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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...
...sources of this paralysis are somewhat different in the two countries. In Japan, a combination of highly constraining social patterns, consensus-based decision-making and an ossified political process have suppressed new ideas and made the country resistant to change. In the U.S., there is no shortage of fresh thinking, debate and outrage - the paralysis is caused by a lack of consensus on how problems should be tackled. There are too many people in positions of power who seem to believe no real change is necessary, or that it can just be put off, for political purposes, to another...
...uninterrupted since 1955. The new sheriff in town is Prime Minister Yukio Hatoyama of the Democratic Party of Japan. He's at least talking new ideas: reforming the government, improving the social safety net, cozying up to Asia. But his options are constrained by the mess built up over two decades of inaction. He's confronting an unsustainable fiscal position and an economy with deteriorating competitiveness. Perhaps America's political leaders should ask Hatoyama for some advice. Don't wait, he might say, or you could turn Japanese...
...from Jakarta to the holiday isle of Bali, has claimed hundreds of foreign and local lives over the past eight years. Just weeks before Obama was due in Indonesia, police shot dead at an Internet café outside Jakarta a man believed to have orchestrated the 2002 bombings of two Bali nightclubs. Indonesia's efforts to counter its terror threat - so far it has had impressive success in netting hundreds of suspected extremists and re-educating youths susceptible to the call of militant clerics - can provide the world lessons on how to excise the cancer of religiously inspired violence from...
...Better Grades At least, at his Alma Mater in Jakarta, the Menteng school, the American President can be assured of an unreserved welcome. Two weeks before Obama was due to arrive in the Indonesian capital, batik-clad students practiced a traditional Indonesian gamelan-orchestra performance they hope to play for him. School principal Hasimah is proud of the school's connection to Obama, showing off a class photo of a young Barry standing among a crowd of Indonesian students. "His story provides a huge motivation to our students," she says. "It means that no matter what your background...