Word: sectoral
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France is the land of public service par excellence, where a whiff of sacrilege still adheres to the very notion of privatizing basic infrastructure. Trains, hospitals, universities and pensions are all largely state provisions. But water--a sector that remains a function of municipal government in 90% of U.S. cities--is the almost exclusive domain of two companies, Suez Environment and Veolia Water...
...controversial and surprisingly French. Veolia is the world's biggest player in the management of water services. Last year sales rose 10.4%, to $13.2 billion, and earnings 16.7%, to $1.5 billion. Suez drew more than half its 2006 sales of $14.9 billion from the water business, making it the sector's No. 2 in the world...
...privatizing water. "We're delegated providers of a public service," insists Frérot. The idea is to stay "asset light" and profitable while running publicly owned facilities. "In France we've developed over many years a kind of partnership between public and private that works well in the water sector," says Chaussade. "It's an equilibrium between public responsibility and private know...
...coming five years," he says, "and why those things are important to them and to me." But Hong Kong is no longer as straightforward to govern as it was during British colonial times. Besides accommodating Beijing, the Chief Executive has to balance powerful local interests, especially a conservative business sector, with a growing civil-society movement agitating about everything from higher wages to "universal suffrage" (the local political jargon for full, direct elections) to clean air. Once known for their political apathy, Hong Kongers now want a greater role in the running of their city. Though...
This year usda-inspected slaughterhouses will kill approximately 50,000 bison for human consumption. In 2000 the figure was just 17,674. Although bison consumption remains minuscule compared to beef eating--Americans ingest the meat of 90,000 cattle every day--bison is by far the fastest-growing sector of the meat business. We like bison because it's much leaner than beef but still satisfies that voluptuary jones for red meat. (Market research shows that men in particular enjoy bison, which Americans have long called buffalo even though the species known zoologically as Bison bison is not a true...