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[Joseph E. Stiglitz] Fixing global economic governance

ViewpointsOct 26, 2023

Following the annual meetings of the International Monetary Fund and the World Bank this month, the Middle East is teetering on the edge of a major conflict, and the rest of the world continues to fracture along new economic and geopolitical lines. Rarely have the shortcomings of world leaders and existing institutional arrangements been so glaringly obvious. The IMF’s governing body could not even agree on a final communique. True, the World Bank, under its new leadership, has committe
[Robin Abcarian] Biden’s balancing act is the only choice

ViewpointsOct 26, 2023

President Joe Biden's voice may be more of a whisper than a roar these days, but on Thursday night, he was as loud and strong as he's ever been. "The terrorist group Hamas unleashed pure unadulterated evil in the world," Biden said. "But sadly, the Jewish people know, perhaps better than anyone, that there is no limit to the depravity of people when they want to inflict pain on others." Condemning the corrosive forces of antisemitism and Islamophobia, he said the
[Editorial] Back to basics

EditorialOct 26, 2023

Kakao, an internet company that has grown from a mobile messenger to Korea's 15th largest business group in asset terms, is facing a crisis. Kim Beom-soo, its founder, largest shareholder and former chairman, was summoned and questioned Monday by the Financial Supervisory Service in connection with alleged stock price manipulation. He is suspected of conspiring to artificially boost the price of SM Entertainment shares to frustrate Hybe's tender offer for SM stocks. Earlier, the FSS in
[영어답게 표현하기] 유용한 비즈니스 영어 표현들

English EyeOct 25, 2023

이번 회에는 저희 책 Advanced Vocab에서 소개한 중상급 영단어들을 알려드립니다. 단어의 우리말 뜻을 기억하는 데에 그치지 않고, 난이도 있는 단어를 실제로 활용하는 단계까지 나아가 보기 바랍니다. 〈혼란함, 복잡함〉 1. helter-skelter [héltər skéltər] 혼란스럽고 무질서한 명사로 ‘혼란’이나 ‘무질서’를 뜻하며, 형용사나 부사로 쓰여 정신없는 움직임을 강조하기도 한다. As the stock index both hit an all-time high and plummeted to a five-year low within the same 12-month period, investors endured a helter-skelter ride. 주가가 역대 최고치를 기록한 후 5년 내 최저치로 곤두박질치는 일이 1년 안에 일어나면서 투자자들은 정신없는 시간을 견뎌야 했
[Korea Quiz] Iconic goods at Seoul markets

Hashtag KoreaOct 25, 2023

Find the answer at the bottom. Although it is widely regarded as being one of the world's most technologically advanced cities, South Korea's capital has integrated traditional markets into its urban economy. Local street markets, primarily frequented by elderly citizens and wholesale merchants, have evolved into captivating attractions offering cultural and culinary experiences not easily found elsewhere in Seoul. While not all street markets are synonymous with specific products,
[Lisa Jarvis] Telehealth should stick around

ViewpointsOct 25, 2023

The COVID pandemic seemed to worsen teens’ and adolescents’ mental health, according to several recent studies. But now, new research shows a reason for hope: Telehealth seems to be giving many more kids access to support. That’s a win worth celebrating. And it should push us to ensure virtual care is more permanently and equitably integrated into mental health services for minors. The worrisome gap between kids who need help and those who get it predates the pandemic. For exam
[Editorial] Carry out real reforms

EditorialOct 25, 2023

In the conflict-laden arena of South Korean politics, reform is a much-abused word that often rings hollow and invokes skepticism. Politicians from both ruling and main opposition parties have long disappointed the public by only talking up the need for reforms without taking the real steps necessary to overhaul their parties. The ruling People Power Party appointed Ihn Yo-han, also known as John Linton, as the chair of its innovation committee on Monday. Ihn, a professor at Yonsei University Co
[Kim Seong-kon] Three movies our politicians must watch

ViewpointsOct 24, 2023

Three futuristic Hollywood thrillers, “Doom,” “Dune” and “Heart of Stone,” illuminate compelling issues we are now facing due to our problematic politicians. In “Doom,” which is set in 2046, an unknown creature attacks researchers at the Union Aerospace Corporation on Mars. Eight marines, including team leader, Sergeant “Sarge” Mahonin, and John “Reaper” Grimm, arrive at the research facility to eliminate the unidentified as
[해커스 TEPS] 텝스 시험대비 단기간 고득점 단어 & 문법 5문제

