Word: traded
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...Earlier this week, E-Trade hired Steven Freiberg to be the online broker's 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...
Hope in the West Bank Thank you for Joe Klein's article "West Bank Renewal" [March 8]. The West Bank and Gaza provide a study in contrasts. In the West Bank, where Palestinians made a commitment to peaceful coexistence, Israel has removed checkpoints, increased trade and invested in local businesses. In Gaza, where Hamas continues to threaten violence, the economy remains in ruins. Joel Margolis, HERNDON...
...Hope in the West Bank Thank you for Joe Klein's article "West Bank Renewal" [March 8]. The West Bank and Gaza provide a study in contrasts. In the West Bank, where Palestinians made a commitment to peaceful coexistence, Israel has removed checkpoints, increased trade and invested in local businesses. In Gaza, where Hamas continues to threaten violence, the economy remains in ruins. Joel Margolis Herndon...
...allies. "I want every American to know that we have a stake in the future of this region," Obama said in Tokyo, "because what happens here has a direct effect on our lives at home." But since then the Obama Administration has dropped the ball on promoting U.S.-Asia trade, neglecting to implement regional free-trade pacts. "We do hope that [Obama's Asia visit] will not be like Santa Claus coming and just giving a few gifts and then flying away," says Thailand's Deputy Commerce Minister Alongkorn Ponlaboot, who has criticized what many Asians perceive as American protectionism...
...Further south, China has surpassed the U.S. as ASEAN's third largest partner in commerce after the E.U. and Japan. The Southeast Asian club has signed trade pacts with Japan, India, South Korea and, most importantly, China, paving the way for a regional economic bloc that could rival the E.U. Note that the U.S. isn't involved. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a Thai columnist who writes about foreign affairs. Wirjawan, the head of the Indonesian investment board, jokes that, "If I want to get Americans...