Word: sectoral
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...corps members, Chris Myers Asch and Shawn Raymond, the U.S. Public Service Academy would give undergraduates a four-year education in exchange for a five-year commitment to public service after they graduate. The idea is to provide a focused education for people who will serve in the public sector - either the federal, state or local government - and thereby create a new generation of civic leaders. Asch and Raymond were so dismayed by the government's response to Katrina that they wanted to create a new generation of people who were idealistic about government. "We need an institution that systematically...
...much where we are now, but where we'll be in 30 years' time," says Peter Lockley, head of policy development at the Aviation Environment Federation in London. "We need to bring global carbon emissions down rapidly, but this sector is just going to grow...
...bust. Real estate stocks plunged as much as 50% in a general market sell-off last spring, while property prices have fallen 20% or so in some areas in the past six months. Both the government and the Reserve Bank of India are trying to cool the real estate sector without crashing it. The RBI has raised interest rates six times in the past 18 months to try to rein in inflation, which peaked in March at an annual rate of 7%. The Securities and Exchange Board, meanwhile, has tightened up regulations on foreigners investing in real estate firms ahead...
...current trouble can be traced back to disturbances in U.S. mortgage markets, especially in the so-called subprime market sectors, where default rates have been rising sharply. As problems have graduated from little-known U.S. homebuilders and finance companies to brand-name commercial and investment banks, public alarm has escalated. Falling house prices, rising levels of unsold homes and the financial stress from the expected surge in higher-interest mortgage resets mean that there will be no early end to these housing-sector woes...
There are four reasons why investors everywhere should fear the ongoing fallout from the bust in the U.S. housing market. First, U.S. housing-credit problems have spread to other sectors. Not only have several hedge funds suffered or failed as a result of their exposure to U.S. mortgage products, but some banks and insurance companies as far afield as Australia, Germany and Taiwan have also run up large losses. And they are likely just the beginning, with major firms like Goldman Sachs and Bear Stearns announcing in recent days that some of their own investments have been badly hit. Second...