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SEOUL, South Korea — What Iraq and Afghanistan taking up the airwaves, it’s easy to forget that for the past 50 years, thousands of American troops have been stationed in South Korea. This commitment is scheduled to decrease in 2012, when the US will hand over wartime operation control of forces back to the Korean military. This gesture is only the latest scale back for the American military in Korea, which has been dialing down its presence over the past decade...
...fact, to some degree such recognition is already happening—in the past three weeks, legislators of the ruling Grand National Party have joined the traditionally less Washington-friendly Democratic Party to ask America for a reconsideration of the 2012 transfer...
...merely the biggest questions. Even a great explainer like Obama had trouble making headway on Wednesday night as he delivered his extensive opening remarks and offered unusually long answers to the press. He was oddly free of passion and anger, given how intense the debate has become in the past few days, and he avoided any risk. He will likely have to add these ingredients soon to shake things up and counter flagging public support. (Read "Time for Obama to Step...
...that this should come as much of a surprise. Sharing Jerusalem may be one of the basic requirements of the two-state solution as developed over the past two decades, but Netanyahu has been a late and reluctant convert to the two-state formula - and even then, on terms many of his supporters acknowledge are unlikely to be acceptable to any Palestinian leader. And he has pushed back against Washington's demand for a freeze in settlement construction. The two sides remain locked in negotiations on the issue, with an already previously postponed meeting between Netanyahu and President Obama...
...Former U.S. Federal Reserve Chairman Alan Greenspan argued that bubbles could only be recognized in hindsight. But investors - who have been well schooled in the dangers of bubbles over the past decade - are increasingly wary that prices have risen too far, and that the slightest bit of negative economic news could knock markets for a loop. These fears are compounded by the possibility that Asia's central bankers will begin taking steps to shut off the money spigots and bring the party to an end. On July 29, rumors that Beijing was on the verge of tightening credit sent Shanghai...