Word: sectoral
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...people at Deutsche Telekom, Wenders says. "Some male employees may worry that they'll have a difficult time now getting to the top," she explains. The quota has gone down well, however, with union members. "It's never too late," says Jan Jurczyk, a spokesman for Germany's public sector union, Verdi. "German companies still have a lot of catching up to do with their European counterparts." He hopes Deutsche Telekom will set an example for other companies where women are "still implicitly shut out of top jobs...
...tend to do so with a bang. Is China, in fact, now at the end of its real estate boom? Many are not convinced. They point to a couple of factors that make China's situation different from that of the U.S. The first is that the real estate sector is nowhere near as reliant on debt financing as it is in the U.S. and much of the rest of the developed world. Consider the complex in which Yang, the cabbie, bought one of his three Shanghai apartments. The developer, Shanghai Forte Land, presold all the units before spending...
...among home buyers in China, is there a significant amount of debt financing. According to Patrick Chovanec, a professor at Beijing's Tsinghua University who studies the Chinese real estate sector, only about 50% of residential purchases are made using mortgages. The other half are paid for in full at the time of acquisition. (In the U.S., by contrast, over 90% of residential housing transactions are financed with mortgages.) One of the reasons for this is that, just like Yang, many Chinese have been moved out of formerly state-owned housing units in urban areas as part of redevelopment projects...
Cohen, who graduated from HBS in 1969, currently serves as chairman of The Portland Trust, a British foundation he established in 2003 that seeks to bring peace between the Palestinians and Israelis through economic development in the private sector...
...Delay excise taxes on various health industries, such as the pharmaceutical sector and health-insurance sector. These taxes will most certainly be passed directly onto consumers, so the later they are implemented, the later consumers will see drug prices and health-insurance premiums rise as a direct result. (Read "Who's Winning the Message War on Health Care...