Word: sectoral
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...should be the last month that the figure can rise by more than 500,000. If June is much worse, then the recovery is hardly taking hold. Second quarter earnings for banks will have to be relatively strong or the hope of a rebound in the sector, which the "stress tests" indicated is possible, will dwindle. Investors may begin to think that the test criteria were too liberal. If that happens, the public's faith in the capacity of the federal government's ability to find systemic problems in the financial sector and solve them will diminish quickly. Nothing could...
...economic stimulus package should be in full force by the summer. Companies that build roads, public structures like schools, and infrastructure projects are supposed be getting contracts for tens of billions of dollars in new projects. Out-of-work construction crews will be called back to work. The building sector will be on its way out of its depression. (See pictures of the Top 10 scared traders...
...recently served as a special counsel to the 2008 campaign of Republican presidential candidate John McCain. With a little time on his hands following the November election, Sheffner, who had some journalism experience on Capitol Hill prior to law school, turned to blogging about copyright issues—a sector where, he said, there was a need for a more conservative viewpoint. “When you go on the Internet and you want to read about copyright issues, ninety-nine percent of what you read is ‘the RIAA is evil...
...find it quite rare when I see an athlete come over to my sector of the world,” Kellaway says. Kellaway counts herself among the politically active and is former co-chair...
...currently near insolvency," he concluded. Bernanke disputes the numbers, saying banks have "taken significant write-downs, they have reserves and there are substantial earning capacities." But Roubini is not alone in questioning whether the government used appropriately pessimistic assumptions in conducting the stress tests, especially as the financial sector faces a potential flood of commercial real estate losses that could mirror the residential market's recent woes...