Word: sectoral
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...casino, to be developed by Malaysia's Genting International, will stand on Sentosa Island, which is connected by bridge, light rail and cable car to the main island. Using land it had been reclaiming since the 1970s, the government several years ago began auctioning Sentosa plots to the private sector, but only to be developed under its careful guidance and marketing. Beaches that ringed the island were spruced up, and two golf courses modernized. Thirteen hotels containing about 3,500 rooms are planned, providing lodging for tourists drawn to the beaches, the casino and a Universal Studios theme park, which...
...commercial-property sector is also buoyant, especially around Marina Bay, the western shore of which is being promoted as Singapore's answer to Wall Street, but with sailing, waterskiing and dining on your doorstep. Eight new skyscrapers are in the works that would quadruple Singapore's supply of top-quality office space by 2010. Partnering with both local and foreign developers, government planners have applied every element of its newest mantra-"live, work, play"-to the area. "It's definitely [the government's] vision," says Martin, the general manager of Marina Bay Financial Centre. "But they've convinced the private...
...ability to attract private-sector funding could affect Harvard-based research on AIDS, tuberculosis, and other devastating diseases...
...that’s what this university runs on, and we have to fund it,” says David A. Weitz, a physics professor who directs Harvard’s Materials Research Science and Engineering Center. Weitz says the University may have to turn to private-sector sources—including venture capital firms—more frequently in the future as federal agencies tighten their purse strings...
...Such an approach would match Rumsfeld's own career in government, which was dotted with long stretches of time in the private sector. He was elected to Congress in the early 1960s, did stints in the Nixon and Ford Administrations and briefly in the Reagan era. In between, he ran several large corporations and became quite wealthy. He returned to Washington in 2001 as Defense Secretary after nearly a two-decade absence. He resigned last November as public support for the war in Iraq collapsed...