Word: sectoral
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...meantime, Ford may be getting interest from several Chinese car companies. For them to afford Volvo would probably require government assistance, but industries in the world's most populous country are used to being helped in what is not an entirely free market economy. Why should the automotive sector be any different...
...from $26.1 billion to $25.1 billion. After oil exports, money sent home from workers abroad--mostly from the U.S.--is the largest source of foreign income in Mexico. The central bank expects remittances to keep falling in 2009, thanks in part to layoffs in the U.S. construction sector; Mexico's overall GDP is also expected to shrink. A January report from the Pew Hispanic Center showed that while the same percentage of Latino immigrants is sending money home as in previous years, the amount per person is dropping. An estimated 70% sent less money in 2008 than...
...least normal - world, the Illinois legislature would convene next Wednesday to ready a budget that is due two weeks later and set to work drafting bills to help the state. On the to-do list: battle the effects of a plummeting economy, bolster schools and the small-business sector, shore up agriculture and deal with a host of environmental issues, from clean coal to protecting Lake Michigan. "Nothing's getting done," says state representative Patricia Bellock, a Republican who sat in on the monthlong process hearings that led to the trial. "Nothing...
Indeed, women like Evita Dwiandiya, another student at Jakartadoyoga, say they will continue to attend their weekly yoga classes. "This is not a mass movement or anything," says Dwiandiya, who works in Jakarta's private sector. "We'll see if anybody remembers in three months." To be sure, with national elections coming up in April and the recriminations that usually follow, yoga is unlikely to register on the long list of problems facing Indonesia as the nation moves to choosing a new group of leaders for the next five years...
...mammoth demonstrations were designed to send a warning of discontentment to the conservative government of President Nicolas Sarkozy. Workers in France are angry about what they see as insufficient government efforts to protect both public and private sector jobs. People are also upset that union and employee concerns over stagnating salaries and slumping purchasing power were ignored when the government drew up its $34 billion economic stimulus package. Many remain concerned over the lack of any real effort to impose tighter regulations on banks and finance groups in France and abroad, despite Sarkozy's rousing call last year to "moralize...