Word: sectoral
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...industry accounts for almost 16% of the Texas gross domestic product, double what it was five years ago, and that means any slowing in that sector will have a ripple effect on the state's overall economy. "There are signs of a slowdown," says Amarillo energy economist Karr Ingham. "The jury is still out on whether it will become a bust...
Retail, a sector battered by the slowing economy and consumer spending, presents a similarly nuanced picture. Among the most brutalized have been rubber-shoe maker Crocs (down 96%, to $1.52), bookseller Borders (down 93%, to $0.71), home furnisher Pier 1 Imports (down 90%, to $0.51) and casual eatery Ruby Tuesday (down 86%, to $1.38). But there have been standouts too. Some are thrift-conscious companies that make for classic recession plays: Dollar Tree (up 61%, to $41.61), 99 Cents Only Stores (up 39%, to $11.05), Family Dollar (up 27%, to $24.51) and Wal-Mart (up 15%, to $54.63). Others, though...
...recent years, the U.S. education sector has roughly divided into two camps: unions that support more traditional views on teacher tenure and other issues vs. hard-line reformers such as district chiefs Michelle Rhee in Washington and Joel Klein in New York City, who stress accountability. This past summer, both sides circulated competing education manifestos laying out their views. Duncan was the only big-city superintendent to sign each...
...Canada lost 71,000 jobs in November, most of them in the province of Ontario, whose manufacturing sector has traditionally been a primary source of growth and prosperity. The single biggest monthly drop in a quarter-century is unlikely to be an isolated incident, and compares against 533,000 job losses for the same period...
...speculation regarding her appointment is what exactly her newly created position, officially titled Energy Coordinator, will entail. "Carol understands that our efforts to create jobs, achieve energy security and combat climate change demand integration among different agencies, cooperation between federal, state and local governments and partnership with the private sector," President-elect Obama said at a press conference to announce her nomination. Browner, herself a member of Obama's transition board, mentioned earlier this month that the new position would not change the duties of the Secretaries of Energy and Interior or the Environmental Protection Agency administrator. Her role seems...