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As should have been expected, this bet on risky investments did not work and many S&L banks went bankrupt. Since the deposits were insured by the government, the taxpayers were on the hook to pay for the S&L banks' losses, which amounted to more than 2 percent of GDP.

As the Chinese government continues to encourage investors to venture overseas, African nations are wooing entrepreneurs to set up manufacturing bases in their countries.

As the nation experiences the scorching heat of summer, tourists can enjoy an extremely cool experience in an ice cave in Ningwu county, North China's Shanxi province.

As some drugs are being tested in clinical trials in South Korea and some, like niclosamide, are being further developed for trials, Kim said the next step for his team is to identify more drug candidates and to expand collaboration for their further development.

As voters in the United States on Tuesday conclude their balloting to re-elect President Donald Trump or elect Democratic rival Joe Biden, hundreds of lawyers were ready to challenge and defend record-high voting, while cities throughout the country took steps in case of post-election night violence.