Business as usual for South Korea's chaebol under Park

Business as usual for South Korea's chaebol under Park


Business as usual for South Korea's chaebol under Park

Posted: 19 Dec 2012 11:00 PM PST

South Korea's conservative President-elect Park Geun-hye speaks during a news conference at the main office of ruling Saenuri Party in SeoulSEOUL (Reuters) - A Park will be back in South Korea's presidential mansion come February, and the big businesses, or chaebol, that dominate the country's economy will be breathing a sigh of relief that her left-wing challenger did not win Wednesday's presidential vote. Victory for Park Geun-hye, the 60-year old daughter of South Korea's former military ruler, in the election means the top chaebol - five of whom control assets worth 57 percent of gross domestic product in the world's 14th largest economy - can get back to the business of making money. ...


Iraqi president taken to Germany for treatment

Posted: 19 Dec 2012 11:18 PM PST

Iraqi Presidential security stand guard next to the Presidential ambulance outside the hospital where Iraqi President Jalal Talabani is receiving treatment at the Medical City in Baghdad, Iraq, Wednesday, Dec. 19, 2012. Talabani's doctors have not formally said that the 79-year-old statesman suffered a stroke, though several other government officials have confirmed that is the case. Foreign medical experts began arriving in Baghdad on Wednesday to assist Iraqi doctors treating ailing President Jalal Talabani, who remains in a Baghdad intensive care unit after suffering a stroke. (AP Photo/ Karim Kadim)BAGHDAD (AP) — A Kurdish lawmaker says Iraqi President Jalal Talabani has been flown to Germany for further medical treatment after suffering a stroke earlier this week.


After Buffett, Obama and Boehner's Plan B, Who Wants To Be A Millionaire?

Posted: 19 Dec 2012 03:34 PM PST

Who Wants to Be a Millionaire? (Philippine game show) (Photo credit: Wikipedia) Being a millionaire isn't what it used to be. Even so, nearly everyone still wants to be one. In a Strange Bedfellows combination, President Obama, Speaker John Boehner and Warren Buffett all seem to be in sinc about taxing [...]

VIDEO: 'Nazi-looted' posters to be sold

Posted: 19 Dec 2012 11:17 PM PST

A rare collection of turn-of-the-century posters by some of the biggest names in art are to go under the hammer in New York.

Business as usual for South Korea's chaebol under Park

Posted: 19 Dec 2012 11:00 PM PST

SEOUL (Reuters) - A Park will be back in South Korea's presidential mansion come February, and the big businesses, or chaebol, that dominate the country's economy will be breathing a sigh of relief that her left-wing challenger did not win Wednesday's presidential vote.

Yemen's president shakes up the army

Posted: 19 Dec 2012 11:03 PM PST

President Abd-Rabbu Mansour Hadi issues series of decrees replacing and removing ousted Ali Abdullah Saleh's loyalists.

Top Egyptian elections official steps down

Posted: 19 Dec 2012 10:58 PM PST

Official overseeing referendum on draft constitution resigns amid allegations of irregularities.

China's airing of 'V for Vendetta' stuns viewers

Posted: 19 Dec 2012 11:01 PM PST

FILE - In this Oct. 21, 2011 file photo, masks, including "V for Vendetta," left, are displayed at a Ricky's Halloween store in New York. Television audiences across China watched an anarchist antihero rebel against a totalitarian government and persuade the people to rule themselves. Soon the Internet was crackling with quotes of BEIJING (AP) — Television audiences across China watched an anarchist antihero rebel against a totalitarian government and persuade the people to rule themselves. Soon the Internet was crackling with quotes of "V for Vendetta's" famous line: "People should not be afraid of their governments. Governments should be afraid of their people."


Pakistan reports 9th death in polio team attacks

Posted: 19 Dec 2012 10:59 PM PST

PESHAWAR, Pakistan (AP) — Pakistani officials say another victim from attacks on U.N. backed anti-polio teams has died, bringing the three-day toll to nine.

Thailand to extradite Italian accused of mob ties

Posted: 19 Dec 2012 09:34 PM PST

BANGKOK (AP) — A Thai court on Thursday ordered the extradition of a fugitive Italian banker found guilty of laundering money for some of Italy's top mobsters through New York pizzerias in the 1970s and '80s.

Al Qaeda grows powerful in Syria as endgame nears

Posted: 19 Dec 2012 10:06 PM PST

A house, destroyed by an airstrike by Syrian government forces two days ago according to local residents, is seen in Azaz cityAMMAN (Reuters) - Having seen its star wane in Iraq, al Qaeda has staged a comeback in neighbouring Syria, posing a dilemma for the opposition fighting to remove President Bashar al-Assad and making the West balk at military backing for the revolt. The rise of al Qaeda's affiliate in Syria, al-Nusra Front, which the United States designated a terrorist organisation last week, could usher in a long and deadly confrontation with the West, and perhaps Israel. ...


