Park Elected First Woman President of South Korea

Park will take office for a mandatory single, five-year term in February and will face an immediate challenge from a hostile North Korea and have to deal with an economy in which annual growth rates have fallen to about 2 percent from an average of 5.5 percent in its decades of hyper-charged growth.  Park is unmarried and has no children, saying that her life will be devoted to her country.  Article

Investors Leaving the Gun Market

Cerberus said in a statement Tuesday that it will abandon its investment in Freedom Group, which produces the Bushmaster line of firearms.  Adam Lanza is believed to have used a .223-caliber Bushmaster AR-15 rifle — the equivalent of the military’s M-16 weapon — in his assault on Sandy Hook Elementary School.  The real question in the US now is why the President does not sign an executive order making assault weapons illegal.  Pay people to return them.  Article