Word: sectoral
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...government's continued assistance to the financial sector comes at a time when the prospects of many banks are improving and most economists believe the financial crisis has largely ended. Earnings at a number of large banks are rising again, and some smaller banks have been able to raise money on their own. Since the end of June, at least 15 small or regional banks have together raised more than $1 billion in stock offerings, without the assistance of the government, according to research firm SNL Financial. Some banks have already paid back the money they got from the government...
...getting funds under the TARP's Capital Purchase Program, in which the government injects money into a bank in return for preferred shares, is proof that a bank could survive on its own. While the Treasury is winding down some of its programs meant to assist the financial sector, it has no plans to end the TARP program early. The Treasury Department says it is still getting new requests from banks for TARP funds. (Small banks have until Nov. 21 to apply to get TARP funds...
...Climbing Ivy’s mission to provide confidence and future opportunities for its students. “Long-term test prep is in the interest of society as a whole,” he said. “It’s important to bring talent from every sector to the leadership pool of the whole country...
...fact is, despite what the headlines in your financial press might say about China's 'strong' growth, our economy is still hurting - thanks to the financial collapse your country inflicted on the world. Our export sector is particularly suffering, so the last thing anyone needs is for us to go all nationalistic and start a trade war. We understand we need the U.S. market, and we also have a desire for stability right now - more so than usual. Next month is the 60th anniversary of the founding of the People's Republic of China, and then in November...
...before you thank me for that, I wanted to mention a couple of things. Your Treasury Department has thus far been good at keeping its mouth shut about the value of our currency. As I said, we need our export sector to recover - late last year I had more unemployed workers in one province (Guangdong) than you have in your entire country - so forget about pressuring us to revalue the renminbi. We allowed it to increase in value against the dollar during the Bush years, but until there's evidence of a global economic recovery, we're not budging...