Word: sectoral
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...this raises the question: Should Americans continue to pour so much money into a single nonprofit known more for first response than for long-term rebuilding? "The beauty of the nonprofit sector is its diversity," says Borochoff. "Americans need to figure out that they should use the Red Cross, but don't use the whole wad. Save it for some other groups...
...roughly 30,000, with a "handful" involving federal funds. The Spellings plan assumes roughly 60,000 federally funded private-school placements. Finn, an Assistant Education Secretary under Ronald Reagan, approves of it as "compassionate and constitutional." Andrew Rotherham, a co-director of a think tank called the Education Sector and a former Clinton education adviser, says the proposal's eventual legitimacy may depend on details Spellings has not yet made available. "As a temporary initiative to help families in exceptional circumstances, it's reasonable," he says. "But if they use this disaster as a beachhead to establish a longstanding voucher...
...efficient that they can extract 44.6 gallons of refined petroleum products from a 42-gallon bbl. of crude. That's good, but not good enough, especially not after Katrina knocked out 10% of U.S. refining capacity. Sixty-seven percent of America's oil demand comes from its transportation sector and even before the storm hit, the U.S. was importing about one-tenth of its refined petroleum needs. With no clear indication of when America may return to full refining capacity, and with no extra refining capacity anywhere else in the world, the U.S. thirst for oil products has created...
Elsewhere, Wadhwaney has been snapping up shares in a Taiwan venture-capital firm, Hotung Investment Holdings, which trades at less than half the value of its net tangible assets--because the Taiwanese tech sector was crushed. He also likes BIL International, a Singapore-listed company that owns thousands of acres in Hawaii that it may or may not succeed in developing, a hotel chain in London and oil and gas royalties from the Bass Strait. The stock trades for at least 30% less than its value by his "ultraconservative" appraisal. Then there's Liu Chong Hing Investments, which owns...
Industry insiders say this cross-border deal could be a sign of things to come in India's booming outsourcing sector. "There's a growing amount of confidence and growing resources among these firms," says Joe Sigelman, co-CEO of OfficeTiger, which will reach $100 million in sales this year and may go public in 2006. Strong, small firms will swallow others to solidify their positions against Indian outsourcing giants like Wipro and Infosys, says Peter Bender-Samuel, CEO of Everest Group, a research firm. U.S. players like Accenture and IBM Global Services, meanwhile, have a new kind of competitor...