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Word: sectoral (lookup in dictionary) (lookup stats)
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...financials sector has lost 45% this year. I don't think it's because the financial sector's fundamentals worsened by 45% in six weeks. We cut the value of financial stocks in half mainly because our leadership created a run on the bank stocks by openly debating whether they should nationalize banks. There are certain things you just can't openly debate as a leader, like you can't openly debate whether you're going to do a surprise attack on another country. Or you can't debate whether you're going to close XYZ Bank, because while...

Author: /time Magazine | Title: Is The Stock Market Bottoming? | 2/25/2009 | See Source »

...means am I parroting the traditional critique of the recruiting process, which I understand is a legitimate and very necessary function of our advanced postindustrial economy. This is especially true of highly competitive industries like the financial services sector, in which on-campus recruiting is essential in funneling elite students into elite firms; the process allows students’ careers to blossom and the economy to grow. I do question, however, its scale at institutions like Harvard. Last year, more than two-fifths of last year’s graduating class funneled themselves into one small sector of the giant...

Author: By Eugene Kim | Title: A Rude Awakening | 2/25/2009 | See Source »

...this massive influx of Harvard undergraduates into the financial sector a recent phenomenon. For more than two decades, investment banks and consulting firms have had a firm chokehold on the postgraduate dreams of many ambitious Harvard students. Renowned journalist Jennifer 8. Lee ’98-99 has aptly described the entire recruiting process as “a complicated rite of courtship, complete with flirting (invitations), wooing (interviews), and proposals (offers...

Author: By Eugene Kim | Title: A Rude Awakening | 2/25/2009 | See Source »

...Obama now finds himself in the delicate position of having to speak candidly to the American people about the current problems - which, at least with the banking sector, appear to be getting even worse - without aggravating those problems by lowering the national mood further. President Clinton recently explained the balance in an interview with ABC News. "I like trying to educate the American people about the dimensions and scope of this economic crisis," Clinton said. "I just would end by saying that he is hopeful and completely convinced we're going to come through this." Obama will almost certainly demonstrate...

Author: /time Magazine | Title: Five Things to Look For in Obama's Speech | 2/24/2009 | See Source »

...Saddled with debt from the acquisition, Tata Motors could get some relief from the public sector. Last month, the British government pledged to guarantee a total of up to $3.3 billion in loans to help U.K. car companies cope with the recession, which could make it easier for the company to get fresh financing and pay off the $3-billion bridge loan coming due in June. In addition, with interest rates declining, vehicle demand appears to be firming up in India, especially for passenger cars. Tata Motors January car sales were the highest since May 2008 - good news since...

Author: /time Magazine | Title: India's Top Automaker, Tata Motors, Hits a Rough Patch | 2/24/2009 | See Source »

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