Word: sectoral
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...appointment marks a step in the development of the Kennedy School, according to the school’s Executive Director John A. Haigh. “This is an interesting kind of evolution of the Kennedy School in the sense that we’re committed to the nonprofit sector,” he said. Stone’s appointment has been well received by the faculty and researchers at the Center. L. David Brown, the associate director for international programs, lauded Stone for his “interest in building a number of new programs.” According...
...most important to come together on important issues, and to give Drew the benefit of our collective thinking.” Ferguson, who has been a member of the board’s executive committee since 2006, has had a long history in both the public and private sector. From 1999 to 2006, he served as the vice chairman of the Board of Governors of the U.S. Federal Reserve System. Following his time in government, Ferguson, who also holds both a law degree and a Ph.D. in economics from Harvard, became the chairman of Swiss Re American Holding Corp...
...South Korea's notoriously prickly labor unions are vehemently against ratification of a free-trade agreement with the U.S. signed last year; Lee, who unlike his predecessor Roh Moo Hyun is unabashedly pro-America, says the agreement would increase trade. He also supports ongoing efforts to privatize the energy sector and railroads, which union members have vowed to fight. "We don't agree with the policies of the new government," says Lee Chang Geun, the international executive director of the Korea Confederation of Trade Unions. "It will be an all-out struggle...
...even that has been badly mishandled. What should have been done was to put in a management with a remit to close the bank to new business, to stop all future lending, and to confine itself to managing the existing loan book and selling it off piecemeal to private-sector buyers as market conditions improve. After all, by one estimate, there is now some $200 billion of taxpayers' exposure to protect. Nor, of course, is the survival of Northern Rock of any strategic or other importance to the U.K. economy. Indeed, it has become a source of weakness...
...Instead, the new management has been given the remit of carrying on business as usual, competing in the market for loans, to the dismay of the commercial banking sector, which must now go head-to-head against a state-owned and state-guaranteed competitor, which they are promised will one day be privatized...