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...years. Mid-sized investment firm Jefferies has hired nearly 50 bankers in its healthcare industry practice in the past few months. Goldman Sachs, too, says it expects to hire 60% more recent graduates this year than it did a year ago. Even Citigroup, which a year ago looked like it was headed for Wall Street's dustbin, is on a hiring binge. The bank is reportedly looking to a add workers in trading and hedge fund services...
...Sendai, looking warily across the Pacific toward my home country, I shuddered to think America was heading Japan's way. Everyone in Washington knows what problems the nation faces, but there is a Japan-like inability to take the necessary action. The broken U.S. health care system is an embarrassment, yet efforts to change it have been stymied for almost as long as moves to revive Japan's economy. The government's finances are deteriorating as politicians refuse to make the hard decisions on what the country does and does not need. The education system requires far more attention...
...rich nation like the U.S., it's easy to be fooled into thinking there's always more time for problems to get solved. So it has been in Japan. The Japanese are wealthy enough that they don't suffer too much from the prolonged period of stunted growth. But Japan also stands as a warning to those who think tough decisions can be delayed indefinitely. Japan's public finally seems ready for something new. Voters last year tossed out the Liberal Democrats, who had governed almost uninterrupted since 1955. The new sheriff in town is Prime Minister Yukio Hatoyama...
...said in Tokyo, "because what happens here has a direct effect on our lives at home." But since then the Obama Administration has dropped the ball on promoting U.S.-Asia trade, neglecting to implement regional free-trade pacts. "We do hope that [Obama's Asia visit] will not be like Santa Claus coming and just giving a few gifts and then flying away," says Thailand's Deputy Commerce Minister Alongkorn Ponlaboot, who has criticized what many Asians perceive as American protectionism. "Because what we need from America is conviction and sincerity that translate into real action." (See pictures of Obama...
...There's no question that orthodox dogma is gaining sway in Indonesia, like elsewhere in the Muslim world. In Jakarta, for instance, the number of women wearing headscarves has increased dramatically compared to a decade ago. As local governments have gained more autonomy, some have implemented a variety of Islamic-based legislation - ranging from enforced Koran 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...