The Korea Herald

Occupy Wall Street loves pearls of capitalism

Oct 18, 2011

It was probably inevitable that the Occupy Wall Street movement would be rife with contradictions. Back on Sept. 15, two days before the first protest began in lower Manhattan, an organizing principle of sorts appeared on the Adbusters website. “Hey President Obama, get ready for our one demand!” th
[Jeffrey Frankel] Barrels, bushels, bonds take global economy for a ride

Oct 18, 2011

CAMBRIDGE ― The prices of hydrocarbons, minerals, and agricultural commodities have been on a veritable roller coaster. While commodity prices are always more variable than those for manufactured goods and services, commodity markets over the last five years have seen extraordinary, almost unprecede
Planet Earth to welcome the 7 billionth child

Oct 17, 2011

At some point this month, October 2011, a child will be born and the world’s population will have reached seven billion. There is a good chance that this childbirth will take place in the Asia-Pacific region; home to 61 percent of the world’s population.If the child is born in the Asia-Pacific regio
[Nouriel Roubini] The instability of inequality

Oct 17, 2011

NEW YORK ― This year has witnessed a global wave of social and political turmoil and instability, with masses of people pouring into the real and virtual streets: the Arab Spring; riots in London; Israel’s middle-class protests against high housing prices and an inflationary squeeze on living standa
Why Einstein was wrong about being wrong

Oct 17, 2011

If you want to get your mind around the research that won three astronomers the Nobel Prize in physics this year, it helps to think of the universe as a lump of dough ― raisin-bread dough, to be precise ― mixed, kneaded and ready to rise. Hold that thought.Now consider Albert Einstein ― not the wild
[Meghan Daum] Liberals pin hopes on Elizabeth Warren

Oct 17, 2011

Liberal fervor, which took a hit when it became apparent that Barack Obama the president was not going to live up to the promise of Barack Obama the Shepard Fairey poster, is back in action. From the streets of Manhattan to the pages of Facebook, from L.A.’s City Hall to email blasts from MoveOn.org
[Peter Singer] Harsh judgements on the death penalty ― again

Oct 17, 2011

PRINCETON ― Three significant events relating to the death penalty occurred in the United States during September. The one that gained the most publicity was the execution in Georgia of Troy Davis, who had been convicted of the 1989 murder of Mark McPhail, an off-duty police officer.Davis’ death sen
[William Pesek] ‘Made in China’ tag makes hypocrites of us all

Oct 16, 2011

Hypocrisy is the defining element in all the wrangling over China’s currency. The debate seems deceptively simple: As China booms and America implodes, how much blame does Beijing’s undervalued currency get for chronic U.S. unemployment? China says none ― it’s a developing nation and needs to create
[David Ignatius] Raging against the financial elites

Oct 16, 2011

WASHINGTON ― What’s intriguing about the eruption of Occupy Wall Street is that it’s so similar to other populist movements that are demanding change in nearly every major region of the world. You can’t help but wonder if we aren’t seeing, as a delayed reaction to the financial crisis of 2008, a kin
Do men have problem with Elizabeth Warren?

Oct 16, 2011

Some women just bug men. Hillary Clinton did (and still does). Nancy Pelosi, who has replaced Clinton as the Scary Democratic Woman in Republican fundraising appeals, surely does. And now Massachusetts Senate candidate Elizabeth Warren has joined the club. Warren originated the idea of a Consumer Fi
Wall Street protesters should remember Jagger’s lyrics

Oct 16, 2011

What do they want, and what do they need? That’s the question about the protesters who now occupy Wall Street, Washington and just about everywhere else. Theirs is what might be called a Rolling Stones situation: They can’t always get what they want, but if somebody tries, some time, they may get wh
[Zheng Bijian] China strategy: From peaceful rise to shared interests

Oct 16, 2011

BEIJING ― In 1992, Deng Xiaoping, architect of China’s reform and opening up, toured some cities in south China. During the trip, he made remarks urging the whole nation to be bold in pushing forward reform and opening to the outside world. His milestone remarks led to double-digit economic growth i
Taiwan jet deal aids ally without provoking rival China

Oct 14, 2011

The 100th anniversary marking the fall of China’s last imperial dynasty upped tensions in the Taiwan Strait, with Chinese President Hu Jintao calling for “reunification through peaceful means” and his Taiwanese counterpart, Ma Ying-jeou, responding that he was just fine with the status quo. The last
[Gerhard Schroder] A vision of Europe for 21st century

Oct 14, 2011

BERLIN ― Economic crisis in the United States and in Europe, the rise of the emerging economies led by China and the revolutions in the Arab world are shaking the world order. In this context, only a new and expanded vision of Europe can provide a key pillar of stability in the coming decades.As the
‘Occupy’ protests strike a chord with youths around the world

Oct 14, 2011

Before the current, weekslong “Occupy Wall Street” protest swept over New York City, news articles in the U.S. lamented the lack of political passion exhibited by the youth of America, most specifically, their absence in any aspect of public demonstration. Many reasons were given for their apparent