Word: britishized
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...Lehman Brothers didn't just collapse and go away. Much of its U.S. operations were bought by British bank Barclays, which retained 80% of Lehman's U.S. investment bankers. Japanese bank Nomura has also been hiring here. Alan Schwartz, who was formerly the head of the failed investment bank Bear Stearns, recent landed a job at one of Wall Street's so-called boutiques, Guggenheim Partners. He's not alone. Recruiters say not only was the job downturn in the financial industry shallower than the rest of the economy but it appears to be turning earlier as well...
...north-east Asian giants. It extends to Singapore, Taiwan, and Hong Kong, all of whom have been able to give their people high levels of prosperity, health care, and education. None of those societies had easy births. In the 1950s, Singapore was a backwater of the British Empire. Taiwan was deeply divided, in the years after the Communist party took control on the Chinese mainland, between exiles and locals. The spectacular growth of Hong Kong between 1950 and 1980 (Arab states would do well to remember) was fueled by the dynamism and determination of poor refugees from communism looking...
Revolutions don't always start on the streets. The uprising threatening to unseat British Prime Minister Gordon Brown and oust up to a third of the nation's MPs was sparked in the offices of the Daily Telegraph and its sister title, the Sunday Telegraph, by a team sequestered from the main editorial operations. The air is frankly a bit smelly in their windowless bunker, but that's nothing compared to the stench that has hung over Westminster since the Telegraph began publishing leaked details of MPs' expenses claims 27 days...
...ouster by their parties. One veteran still refuses to budge, even as the calls for his head grow louder. Yet after the resignation of two Cabinet ministers in the past 24 hours, Brown's tenure at 10 Downing Street looks precarious at best. (See the top 10 most outrageous British expense claims...
...home allowance on it. The two women could have meekly awaited their fate in the reshuffle long planned to reassert Brown's authority after Thursday's elections. Their decision to jump first suggests that their loyalty to Labour - "I want to help the Labour Party to reconnect with the British people," said Blears in her resignation statement - does not extend to Brown...