Word: nationalism
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Traditionally, banking experience was never a major criterion for becoming a board member at the nation's largest financial-services firms. Banks and other financial-services firms have long filled their boards with nonfinancial executives, be they industrial chiefs, heads of nonprofits or professors. That's been changing in recent years, especially with the passage of Sarbanes-Oxley, which sought to strengthen corporate boards. But apparently the changes have not gone far enough. (See pictures of the stock market crash...
...part of the recent stress tests, regulators said they plan to review the boards of the nation's largest banks. The 10 banks that were deemed in the test to not have enough capital were given until June 8 to present Treasury with a plan for how they will raise the required funds. Besides reviewing the plans, government officials have said they plan to weigh in on whether they think the banks' leadership is adequate as well. One of the main factors the government will reportedly be looking at is whether the banks have a sufficiently deep bench of financially...
...That left Prabhakaran with control of the north, secured by several thousand soldiers. But the transformation from running a guerrilla force to a conventional army may have been the leader's undoing. The nation's current President, Mahinda Rajapaksa, took office in 2005 and vowed to pursue a military solution. In a conventional war against an army many times its size, the LTTE was sure to be outmatched, and eventually it was. Prabhakaran never again appeared before the press after 2002, but he continued to release photos and speeches every year. "With its greed for land, Sinhalam [Sri Lanka...
There's something about Burma. Zimbabwe, Laos, North Korea, Sudan, Uzbekistan - all these countries are plagued by repressive rulers. But none of these places grips the popular imagination like this isolated nation in the heartland of Asia. With its thuggish ruling junta and defiant, beautiful opposition leader, Burma inspires unparalleled international sympathy and the passions of do-gooders. Only the Dalai Lama rivals fellow Nobel Peace Prize Laureate Aung San Suu Kyi when it comes to dissident magnetism - and, even so, the Tibetan monk has not languished under house arrest for much of the past two decades...
...Netanyahu came to the White House carrying a book for President Barack Obama, an edition of the American humorist Mark Twain's travels to the Holy Land. Twain didn't like the place much; he wrote rudely about the Arabs and thought the Jews should not have their own nation. Was it a warning from Netanyahu, and if so, what was he saying? Not many laughs in the Middle East? It's not the place you think it is? Stay away...