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...beleaguered U.S. dollar isn't getting much love these days, except from one small but powerful group: deep-pocketed institutional traders, who are piling into dollars with ever greater enthusiasm because it is so weak and cheap to borrow. "Dollar borrowing picked up steam after the G-20 summit {that ended in Pittsburgh on September 25} when traders concluded that interest rates in the U.S. were going to stay low for a long time," says Mark Matthews, chief Asia strategist for Fox-Pitt Kelton Securities. Adds Olivier Desbarres, a currency strategist for Asia with Credit Suisse: "Hedge funds, pension funds...
Much of that transactional work had been the responsibility of summer associates and entry level associates. But now firms are reducing the overall number of summer associates and are placing greater demands on the few that they do hire, said Brian T. Aune, a third year student who has spent the last two summers working at Sheppard Mullin Richter & Hampton...
...stand mostly intact, 143 stalled building sites loom over the city, and after eight years, the World Trade Center site still looks like Ground Zero. The unemployed—now over a tenth of New York City’s population—often roam the streets in greater numbers than the tourists...
...realized the problems surrounding low voter turnout and introduced compulsory voting in 1925. All men and women of voting age are legally required to register at a polling station on the day of elections and have their opinion counted. The result is a turnout that is consistently greater than 90 percent...
...open secret about economic sanctions: they don't really work. Attempts to economically isolate troublemaking nations are the leech treatments of international diplomacy: traditional cure-alls that, though well-intentioned, rarely force regime change or prompt significant policy shifts, particularly when done unilaterally - and often a greater hardship for the citizens living under these regimes than for the leaders. (Read TIME's interview with Mahmoud Ahmadinejad...