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Word: sectoral (lookup in dictionary) (lookup stats)
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Geithner left his whipping boy costume in the closet when he presented the specifics of his plan to get the private sector to participate in buying toxic assets. The financial world was focused on the reaction to his speech and, before he had even given it, the markets began a furious rally. Once he stepped away from the microphones, the buying of equities accelerated. (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: Timothy Geithner's Transformation | 3/25/2009 | See Source »

...profligate investment practices of the financial sector not only caused the current credit crisis but also allowed for the inappropriate compensation decisions of companies like American International Group and Merrill Lynch. Many would argue that the absence of effective regulatory oversight also contributed to both of these problems. However, equating these misdeeds with the financial system itself poses a grave risk to the economy's recovery...

Author: /time Magazine | Title: Why the People Who Broke the Financial System Will Profit | 3/25/2009 | See Source »

...Despite the public's justifiably poor opinion of many of the actors that inhabit the financial sector, spreading the blame will only hasten the economy's decline. In order for the economy to recover, the market must recover. And in order for the market to recover, America's antipathy toward the financial system must pass. (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: Why the People Who Broke the Financial System Will Profit | 3/25/2009 | See Source »

...Recently analysts covering the manufacturing sector said that so many factories are shut here and overseas that the businesses are eating through inventories. That is being interpreted as good news because once inventories move close to zero, factories will have to increase production to replace them. That analysis glosses over two possibilities. The first is that the economy is bad enough that inventories may not drop at expected rates. Low demand may cause them to decrease much more slowly. That could push back a renewal of manufacturing activity for months. It is also possible that some factories will simply...

Author: /time Magazine | Title: The Housing Mirage: Misleading Numbers | 3/24/2009 | See Source »

...agency would attempt to control every possible source of greenhouse gas emissions. "People running the EPA have common sense," says Frank O'Donnell, head of the environmental group Clean Air Watch. "They're going to focus the efforts on the biggest sources" like the auto industry and the utility sector...

Author: /time Magazine | Title: EPA Calls CO2 a Danger — At Last | 3/23/2009 | See Source »

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