Word: sectoral
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...also hurt China's own economic interests abroad. The Australian government is reviewing the proposed $19.5 billion investment from Chinalco - China's huge state-owned aluminum company - in Rio Tinto, the world's second largest mining company, as well as a couple of other, smaller deals in the mining sector. But opposition in Australia has been increasing. There are TV ads now running that in effect say, "China will not allow us to buy one of their mines, so why should they be allowed to buy ours?" (See pictures of Australia rescuing its koalas...
...there's a true insight into this mess if you just step back and consider the bigger picture, not just AIG. Regardless of the details of the various swap contracts, they all represent potential transfers of wealth between financial institutions. If we consolidated the entire financial sector, all these debts would effectively vanish...
...blazing a path that is unique,” advising attendees to “stay true to yourself, and the money will flow.” Conference attendee Robert C. Watson ’09 said he believed some students were already turning away from the financial sector to overseas employment, fellowships, and public service in light of the current financial crisis. Panelists at the event stressed the importance of adaptability and persistence. “In this environment, be resourceful and resilient,” said Bryant S. McBride, the CEO and founding partner of Accrue, a venture...
...number of on-campus recruiters at the Faculty of Arts and Sciences fell by nearly 20 percent this spring, leading to an ever-more competitive job market and the diversification of students’ career choices outside of the finance and consulting sectors. According to Robin E. Mount, interim director of the Office of Career Services, recruiting at Harvard College fell 10 percent in the fall of 2008 and 19 percent this spring. Six thousand eRecruiting interviews were held on campus this year, she said. “The economy’s sinking, and we weren?...
...have in 1993," the last time Washington attempted to overhaul the health-care system, says Wyden. "Republicans, who didn't accept the idea of coverage for everybody in 1993, have moved. Democrats have also moved. There's much more acceptance of giving a wide berth to the private sector...