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...Numbers from the Society for Human Resource Management (SHRM) speak to the same effect for new employees. Each month the human-resources trade group surveys more than 1,000 manufacturing and service-sector companies. The number of firms reducing new-hire salaries and benefits now outstrips the number of companies increasing packages. Falling compensation for new hires is unusual too, even during a downturn, according to analysts at SHRM - smaller increases are the more typical response...
...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 aid the effort, Sherin is looking into renting empty storefronts, reopening vacant schools and even using the downtown Amway Arena, home to the Orlando Magic professional basketball team, for mass-vaccination campaigns. "It could be a little bit of pandemic pandemonium in the beginning," he says...
...savage critic of big government; he sees the crucial divide in politics as between those who trust the public sector to grow the economy and those who trust "the guy drawing up a business plan on the back of a napkin at Denny's." In an interview, he supported the privatization of Social Security, a constitutional amendment to restrain spending and the right of schools to teach intelligent design. He sees the stimulus as a defining issue, an inexcusable embrace of intergenerational theft that exposed Crist as a Specter-style Republican In Name Only. If the Republican Party is going...
...Haven, Conn., investment-research firm, estimates that up to 30% of new bank lending this year has wound its way into equities. Why isn't the money going into new businesses? The evidence suggests that in key parts of the economy growth remains anemic, particularly the important export-manufacturing sector, which continues to suffer from the reduction in global demand. According to a report from Fitch Ratings in the U.S., Chinese lending continues to accelerate even though corporate profits overall are shrinking - suggesting that China may be incubating its own financial crisis that could be triggered when the adrenal rush...
...China's technocrats are well aware of the risks they are running. "They came into this [crisis period] with eyes wide open," says Barber, recognizing that loans being granted in a relatively weak economic climate could start to go bad in droves. The country's once shaky financial sector was cleaned up several years ago - in 2007, nonperforming loans amounted to just 3% of total bank assets - and vehicles set up to deal with China's last banking crisis still exist. In other words, Beijing thinks its financial system is strong enough to handle the risks of its very loose...