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Word: majorities (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...Kaesong industrial zone, opened in 2004, was developed mainly by South Korea as part of Seoul's attempts to engage its northern neighbor through economic cooperation, and today it houses more than 100 South Korean companies that employ about 40,000 North Koreans. The zone has been a major source of trade for North Korea, but that hasn't stopped Pyongyang from threatening its operations. In May, North Korean officials said that all contracts regarding the South Korean companies in the park were nullified. Pyongyang is demanding higher wages for workers and other payments that could threaten the park...

Author: /time Magazine | Title: North Korea's Other Crisis: An Economy in Tatters | 6/30/2009 | See Source »

Other types of aid haven't been flowing into North Korea as in the past, either. During the decade in which South Korea pursued its "sunshine policy" of engagement with the North, Seoul became a major trading partner and source of aid, especially of much needed fertilizer. But current South Korean President Lee Myung Bak reversed the policy when he took office in 2008, linking economic cooperation with Pyongyang's dismantlement of its nuclear-weapons program. The result is that North Korea is now more dependent than ever on its main patron, China. Nicholas Eberstadt, a North Korea expert...

Author: /time Magazine | Title: North Korea's Other Crisis: An Economy in Tatters | 6/30/2009 | See Source »

...major problem that led to the crisis was that financial institutions--especially the largest, most complex and important ones--weren't held to a high enough standard. In boom times, that problem wasn't visible, but those firms turned out not to have the capital and liquidity cushions they needed in times of true stress. Our plan fixes that too. There are a whole range of areas--from consumer protection to the establishment of a coordinating council of regulators--where our plan puts in place measures that would have made it more unlikely for things...

Author: /time Magazine | Title: Geithner Q&A | 6/29/2009 | See Source »

...service" payment system that awards more fees to doctors and hospitals for providing more services, and the regulated electricity rates that reward utilities for selling more power and building more plants - would not solve all our health-care and energy problems. But it would be a major step in the right direction. President Obama has pledged to pass massive overhauls of both sectors this year, but if Congress lacks the stomach for comprehensive reforms - and these days it's looking like Kate Moss in the stomach department - a more modest effort to realign perverse incentives could take a serious bite...

Author: /time Magazine | Title: The Key to Fixing Health Care and Energy: Use Less | 6/29/2009 | See Source »

...these marvelous and at the same time overwhelming works for 95 years. Founded in the town of the same name - by Ichizo Kobayashi, a locally born railway magnate who thought that lively entertainment would attract more tourists and thus increase rail traffic - the theater group now averages about 10 major productions a year, each with a lead time of about eight months. Faced with shrinking audiences and increased competition from all forms of digital entertainment, its producers are trying to make the shows more dazzling and singular than ever before...

Author: /time Magazine | Title: Takarazuka: Putting On the Glitz In Japanese Theater | 6/29/2009 | See Source »

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