah Vihear Hindu temple had been determined in Cambodia’s favor by the International Court of Justice in a 9-3 vote half a century ago. Why the border squabble should have persisted to this day tells vividly how the emotive weight of histor

There are people in both Thailand and Cambodia who want their soldiers to go all the way. The problem is, even though this might bring the territorial dispute to a conclusion, it would only be for the short term. In 10 or even five years, when one side gets weaker or stronger, the conflict will flare up once again. That is absolutely certain, if force is used to settle this conflict.Diplomacy can

When the Capital Market Consolidation Act went into effect in February 2009, the government expected a “big bang” in the domestic financial industry. As the new law lowered barriers separating financial services, policymakers anticipated financial companies would actively pursue mergers and acquisitions among themselves to grow into large, multifunctional investment banks.The much expected big ban