Word: sectoral
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Harvard Law School students have heard nothing but bad news on the job front this year. After weathering a tough recruitment season, law students are now faced with a round of budget cuts that will worsen employment opportunities in the public sector as well. On Monday, Harvard Law School suspended the Public Service Initiative, a program that waived third-year tuition for law students who pledged to five years of public service after graduation. While budget cuts call for belt-tightening, it’s sad to see HLS’s Public Service Initiative disappear...
...Financial Services, the standard student budget for the 2009-2010 school year is $67,900. Although financial aid is available, even a portion of this amount is a daunting price that many students will pay for themselves with student loans. Under this pressure, choosing to go into the private sector, where the average starting salary for 2008 HLS grads was over $155,000, can be a more stable and financially responsible choice than taking less lucrative job in public service...
...feel required to take a corporate job to pay the bills. The tuition waiver is not just a symbolic gesture of HLS’s support for public service; it can mean the difference between a student starting on their career path in the public or private sectors. HLS will form a committee to suggest a successor to the Public Service Initiative whose recommendation will be announced in March of next year, and we hope this body will take provide some sort of adequate replacement to provide financial incentives for public sector work...
Walmart and Amazon were the wild cards, though, as both challenged electronics retailers on price every step of the way, allowing them to gain market share in the electronics sector. Walmart was especially competitive. "Walmart's [average] prices were 3.5% below Amazon, 4.2% below Target and down double digits compared to both Kmart and Toys "R" Us," said Goldman Sachs analyst Adrianne Shapira, in a note. "Walmart left no doubt as to who was the pricing leader...
...Dubai. A glance at the $600 billion-plus balance sheet of Abu Dhabi's sovereign wealth fund puts Dubai's debt crisis in a softer light. And, as far as Dubai's leaders are concerned, the problem is largely limited to egregious overborrowing by one company in one sector: Nakheel, the Dubai World subsidiary behind huge property projects like the Palm and the World, built on injected sand off the Gulf coast. "It will take a bit of time, but Dubai will come back," a Dubai insider told TIME. "It will come back stronger, because the crisis will help create...