Word: sectoral
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...that were strengthened by labor stoppages by bank employees, many of them shareholders, whose support of Bouton since the Kerviel debacle has been solid. Despite that collective determination, Mistral says Société Générale's hostility to mergers has become a handicap in a sector where growth and geographical expansion via consolidation is the rule. That position, Mistral continues, means Société Générale has "always been viewed in Europe as being perched on the edge of a cliff, and with very little doubt it will be pushed over...
Asia's fast-growing economies welcome the investment and are putting their resources into nurturing the digital-animation industry. Singapore hopes that by 2018, digital media will generate $10 billion a year, or about 5% of last year's GDP. India's animation sector has grown 50% over the past two years and is expected to attract $950 million in outsourcing contracts with Hollywood studios by next year. The number of animation departments in Chinese universities has quadrupled, to more than 400, over the past five years, and animation supports a nearly $2 billion industry. Thailand has sold popular television...
...Romney's private-sector experience, McCain's almost quaint message of fiscal conservatism - he repeats the line "If only we could cut spending" to the point of parody - resonated among the many voters who were looking for answers to Florida's economic slump. Fifty percent of those who turned out Tuesday said that the economy was their most important issue, and McCain won those voters by 38% to 35%. Explains Steve Schmidt, a senior McCain adviser, "People understand the difference between a very good salesman and a commander in chief...
...Iraq and the war on terror, McCain can't avoid the fact that most Floridians' pressing concern is their pocketbooks. The state's housing industry has slumped precipitously in the past year. And while the state's economy is still relatively strong, this decline in its most important economic sector has focused the attention of many Florida Republicans on the solutions candidates have to offer. In SurveyUSA's most recent poll, Romney leads by 17 points among those whose most important issue is the economy. (McCain "leads by 14 points among voters focused on terrorism and by 22 points among...
McCain's best hope to defang Romney's powerful message of financial expertise may not lie in attempts to paint Romney as a flip-flopper, or in pumping up his own somewhat circumscribed policy background. Rather, some aides argue that Romney's private sector resume is, in itself, a handicap. McCain finance committee member John Lehman, a former investment banker and Secretary of the Navy, says that entrepreneurial experience is simply not transferable to the government sector. "It's so much more fun to run a company. You say, 'do something,' it gets done. You have the leverage of salary...