Word: sectored
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...Commission on Human Rights called for the creation of the post earlier this spring in response to the growing strength of the private sector, and the diminished accountability faced by many transnational corporations. Annan first approached Ruggie, a long-time colleague, about the job six weeks ago, the Harvard professor said...
...these high-profile cases, corruption watchdogs say Germany is still pretty clean. "Corruption hasn't become more frequent," says Ludolf von Wartenberg, director general of the Federation of German Industries in Berlin. "It's just that the cases have become more spectacular." Indeed, studies indicate that Germany's corporate sector, together with its public authorities and political institutions, is actually becoming less dodgy. The latest corruption index published by Transparency International (TI) rates Germany as the world's 15th cleanest country - up five places since 2001. Since corruption costs the ailing economy a whopping 3350 billion a year, the government...
...Second, the revaluation is a big plus for the Chinese economy. China has already taken actions to cool off its overheated property sector, and it does not want to risk overkill by crushing exports. Collectively, fixed investments and exports account for 80% of China's GDP, and they are both still growing at close to a 30% annual rate. China's boom would quickly turn into a bust if both slowed sharply. A small upward adjustment of the currency should reinforce the modest slowing of Chinese exports that was already in the cards. China's leadership will most likely adopt...
...Delta. A government investing in Disneyland could surely spend an equivalent amount on such a cleanup, starting with factories and power plants owned by Hong Kong's own tycoons. Without maintaining the quality of life that its topography and climate should provide, Hong Kong could gradually lose its richest sector?financial services. With effort, it could be a city like Sydney, which others envy for its combination of natural beauty, efficiency, food and architecture. Sydney is a place where visitors can sail a boat, swim in the harbor, smell the sea?and still do business. Will China's movie starlets...
...believe The Island, the private sector, in the very near future, is about to make Halliburton and the rest of those scary big guys look like a kids' corner lemonade stand. Director Michael Bay's new movie posits a secretive biotech operation offering rich people the opportunity to have their very own, disease-free clones. In other words, for $5 million you can have a more or less living insurance policy. Need a kidney transplant? You got it, helicoptered right to the operating room...