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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...

Author: /time Magazine | Title: Banking Jobs Holding Up Better than Most | 6/5/2009 | See Source »

...business is stronger than it has been in over a year," says Stephen Newton, the co-head of financial-service recruiting at executive search firm Russell Reynolds Associates. In the end, there's just deserts, and then there's just dessert. It looks like financials are going for the latter...

Author: /time Magazine | Title: Banking Jobs Holding Up Better than Most | 6/5/2009 | See Source »

Epstein, Marcus •2007 assault on African-American woman - he stopped her on a Washington, D.C. street, uttered a racial slur, and karate-chopped her head - is pleaded guilty...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 6/5/2009 | See Source »

...first Americans to reach the concentration camp in 1945. "He returned from his service in a state of shock," the President said, "saying little and isolating himself for months on end from family and friends, alone with the painful memories that would not leave his head...

Author: /time Magazine | Title: Obama at Buchenwald: A Message to Those Who Forget, or Deny | 6/5/2009 | See Source »

...single shelter fit for human beings, and thousands of people have nothing to sleep under or protect them from the searing heat and heavy rains. I saw sick children lying on the floor with diarrhea and disease. I saw a young girl who had been shot in the head, fleeing with her family. People told me they expect the situation to get even worse in the next few weeks." (See pictures of the pirates of Somalia...

Author: /time Magazine | Title: Somalia's Crisis: Not Piracy, but Its People's Plight | 6/5/2009 | See Source »

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