Word: sectoral
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Dates: during 1980-1989
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Edward Yardeni, director of economics at Prudential-Bache Securities, also sees an interruption of the business cycle, but for a different reason. Rather than an economy-wide downturn, he says, the U.S. has been experiencing a "rolling recession" that has moved from one sector to another without halting overall growth. While agriculture, the oil business and heavy industries like steel have slumped in recent years, high-tech companies, financial services and fast-food outlets have thrived. Now retailers and stockbrokers may be facing hard times, but farming and manufacturing are recovering...
Eugene D. Lee '91, a member of the AAA committee, said Asian-Americans historically have been "a very unrecognized sector" of American society. "You never hear much about the Asian-American contribution," he said...
...Border Patrol's McAllen sector, 280 miles of the U.S.-Mexico boundary, this drug bust last week was the third in as many days, although the first for months involving a shoot-out on U.S. soil. South Texas is one of the most important points of entry into the U.S. for Mexican-grown marijuana, as well as cocaine from Colombia. Last year the Border Patrol in the McAllen sector captured drugs worth more than $182 million. Yet for all their success, the Border Patrol and other U.S. agencies estimate that they intercept just 10% of the drugs coming across...
...breed of D.C. drug dealer does not always kill his enemies. Consider the case of Patrick Monfiston, 20, who last Christmas Eve was found "badly burned" in a motel room in the northeast sector. "They put him in a bathtub and turned on scalding water," says an agent at the Bureau of Alcohol, Tobacco and Firearms. "As his skin was peeling off, they took turns urinating...
...tremendously broadening experience...It's a great advantage to get to understand how the people from the private sector think and manage," Vatter said...