December 7, 1999
There are always going to be new ways to procastinate and put off doing my work. The latest diversion yet is The Economist. This magazine alot is one of the most international magazines out there. In every edition it has sections entitled, United States, The Americas, Asia, International, Europe, Britain. Actually I these categories are kind of funny. The US is left out of the Americas, Asia is seperate from International, and Britain is seperate from Europe. Maybe they should change the sections to United States, Britain and leftovers. In all fairness though, they talk about a ton of countries. Where else can you read about countries like Sudan, Mali, Ethiopia, Zimbabwe, Pakistan, Korea(South and North), and President Clinton's visit to the ghetto all in the same place? (the ghetto is actually not an official country)

I totally got sucked in because i was reading their survey of North and South Korea. I learnt the presidents of North and South Korea are Kim Jung Il and Kim Dae Jung.There was so much interesting information. Unfortunately the majority of it pertained to economics. A large section of the article was spent discussing the South Korea chaebol system. These are family run corporations which generate most of jobs and revenues in the country. According to them this companies enjoy major clout with the government, which allows them to continue to expand rapidly and obtain business loans even when they're not praticing good economics. It went on and on about how S.Korea needs to improve economically because N. Korea might collapse at any time. S. Korea is actually not doing that badly but it's not ready for the reunification with N. Korea. But reading about N.Korea was a little depressing. N. Korea is suffering from a huge famine and the government has the 5th largest army in the world. The government doesn't have much money and approximately one third is used to maintain the armed forces. There is no news from the outside world . And from infancy you are raised to revere the king/president Kim Sung Il, and now that he's dead, his son Kim Jung Il. I can't remember all the details but it was really sad. The Survey is in the July 10th issue of The Economist.

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