English EyeOct 24, 2023

2) 해커스 텝스 문법 Part Ⅰ Choose the best answer for the blank. 1. A: You bought a present for Agatha last night, didn’t you? B: Yes, I _____ buy one. I put it in my room. (a) do (b) did (c) had (d) have 해석 A: 너 어젯밤 Agatha를 위해 선물을 샀지, 그렇지 않니? B: 응, 난 분명히 그걸 샀어. 그것은 내 방에 두었어. 해설 적절한 조동사 채우기: do 의미에 맞는 조동사를 채우는 문제이다. '너 어젯밤 Agatha를 위해 선물을 샀지, 그렇지 않니?'라고 확인하는 A의 말에 B가 '물론이지'라고 답하는 것으로 보아 문맥상 빈칸 뒤에 올 말은 '분명히 선물을 샀다'는 강조의 의미가 되어야 한다. 따라서 동사의 의미를 강조하여 '분명히 했다'라는 뜻을 나타내는 (a) do와 (b) did가 정답 후
[Lili Yan Ing] G7’s anti-coercion campaign against China

ViewpointsOct 24, 2023

On Oct. 28-29, Japan will host the G7 Trade Ministers’ Meeting in Osaka. The primary focus of the gathering will be improving supply-chain resilience and strengthening export controls on critical minerals and technologies. But China’s “economic coercion,” particularly the widespread disruption caused by its non-transparent and market-distorting industrial policies, is also expected to be high on the agenda. Since joining the World Trade Organization in 2001, China has rep
[Editorial] Graphite this time

EditorialOct 24, 2023

China on Friday unveiled plans to restrict exports of graphite, a material crucial to the manufacture of batteries for electric vehicles. The plans follow Beijing's export curbs that took effect from Aug. 1 on gallium and germanium products used to manufacture advanced semiconductors. According to the notice jointly issued by China’s Ministry of Commerce and General Administration of Customs, the graphite export controls are for the sake of the national security and interests and effe
The Herald Retiree’s Club

Social affairsOct 23, 2023

HERALD CLUB -- The Herald Retiree’s Club held an "Ansan Dulegil Hiking" event on the outskirts of Seoul on Oct. 21. Around 40 members participated in this annual autumn trek, walking along the forest path adorned with red autumn leaves and enjoying camaraderie. The club chairman, Park Haeng-hwan (fourth from left, front row), Honorary Chairman Yoon Ik-han (fifth from left, front row), Adviser Kwon Chung-won (second from left, back row), CEO Jeon Chang-hyeop (sixth from left, fron
Things to note to prevent disputes in international contracts: The critical clause of governing law

Social affairsOct 23, 2023

With globalization, various types of international contracts have emerged, emphasizing the importance of well-reviewed international contracts. It is important to understand the core of international contracts, as disputes in international trade could dramatically increase the costs in terms of time and money. Here, we discuss the concepts of international contracts with Attorney Han Daeun, from law firm Law-win. Q. What is an international contract? An international contract is a legally bi
[Peter Mansoor] 9/11 lessons for a Gaza invasion

ViewpointsOct 23, 2023

After the invasion of southern Israel by Hamas militants, Israeli Prime Minister Benjamin Netanyahu on Wednesday vowed to destroy Hamas. “We are fighting a cruel enemy, worse than ISIS,” Netanyahu said, comparing Hamas with the Islamic State group, which was largely defeated by US, Iraqi and Kurdish forces in 2017. On the same day, Israeli Defense Minister Yoav Gallant went further, stating, “We will wipe this thing called Hamas, ISIS-Gaza, off the face of the Earth. It will ce
[Jeffrey Frankel] China's Great Leap Backward

ViewpointsOct 23, 2023

Ten years ago this November, the 18th Central Committee of the Communist Party of China (CPC) held its Third Plenum, outlining a series of far-reaching reforms designed to sustain China’s rapid economic growth. Around that time, a naive extrapolation based on the difference in growth rates between China and the United States suggested that China’s GDP would overtake America’s by 2021. Some speculated that this could happen as early as 2019. These predictions have been far off t