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Dates: during 2000-2009
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...culture of Wall Street has not changed is precisely because we - as in most Americans - are so tied up in it. Our 401(k)s and our pension funds are tied up in Wall Street doing well, even if we don't think this particular system of short-term bonuses and liquid culture is a good long-term strategy. Wall Street's values have reached out to so many corners of people's daily lives that actually changing the system means everyone has to change. (See 10 ways your job will change...
...What would you want to see change? I would hope that folks in the Obama Administration would somehow link bonuses to long-term corporate productivity or long-term shareholder value - long-term meaning four to five years instead of five months or a year - and reinstate the Glass-Steagall Act [that separated investment and commercial banking]. These are big reforms, but they'd give you a more stable landscape to make even more changes. Part of what I learned is that the very kinds of daily practices that created the boom in the first place - wanting to book as many...
Meanwhile, Iranians are already looking to upcoming dates of significance to gather, in particular the 40th-day anniversary of Neda Agha-Soltan's death, which will occur at the end of July, and the inauguration of President Mahmoud Ahmadinejad for a second term. The date for the swearing-in has not been announced for fear of triggering a mass gathering on the scale of the Friday prayer last week, when former President Ali Akbar Hashemi Rafsanjani spoke for the first time since the election and condemned the government's response. Until then, protesters, even the more timid who choose...
...Certainly there are reasons to think a power grab could be triggered if, as Shih puts it, "they find some dirt on one of the top leaders." Hu is increasingly a lame duck. He is set to retire in 2012, after his second five-year term as President and Communist Party General Secretary...
...afraid of, that uncertainty." Li believes it could take 15 years for China to make the yuan a fully convertible currency. Laurence Brahm, a China expert and author of the new book The Anti-Globalization Breakfast Club, seconds this view. Though Brahm believes that China has a long-term goal of making the yuan a top-tier global currency, he says that the major reforms needed may have to wait until new leaders come to power. "During the administration of [President] Hu Jintao, a conservative leadership, I don't think they want to do anything that is too reformist," Brahm...