Word: sectoral
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...Sunday, Brown was forced to nationalize Northern Rock, after months of searching for a private sector buyer for the stricken lender. The move - the first nationalization of a British business since the 1970s - triggered the suspension of the bank's shares Monday. (Price? Less than $2.) And it's left the Brown government's own stock much more vulnerable...
...short term, the financial chiefs see slow growth. They are keen to increase transparency and various form of disclosure in the financial sector, encourage appreciation of the yuan, and also encourage OPEC nations to raise production. In the long term, the G-7 economies seem more optimistic, but their statement points out that the U.S. will face further deterioration of its housing market. Asked his view of a potential U.S. recession, Paulson answered: "I've been careful to say I believe we're going to continue to grow," said Paulson. "If you're growing, you're not in a recession...
...finance chiefs talked about the U.S. housing market, rising energy prices, financial-sector reform, credit problems, inflation and exchange rates. But rather than resulting in specific measures, the meeting produced a kind of watch-and-wait strategy whereby the G-7 nations, Britain, Canada, France, Germany, Italy, Japan and the United States, would "continue to take appropriate actions, individually and collectively, in order to secure stability and growth in our economies," according to their statement...
...with the World Bank. "There's clearly a role for a fund aimed and focused at technology and technology adoption in developing markets," says Paulson. "We have no chance of solving this problem unless we accelerate the use of clean technology and come up with incentives for the private sector." Japan hopes to take the lead in climate change when it hosts the Group of Eight summit in Hokkaido at the lakeside resort of Toyako in early July...
...problem for political scientists, Romney's failure is far less difficult to understand, since the very qualities that made him such a success in the private sector helped prove his undoing at the polls. In politics, unlike business, adaptability can be a liability. In politics, unlike business, success is not measured in strictly quantitative terms. Voters want leaders, not just capable managers - men or women who can inspire trust and inspiration. Romney never convinced enough voters that he was that...