Word: sectoral
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...infrastructure. Wen Jiabao, China's premier, said recently that he expects China to meet its 8% growth target for 2009. Walker, however, is much more skeptical about the government's ability to rescue the economy. "What the government has to contend with is a slowdown in every other sector of the economy," he says. Since the Chinese government accounts for only some 20% of GDP, "how it will make up for a slowdown in the other 80% is beyond...
...solve the problem is for the government to stop buying preferred shares and start taking direct ownership stakes. Of course, the issue with that approach is that the problem at the banks is so large, Uncle Sam may end up owning a good portion of the banking sector. Few seem to want nationalization. Unfortunately, that could be the only...
...translating them to real world policy,” said Economics Department Chair James H. Stock, who received Cutler’s official leave form yesterday. “In that sense an important part of what we do here at Harvard is to provide leadership...in the public sector and the public domain.” “Sometimes you believe in something and the time is right,” Cutler said of his decision to move south. —Staff writer Noah S. Rayman can be reached at nrayman@fas.harvard.edu. —Staff writer Elyssa...
...ttir, a noted journalist and playwright. "Being gay is not an issue in Iceland," explains Frosti Jónsson, chairman of Iceland's gay-and-lesbian association. "There are so many openly gay prominent figures in both the public and private sector here that it doesn't affect who we select for our highest offices. Our minds are focused on what counts, which is the current situation in the country...
...today's strike was noticed. Indeed, state sector employees were joined by an unusually high numbers of private sector workers. Many of the 376 staffers at Paris-based pan-European stock exchange Euronext, for example, struck to denounce job cuts announced despite the company's double-digit growth in 2008. "Before, the French were deeply shocked by the situation, but didn't want to add to it," Denis Muzet, director of the Médiascopie Institute which tracks public opinion, told Le Monde. "But now there's real anger. Banks have announced positive results for 2008 after the state extended...