Word: sectoral
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...False eyelashes are back and stronger than ever because they're inexpensive and provide instant gratification," says Gina Brooke, artistic director of Shu Uemura, which also sells lashes for $20 or less. Indeed, as the economy slides--sales in the makeup sector have dropped 4% this year--women are looking for a cheap but glamorous lift. Sales of lipstick--traditionally the top performer in tough economic times--have not fared as well as those of mascara. While lipstick sales in February were down 11.5% from last year, according to the retail tracking company NPD, mascara sales dipped just...
...house built on rock rather than on sand - to describe a future that was nothing less than an overhaul of the nature of American capitalism. "It is simply not sustainable," he said, "to have an economy where, in one year, 40% of our corporate profits came from a financial sector that was based on inflated home prices, maxed-out credit cards, overleveraged banks and overvalued assets...
Citigroup (C), Goldman Sachs (GS), and Wells Fargo (WFC) had better-than-expected earnings. The banking sector was supposed to spend the balance of this decade feeling around in the dark and finding nothing but more bad assets and little revenue from what had been an investment banking goldmine fueled by quarters of good M&A and corporate finance results. Citi's numbers beat forecasts but revisionists began to take apart the earnings after the fact. An analyst from Goldman Sachs wrote that the big bank's credit losses are growing at a "rapid rate," meaning the shares remain...
...third-to-last track, Bareilles finally relented, to the welcoming cries of a large sector of the gathered mass...
...suggested that the govenment quickly needs to decide to ensure there are strong regulations protecting the financial sector...