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...wake of the financial crisis. The nation's largest banks are exiting such risky businesses as derivatives and proprietary trading, and adding to their lending operations. At the same time, smaller financial firms are building up their practices to pick up the trading and underwriting businesses the larger firms are leaving behind...
...literacy for Muslim children to the as-yet-unenforced stoning to death for adultery - despite the fact that Indonesia is officially a secular nation. At Menteng Elementary School where Obama once studied, the principal and many teachers wear veils. The Muslim prayer room in the public school is much larger than it was when Obama attended classes there...
Obama's trip will offer a challenge to the new top dog in Asia. China is now a larger trading partner of both Japan and ASEAN than the U.S. is, and the pace of U.S. investment in Southeast Asia has slowed in recent years. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a columnist for the Nation, a Thai newspaper. The rivals for the region's affections are not getting along. In recent weeks, China has attacked Obama for approving arms sales to Taiwan and meeting with the Dalai...
Obama expects to spend less than 6 hours on the ground, meeting first with the recently reelected Afghan President Hamid Karzai in Kabul, followed by a larger meeting with Karzai's cabinet. Later he will attend a rally with about 2,000 troops at Bagram Air Base, and he plans to visit with wounded soldiers at the base hospital. "We plan to engage president Karzai," said National Security Advisor James Jones, in a briefing during the flight, "to make him understand that in this second term there are things he has to do." Among the issues on the table: government...
...great event, the choice to have Kid Cudi perform is especially commendable. In the past, the Yardfest artist selections have evoked controversy, but this year, the College Events Board and the Harvard Concert Commission made a concerted effort to pick a mainstream artist who would appeal to a larger portion of the student body. As the second-most popular poll response, Kid Cudi certainly accomplishes that goal. And students who prefer a different niche of music will hopefully be satisfied with the choice of Patrick Park as the opening...