Word: sectoral
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...Kris Crawford, a bedrock Republican and the only physician in the state's house of representatives, is unexpectedly open to the idea. "We're never thrilled with government programs here in South Carolina, but the government does have a responsibility to do things that the private sector won't do for themselves," he says. "I think it's a great idea...
...That doesn't impress locals. "Many of these vineyard owners are committed to production and investment plans spanning 20 or 30 years," says a member of the regional wine sector, who asked not to be named due to the "vivid tension" the situation has created. "These aren't operations that can change strategy or cut production overnight...
...Winners and Losers Many in Macau have benefited from the flood tide of investment and tourism dollars, of course. But the gains haven't been spread evenly and some worry that Macau - which once had a manufacturing sector to balance tourism as a source of jobs - has become a one-trick economy that is dangerously reliant on the gaming industry. Gambling taxes now account for three-quarters of the government's revenues. The industry has grown so rapidly, it is even stunting the development of other sectors by vacuuming up the best talent. Says Lawrence Ho, CEO of Melco Crown...
...weekends routine and further extending France's five weeks of paid vacation. Not surprisingly, several hundred cadres were the only ones protesting as legislators voted to reform their cushy work arrangement into obscurity. In that way, the new law already produced one small labor miracle: it made private sector executives sputter with a rage normally seen only among militant public sector strikers...
...hundreds of smaller, more competitive plants, but the powerful images of smokeless smokestacks and dying industrial towns haunt many corners of the American landscape. Amid that painful change, the number of U.S. blue-collar jobs has dramatically declined, just as employment in the newer and often lower-paying service sector has soared. The trend will continue. The U.S. Department of Labor has projected that between 1984 and 1995 the economy will add 16 million new jobs. Almost 90% of them will be in services, even though in that sector there are growing signs of new overseas competition (see box). Those...