The New York TimesSunday, May 24, 2009
South Korea on Edge After Ex-President's Suicide
The New York TimesWednesday, May 20, 2009
Arms Sent by U.S. May Be Falling Into Taliban Hands
The New York TimesThursday, May 14, 2009
India's Path to Economic Reform Reaches a Fork
In
The Bharatiya Janata Party is the main opposition party to the current Congress Party that is promising to provide the struggling diamond industry with subsidies and to protect the farmland from excessive reforms, “dubious industrial projects”.
Amid the global economic downturn,
Regardless of which party comes to power in voting that ended on Wednesday, the next stage of Indian reforms will be controversial.
A decade of high growth and increasing prosperity has created beliefs among many people in the political class that it is not necessary to seek for openness to investment, fewer state-owned companies, or greater deregulation of the private sector. Regarding banks, whose 70 percent of shares are held by the government, Sonia Gandhi, the Congress Party’s president, said that the nationalization of banks has “given our economy the stability and resilience we are now witnessing in the face of the economic slowdown.” As well, he insisted to retain a majority stake in state-owned companies. Congress Party is proud of their achievements of saving
On the other hand, economists and political analysts who believe the necessity of deeper reforms in
Since the subprime mortgage crisis in the
Meanwhile, Rajeev Chandrasekhar, an independent member of the upper house of Parliament and an entrepreneur, said he was worried that the country would end up facing a new crisis if it doesn’t undertake the next series of reforms as soon as possible.
Opinion: I believe this kind of controversy between openness and closeness is what a economically developing country is destined to face. South Korea also faced the same controversy in the 1970s to 1980s when the country's economy boosted and people were discussing whether they should accept external influences or not. Korea's president Park Chung Hee imposed a policy of opening its gates to the world and learned new technologies and economic systems to further improve the nation's economy. The result of this was both advantageous and disadvantageous. Influx of foreign technologies enabled the country's industrail development and led to creation of jobs. As well, exporting goods earned a huge amount of money. On the other hand, foreign capitalists dominated Korea's economy, taking away Korean businesses' room to rise on the horizon. Considering both advantages and disadvantages, I believe it is necessary for Indian government to make a wise decision that can balance between opennes and closeness to both develop and protect its developing economy. As well, as Prakash Kara warned, it is critical to make social reforms such as establishment of reliable economic system and building infrastructure, changing labour laws, and streamlining licensing requirements. Such a social reform would benefit the nation's economy in the long run because establishment of ineffective economic system can directly lead to recession just like South Korea fell into IMF crisis after years of economic growth. With the huge population and cheap labour, India has a incredible potential to become a world power in terms of economy. For it to achieve the status in the world relations, it should answer the question of openness and closeness wisely and establish effective economic system that they can rely on in their long run.
Tuesday, May 12, 2009
China Observes Anniversary of Quake
The New York TimesThe earthquake a year ago this week killed 87,000 people
President Hu Jintao said Tuesday during a commemoration, “the great task of earthquake rescue and recovery reminds us again that unity is strength, and that victory can only be gained through struggle.”
Opinion: We learned in class that one of the characteristics of an authoritative government is controlling press. Controlling press means that people are not free to express their opinion. In contrast, a democratic government protects people's freedom of speech. I have heard many times that China is moving towards democracy from authoritarian. Thus, it is crucial for the chinese government to understand the importance of people's opinion and how they should respect them. The way the government dealt with the earthquake was a violation of freedom of speech. Parents who try to speak up for investigation and strict governmental regulation on school buildings have been harrassed and jailed. As well, reporters are deprived of their rights to inform people with the truth. I understand that the government is worried of social unstability angry people might cause. However, the government has to realize that organized protests are an important part of democratic society. The government has to listen to people and work on behalf of them in order to finally establish democracy in the country.
Friday, May 08, 2009
U.S. Jobless Rate Hits 8.9%, but Pace of Losses Eases
The New York TimesSupporting the Treasury’s claim that American banks are healthier than many analysts had anticipated, the jobs report presented made it clear that the nation is starting to drive out of the economic downturn. Panic that settled in people minds after the bankruptcy of the prominent investment bank Lehman Brothers has alleviated. Relief, rather than panic, is becoming more dominant motif of American commercial life. Ethan Harris, one of the chiefs of
Opinion: It is great to hear that the pace of the jobless rate eases although it is still worsening. As some economists believe or wish, I also wish the economy finally arrives at the relenting stage. However, we have to be aware of the fact that the jobless rate looks great only by comparsion with recent months. The numbers are still appalling compared to the times when economy was doing well. Also, the jobless rate has increased because more people seek jobs, not because businesses are inclined to hire workers. This means that businesses can still not afford to pay more workers. Therefore, I believe it is most important for the government to balance out direct and indirect plans. Direct plans will support people or businesses who are struck by the economic crisis and need help to go over it. The indirect plans will establish fundamental sectors of economy such as new energy, and transportation. In order to create more jobs, the government should invest in a growing industry such as renewable energy.
Monday, May 04, 2009
Flu, Mostly Mild, Has Spread Across U.S.
The New York TimesWednesday, April 22, 2009
South Africans Vote, Likely for Status Quo

Opinion: First of all, I am impressed how South African people gathered at the polling station at midnight to cast their ballots on the election taking place next morning. Many people here in Canada and in my country Korea seem to be indifferent of thier privilege of suffrage. However, they were in realization of the importance of voting. One of the other articles about this South African election shows an interview with a 20-year-old student. He spoke about making a difference and having their voice heard. I also agree that the right to vote is something that is extremely important and is worth waiting hours to cast my ballot. This is because that is one of many easy ways to have your voice heard and participate in democratic society where people have freedom of speech. Second of all, I think South Africa citizens should now become more thoughtful of their selection rather than voting for the African National Congress party out of thankfulness for the party's past achievement of liberation. Because the party has currently been accused of corruption, people should become more careful. Their wrong decision can easily lead to the country's fall to the political corruption. In this context, I agree with former President Thabo Mbeki that people should vote according to their judgement on conscience. In order to complete the most ideal form of government Abraham Lincoln proposed in his Gettysburg speech, people's active and conscientious participation is critical. "The government of the people, by the people, and for the people" can only be established with people's righteousness and such a government "shall not perish from the earth".