Word: sectored
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REST ROOMS Most politicians who leave public life to try to reap millions in the private sector end up at lobbying firms. Mark Ghermezian went into marketing. Three years ago, when running for senior-class president at his high school in Edmonton, Canada, Ghermezian tacked campaign posters over urinals and discovered that this placement could be quite effective. Now 20 and a part-time student at Yeshiva University in New York City, he runs Flush Media, which places full-color print ads in stalls and above urinals. His primary venues are in Canada at places like Calgary International Airport...
...already applied for permits. The government will still censor the finished films (it also decides which foreign films are allowed to be screened) but won't require preapproved scripts as it does for state-produced films. Already, some of the country's most respected directors are considering the private sector, including Dang Nhat Minh and Vuong Duc, whose soon-to-be-released Lost Treasure explores what he calls the bankrupting of Vietnamese intellectual life. "Competition will mean better films," says Duc, who sparked controversy last month when he publicly scorned Bar Girls as a pandering piece of trash...
...have shown that it doesn't kill the coronavirus. Several kinds of vaccines are already in the works, but private companies are hesitant to spend money on a virus that could disappear soon. That means most of the research is left to the cash-strapped public sector, and progress is slow. Even the most optimistic researchers believe a vaccine will take two years to develop?assuming the virus doesn't shape-shift as readily as HIV, making it almost impossible to produce a one-size-fits-all vaccine...
While business leaders play an important role in society, the Kennedy School is dedicated to training leaders who forgo opportunities for profit in the private sector in order to serve the common good. Romney has spent more of his life lambasting people for dedicating their lives to public service—that is, following the path KSG urges its students to take—than actually serving the public. Romney spent his business career at Bain Capital putting self above the common good. His business dealings reflect a clear pattern: lay off workers, cut their benefits, line his own pockets...
Overbuilding in the telecommunications sector has slashed overseas cable costs as much as 80% since 1999, encouraging the flight overseas. Derek Holley, president of eTelecare, which owns call centers in the Philippines, says international lines that cost $40,000 a month in 1999 can be leased for about $7,000 today. The line quality has improved so much that his company can pack twice as many digitized calls, with better sound, into the same number of circuits. "Suddenly price wasn't a huge obstacle," he says, "and the world really was open...