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...hires come at a time when the bank's traditional investment-banking operations seem to be shrinking. Overall, Morgan has lowered its payrolls by 8% in the past year, but its ranks of investment bankers have fallen by a slightly steeper 10%. And in underwriting, a key investment-banking business, Morgan has continued to lose ground. Through the first six months of this year, Morgan ranked as the sixth largest underwriter of stock and bond offerings, down from fourth two years...
Founded by two Harvard alumni, the newly-formed Ivy Key SAT preparation company may seem a bit exclusive at first glance. After all, its stated hiring policy is to “only select tutors who have either graduated from or are currently attending an Ivy League school or institution of equal quality.” But founders Chris L. McConnell ’08 and Jae R. Gardner ’07 were determined to assist students lacking financial and academic resources when they created the company in January of 2009. The company has a for-profit private tutoring...
...rejecting the idea of a Palestinian state, Netanyahu has responded to Obama's pressure by accepting the principle of it, but on terms too limited to be accepted by any Palestinian leader. Skeptical of the value of negotiating now over a long-term political settlement and insisting that key final-status issues such as Jerusalem and refugees are not up for negotiation, Netanyahu prefers to focus on what he calls "economic peace" - developing the Palestinian economy as a basis for long-term stability in the relationship between the two peoples. But he's happy to go through the motions...
Obama has made restarting the peace process a foreign policy priority and a key plank of his effort to repair relations between the U.S. and the Muslim world. But nine months of intensive diplomacy by his special envoy, Senator George Mitchell, has produced little substantial movement toward reviving negotiations. As he makes his U.N. debut this week, Obama needs the symbolic New York City meeting more than Netanyahu and Abbas do. Indeed, a White House spokesman told the New York Times that the purpose of the meeting is to "show [the President's] determination to get the process moving again...
...Sarkozy, who in 1994 dropped nearly 20 years of filial devotion to Chirac to back an unexpected presidential run by a rival conservative politician. Chirac won that contest - and promptly sent Sarkozy into political exile until 2002, when law-and-order hard-liner Sarkozy was tapped for a key Interior Ministry post. But neither Chirac nor de Villepin ever forgave Sarkozy...