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...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's dustbin, is on a hiring binge. The bank is reportedly looking...
...most of the past 20 years, Japan has been in a state of political and economic paralysis. Ever since its property-and-stock-price bubble collapsed in the early 1990s, the economy has teetered on the edge of recession, occasionally tumbling into one. With one exception (Junichiro Koizumi), the country has been captained by a series of leaders who seemed content to reluctantly repair the economy so that it doesn't outright sink, but not enough for it to return to the high-flying days of yesteryear. What I find most baffling about Japan is how a nation...
...world's No. 2 economy, has been calling for a more "equal" (read: less submissive) relationship with the U.S. That's because the Democratic Party of Japan, which came to power last year for only the second time in half a century, won votes by pledging to break with past governments that hewed too closely to American foreign policy. (See pictures of President Obama visiting Asia...
...their authority and second, to learn how to work with each other," says Samina Ahmed, Pakistan director for the International Crisis Group, a global policy-research center. "The problem in Pakistan has [historically] been with the military's intervention, transitions have been disrupted, and the judiciary in the past has supported every military intervention...
...disputed fate of Jerusalem has long epitomized the stalemate in the Middle East peace process, and over the past two weeks it has been at the center of rare diplomatic brawl between Israel and the U.S. But even as the Obama Administration and the Israeli government square off over demands that Israel refrain from announcing new construction projects in occupied East Jerusalem, the tussle as Israel extends its grip and Palestinians push back is a flashpoint. "The tinder is dry in Jerusalem," says one Western diplomat. "Israeli moves on the ground have been a source of tension, and Palestinian side...