Word: sectoral
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...given the strains on the federal budget, it comes as little surprise that President Bush has called on citizens to donate privately and has appointed former Presidents George H.W. Bush and Bill Clinton to lead an effort to drum up private-sector support. "The greatest source of America's generosity is not our government," he said. "It's the good heart of the American people." To sweeten the deal, Congress is allowing taxpayers to claim tsunami-relief donations on their 2004 returns if the contributions are made by the end of this month...
...middle and upper classes donated just 5% of their income to charity, it would make a big difference. Much of the investment that has come into India in recent years has been confined to certain regions and selected industries. The government should increase investment in the rural sector and in other areas that have been left behind. The manufacturing sector needs to be strengthened as well. This would increase the number of jobs. Mehra Saurabh New Delhi...
...noble the cause,” Ellwood said yesterday. In his first six months as the KSG’s top administrator, Ellwood has sought to fund the growth of the school’s popular Loan Repayment Assistance Program, which helps KSG grads who take low-salary public sector jobs erase their student debt. The switch to wind energy costs the school an additional $9,000 per year, Gavel said. The school, which ran a $1.1 million surplus last fiscal year, will pick up the tab starting next semester...
While Spain's new government is trying to end its patriarchal traditions by allowing women to head the monarchy, the private sector is ahead of the curve. Ana Patricia Botn, 43, a financial veteran, is executive chairwoman of Banco Espaol de Credito (Banesto), and when her father Emilio retires as chairman, she may take over the parent firm, family-controlled Grupo Santander, which is Spain's biggest banking empire. Botn, who speaks five languages, has learned how to face those who charge nepotism. "I started at the bottom," she says. "Nobody has given me anything." Indeed, Bot?...
Besides, the weak dollar is a big factor in the revived manufacturing sector. After some lean years, exports are picking up, and factory profits are on a roll. In the third quarter alone, equipment maker Caterpillar attributed $102 million of sales largely to the benefits of a falling dollar. General Motors is opening new Cadillac dealerships in Europe. "The drop in the value of the dollar certainly helps," says James Taylor, Cadillac manager in Detroit. Other U.S. multinationals are reaping windfalls too, converting overseas revenues into the weak dollar and getting more of them...