Word: sectored
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...North Korea is indeed serious about reform, it will begin by rebuilding its decimated manufacturing sector. The country needs to export goods if it is to earn hard currency to pay for the food and fertilizer it cannot produce itself. Cutting off subsidies to deadbeat factories is just a first step, and there is no evidence the government has a blueprint for moving further. "They aren't scrapping the socialist system," says Koh Hyun Wook, an expert on North Korea at Kyungnam University near Pusan. "These are makeshift moves to overcome the current economic crisis...
Summers touted actions he took against corporate tax shelters and regulatory havens as major successes of his year and a half as treasury secretary. He argued that the Clinton administration as a whole took strong stances in favor of government regulation and private sector vigilance...
...launched, while Lowe's has remained relatively stagnant. Meanwhile, most other cast members are said to have negotiated raises so that their salaries are now roughly equal to Lowe's. And unlike most politicians, Lowe can't even claim that he's leaving to go back into the private sector...
...election of corporate board members is a Kremlin type of election. It's a self-perpetuating system, with the shareholders having no real power. That has not been touched. And basic problems of conflict of interest have not been dealt with. You have all the watchdogs in the private sector getting commissions from all the people they are supposed to be watching. The companies pay the auditors who are supposed to be auditing...
...aftermath of the Sept. 11 terrorist attacks, from which some of the traditional carriers have not yet recovered, the budget sector's stars are taking advantage of a traveler mindset in which the only thing that matters is price. "There is a massive opportunity for low-cost, whether it's people transferring for a long-haul flight or just point-to-point," says Adam Harris, sales and marketing director at Buzz, the U.K.-based, low-cost arm of Dutch airline KLM. "The whole outlook will change...