Word: sectoral
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...investors sold assets to raise cash. This presents a particularly thorny problem for policymakers. Central banks have used special injections of liquidity to prevent key interbank credit lines from seizing up. But the U.S. Federal Reserve has few levers to pull when it comes to the non-bank sector that is at the epicenter of the contraction. Many investors are betting that the Fed will have to do more, including making large cuts in interest rates, to restart credit creation and prevent further damage to the economy. A decade ago, the world also looked to Washington - and, specifically, the International...
...helm of the Board of Education, the Commonwealth gains a leader with a broad perspective on local, national and international education issues and solutions,” Patrick said in a press release announcing the appointment on August 22. Reville has held many leadership positions in the education sector, including serving as a board member of the BOE, executive director of the Massachusetts Business Alliance for Education, and executive director of Harvard’s Pew Forum on Standards-Based Reform. He is currently director of a policy master’s program at the GSE, as well as President...
...globetrotters who define this niche, a chain hotel, no matter how ritzy, just won't do. "The resort sector was a little tired and cookie cutter," says America Online founder and former chairman Steve Case. His own frustration as a traveler led him in August to invest in Cacique, an $800million, eco-friendly resort planned for Costa Rica's northwest coast. To stand out in the crowded luxury field, a boast about sheets with a thread count of 1,200 isn't enough. So Case and other hotel developers are trying to create a new model for luxury. Unlike...
...they want to. According to an AARP survey, 80% of Americans between 50 and 60 said they were planning to work during retirement. "Many seniors are interested in careers that are influenced by a spirit of service. Over half want to work in the education, health-care and nonprofit sector," says Marc Freedman, founder and CEO of Civic Ventures and co-founder of Experience Corps. Experience Corps is the largest AmeriCorps program for people over 55; it consists of teams of 10 to 15 people working to improve reading for students in kindergarten through third grade. Just as AmeriCorps members...
...prison system. The government would get $1 billion in dividends from the investment and would be able to cash in the bonds that people don't use. At the same time, corporate America would need to play a critical role in a plan for universal national service. The private sector has contributed more than $1 billion to AmeriCorps. The private sector must step up to the plate in funding national service - after all, it benefits...