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...well. Notes Dan Clark, managing partner of EnergyHeadhunter, a Houston recruiter: "Most energy projects are large multi-year projects, much like a long train. The hiring you're seeing now relates to projects started a year ago, or more, before the decline in oil prices." Challenger concurs: "The energy sector remains a very strong area," he says...

Author: /time Magazine | Title: A Few Bright Spots Amid Rising Unemployment | 11/7/2008 | See Source »

...John Hoagland of Mainstay Partners, a boutique executive search company that works with venture capital firms, argues the market for clean-technology - particularly companies focused on energy storage and transmission - should rise, and with it, employment. The sector's prospects were burnished this week by the election of a president who has publicly vowed to make energy a top priority. "Barack Obama, says Hoagland, "is not beholden to a group of friends who see the world within a 'Drill, baby, drill' mindset." EnergyHeadhunter's Clark echoes excitement over alternative-energy jobs: "Fuel cell technology is a strong area for recruitment...

Author: /time Magazine | Title: A Few Bright Spots Amid Rising Unemployment | 11/7/2008 | See Source »

...growth on a graph: V (short and shallow); W (double dip with a positive blip in the middle as a result of fiscal stimulus programs); L (a protracted, Japan-like stagnation); saucer (stagnation with a very weak recovery). A V-shaped recession now seems highly unlikely. The U.S. housing sector continues to deteriorate, eroding consumer confidence and wealth. Private investment is in free fall, and personal consumption (which accounts for 70% of U.S. GDP) is getting weaker and weaker...

Author: /time Magazine | Title: Looking for the Bottom | 11/6/2008 | See Source »

...that, by and large, was how the biggest players in the financial-services sector acted in the run-up to the crisis. Taking on risk from instruments like credit-default swaps and collateralized debt obligations (CDOs) was treated as a profit center, often with little oversight of the mathematical models that spit out numbers about what it was all worth. The models proved spectacularly wrong because they precluded the possibility of an outsize event. Once big shocks, like declining home prices, started hitting, the models broke down. According to a report by a group of U.S. and international regulators, while...

Author: /time Magazine | Title: Reassessing Risk | 11/5/2008 | See Source »

...posting a 9.3 percent gain in fiscal year 2008, beating the endowment’s overall return of 8.6 percent. Private equity investments have taken a hit from current economic distress that has crippled investors’ access to capital—a key driver of gains in that sector. Harvard would not be alone if it did unload much of its private-equity portfolio, according to The Journal. The newspaper reported that the nation’s largest public pension fund—the $189.6 billion California Public Employees Retirement System–has requested that private-equity firms...

Author: By Crimson News Staff | Title: Harvard Sells $1.5B of Private Equity Portfolio | 11/5/2008 | See Source »

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