Word: sectoral
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...economic principle, velocity has been considered a constant. According to Gelleri, it was stable in the 1950s, '60s, and '70s but starting in the '80s velocity has decreased as more money has been diverted to the financial sector. This scenario may benefit financial centers, but money tends to drain away from other places. Gelleri says that both the Euro and the U.S. dollar have slowed way down. "In the last several months velocity has declined sharply because there's less GDP and more money," he says. "The money doesn't flow. More money is being printed...
...that sounds like a tremendous amount of faith in the private sector, it is. But the draw of Tysons - its plum location between Washington and Dulles, the major highways cutting through it - has made it endlessly marketable to businesses despite the suburban gridlock. Unlike abandoned subdivisions and flailing inner cities, Tysons thrives (hence the traffic). The Hilton Corp. plans to move its headquarters here from Beverly Hills, Calif. Volkswagen and Gannett already call Tysons home. (See TIME's Pictures of the Week...
...federal stimulus package, the Senate passed a version of the bill that explicitly barred money from theaters, museums and other arts groups. Though that provision was removed in the final version, it impressed on the arts community that it had to remind leaders that "real people" work in their sector of the economy, which provides 5.7 million jobs and nearly $30 billion in tax revenue...
...back to the private sector, which, after all, has been the lifeblood of American arts since the 19th century. But how to operate there at such a treacherous time is a puzzle for a lot of arts groups. This is why Michael Kaiser, president of the John F. Kennedy Center for the Performing Arts in Washington, established Arts in Crisis, a free consulting service for arts groups on the verge of a nervous breakdown. Kaiser is something of a rescue artist. Over the years, he has swooped in as a director to save the Alvin Ailey American Dance Theater...
...greenhouse-gas emissions in 2007 by economic sector, in billions of metric tons...