Word: techs
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...surge in bluefin-tuna-fishing over the past decade has been driven by the proliferation of sushi restaurants across the world. The bluefin industry, once the province of rustic local fishing fleets in the Mediterranean, was last year worth about $1.6 billion. Today tuna fleets use high-tech spotter planes buzzing over the Med during the summertime tuna-spawning season in search of shoals that have escaped the trappers. The industry's major players are massive multinational corporations like Mitsubishi, the world's biggest tuna trader - Japan imports the bulk of bluefin tuna caught in the Med. Some...
...charmless city of 7.5 million that sits 50 miles (80 km) southeast of Guangzhou, the provincial capital of Guangdong in southern China, Dongguan produces a vast amount of the toys that will end up under Christmas trees around the world. Toys were one of the critical, low-wage, low-tech industries on which China built its economic ascent over the past 30 years. But as workers such as Wei know better than anyone, 2008 is the year that that part of China's miracle has come...
...with his need to stimulate the economy. This means upgrading the nationwide electrical grid to prevent power outages and shore up weak spots. Democratic officials say another key initiative will be a nationwide campaign to install so-called smart meters that monitor energy flows to limit waste. Some high-tech players in the field claim such devices could ease pressures on the grid and save consumers millions...
Health care: While Obama cannot insert a fully formed, carefully drafted plan for universal health coverage into a hurried-up economic-stimulus plan, transition aides say he will direct billions toward the health-care sector immediately. Some will go to a massive tech upgrade for an industry that in many ways is still paper-based. More urgent is the need to funnel cash directly from Washington to states so that local legislators don't rush to cut spending on Medicaid as state tax receipts dry up in the recession. "Absent some relief there, you'll get Medicaid budgets slashed," says...
...mutual-fund industry - for which fleeing investors don't have to give a 45-day notice, as they do for most hedge funds - may be a different story. According to an analysis by TrimTabs Investment Research, in the last bear market, at the time of the bursting tech bubble, 4.3% of dollars in U.S. stock funds were withdrawn. So far in this cycle, which is inarguably more severe, only 3.5% of such assets have fled. "To me, this says there's more mutual-fund selling to go," says TrimTabs president and COO Conrad Gann...