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...boosted lending to small enterprises in Asia at no risk by participating in loan-guarantee programs implemented by governments to free up credit markets. Sands has also continued making strategic acquisitions, including the purchases of Cazenove Asia, a regional stock brokerage, and a 75% stake in another broker in India. Just as important, Sands has been beefing up the management ranks by hiring experienced bankers from troubled competitors. Since August 2007, StanChart has brought in about 100 senior executives from the likes of Bear Stearns, Lehman Brothers, Citigroup, UBS and others. "I think there are opportunities for us to significantly...
...Sanford said his wife Jenny, herself a savvy politico who was instrumental in her husband's rise from real estate broker to U.S. Representative to governor, had known of the affair for about five months. In her own statement on June 24, she said that while she had asked Sanford to leave two weeks ago - the reason she herself didn't know where he was the past week - the couple has agreed to a "trial separation with the goal of ultimately strengthening our marriage." But in a dig at Sanford, she added, "I will continue to pour my energy into...
...alliance with Sufi Muhammad, the hard-line cleric it enlisted to broker peace in the Swat Valley earlier this year, proved equally disastrous. Muhammad's politics were well known: during the 1990s he had waged a campaign of violence for the imposition of an austere form of Islamic law in the Swat Valley, and in late 2001, he led hundreds of young men to fight the U.S. invaders in Afghanistan. He had been imprisoned upon his return, and released last year on the condition that he disavowed militancy...
...obligations convey information--they do. There's also much to be said for the insight at the heart of efficient-market theory: markets are hard to outsmart. But when we give up second-guessing the market, we suspend our judgment. And without participants' exercising judgment--applying research, heeding a broker's opinion--markets stand no chance of ever getting prices right...
...They understand IT is critical for their development," says Frederick Carriere, executive director of the New York-based Korea Society, who plays a pivotal role in bilateral programs with both halves of the Korean peninsula. This includes helping to broker a seven-year-long academic exchange between Syracuse University and Kim Chaek, which recently was able to open the country's first digital library, using open-source software...