Word: sectored
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...waste incinerators [generated] 10% of all mercury air emissions as well as being a major source of mercury water emissions," says Gary Cohen, a co-founder and co-executive director of HCWH. In 1997, the last year for which data is available, according to the EPA, the health-care sector was the country's fourth largest source of mercury emissions, and mercury fever thermometers alone accounted for about 17 tons of mercury deposited yearly in solid waste landfills. Despite the lack of hard data, industry watchers estimate that the phase-out of mercury-based instruments has greatly reduced that burden...
...among health-care CEOs. Some 150 registered health-care industry construction projects currently underway - involving about 30 million sq. ft. of new building space - have pledged to adopt the Green Guide for Health Care (GGHC), a sustainable design toolkit developed in part by HCWH, which helps the health-care sector construct healthier buildings from the start, according to Cohen. For example, the guide suggests ways to maintain indoor air quality, as indoor pollution can cause or aggravate many health conditions and threaten the well-being of patients with compromised immune systems...
This is dire news for the tourism industry which employs 53 million people directly or indirectly. It is also a complete about-face for the hotels sector which was enjoying positive forecasts until just months back. In the last few years, while the economy was projected to grow at 8% to 9%, top names in hospitality like Four Seasons and Aman were making forays into India to fill the huge supply gap in the top-end executive and leisure travel segments. Five-star room rates in key cities had grown by 40% year-on-year in 2007, and a report...
...delaying commissioning of newer competitors. "Projects that have only just got underway, which are aimed at opening in 2010-11, will be put off," says Jain of JLLM, "They will face constraints in terms of financing and ability to complete projects, as well as downbeat forecast for the sector. This will reduce the pressure on [room rates] by keeping competition down." That may be a relief to some players, but will be small consolation for the industry as a whole...
...government and banks stage-managed Daewoo's unwinding to soften the blow to the economy. The group was broken apart. Some assets were sold. (Ironically, GM acquired some of Daewoo's car company.) Other affiliates got debt restructurings; a government agency bought up Daewoo loans from the financial sector at a discount. Billions were lost. But the whole concept that Daewoo was too big to fail proved false. The reality was that Daewoo had become more burden than boon. Many of the loans it had gobbled up were effectively bad, however they were characterized on banks' balance sheets, because...