The leaders of Korea, China and Japan agreed on December 13 that Asia must be the engine of growth to curb the global financial crisis and pledged to closely cooperate in order to help boost the world economy. The three leaders made the vow during their f
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In December, America’s unemployment increased sharply with the number of Americans filing for jobless benefits at a 34-year high. He urged passage of a new New Deal program to convert rising unemployment into an opportunity to transform the economy.
The Bank of Korea (BOK) said on November 28 that Korea became a net debtor nation for the first time in eight years during the third-quarter. The BOK said it was mainly due to Korean banks and companies’ increase in borrowings from other countries to sid
American researchers found that banning fast food advertisements reduces childhood obesity. The new study measured the effect of TV fast-food ads, with results indicating that a ban on fast food commercials would reduce the number of obese children by 18
On November 15, leaders from 21 nations and four international organizations gathered in Washington for an emergency economic summit. The meeting was held to discuss ways to combat the global economic slump that started in the U.S. and rapidly spread arou
In televised interviews last Sunday, Mr. Obama has pledged to move with deliberate haste to confront the country’s financial problems. According to a new report, the unemployment rate climbed to a 14-year high in October, and 10.1 million people were out
The scandal surrounding the industrial chemical melamine seems to be ongoing. Experts say melamine is already widespread in the global food chain. First, it was found in baby milk powder. Then, it was found in China-made food products from cookies to choc
U.S. President George W. Bush said last Saturday that now is not the time for countries to abandon open market policies or make changes that would threaten free enterprise, urging patience in the world’s economic crisis. He will host a global summit on t
China’s Premier Wen Jiabao announced that the government was partly responsible for the tainted milk scandal that has sickened a number of infants. The melamine milk powder crisis has also shaken consumer confidence in the country’s food exports.
According to the Ministry of Education, Science and Technology, the government is planning to spend 70 billion won by 2012 to support students with multi-cultural backgrounds. The number of multi-cultural families in the nation keeps rising steadily due t
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