Word: sectored
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...currency has lost about a fifth of its value against the euro, the currency used in much of the rest of Europe, and 30% against the dollar. Causes aren't hard to come by. Worries over Britain's fast-shrinking economy, plunging interest rates, a wobbly banking sector and creaking government finances have driven traders to dump the pound. "I would urge you to sell any sterling you might have," Jim Rogers, once a business partner of George Soros and now chairman of a Singapore investment company, told Bloomberg on Jan. 20 just before the pound hit a 23-year...
...Another charge against supplementing the costs of adding employees to the private sector is that it is a form of welfare. That is almost entirely true, but so is hiring people to build bridges which could be just as easily constructed in a year, or two years, or five. Underwriting infrastructure construction is no more or less welfare than most other forms of stimulating commerce...
...facing similar problems. The retail industry is the most obvious. Beyond that, airlines are back in trouble. All of the merger plans that carriers were looking at last summer can be dusted off. Traffic is falling sharply as consumers and businesses cut back on travel. In a related sector, the hospitality industry is in it worst period in decades. Some hotels are nearly empty...
...issue guidelines that will ensure the U.S. auto fleet reaches an average fuel economy of 35 miles per gallon (m.p.g.) by 2020 at the latest. Together the directives - the first official memorandums issued by the new President - signal Obama's willingness to take on America's disastrous auto sector, which is bleeding money even as it contributes heavily to climate change and the country's addiction to foreign oil. "The days of Washington dragging its heels are over," he said. "It will be the policy of my Administration to reverse our dependence on foreign oil while building a new energy...
...This duality is the strength and weakness of the magazine, which back in the '70s sold up to 7 million copies a month but has been losing money for years. In the third quarter of 2008 alone, the publishing sector of Playboy Enterprises Inc. lost $1.3 million. While Playboy is still the best-selling men's magazine (circ. 2.6 million), its market share has been eaten away by lad mags like FHM and Maxim. The publication is kept alive because apart from its historical importance to the Playboy brand, it is said to be much beloved by Hefner...