The Korea Herald

States eye fee increases as tax alternative

Jul 24, 2011

NARRAGANSETT, Rhode Island (AP) ― Twenty dollars for a parking place wasn’t going to ruin Ellen Majka’s day at the beach. But she was still taken aback when she arrived at Rhode Island’s popular Scarborough state beach and learned that parking fees had nearly doubled.“It seems a little steep to me,” said Majka, of Westfield, Massachusetts. “Add in the price of gas and it starts to add up. But I di
Union drive puts IKEA’s global image to the test

Jul 24, 2011

RICHMOND, Virginia (AP) ― The union attempting to represent workers at IKEA’s only U.S. plant is challenging the Swedish furniture giant’s vaunted corporate ethos, accusing the retailer of paying its American workers low wages and tolerating unsafe working conditions.Approximately 320 workers at IKEA’s Swedwood Danville plant will vote Wednesday whether to join the International Association of Mac
Partisan dispute to partially close FAA

Jul 24, 2011

WASHINGTON (AP) ― Efforts to avert a shutdown of the Federal Aviation Administration failed Friday amid a disagreement over a $16.5 million cut in subsidies to 13 rural communities, ensuring that nearly 4,000 people will be temporarily out of work and federal airline ticket taxes will be suspended.Lawmakers were unable to resolve a partisan dispute over an extension of the agency’s operating autho
Microsoft Windows fizzles as PC fears loom

Jul 22, 2011
Oil up on IEA decision, U.S. data, Greece optimism

Jul 22, 2011
Eurozone strikes 159-billion-euro Greece rescue

Jul 22, 2011

BRUSSELS (AFP) -- Eurozone leaders agreed Thursday, alongside the private sector, to pour another 159 billion euros into Greece to stop debt contagion across Europe, even at the risk of triggering a dramatic default.The private finance sector agreed to provide 50 billion euros of funding which will be added to 109 billion euros from European governments and the International Monetary Fund, in a de
Eurozone offers Greece lifeline, with default risk

Jul 21, 2011

BRUSSELS (AFP) -- Eurozone leaders offered Greece on Thursday some respite from its crippling debt burden while warning Athens could still face a dramatic default as they battled to prevent the debt crisis from spreading.The eurozone will provide Greece fresh loans, take steps to reduce the country's 350-billion-euro debt and open the door for the private sector to contribute to a second bailout,
Intel and Qualcomm show changing face of computing

Jul 21, 2011

SAN FRANCISCO (AP) ― The changing face of the computer industry was on display Wednesday as two companies representing the old guard and the new issued strong results for the latest quarter.Intel, a bedrock of the PC business, and Qualcomm, a vanguard in mobile computing, showed how companies at opposite ends of the computing spectrum are adapting to a market that’s in intense upheaval. The Intel
Nokia set for fresh smartphone pain

Jul 21, 2011
Obama open to short-term debt fix if deal agreed

Jul 21, 2011
Obama holds new crisis debt talks

Jul 21, 2011

WASHINGTON (AFP) – U.S. President Barack Obama met separately Wednesday with his top Democratic allies and Republican foes to hammer out a compromise that would avert a disastrous early August debt default.But the negotiations wrapped up without news of a breakthrough.With an August 2 deadline looming, White House spokesman Jay Carney said Obama would accept a short-term deal to raise the debt cei
Merkel, Sarkozy agree on Greek rescue package

Jul 21, 2011

BERLIN (AFP) -- German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed early Thursday on a "joint position" concerning a Greek rescue package, a French delegation source said.This position, reached after hours of discussions, would be submitted to EU president Herman van Rompuy overnight and would be the basis for discussions among eurozone leaders in Brussels on Thursday, th
Goldman humbled by weak earnings

Jul 20, 2011
‘Economic impact of BOJ asset buying unclear’

Jul 20, 2011
`Cut cap and balance' debt measure passes House

Jul 20, 2011

WASHINGTON (AP) -- The House of Representatives has passed legislation conditioning a $2.4 trillion increase in the nation's borrowing cap on a tea party-backed plan to require immediate spending cuts and a constitutional amendment requiring a balanced budget.The 234-190 vote sends the ``cut, cap and balance'' plan to the Democratic-controlled Senate, where it has virtually no chance of passing.Wi