Word: sectored
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...infamous Proposition 13 passed in 1978-but most states are now being squeezed as the Federal Government cuts spending on everything from cops to Medicaid. The public employees have used their political clout to protect unaffordable fringe benefits and antiquated work rules, even as employees in the private sector have been forced to accept reductions in health plans and pensions. "The question is, Is the state being run for the benefit of its citizens or its employees...
...market for clothing and textiles. But it's also a huge exporter: its 170,000 textile and clothing firms have annual revenues of more than ?200 billion and employ 2.6 million people. In France, Italy, Spain and especially the E.U.'s newest members in Central and Eastern Europe, the sector is a critical part of the economy. In Lithuania, for example, it accounts for as much as 8% of gross domestic product. "The authorities must either take whatever steps are appropriate to persuade the Chinese to limit their appetite for the E.U. market or they will bear the heavy responsibility...
...process of trying to find what kind of lessons we can learn so we can be better prepared the next time around,” said Leonard, who is also a professor of business administration at HBS and the Baker Professor of Public Sector Management at Harvard’s Kennedy School of Government...
...working for a multinational mining-finance group, he was among the first investors in Sina.com, which became one of the world's largest Internet portals. His prescience won the attention of Beijing economic planners eager to set up a local VC firm to jump-start the country's technology sector, and in 1999?with $5 million in state investment and a board of directors made up of senior government ministers?NewMargin entered the market as an odd hybrid of old-school state planning and free-market hustle. It now counts telecom giants like Motorola and Alcatel among its investors...
...submissions?and received 280 from around the region. "Hong Kong can really develop its status as a film-financing center for Asia," says Raymond Yip, director of service promotion at the Hong Kong Trade Development Council, which organized the forum. One challenge will be getting Hong Kong's banking sector involved in film financing. The button-down banks have long been leery of the flamboyant film industry, but they've shown increasing interest...