Word: asia
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Dates: during 2000-2009
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...revenues rose 29% in the same time, according to Bernstein's McDonald. Then there's the issue of talent loss. As Citigroup's troubles have continued, the bank has begun to lose executives to rivals. The most notable departure thus far is Ajay Banga, who headed the bank's Asia Pacific operations. He left Citigroup last month for MasterCard...
Less than 10 months ago, the great fear in Asia was that the region would suffer through the wealth destruction already taking place in the U.S. as a result of the financial crisis. Stock markets tumbled as exports plunged and economic growth deteriorated. Lofty property prices in China and elsewhere looked set to bust as credit tightened and buyers evaporated. (Read "China's Economic Recovery Gathers Steam...
...with surprising speed, fear in Asia has swung back to greed as the region shows signs of recovery - and some economists are warning that asset-price bubbles that had been popped by the global recession may be reinflating. Property and stock prices are soaring in many parts of Asia: Shanghai's main stock-market index has surged about 90% this year, while Indonesian stocks are up 70%. By comparison, the S&P 500 is up 11%. (See the World Economic Forum...
...verses from Rumi, a medieval Sufi poet much cherished by New Age spiritualists. But there was nothing fringe or alternative about it. "In many places, Sufism was the way whole populations expressed their Muslim identity," says Faisal Devji, an expert on political Islam at Oxford University. "In South Asia, it was the norm...
...Sufism really bend terrorist swords into plowshares? The question is most urgent in South Asia, home to more than a third of the world's Muslims and the cradle of Sufi Islam. Shrines of Sufi saints are ubiquitous in India and Pakistan and still attract thousands of devotees. Yet the Taliban in Pakistan have set about destroying such sites, which are anathema to their literalist interpretation of the Koran. "Despite our ancient religious tradition," says Ayeda Naqvi, a writer and Sufi scholar from Lahore, "we are being bullied and intimidated by a new form of religion that is barely...