Word: sectoral
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...speech to Germany's banking élite, Merkel also acknowledged that Europeans were under pressure to deal with the issue of toxic debt. "I am dying to see how the American model will work and whether private-sector incentives can actually sell the more difficult assets," she said skeptically. "But we can't dodge the issue because otherwise it will take far too long before the banks can return to their full strength...
Kasisomayajula “Vish” Viswanath, an HSPH associate professor who works at the Dana-Farber Cancer Institute and is one of Koh’s most frequent collaborators, said that there is “remarkable resonance” in the civil and private sector to overhaul health care—and that Koh will be there to lead the effort...
...wind power comes in around 7 cents, about the same as coal, and investments designed to reduce electricity consumption through more efficient appliances, lighting or buildings cost about 1 to 3 cents per kilowatt-hour saved. This is why nobody on Wall Street or Main Street or any private-sector street will make real investments in new nuclear generation; U.S. utilities rely on ratepayers and taxpayers, while France and China rely exclusively on public funds. A Warren Buffett-owned company was involved in an Idaho project, but scrapped it once costs began to escalate...
...cost of labor in India, which was already below that in the U.S., is likely to be falling even faster than it is in the U.S. The outsourcing business in India has been hit with a sharp drop in demand, and the major Indian employers in the sector are doing poorly. (See pictures of ten things you should know about the Nano...
...everyone is happy. Street vendors and people in the massive black market have been hit as business shoppers are turning to the formal sector for the first time in years. Competition has increased as well. Shops have suddenly started stocking goods that were previously unavailable. The goods range from basic commodities such as corn, sugar, soap, salt and bread to furniture, which Zimbabweans have had to travel to neighboring countries to buy. "Dollarization has thrown me out of business. No one buys from me. People now buy from shops and authorized dealers," says Tavonga Munjeri, who sells credit cards...