The Korea Herald

Please raise my taxes, ex-Google exec tells Obama

World BusinessSept 27, 2011

MOUNTAIN VIEW, California (AFP) ― A rich former Google executive pleaded with Barack Obama to raise his taxes Monday, boosting the U.S. leader’s push to get well off Americans to bankroll his $447 billion jobs plan.Obama stormed through the American west on a three-day tour devoted to hammering Repu
Typhoon floods Manila; thousands evacuated, 7 dead

World NewsSept 27, 2011

MANILA (AP) ― Massive flooding hit the Philippine capital on Tuesday as typhoon winds and rains isolated the historic old city where residents waded in waist-deep waters, dodging tree branches and debris. At least seven people were killed.Authorities ordered more than 100,000 people across the count
Berkshire Hathaway to buy back shares

World BusinessSept 27, 2011

OMAHA, Nebada (AP) -- Warren Buffett is sending a clear signal that he believes Berkshire Hathaway’s stock is undervalued by announcing a plan to repurchase stock for the first time since taking over the firm in 1965.Berkshire said Monday that the company Buffett leads will repurchase its Class A an
‘Gadhafi a growing terrorist threat’

World NewsSept 27, 2011

UNITED NATIONS (AFP) ― Moammar Gadhafi is a growing international terrorist threat while he remains free, the Libyan interim prime minister told the U.N. Security Council on Monday.“Gadhafi’s battalions continue to kill innocent civilians in different regions of our country,” Mahmoud Jibril, number
Greece has never discussed wider debt ...haircut: Official

World BusinessSept 27, 2011

ATHENS (AFP) ― Greece “has never discussed” the option of reducing its vast debt by 50 percent, a scope far wider than a rescue plan agreed with the EU in the summer, the government’s spokesman said on Monday.“This discussion has never been held at government level,” Elias Mossialos told a media bri
Australian army to remove gender barrier

World NewsSept 27, 2011

CANBERRA (AP) ― Australia will remove all gender barriers in its military over the next five years, opening up positions that had previously been considered too dangerous for women, including front-line combat roles, a minister said on Tuesday.Australia will follow Canada and New Zealand in allowing
China tax department's yacht sparks outcry

Sept 27, 2011

BEIJING (AFP) - Officials in eastern China have triggered public outrage by claiming that a $425,000 yacht bought with government money was intended for collecting taxes.Images of the 32-metre (100-foot) yacht appeared on social media sites in China, sparking a furious reaction from bloggers who cal
WHO: Iran, South Asia worst for city air pollution

World NewsSept 27, 2011

GENEVA (AP) ― Cities in Iran, India, Pakistan and the capital of Mongolia rank among the worst on the planet for air pollution, while those in the U.S. and Canada are among the best, according to the first global survey by the World Health Organization.The southwest Iranian city of Ahvaz walked away
Germany downplays hopes of fast new crisis course

World BusinessSept 27, 2011

BERLIN (AP) ― German officials on Monday downplayed prospects of any quick and dramatic change of course in the eurozone debt crisis, days before a parliamentary vote on beefing up the continent’s rescue fund.Weekend meetings of global financial leaders in Washington raised hopes of a change in stra
Berkshire Hathaway to buy back shares

World BusinessSept 27, 2011

OMAHA, Nebada (AP) -- Warren Buffett is sending a clear signal that he believes Berkshire Hathaway’s stock is undervalued by announcing a plan to repurchase stock for the first time since taking over the firm in 1965.Berkshire said Monday that the company Buffett leads will repurchase its Class A an
U.S. home-buying season the worst in 50 years

World BusinessSept 27, 2011

WASHINGTON (AP) ― The home-buying season was a bust.March through August are typically the peak buying months. But this time, Americans bought fewer new homes in that stretch than in any other six-month period since record-keeping began a half-century ago.And sales of previously occupied homes didn’
Syrian minister blames west for crackdown

World NewsSept 27, 2011

UNITED NATIONS (AP) -- The Syrian foreign minister, ignoring the mounting death toll from the bloody government crackdown on dissent, told the United Nations on Monday that external critics were to blame for the violence and for causing delays in President Bashar Assad’s plans for democratic reforms
Apple trims orders for iPad parts: JPMorgan

World BusinessSept 27, 2011

Apple Inc. is cutting orders to vendors in the supply chain for its iPad tablet computer, a move that may result in slower sales for companies including Hon Hai Precision Industry Co., JPMorgan Chase & Co. said in a report. Several supply-chain vendors indicated in the past two weeks that Apple lowe
Republican candidates seek Trump stamp of approval

World NewsSept 27, 2011

NEW YORK (AP) -- Donald Trump has become a must-stop for Republican presidential candidates looking for advice or hoping to bask in the celebrity real estate mogul's star power.All the major Republican presidential hopefuls have sought an audience with Trump, just months after President Barack Obama
Treasure hunters eye huge silver haul from WWII ship

World NewsSept 27, 2011

MIAMI, Sept 26, 2011 (AFP) -- When the SS Gairsoppa was torpedoed by a German U-boat 70 years ago, it took its huge silver cargo to a watery grave. US divers are working to recover what may be the biggest shipwreck haul ever, valued at some $210 million.Florida-based Odyssey Marine Exploration on Mo