Word: sectoral
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...newsletter, points out in its latest issue, "Massive injections of money and credit ... are always bullish before they are bearish." The newsletter draws worrying parallels between China's current credit boom and the gush of lending that produced the U.S. housing bubble, the collapse of which devastated the financial sector and triggered the global credit crisis and current recession...
...Angeles was stunned at the news. L.A. Police Department chief William Bratton was stepping down, less than halfway through his second term, to take a job in the private sector. Even Mayor Antonio Villaraigosa, who Bratton has partnered with so successfully to lower the city's crime rate, only learned of Bratton's plans during a midnight phone call the day before the formal announcement. Bratton explained that he had actually made the decision several weeks before and had planned to tell the mayor at a meeting on Wednesday; but, he says the Los Angeles Times forced his hand...
...judge from the spiking numbers, those efforts may be having an effect. Despite criticism from the right that the stimulus was a waste and risked adding to government jobs, not private-sector ones, the unexpected drop in overall rates came with only an additional 7,000 jobs in the government sector. But July's indications of improvements do little to ease some economists' fears about long-term unemployment now that 1 in 3 unemployed persons has been looking for work for 27 weeks or more. Galbraith of the University of Texas at Austin believes that some workers have intentionally left...
...deliver the vaccine to all the local students. "For most of the local health departments, they are not going to have the resources to do the job," Sherin says. "We are really going to be relying on volunteers to help us." In addition to turning to private-sector doctors and nurses to aide the effort, Sherin is looking into renting empty storefronts, reopening vacant schools and even using the downtown Amway Arena, home to the Orlando Magic, for mass-vaccination campaigns. "It could be a little bit of pandemic pandemonium in the beginning," he says...
...local teachers union filed a complaint, alleging that the positions were taking away jobs from higher-paid unionized aides. It's all a new twist on an old story. "School spending has been augmented by private sources for a long time," says Andy Rotherham, a co-founder of Education Sector, a Washington think tank. "But this money is now being looked at as a way to restore more core services that are being cut, rather than just to provide extra things." (See pictures of a public boarding school...