Word: jong
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...prediction would have once been laughable. After all, North and South Korea are still technically at war, and in the autumn of 2006 Pyongyang's insular regime defied the world by testing a nuclear bomb. But since February 2007, when North Korean dictator Kim Jong Il struck a deal with the U.S., Japan, Russia, China and South Korea to begin dismantling his nuclear program in exchange for aid and normalized relations with Washington, there has been a burst of cooperation between the two Koreas. In mid-December, a direct rail link opened between Seoul and the Kaesong Industrial Complex across...
...Indeed, when Lee is inaugurated next month, he will assume office at a crucial time for the Korean peninsula. In October, outgoing South Korean President Roh Moo Hyun met in Pyongyang with Kim Jong Il, marking just the second inter-Korean summit ever. The North may also be on the brink of a historic peace agreement with the U.S. - one that President George W. Bush, in his last year in office, appears to want desperately in order to shore up his controversial foreign-policy legacy. A deal between Washington and Pyongyang - predicated on the North verifiably giving up its nuclear...
...Edwards sees it, the people standing in the way of progress are not Osama bin Laden or Kim Jong Il, not even George W. Bush and the Republicans. The evildoers that Edwards promises to vanquish - to the delight of most crowds; "Go get 'em, John" is a frequent shout from the crowd - are America's CEOs. "I see the CEO of one of the biggest health insurance companies in America making hundreds of millions of dollars last year in one year. I see Exxon Mobil making billions and billions of dollars in profit, record profits. The top 1% of Americans...
...global market by a dwindling dollar. But for these U.S. manufacturers, the weak dollar is a spark of good news in an otherwise gloomy outlook. "If I were a policymaker in the U.S., I'd be happy to see the dollar slide," says ABN Amro's de Jong...
...Federal Reserve, said it's "absolutely conceivable that the euro will replace the dollar as [the] reserve currency, or will be traded as an equally important reserve currency." If that ever happens, says HSBC chief economist Stephen King, "the dollar goes into free fall." ABN Amro's de Jong agrees that this would trigger a crisis, but doesn't think it will happen anytime soon: "Ultimately, the U.S. will lose its unique reserve-currency status, but it may take 20, 30 years." At the moment, he says, "the world simply doesn't have an alternative...