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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...
...That's not to say that layoffs are not still happening. Earlier this week, UBS reportedly made cuts in its wealth management division. And overall, the number of workers in the financial services business in New York State fell by 2,800 in February to 659,800. But that was after two months of gains in employment in the industry. And February's drop was much smaller than the losses the industry had a year...
...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...
...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...
During his first year in office, Obama authorized the addition of 51,000 troops to Afghanistan. There are currently more than 70,000 U.S. troops in the country, according to Lt Gen. Douglas Lute, the top Afghanistan official on the National Security Council, a number that is expected to peak around 98,000 before withdrawals begin in July of 2011. In two major reviews in 2009, Obama also redefined the U.S. mission in Afghanistan, moving away from the stated Bush Administration goal of building an independent Afghan government to the goals of denying Al Qaeda a save haven and preventing...