On December 19, 2012, South Koreans elected Ms. Park Geun-hye as its first female President.  The 60-year old is the daughter of longest-ruling former dictator Park Chung-hee who was assassinated in 1979.  Ms. Park received 51.6 percent of the votes casted during the election.  Since the adoption of the new constitution in 1987, she is […]

For the first time, the Federal Reserve introduced a new policy to spur economic growth in the U.S.  At its meeting in December, the Federal Reserve decided to tie the interest rate to unemployment and inflation.  The new policy received the support of almost all (11 to 1) of the Federal Open Market Committee (FOMC). […]

Last month China selected its new leaders for the next decade.  Its new leader, Xi Jinping, who is also the party secretary, is expected to be ceremonially installed in March 2013.  But he is busy making adjustments and issuing new directives. During the just concluded once in a decade power transfer, the outgoing leader highlighted […]

China’s once in a decade leadership transition took place at the recently concluded communist party meeting.  As expected the incoming Communist Party General Secretary and President-elect Xi Jinping take control in March 2013.  Much has written about Xi Jinping but not much about the China’s premier-elect Li Keqiang, who will be in charge of the […]

The U.S. House and Senate started a five week vacation on August 3, 2012.  Most of the Congress will be campaigning for November elections.  The current Congress will be known as the most unproductive in the modern history. After the 2008 Presidential elections, Democrats were in the control of the Congress.  Major legislation passed by […]

If there is no clear winner during the first round of presidential election, France uses a two-round system where two top vote getters fight for presidency and a voter uses a single vote to elect a president. During the Sunday, April 22, 2012 first round of presidential election, none of the candidate took in an […]

The former head of the United Nation, Kofi Annan, representing the U.N. visited Syria and met with Syrian President Bashar al-Assad. In early April, President Assad accepted the U.N. brokered ceasefire. According to the agreement, government forces are to withdraw from Syrian towns and villages by Tuesday, April 10, 2012. Rebels are required to lay […]

At Sunday, April 1, 2012 elections, party led by the Nobel Peace Prize winner Aung San Suu Kyi won 43 out of 45 seats contested in the by-elections. It was a huge blow to the ruling military-backed government who won the 2010 elections which was boycotted by Suu Kyi. The U.S. government is ready to […]

Former President and current Prime Minister Vladimir Putin claim victory following Sunday, March 4, 2012 Russia’s presidential election. Reports indicate that he received over 63% of votes. The outcome was widely expected. The former KGB operative held the office of President for eight years previously. Current President Dmitry Medvedev will become the new Prime Minister. […]

Syrians are engaged in an internal struggle to over throw the authoritarian President Bashar al-Assad’s government since January 2011. The Syrian uprising is simultaneous with other Arab Spring struggles in the region. Assad came into power after his father’s, Hafez al-Assad, death. His brother is the leader of the Syrian army. So far, over 6,000 […]