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...increased hiring activity is coming at a time when a number of firms are repositioning themselves in the 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...
...fate of his boyhood likeness underscores his, and America's, growing image problem across Asia. Soon after Jakarta city workers used the cover of darkness to relocate the young Barry's statue, top U.S. diplomatic envoys were in Beijing to repair foundering relations with the world's third largest economy. Meanwhile, Japan, the world's No. 2 economy, has been calling for a more "equal" (read: less submissive) relationship with the U.S. That's because the Democratic Party of Japan, which came to power last year for only the second time in half a century, won votes by pledging...
...just that. Obama's trip is crucial for introducing Americans to a country that may not evoke much beyond earthquakes and tsunamis but is nevertheless key to U.S. interests. A 17,000-island archipelago, Indonesia boasts the world's biggest Muslim population. It is also the world's third largest democracy (after India and the U.S.), proving that Islam need not be the enemy of political freedom. Back when Obama lived in Jakarta, where his American mother was an anthropologist and aid worker, Indonesia was ruled by a dictator and mired in poverty. Today, it is a proud member...
...that context it is important for Japan to have its own stance, to play its own role in the region" - a role separate from that of the U.S. It's no coincidence that such a sentiment was expressed precisely as China had overtaken the U.S. as Japan's largest trading partner...
...Further south, China has surpassed the U.S. as ASEAN's third largest partner in commerce after the E.U. and Japan. The Southeast Asian club has signed trade pacts with Japan, India, South Korea and, most importantly, China, paving the way for a regional economic bloc that could rival the E.U. Note that the U.S. isn't involved. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a Thai columnist who writes about foreign affairs. Wirjawan, the head of the Indonesian investment board, jokes that, "If I want to get Americans...