Word: sectoral
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...Vishnu, the many-armed Hindu god of a thousand names ... The foundations for Galbraith's current fame-or notoriety-were laid a decade ago with publication of [his book] The Affluent Society ... With its analysis of poverty in America and its plea for greater attention to the public sector-housing, police, mass transit, education and welfare-it established clear guideposts for both the New Frontier and the Great Society. Galbraith offered the best summation of its philosophy when he testified against tax reduction before a congressional committee in 1965. 'I AM NOT QUITE SURE WHAT THE ADVANTAGE IS IN HAVING...
Since Air Force General Michael Hayden was tapped on May 8 to head the CIA, there has been much speculation that Stephen Kappes, a former CIA operations chief fluent in Farsi and Russian, might leave a lucrative private-sector post to return as Hayden's deputy. As reported on TIME.com last week, a June 1 London Stock Exchange filing by ArmorGroup International, a London-based security firm where Kappes has worked since April 2005, confirms that he plans to rejoin the CIA. The company said Kappes "will be leaving the Group in early June 2006 to accept the position...
...Peru early last year. He is the clear favorite among Peru's rural and urban poor, who have not benefited from the country's fast-growing economy and are receptive to his promise of radical change. Those promises include claims that he would nationalize "strategic industries" like the energy sector, veto the free trade agreement with the U.S. and end U.S.-supported programs to eradicate coca...
...risk taking is very much alive. About 500 hedge funds, up from 180 in less than two years, have more than $100 billion at work in the energy sector, says tracker Peter Fusaro, head of Energy and Environmental Capital Management. "We're in the middle of the vortex," he says, pointing to hot economies in Houston and Calgary, Canada. "The bigger issue is--get to know your risks. Enron was the dumbest energy company in the world...
...need to get into the several billions of dollars. The [black banking] sector should be consolidated into one bank. Then you'd have an institution that would really have a serious impact, produce high returns for its shareholders and fundamentally change black America. You talk about the turnaround of a company. We're trying to turn around a whole race...