Word: sectoral
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Rupert Murdoch's unsolicited bid of $60 per share for the parent company of the Wall Street Journal was greeted as good news for the battered newspaper industry today. Companies across the sector saw their stocks rise...
...extent of al-Qaeda's plotting inside Saudi Arabia, as revealed by the authorities, is impressive, considering the major crackdown on the group that began four years ago after it launched a series of deadly attacks on expatriate housing complexes, government offices and oil sector facilities. "This is a movement that is trying to overthrow the government and the system," says Jamal Khashoggi, editor of the influential Saudi newspaper Al Watan. "Al-Qaeda is not dead. Part of its strategy is to win in Iraq and make it an Islamic state, from which it would launch a campaign to other...
...cuts, they're not immune to government belt-tightening. The construction industry has always been the lifeblood of the yakuza-the gumi in Yamaguchi-gumi is also frequently used to denote construction companies. During Japan's bubble economy in the 1980s, crime lords feasted on the lucrative real estate sector. Yakuza made a mint by intimidating residents into selling their property at below-market prices. Many gangs plowed profits into real estate projects-especially golf courses, which became one of the most mobbed-up industries in Japan. When the bubble popped and the government in the 1990s tried to spend...
...going on is eerily similar to when women's tennis blew up a decade ago," says John Mascatello, president of SFX Golf. After years of a few players dominating, the arrival of the Williams sisters spawned a Tiger Woods effect, heightening global competition. Today, Asia is the fastest-growing sector in TV, with women's golf in Japan garnering double the ratings of the men. That's one reason Honda is the sponsor of the LPGA's new Thailand tournament...
...Japan's technical expertise is unquestioned, but its corporations have generally been reluctant to share their secrets - especially with potential competitors in countries such as China - and so far there's little evidence that Tokyo will be leaning hard on the private sector. The country also has its own environmental problems - with its long-dormant economy back in gear, carbon emissions are rising fast, and Japan will be hard-pressed to meet the Kyoto targets that were negotiated in its backyard. "Japan is moving in a very troublesome direction," says Mie Asaoka, an activist with the Kyoto-based environmental group...