Word: sectored
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...armored guards are still conspicuous. But many roads that were closed off for security reasons have reopened, and shiny new imported cars clog the main traffic arteries at rush hour. "This year, sales are up sharply," says Nobuhiko Kato, managing director of Toyota Lanka. Fueled by a booming financial sector that offers consumers easy purchasing plans, Toyota forecasts that the number of its cars sold in Sri Lanka will rise from 480 in 2002 to 850 this year?a long-awaited sign that the worst has passed...
...There are still plenty of economic problems, including a bloated public sector that employs more than a million Sri Lankans and a tax system so riddled with loopholes that evasion is rampant. Of about 32,000 registered businesses in the country, only some 9,000 file tax returns. "Paying corporate income tax in this country is almost voluntary," says Jeremy Carter, the top representative of the International Monetary Fund (IMF) in Sri Lanka. The combination of high governmental spending on defense and the civil service along with a low revenue base meant that national debt had swelled to alarming levels...
...TIME: Can Sri Lanka regain the economic ground it lost because of the war? Wickremesinghe: There's no question that the conflict has cost us. We missed the IT boom, but we can get into the IT-enabling services market, especially in the financial sector. There are also niche markets in hardware and software we can enter...
...their music-listening was legally protected. Such an ambitious new method of addressing the file-sharing crisis would have the blessing of schools and students if the cost was low enough. And with the understanding that such an on-demand music system is likely the future of the private sector, the music industry should appreciate the opportunity to pilot this concept at colleges. The work done at MIT is pushing the industry in the right direction; it is now the record labels’ responsibility to maintain this momentum...
...don’t have health insurance get covered, and that those who do have health insurance never lose their coverage. I call my plan Matt’s Plan, in honor of my son. Matt’s Plan means that all workers--part-time, full-time, private sector, government employees, non-profit and self-employed--will have access to quality health care that can never be taken away...