Word: sectored
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...Britain, the number of unemployed has fallen below 1 million, depending on how you count, for the first time in a quarter-century. Employers in long-depressed areas like the northeast of England can't find enough qualified workers to fill the seats at call centers and other service-sector businesses. Labor markets are even getting tight in Italy, where jobless figures have long been in double digits. "From an intelligent secretary on up, you just can't find people," gripes Alessandro Ponti, head of Zetesis, an Internet services company in northern Italy. (Those laid-off workers in Silicon Valley...
...confirmed my suspicions. Bush will not regulate carbon dioxide emissions. Republicans are well known for comparing government to the private sector. Indeed, The New York Times credited Bush with bringing a "corporate look" to the White House, and Slate.com satirically christened Bush a "1950s CEO." So in an attempt to deal with my disappointment, I have tried to understand his decision from a business perspective. Yet even then the verdict of the man who is "restoring honesty and integrity" to the White House doesn...
Taking risks in business may lead to higher profit. But it often leads to bankruptcy. Bush's business-like reasoning risks sending world ecology to disaster. No matter how much Bush or I admire the private sector, the United States of America is not a company. Bush's sworn duty is not to preserve the power bills of the American people, but to safeguard the nation. As a result, Bush's decision to leave companies free rein with regards to carbon dioxide emissions is a short-term political judgment--a judgment that is ultimately only disappointing...
Kreme's rise is evidence that not every sector is taking a beating. Companies like Alcoa and RJR Tobacco, which make or sell basic stuff, such as oil, aluminum, electricity--and, yes, cigarettes--are whipping the tech sector. Oh, did we mention that they earn a profit? How old-fashioned...
TELEBONDING Last week France Telecom sold a record $16.4 billion in bonds, proving that deals can be done in this battered sector, but at high premiums. The bonds (the 10-year coupon pays 7.75%) include step-up coupons that pay more if credit ratings drop. Downgrades have outnumbered upgrades for 11 quarters, and the industry's default probability more than doubled last year, to more than 4.85%. While the forecast is a bit rosier for wireless and data services, Moody's managing director, Bob Konefal, says, "The old Aa rates are, for the most part, history...