Word: sectored
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...numbers don't lie, right? Because right now all the right ones are up, carrying with them Wall Street's hopes that a brisk economic recovery is finally here. Numbers like 54 - Friday's ISM manufacturing sector index for February, signaling the first growth in America's battered industrial sector since July 2000. Or 58 - Tuesday's ISM index for the services sector, highest since November 2000. Or 1.4 percent - revised GDP growth for the fourth quarter of 2001. Or 0.4 percent - which is how much consumer spending and personal income both rose in January, the biggest rise in eight...
...While it's unlikely the government will be passing the ball to the private sector anytime soon, even Xin acknowledges that the CBA can improve. "We are desperately studying the NBA," says Xin, who attended the U.S. league's annual All-Star game this month in Philadelphia. If he closely studied the hoopla surrounding one of the sport's biggest hype-fests, Chinese basketball just might learn some dazzling new moves...
South Africa's national electricity supplier, eskom, and its petroleum producer SASOL are both providing Zimbabwe with services for which the Mugabe government has no foreign exchange to pay. Zimbabwe depends on South Africa for most of its technical support and consumer goods and, with its agricultural sector seriously damaged by the land invasions, it is now looking to its southern neighbor for staple food supplies. Just as the isolated, white-minority government of Rhodesia once depended for its survival on apartheid-era South Africa, now beleaguered Zimbabwe considers President Mbeki's South Africa to be its lifeline...
...that he will also show more attention to the stock price than Piëch did. His comments on that score so far are hard to read. "Naturally it is our goal to increase the long-term share price," he told the newspaper Handelsblatt last month. "But in our sector the money returns six or eight years after the investment. That's why the auto industry isn't in fashion on stock markets these days." Is that clear...
...luxury competitors are pushing their marques into the compact-car market too, including the Mercedes' A-Class and BMW's One-series, further encroaching on Volkswagen's territory. It's no wonder the People's Car-maker decided to fight back by launching a challenge in the luxury sector. But as beautiful as it looks, does the Phaeton stand a chance against the established luxury champs? The people will decide...