Word: recentering
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...recent rebound in profits of financial firms has restarted the Wall Street hiring machine. And former executives from the firms that stumbled in the financial crisis are turning out to be hot commodities. Merrill Lynch is not alone. The failures of Lehman Brothers and Bear Stearns have produced hunting grounds for other firms as well. But either because Merrill was a larger firm or because it didn't have as big a role in sparking the credit crisis as Lehman or Bear, it seems that no firm on Wall Street these days is without a former top executive from Merrill...
...Citigroup, Eugene McQuade is running the bank's North American retail-banking operations. McQuade was formerly the head of Merrill's banking operations - a considerably smaller job than the one he has at Citi. Investment banks Jefferies and recent upstart Moelis & Co. have also picked up former top Merrill Lynch bankers. (See the top 10 financial collapses...
...recent two-hour break between classes, I hopped on the T to the Kendall/MIT stop, where an art installation by Paul Matisse allows passengers to play mobile-like instruments hanging between the tracks. The piece, called “The Kendall Band,” is composed of three elements that you might mistake for part of the machinery: “Kepler,” an aluminum ring that hums for five minutes after being struck; “Pythagoras,” a 48-foot row of aluminum chimes interspersed with teak hammers; and “Galileo...
...short, China is brimming with confidence, and in recent weeks that self-confidence has turned into arrogance, with scorn for the U.S. There is a long legacy of Chinese distrust of the West. Today, Chinese nationalists cannot explicitly criticize Beijing, but they can indirectly attack the government by challenging the close relationship between the U.S. and China. For many in China, the U.S. is a corrupt nation that bears China no goodwill and will drag China down if Beijing doesn't find a way to distance itself from the American economic embrace...
General Sarath Fonseka, the defeated candidate in Sri Lanka's recent presidential election, was arrested by military police at his Colombo residence Monday night, Feb. 8. The government said Fonseka, the former army commander, had been arrested on charges of "committing military offenses," but it offered no details. Lakshman Hulugalle, director general of the Media Centre for National Security, told state TV that Fonseka will be court-martialed. No date was given for any possible court appearance...