Word: sectoral
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...that German, Japanese or Chinese consumers are ready to step up to replace them. For example, while China's imports are way up, those gains are due less to a free-spending middle class than to increasing demand for raw materials and components to feed the country's manufacturing sector, which turns the material into a mountain of finished products to ship to the U.S. "If you just look at the numbers, it looks like Asia's exports to China are larger than they are to the U.S.," says Rob Subbaraman, senior Asia economist for Lehman Brothers in Hong Kong...
Jobs had just led Apple on a triumphant rampage through a new market sector, portable digital-music players, and he was looking around for more technology to conquer. He found the ideal target sitting on his hip. Consumers bought nearly a billion cell phones last year, 10 times the number of iPods in circulation. Break off just 1% of that, and you can buy yourself a lot of black turtlenecks. "It was unanimous that this should be it," Jobs says. "It wasn't even by a little, it was by a mile. It was the hardest one too." Apple...
...This should be a golden time for Bangladesh. The country's economy galloped along at almost 7% last year, driven by strong growth in foreign investment and exports and a resurgent agricultural sector. Three months ago, Bangladesh's most famous son, Mohamed Yunus, won the Nobel Peace Prize for his work developing microcredit banking, a concept that has changed the lives of millions. Even the country's perennially underperforming cricket team has improved of late. Instead, the south Asian nation of 145 million people is lurching towards chaos again...
...Jobs had just led Apple on a triumphant rampage through a new market sector, portable music players, and he was looking around for more technology to conquer. He found the ideal target tech sitting on his hip. Consumers bought nearly a billion of cell phones last year, which is 10 times the number of iPods in circulation. Break off just 1% of that and you can buy yourself a lot of black turtlenecks. Apple's new iPhone could do to the cell phone market what the iPod did to the portable music player market: crush it pitilessly beneath the weight...
...Aviation isn't the only area of Indonesia's transportation sector, vital to the 220 million people spread across its 1,800 islands, to be in difficulty. As Jakarta called in Singapore and the United States for help in the search for the aircraft on Thursday, local officials in East Java continued rescue efforts for the victims of a shipping disaster that left more than 400 missing when a ferry with 628 passengers went down off the coast of Java last Friday. On Wednesday, Indonesian President Susilo Bambang Yudhoyono announced the creation of a special team to evaluate the nation...