Word: sector
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...thoughts of today's troubled housing market conjure up images of lonely tumbleweeds blowing across streets of empty condos and "For Sale" signs, a couple of financial wizards have come up with a program they believe could breathe new life and buyer confidence into the decimated sector. It's called Sirius Value Protection - and works like a 'put option,' where buyers of new homes get the right to exercise a put that would require Sirius buy back the home at the original price after an eight-year period...
...openhanded lending at the beginning of the Ahmadinejad era has given way to a stagnant property market and tight limits on bank lending in an effort to rein in prices. Ahmadinejad also dissolved economic-planning organizations and dismissed officials with economic expertise. Managers in Iran's near paralyzed manufacturing sector now face the immediate problem of how to fill the gaps in their end-of-year accounts under a cloud of unpaid government debts and declining demand...
...certain extent, mounting sovereign debt is a natural outcome of the recent recession. As in any downturn, tax revenues shrank but government spending increased to stimulate sagging economies. The result: budget deficits and more borrowing. Expensive banking-sector bailouts made the burden even heavier. That's not automatically dangerous. There is no particular level of debt that acts as a trip wire and tosses an economy into crisis. Different economies can bear different levels of government debt, depending on their ability - real or perceived - to finance it. While Greece's small and uncompetitive economy is struggling to stay afloat, Japan...
...runner for the party's presidential nomination, is a former governor. But he's not the only Republican with a gubernatorial record champing at the bit to embrace the campaign theme that Obama is a failure as President because he went into the job without sufficient executive and private-sector experience and because he is a liberal at heart. And, while Romney so far has made many of the right moves in setting himself up for 2012, there remains among Republican wise men and women the nagging feeling that neither Romney nor any of the most conspicuous crop of candidates...
...cleared now that the rainy season is near. In the end, says Lemarquis, "cash-for-work can only be a temporary step in the recovery process. After that, Haiti and the international community have to take this approach to a broader level, especially to the private sector." It's not a panacea, but so far it's proven to be one way to keep Haiti among the living...