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According to The Wall Street Journal, Citi is asking to lift "pay restrictions that could break apart its legendary energy-trading unit." If the government turns the request down, it is indeed likely that many of these people will leave for hedge funds, start their own businesses, of join banks...

Author: /time Magazine | Title: The Importance of Paying Citigroup Bankers Bonuses | 4/29/2009 | See Source »

The government is going to have to come to grips with the fact that banks have to pay the best bankers even if the idea is unpopular. There is nothing new in this argument, but it is extremely urgent that it be resolved. The results of bank "stress tests" are...

Author: /time Magazine | Title: The Importance of Paying Citigroup Bankers Bonuses | 4/29/2009 | See Source »

For those Americans and Harvardians mired in the gloom of the global financial crisis, a top Serbian politician offered some much-needed optimism at Harvard yesterday. Amid a global downturn, Serbia has fared comparatively well, and Deputy Prime Minister Mladjan Dinkic, also the Minister for Economy and Regional Development, said...

Author: By Alexander R. Konrad, CRIMSON STAFF WRITER | Title: Serbian Official Offers Economic Advice | 4/29/2009 | See Source »

Taiwan and China relations have warmed greatly since Ma Ying-jeou became Taiwan's president last May. Since then, China and Taiwan have held three rounds of unprecedented talks - the first in 60 years - to agree on milestones like establishing direct flights between Taiwan and China and opening Taiwan tourism...

Author: /time Magazine | Title: Taiwan Scores Invite to WHO Meeting | 4/29/2009 | See Source »

Companies that are majority owned by the government include some familiar names, among them China Mobile, the world's largest mobile phone company by subscribers, Baoshan Steel and China National Petroleum Corp. The role they play in China's hybridized economy appears to be expanding due to the global slump...

Author: /time Magazine | Title: Why China's State-owned Companies Are Making a Comeback | 4/29/2009 | See Source »

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