Word: sectoral
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...season to buy that Blu-ray. With Christmas just 10 days away, one sector is emerging as the star of the holiday shopping season: consumer electronics. "We're seeing incredible growth, particularly with netbooks and TVs," says Andrew Hargreaves, an analyst at Pacific Crest Securities. According to the Consumer Electronics Association, 80% of adults say they intend to purchase technology as a gift this year, the highest figure in the 16 years the organization has tracked holiday shopping patterns. On Monday, Dec. 13, Citigroup analyst Kate McShane raised her price target for Best Buy, the country's dominant electronics retailer...
...revoke special retirement privileges for public-transport workers, and harangue employees to "work more to earn more"? Or is he the leader who in the past year has slapped down greedy bankers, fumed at U.S. and British resistance to French plans for strict new regulations of the global finance sector, and preached the gospel of "moralizing capitalism"? Is he the man, a son of a Hungarian immigrant, who, newly elected, challenged French pretense of color-blind égalité by arguing for American-style affirmative action? Or is he the leader who, facing critical regional elections next March, has begun...
...initiatives included small-business tax credits, the use of $200 billion left over from Troubled Assets Relief Program funds to support business hiring, and increased public infrastructure spending. The most novel initiative is a new tax credit to promote energy-efficient homes that will hopefully invigorate the green jobs sector...
...Iran Sanctions Enabling Act by a vote of 414-6 (one of the bill’s original co-sponsors was Harvard alum and Massachusetts Representative Barney Frank). This bill authorizes state and local governments to divest from companies investing in Iran’s petroleum and natural gas sector or doing business with Iran’s nuclear industry. Since these companies are already liable for sanctions under the Iran Sanctions Act, states have a fiduciary responsibility to consider the financial consequences of holding stock in them...
...October, the Student Government Association at Morehouse, the nation’s oldest liberal arts historically black college (and Mr. Bennett’s alma mater), formally requested for their institution’s endowment to divest from companies doing business in Iran’s energy sector. Richard Fulton, a student signatory to the letter, declared in an editorial that the motivation behind the letter was “in order for the voices and concerns of Morehouse students to have real resonance in the various human rights and national security debates of our time…Iran?...