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...push the burden of inflating the economy onto the central bank not only underestimates Hayami's efforts but overestimates the options available to his successor. The deflation busters insist that the BOJ can jump-start growth by encouraging more investing and spending. But a central banker has a relatively small number of imprecise tools at his command, and the current governor has exhausted virtually all of them. Over the past five years, Hayami has consistently kept interest rates at nearly zero in a desperate bid to get people spending. Money in Japan is practically free for anyone who wants...

Author: /time Magazine | Title: Japan's Deflation Dogfight | 2/24/2003 | See Source »

Bellamy said in her experience in both the public and private sectors—including 13 years as a member of the New York State Senate, seven years as an investment banker and two years as the executive director of the Peace Corps—she has come to see a tension between the two fields that prevents them from working together for humanitarian causes...

Author: By Nura A. Hossainzadeh, CRIMSON STAFF WRITER | Title: UNICEF Director Urges Unity | 2/20/2003 | See Source »

...September 2001, and Parfyonov became the network's best-known face. After the takeover, Gazprom brought in Boris Jordan, a U.S. citizen, to head both Gazprom-media and NTV. The 36-year-old New Yorker didn't have any media experience, but had worked as a manager and investment banker in Russia since the early 1990s, during which time he had made a name for himself among Russia's business and political élite. Jordan made NTV behave for a while, and the sale of 49% of the company to Evrofinans bank put the network on a firmer financial footing...

Author: /time Magazine | Title: Bad News from Russia | 2/16/2003 | See Source »

When hotel giant Marriott International needed a new board member last year, it nominated investment banker George Munoz, 51, an amiable, meticulous Texan who runs a private investment firm in Washington. It isn't hard to see why Munoz got the nod: he went to the right school (Harvard Law, class of '78), he knows the right people (Marriott CEO Bill Marriott is a friend), and he has managed multibillion-dollar portfolios. But Munoz doesn't simply fit the profile of the traditional corporate director: he's an expert on Latin America, where Marriott hopes to expand aggressively...

Author: /time Magazine | Title: Management: Crashing the Boards | 2/10/2003 | See Source »

...such assurances meant little for me as my husband and I struggled to find a new home. We decided to downgrade from a house to an apartment, but even that didn't help much. An almost-done deal fell through because a South Korean diplomat as well as a banker at Standard Chartered suddenly outbid us by at least $1,000?the agent delicately informed me that we were "too small potatoes" to be pinning our hopes on such a nice apartment. Another potential flat, which had cost $3,000 last June, was listed at $4,500 when I visited...

Author: /time Magazine | Title: The High Cost of Living | 2/10/2003 | See Source »

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