Rights group calls for release of activist missing in Laos

Posted: 19 Dec 2012 10:05 PM PST

BANGKOK (Reuters) - Laos should release a prominent rights activist who went missing this month, an international human rights group said on Thursday, although authorities there have said they do not know where he is or who was responsible for his disappearance. Sombath Somphone, 60, disappeared on December 15 in the Lao capital, Vientiane, after being stopped by police while driving his jeep from the development agency he founded, human rights groups say. ...

AMT Will Hit 100M People, Warns IRS Commissioner

Posted: 19 Dec 2012 02:36 PM PST

100 Million BC (Photo credit: Wikipedia) This isn't a world ending prediction, but it seems staggering all the same. It was bad enough when we learned that 30 Million Taxpayers Face Alternative Minimum Tax Right Now. Now triple that number and add another 10 million. The alternative minimum tax (AMT) can drive up [...]

Al Qaeda grows powerful in Syria as endgame nears

Posted: 19 Dec 2012 10:29 PM PST

AMMAN (Reuters) - Having seen its star wane in Iraq, al Qaeda has staged a comeback in neighbouring Syria, posing a dilemma for the opposition fighting to remove President Bashar al-Assad and making the West balk at military backing for the revolt.

Rights group calls for release of activist missing in Laos

Posted: 19 Dec 2012 10:05 PM PST

BANGKOK (Reuters) - Laos should release a prominent rights activist who went missing this month, an international human rights group said on Thursday, although authorities there have said they do not know where he is or who was responsible for his disappearance.

Auditor finds IMF was pressured by U.S. to fault China

Posted: 19 Dec 2012 05:03 PM PST

The International Monetary Fund, at the urging of the United States, shaped recent research to pressure China over its economic policies, according to a study released Wednesday by the fund's in-house watchdog.

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Science Goes Over The Fiscal Cliff

Posted: 19 Dec 2012 04:51 PM PST

If America doesn't want to listen to experts, we'll be going over a lot worse cliff than just financial.

India's Modi looks set to win state poll, may boost PM ambitions

Posted: 19 Dec 2012 11:12 PM PST

Gujarat's CM Modi receives a rose garland by his supporters during an election campaign rally ahead of the state assembly elections at Fagvel village in GujaratNEW DELHI (Reuters) - Narendra Modi looked set to win a fourth successive term as the chief minister of India's Gujarat state on Thursday, a victory that could launch the prime ministerial ambitions of one of the country's most popular but controversial leaders. Modi's Bharatiya Janata Party (BJP) was leading in 115 out of 182 seats, against 62 seats for the Congress party, which heads India's national government, according to the Election Commission website at 0523 GMT. The final result is likely to have repercussions far beyond the borders of the prosperous western state of 60 million ...


Colombian lawmakers approve controversial tax reform

Posted: 19 Dec 2012 07:47 PM PST

BOGOTA (Reuters) - Colombia's Congress gave the green light on Wednesday to a controversial bill that aims to streamline the country's complicated tax system but at the cost of reducing government tax receipts going forward. Adjustments to President Juan Manuel Santos' tax proposal were seen as a bitter pill for his administration, which had wanted a reform that was revenue neutral for Latin America's fourth-largest economy. ...

India's Modi looks set to win state poll, may boost PM ambitions

Posted: 19 Dec 2012 11:12 PM PST

NEW DELHI (Reuters) - Narendra Modi looked set to win a fourth successive term as the chief minister of India's Gujarat state on Thursday, a victory that could launch the prime ministerial ambitions of one of the country's most popular but controversial leaders.

Obama Threatens to Veto Boehner’s Fiscal ‘Plan B’

Obama Threatens to Veto Boehner’s Fiscal ‘Plan B’


Obama Threatens to Veto Boehner’s Fiscal ‘Plan B’

Posted: 19 Dec 2012 12:35 PM PST

The president wants an extension of unemployment benefits and tax breaks for the working poor.

Hosni Mubarak treated in hospital

Posted: 19 Dec 2012 01:16 PM PST

Ousted Egyptian leader Hosni Mubarak is treated in a military hospital after slipping and injuring his head, Egyptian state media say.

Clinton not responsible for Benghazi shortcomings: inquiry

Posted: 19 Dec 2012 01:27 PM PST

WASHINGTON (Reuters) - The leaders of an official inquiry into the fatal attack on a U.S. mission in Benghazi, Libya, did not find Secretary of State Hillary Clinton responsible for security lapses even as they outlined widespread failings within her department.

