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Corzine has yet to master public speaking or the nuances of public policy, but he has emerged as more than a human checkbook. A mix of Mister Rogers and Warren Buffett, he talks softly and lives simply in a plain house in Summit. He earned his money the old-fashioned, pre-dotcom way, as one of the most successful, nerves-of-steel bond traders in Wall Street history. A Phi Beta Kappa graduate of the University of Illinois and a former Marine, he worked his way through the University of Chicago's business school and up the ladder at Goldman...
There is, as ever, more at stake in Korea than simply Korea, and the breakthrough summit between the leaders of North and South signals a changing game for all the players on this most dangerous of Cold War chessboards. The Korean War, which ended with a cease-fire rather than a peace treaty 47 years ago, was fought less because Koreans themselves couldn't get along than because the West, Russia and China were jostling to expand their "spheres of influence." The end of the Cold War has opened new opportunities for the Koreans to contemplate reunification. But the German...
...North Korea represents opportunities for its economic expansion into a global powerhouse. A majority of its electorate clearly favors moves toward reunification, which has always been a central theme of President Kim Dae Jung's political platform, and skeptics will have been quieted by the overwhelming enthusiasm the summit generated among South Koreans. But once the dewy afterglow has subsided, years of tough negotiations lie ahead, and Seoul will be in no hurry to relinquish U.S. protection in the interim. And Seoul has it reasons in taking things slowly: South Korea is only beginning to emerge from an economic slump...
...After all, the worst military confrontation between North and South since the 1953 cease-fire took place barely a year ago, when a Northern vessel that had infiltrated Southern waters was sunk. Still, there was no mistaking the message of reconciliation in the atmospherics he generated during the Pyongyang summit, and his acceptance of an invitation to visit Seoul. Either way, he's not about to allow an influx of foreign influences to undermine his country's monolithic Stalinist ideology, so don't expect to see the Golden Arches popping up alongside Pyongyang's Juche Tower anytime soon. Indeed, even...
...Despite the euphoria engendered by the historic summit on both sides of the 1953 cease-fire line, don't expect the border fences to be torn down and chopped into souvenir-size chunks any time soon. "Although the dam wall is showing signs of breaking now and there are huge economic benefits for both sides in working together, both Pyongyang and Seoul have an interest in taking things very slowly," says TIME U.N. correspondent William Dowell. "North Korea wants to limit the impact of outside contact on its closed ideological system, while South Korea is getting over an economic slump...