Word: sectors
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...with him on a lot of things, is that sophisticated financial tricks and fancy hedge instruments, etc., aren't valuable just because they're making somebody $100 million worth of bonuses. And I think it is very important that we understand first principles when it comes to our financial sector. The role of the financial sector is to raise capital for businesses that actually make things and provide services to people. To help grow this economy. They should make a profit doing...
...economic rebound. What's more, the continued loan losses at the banks show that individuals and companies are still having trouble paying their bills and meeting their debt obligations. Lastly, the losses at the banks, at a time when the government is offering significant stimulus to the financial sector, suggest that the firms remain far from fixed...
...Despite the government's good relations with Washington, a large sector of South Korean society has had a long and rocky relationship with American influence, with skepticism many scholars attribute to decades of occupation by foreign powers last century. In 2002, protests erupted across the country after two American soldiers were acquitted by a U.S. military court for running over and killing two teenage girls north of Seoul in their armored vehicle; again, critics derided stipulations in the SOFA treaty that kept the soldiers from being tried in South Korean courts. In 2008, more heated demonstrations broke out in Seoul...
...cuts the flesh pressers out front). In Abbey's case, total employees dropped from 25,331 to 16,489, while costs have come down from 70% of income to around 40%, in line with Santander's overall cost-to-income ratio. The average cost-to-income ratio in this sector of the U.K. banking business is 55%. Those cost savings translate into lower lending rates, which has allowed Abbey to regain its share of the mortgage market and then some. It now makes 1 in 7 new mortgages in the U.K. and Abbey's 1,300 branches will sport...
...Many analysts worry that the detention of Freeman and Marsilli signals a reversal of the Vietnamese government's widely lauded market reforms. With spiraling inflation and the global financial crisis taking a bite out of the country's crucial export sector, some say government hardliners have responded by rolling back economic and personal freedoms. Late last year, Vietnam blocked Facebook and Twitter and arrested a number of pro-democracy activists. Jetstar Pacific, as the only joint venture domestic airline in Vietnam, could have become a target for conservatives who resent giving up control to the private sector - especially as Jetstar...