Sudan, South Sudan to discuss rebel support next month

Posted: 19 Dec 2012 01:17 PM PST

KHARTOUM/JUBA (Reuters) - Sudan and South Sudan will tackle the sensitive issue of support for rebel groups for the first time when they resume security talks next month, Sudan's defense minister said on Wednesday.

Georgia detains three former state officials for bribery

Posted: 19 Dec 2012 12:48 PM PST

TBILISI (Reuters) - Georgian prosecutors detained three former senior officials and the head of a power company on Wednesday, widening an investigation which the opposition says is a political witch-hunt by the new government.

Google captures 2012 zeitgeist

Posted: 19 Dec 2012 12:49 PM PST

The internet giant's analysis reveals that Whitney Houston topped the world's search term rankings.

Three State Dept. officials resign following Benghazi probe findings, news reports say

Posted: 19 Dec 2012 12:18 PM PST

The State Department's chief of security and two other officials have resigned from their positions, the Associated Press and CNN are reporting, following an independent investigation of the fatal attack on a U.S. diplomatic post in Libya that found that "grossly" inadequate security and reliance on local militias left U.S. personnel vulnerable.

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Trial of Peru’s Comrade Artemio gets underway

Posted: 19 Dec 2012 12:06 PM PST

BOGOTA, Colombia — Florindo Eleuterio Flores, otherwise known as Comrade Artemio, spent 20 years at large in the eastern hills of the Peruvian Andes, carrying an AK-47 assault rifle.

Holding red flags with yellow hammers and sickles and sporting T-shirts with "Popular Guerrilla Army" emblazoned on the front, he continued to wage a revolutionary war against the state that most Peruvians only wanted to forget.

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Iran's supreme leader 'likes' Facebook despite ban

Posted: 19 Dec 2012 11:15 AM PST

Iran's supreme leader 'likes' Facebook despite ban

Yemeni president abolishes two major military units

Posted: 19 Dec 2012 12:13 PM PST

SANAA (Reuters) - Yemen's president abolished two major military units on Wednesday, state television reported, a move that appeared aimed at undermining a political rival and could deepen instability in the impoverished Arab state.

Rebels seize CAR town, push closer capital

Posted: 19 Dec 2012 12:15 PM PST

BANGUI (Reuters) - Rebels pushed closer to the capital of Central African Republic on Wednesday despite a military intervention by neighboring Chad meant to halt their rapid advance in the mineral-rich country.

U.N. chief pushes for regional deal to end Congo crisis

Posted: 19 Dec 2012 12:17 PM PST

UNITED NATIONS (Reuters) - U.N. Secretary-General Ban Ki-moon expressed alarm on Wednesday at the crisis in the east of the Democratic Republic of the Congo and said he had discussed a plan to bring stability to the region with leaders of Rwanda, Uganda and other African states.

Israel pushes forward with new settlements

Posted: 19 Dec 2012 12:08 PM PST

Approval of more settler homes accelerate Palestinian plans to appeal to International Criminal Court, official says.

Scarlett Johansson in ‘Cat on a Hot Tin Roof’

Posted: 19 Dec 2012 11:56 AM PST

Scarlett Johansson, gravitating toward portraying flintier characters than those she portrayed earlier in her career, has returned to Broadway in Tennessee Williams's "Cat on a Hot Tin Roof."

Leading Off: A Sad Close to the Tebow Show

Posted: 19 Dec 2012 10:06 AM PST

Was the Jets' only goal in signing Tim Tebow to have a buzzy news conference? He may have to play elsewhere to resurrect his career.

VIDEO: Afghans face struggle for divorce

Posted: 19 Dec 2012 11:42 AM PST

Obtaining a divorce in Afghanistan is a difficult process when most couples chose to marry in the traditional way of giving their verbal consent rather than signing a legal document.

Italian president indicates February 24 election date

Posted: 19 Dec 2012 12:11 PM PST

ROME (Reuters) - Italy's president gave a strong indication on Wednesday that next year's election would be held in late February, as the country prepares to replace a technocrat government that has ruled for over a year.

Sri Lanka's chief justice appeals parliament report

Posted: 19 Dec 2012 11:38 AM PST

COLOMBO (Reuters) - Sri Lanka's chief justice appealed on Wednesday against a report by a parliamentary panel which said she was guilty of financial irregularities and failing to declare her assets, a case which has raised tensions between the government and the judiciary.

Park claims South Korea presidency

Posted: 19 Dec 2012 11:28 AM PST

Amid frigid temperatures, South Koreans headed to the polls to elect a new president in a nation increasingly anxious about its economy.

Park claims historic South Korea victory

Posted: 19 Dec 2012 08:13 AM PST

Amid frigid temperatures, South Koreans headed to the polls to elect a new president in a nation increasingly anxious about its economy.