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...Exchange Commission to launch initial public offerings of new real estate investment trusts (REITs). The plan is to use proceeds from the IPOs as well as government financing programs to either purchase or originate real estate loans and mortgage-related securities on the cheap. (See pictures of high-end homes that won't sell...
...speed. In its first six months, only two articles made it through the process. To spur better production, Sanger suggested creating a counterpart that anyone could contribute to without editorial review. Wikipedia.com went live on Jan. 15, 2001, and the new model quickly eclipsed its older sibling. By the end of the first year, Wikipedia contained more than 20,000 articles in 18 languages. Since then, the site has grown rapidly, swelling to 250,000 articles by 2004 and a million by 2006. (See the 50 best inventions...
...Those days came to an end in December 1997, when on his fourth try for the presidency he was elected - the first leader to be elected from an opposition party in South Korea's history. (A fellow dissident and political rival, Kim Young Sam, had thrown in with the ruling party when he was elected in 1992.) Kim's election, more than anything, showed that democracy had come to South Korea to stay. (See pictures of brawling legislators in Seoul...
...year 2000, Kim made a historic mark diplomatically. He traveled to Pyongyang for a summit with North Korean dictator Kim Jong Il - the first meeting between North and South Korean leaders since the end of the war. The meetings came as part of Kim's so-called Sunshine Policy, which sought economic and diplomatic engagement with Pyongyang. His hope was that a more dovish stance toward the North would convince Pyongyang to rid itself of its nuclear-weapons program. He explicitly stated that reunification of the Korean peninsula would come only after a long period of "peaceful coexistence" with...
Campaigning officially kicked off Tuesday in Japan as candidates for the Diet's upcoming elections took to the streets to canvas for votes. And while the Aug. 30 general election could be revolutionary - with Japan on the cusp of a regime change that could end nearly 54 years of virtually unbroken rule - candidates' official campaigning methods are far from it. With 12 days to go until national elections, candidates rode in vans, armed with banners, leaflets and loudspeakers for soapbox speeches at train stations and street corners across the nation. But as their names were blared out on the first...