Word: sectoral
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...hopes may yet be answered, as more and more Americans seem to have public service professions on their radar now. It is likely, of course, that one of the main sources of this increase in TFA interest has come from students who, having been turned away from the financial sector, are looking for an alternative job experience that has a similarly strong reputation. Still, it is a good development that the prestige traditionally associated with consultancies and investment banks is now shared by TFA, a public-sector opportunity that advances our new emphasis on public work. Regardless of the motivations...
...financial sector crumbles, six-figure stars are increasingly among those getting the pink slips. When Citigroup, for example, announced recently that it was booting some 50,000 employees--many of them high-paid managers--the departing bankers joined more than 20,000 workers the company had already laid off this year. Many of the newly axed at Citi and elsewhere have left behind cushy paychecks that covered their jumbo mortgages and kids' tuition bills. That ominous sound you hear? It's all those $200 pairs of shoes pounding the pavement...
...aware of their collective ineptitude. When tenure is eliminated and teachers can make up to $130,000 per year for extraordinary performance, educators like me may be encouraged to (re)join public service. Until that time, those of us who have "unreasonably" high expectations will remain in the private sector. Kevin R. Glover, BETHLEHEM...
...many smaller Chinese makers might prove even more vulnerable to the downturn. These firms lack the technology, quality and brand recognition to easily compete with foreign players in a downturn. In a crowded market - with more than 40 Chinese brands - the slowdown may weed out the sector's weaker players. "There are too many manufacturers" in China, says John Bonnell, director of forecasting for Asia at J.D. Power in Bangkok. "We can expect a shakeout...
...Analysts are hard-pressed to predict which might be the first to go. The automobile sector is a priority industry for the Chinese government, and many carmakers are already heavily backed by the state, which could aid to keep local champions afloat through the downturn. This week Chery, one of the country's most successful domestic automakers, received a $1.5 billion loan from China's Export Import Bank. Jin Yibo, Chery's spokesman, says that the loan isn't government aid or any sort of bailout, but a "business deal" between Chery and the bank. However the money is characterized...