Word: sectored
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...income, according to a new report from the Conference of Mayors, which is why its forecast of huge job losses in these regions is so troubling. Leading the job cuts are New York City, which is expected to undergo more painful layoffs in the financial sector, and Los Angeles, where depressed home prices have ravaged the local economy. The report also predicts that the overall unemployment rate in metropolitan areas will rise above...
...troubled mortgages, and create a great series of public works projects. These programs are supposed to create over three million jobs as they build energy, education, IT, medical, and broadband infrastructure. Getting the capital for these into the system means running them through government agencies and into the private sector. Many of the projects will operate in regulated parts of the economy like the health care system, so they will be subject to a set of bureaucratic rules which may slow down their implementation...
...Issuing pink slips en masse is a political nonstarter in India, and it's even less likely to happen in an election year. With India's flagship information-technology sector under global scrutiny, the government looks keen to salvage Hyderabad-based Satyam, the country's fourth-largest outsourcing company. "I am pretty sure the employees are on safe terrain," says James Agarwal, head of executive-search firm BTI Consultants India. "There is no chance the government will allow the company to go down. It is important for employees, for Indian corporates, for the government." (See pictures of the global financial...
...there have been reports of business rivals trying to poach Satyam's employees and customers, which could make it harder for the company, which is suffering a cash squeeze, to continue operating. The government has stepped in and appointed a new board consisting of heavyweights from India's corporate sector, but officials say a bailout is not needed. Satyam is seeking bank loans to help cover salaries and other operating expenses as it tries to regain its balance...
...include refundable credits, though they could be included in later legislation. O'Brien, who works on government relations and is based in Washington, says some in Congress worry that making the credits refundable would set an uncomfortable precedent. But if the government truly wants to change the energy sector - and make green jobs more than just green rhetoric - refundability is the way to make sure the solar industry doesn't go dark...