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...last year there was a lot of hiring talk but firms were still reluctant," says top Wall Street recruiter Gary Goldstein of Whitney Group. "Now there is activity. Employers seem much more secure that the market is in recovery." (See the top 10 magazine covers...
...simply threw taxpayer money around, attempting to keep people employed without fundamentally changing the economy. The result is government debt approaching 200% of GDP. Overly protected at home, Japan Inc. has missed out on the globalization game; its companies, unable to adapt to a changing world, are losing global market share to more nimble competitors. The nation that once led the way toward prosperity in Asia is sitting by while its influence is being usurped by China. (See pictures of Japan and the world...
...also refined its giant single market, created a new world currency, and introduced elements of a common foreign policy under the leadership of Javier Solana. We are not only the strongest economic union in the world but also the main source of aid for developing countries. Thus, the criticism that Europe is too preoccupied with itself is both shallow and unfair. On the contrary, Europeans are busy creating a model that is internationally relevant, especially for Asian countries and groupings. Some, such as ASEAN, are watching the European experiment very closely. (Read: "Europe's Errors" by Kishore Mahbubani...
Steve Eisman knew that calamity would eventually come. The hedge-fund manager bet big against the subprime-mortgage market and won. So did Mike Burry, a social recluse who began investing at night during his medical residency. Jamie Mai and Charlie Ledley, two 30-somethings who started trading in a Berkeley garage, "assumed that there was some grownup in charge of the financial system." There wasn't. In The Big Short, Michael Lewis, who chronicled an earlier era of Wall Street excess in 1989's Liar's Poker, tells the story of investors who asked questions that no one else...
...first started working at RAI in 1982, and when his show went off the air, he served briefly as a European Parliament member, representing Italy's center-left political coalition. But supporters are hoping his efforts will be the first chink in what has been a tightly controlled media market. "It's still early days," says journalist Marco Travaglio, a regular guest on the show. "But we're going to try. If it works, it could set a precedent." (See the top news stories...