Word: newes
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...Earlier this week, E-Trade hired Steven Freiberg to be the online broker's chief executive. Freiberg will get paid $1 million a year for his new position plus bonus, which the firm has guaranteed will be $3 million a year for the first two 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...
...7city Learning, which assists financial firms in training recruits, says a number of the company's clients are doubling the length of their new employee development programs in order to accomodate more people. Also, in their recent survey, 7city found that half of the 36 large financial firms they asked said they planned to hire 20% more junior employees than a year...
...sources of this paralysis are somewhat different in the two countries. In Japan, a combination of highly constraining social patterns, consensus-based decision-making and an ossified political process have suppressed new ideas and made the country resistant to change. In the U.S., there is no shortage of fresh thinking, debate and outrage - the paralysis is caused by a lack of consensus on how problems should be tackled. There are too many people in positions of power who seem to believe no real change is necessary, or that it can just be put off, for political purposes, to another...
...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 of the Democratic Party of Japan. He's at least talking new ideas: reforming the government, improving the social safety net, cozying up to Asia...
...New Asia Asia's increasingly assertive leaders are demanding that the U.S. recognize the continent's growing economic and geopolitical clout. Many feel that Obama, despite his personal ties to Asia, isn't giving the region the respect it feels it merits. An editorial in the Bangkok Post - the leading English-language daily in Thailand, a nation that is usually dependably pro-American - summed up the prevailing sentiment: "Mr. Obama's promises about restoring U.S. interest in Asia ... have proved so far to be more talk than substance...