Word: sectored
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...transportation, food and finance - is deeply troubled. Now we are ready to invite government back in to help solve our problems, if the price is right and the strategies are convincing. By spending more through government and treating government as a partner rather than an enemy of the private sector, we can potentially save vast sums in the long run through a more efficient health-care system, safer climate, more competitive economy and more secure country...
...with Time Magazine’s Joe Klein, Barack Obama commented on a recent New York Times article by Michael Pollan, the nation’s foremost critic of factory farming. Obama agreed that America’s food system is broken, noting that “our agriculture sector actually is contributing more greenhouse gases than our transportation sector … and [is] partially responsible for the explosion in our healthcare costs...
...thing is that whenever a head of state begins a visit to Israel, he doesn't go to a university or to the high-tech sector or the beautiful cultural places we have in Israel; first you should get molded into the Israeli reality at [the Holocaust memorial] Yad Vashem. And I do not think that Yad Vashem should be the showcase or the gateway through which everybody should first encounter Israel. Part of the program, yes; but the starting point? This is not the way to baptize people into an encounter with Judaism...
...from being helpful, the Treasury worsened the situation by increasing the liquidity of the financial sector through its bailout. However, the greatly enhanced lending capacity of depository institutions has not yet reached the money supply, as evidenced by the tremendous level of excess reserves. When it does, the Fed will find it difficult indeed to summon the political will, or find the ability, to soak up all this excess liquidity. Recessions ordinarily lead to deflation or disinflation, which increase the real value of assets and act to end the recession by fostering spending. This natural and necessary corrective mechanism will...
...crunch," as central-bank governor Sinan al-Shibibi described it, lasted for several months and was only recently rectified. "We had some temporary problems," he said, explaining that they were precipitated by the government's public-sector pay raises that took effect in July. "There should be more coordination between the central bank and the government to assess and to project for the demand for currency by the government." That is quite the understatement...