Word: sectoral
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...English as the language of upward mobility: "The highly visible rise of the outsourcing sector has helped transform Indian attitudes toward the English language. English is emerging as the language of aspiration for the Indian population - as a passport to a lucrative job and entry into the country's growing middle class. A friend of mine is an entrepreneur who runs Corner House, a popular Bangalore ice cream and sundae parlor. He told me resigningly that he had taught his staff some English so that they would be able to take orders and they left him to join...
...history of spawning transformative technologies that trickle into society, including DARPAnet, the communication system of the Defense Advance Research Projects Agency (DARPA) that eventually evolved into the Internet. "What's exciting here is potential spin-off effects," he says. "The military can invest so much more than the private sector can. They can invest billions into substitute fuels. And they can take bigger risks...
...International Monetary Fund forecast the country's output shrinking by 5.8% this year, much more than in the U.S. or eurozone. With interest rates close to zero for months now, there's speculation Japan could intervene to weaken the yen in order to help stoke its all-important export sector...
...while the krone looks attractive in comparison, it's worth remembering that "at the moment, the currency markets are an ugly contest," says Thomas. "Pretty much everywhere looks not great." Moreover, he says, while Switzerland boasts a powerful banking sector with experience of taking in floods of cash, "Norway doesn't have that financial infrastructure. And there's no bond market to speak of." That means that while "it's a nice currency to be invested in, from a practical perspective, of someone who has a huge pot of money and wants a safe haven, they just couldn...
...Commission insists that the proposed rules would not force winemakers to go down the blending route. Any producers who want to stick with the traditional methods can do so. But French winemakers fret that the rules will bring the entire sector down to the lowest common denominator. Their complaints echo other French wine battles fought over the years. These include ongoing efforts to protect their unique right to use the word champagne and their feud with Australian exporters who use wood chips as a shortcut for oak-barrel aging. (See pictures of how to make whisky...