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...being too specific. Some economists have even questioned whether there was a credit crunch. Economic professor René Stulz of Ohio State University, for one, has written papers trying to clear Wall Street pay and credit-default swaps of any blame. Despite recent apologies, Goldman Sachs executives, too, say that they are no more to blame than anyone else in the financial markets. (See high-end homes that won't sell...
Nonetheless some observers say commissions like the FCIC tend to underwhelm. James Madison University political-science professor Glenn Hastedt, who has written about the 9/11 commission, says politicians shouldn't wait for the FCIC to come up with its conclusions before enacting financial reforms. He says the 9/11 commission did little more than reassure the public that the government was aware of terrorism. "What is the main goal here? If it is to educate and reassure, commissions do that very well," says Hastedt. "But don't look to the FCIC for solutions. Commissions don't do that very well...
...process hiring thousands of Brazilians, Chinese, Eastern Europeans and others. The need to train new recruits in multiple countries is a major test for Indian management, and has sparked a few cultural conflicts as well. Cesar Castelli, the São Paulo - based president of TCS in Brazil, says that the company has had difficulties squeezing more free-spirited Brazilians into an Indian corporate environment run on strict hierarchy and a devotion to internal rules. "Indians say 'Yes' and Latins say 'Why?,'" he quips...
...establishing their own businesses, was a dominant theme in my conversations. As women in Europe and the U.S. have discovered, having your own salary or company isn't just a matter of raising living standards for your family. It also gives you more control over your own life, more say in your society and more opportunities. All of us - whatever our gender - have a stake in helping women in the Middle East achieve this ambition. Societies will be healthier and stronger if women and men work together to address their problems. I believe the prospects for peace will be greater...
...regard her myriad achievements as flukes. "Merkel has never given a speech that stayed in the memory," wrote her most recent biographer. She can indeed seem reserved and self-effacing at times, but there should be little doubt that she has confidence and ambition aplenty. "You could certainly say that I've never underestimated myself," she says with a smile that in another context could only be described as kittenish. "There's nothing wrong with being ambitious." (See the Top 10 news stories...