Word: sectoral
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...Arab driver was allegedly involved in the Independence Day rocket plot. "This is significant," says one Washington official. "Pakistan's engagement in the war on terror is all the more visible with these detentions." The crackdown, which began in earnest in August, has enraged the deeply conservative, Islamic sector of Pakistani society...
...Midwestern hardhats, the Southern millers, the Rustbelt miners—who watch their plants close and their jobs replaced because foreign labor is cheaper. Now, we are told, it is all of us whose (future) jobs are at risk. Or, more precisely, it is every service sector worker who need not appear in person: today’s Bangalore customer service callers could become tomorrow’s investment bankers...
Checking In for A Recovery The U.K. housing market is cooling off, but the hotel sector seems to be heating up. Saudi investor Prince Alwaleed bin Talal is in talks to buy London 's Savoy Hotel for at least $360 million. Ian Schrager has FOR SALE signs up at two London sites, the swanky Sanderson and the St. Martins Lane Hotel. Stelios Haji-Ioannou's easyGroup is launching a chain of no-frills easyHotels in early 2005. And Simon Woodroffe - the man behind the YO! Sushi conveyor-belt eateries - is opening Yotel, cramming luxury into tiny, 10-sq-m rooms...
...inflation to almost double the central bank's 2.5% target, and bankers will likely hike interest rates for the fourth time in four months when they meet at the end of this month. Poland 's neighbors don't seem to be having the same problems; none has an agriculture sector of such size and scope. The national bank forecasts that food prices will continue to rise at an annual rate of 9% through the end of the year. "Too pessimistic," says Citibank Handlowy analyst Katarzyna Zajdel-Kurowska, who thinks relief may actually be on the way. "We expect a good...
...finance sector is now slowly recovering - but not so much in New York, as firms hire elsewhere. "Wall Street is not coming back as an industry," says Martin Kohli, a regional economist for the Bureau of Labor Statistics. That's alarming because finance workers make a lot of money - so much money that the city's economy more or less depends on their success. Between 2000 and 2002, 1 of every 4 Manhattan jobs lost was in finance or insurance. In fact, the only industry to have truly rebounded is hospitality and leisure. This year, 39.4 million visitors are expected...