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...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...
...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...
...Nevertheless, just around the corner from the school is a Protestant church, as well as a Starbucks and a Dunkin' Donuts. For all its recent conservative leanings, Indonesia is hardly in danger of turning into a theocratic state, and the nation's pluralistic underpinnings are something Obama will doubtless celebrate during his visit. Predictably, some hard-line Islamic groups have already gathered across the nation to thrust their fists in the air and chant anti-American slogans. But their numbers, so far, have been limited. What reigns in Indonesia, instead, is waning optimism for Obama's efforts to re-engage...
Obama arrived at Bagram Air Base after dusk and was greeted by commanding General Stanley McChrystal and the State Department official for Afghanistan, Lt. Gen. Karl Eikenberry. The president immediately boarded a convoy of armed helicopters for the ride 50 miles south to the Presidential Palace in Kabul...
After the rally, Obama met with McChrystal and Eikenberry. This was followed by a visit to the base hospital where the President met with the wounded. That was followed by a tour of a mess hall, where the President worked the room as Michigan State played Tennessee on the television screens hung around the walls. (Before Obama entered, White House aides had the channel changed on the television, from a motorcross event to the NCAA tournament.) "Let your families back home know that we know they are going through some sacrifices too," Obama said as he left the mess hall...