Word: sectoral
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...reality, the global economic downturn has hardly left the nascent alternative energy sector untouched. Developers here say that financing for new wind farms and solar plants remains all but frozen, halting tentative plans in the U.S. and Europe to expand clean power. The WilderHill New Energy Index - a fund that tracks the stock performance of selected clean tech companies - is down more than 60% since its peak in November of 2007, slammed by the double blow of the loss of venture capital and the reduced urgency for energy alternatives as the price of oil has tumbled. Clean tech startups have...
...says automakers shouldn't panic. Morales may talk a big nationalist game, Almeida argues, but he always ends up accepting foreign investment and technological support that could give the car companies a foot in the lithium-production door. "The conditions exist for foreign investment and involvement in the lithium sector in Bolivia," Almeida contends, especially if Bolivia wants to expand beyond the initial pilot plant...
...officials are trying to stimulate the domestic economy to make up for lost export growth. In November, the government announced a $586 billion stimulus package, much of which is new infrastructure spending. Taxes on some real estate transactions were also suspended late last year to boost the sagging property sector, which accounts for some 10% of national employment. More steps are likely to come. Analysts expect the government to introduce measures to support the steel and auto industries...
Indeed, large industrial groups such as carmakers Renault and PSA (which makes Peugeots and Citroëns) are now responding to the massive slow-down in the auto sector by temporarily closing plants and imposing stored or anticipated time off on workers under their retained 35-hour schemes. That may not be how employees had planned to use their time off, but it beats being laid...
...example, from 2000 to 2003, while the computer services sector shed 27 percent of its jobs in the Bay State, Massachusetts’ colleges and universities increased employment by 5.7 percent...