Word: sectored
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...issues with funding is that money comes from everywhere and goes everywhere," said Kathleen G. Traphagen, director of Boston's 2:00-to-6:00 Initiative. "We called on the private sector to invest more strategically by collaborating and talking to each other about what their investments are. This funding partnership is an answer to that...
...President Bush remains skeptical of the science of global warming, being more inclined toward the thinking of the energy industry - his home base in the private sector - and the small minority of scientists that support its challenge to the emerging conventional wisdom on "greenhouse gases." And, of course, Bush is inclined to believe that what is good for business is good for government. In his letter to Senator Chuck Hagel (R-Neb.) explaining his decision to drop plans to regulate output, the President said he'd been motivated by the impact the move would have on U.S. energy consumption...
Where does that leave you? Dollar-cost averaging, fully funding your 401(k) and staying diversified, one hopes. There's no telling when things will turn up. My guess is not real soon, given that we're in a business-spending slowdown and the most popular sector, tech, has been creamed. But you want to be invested when the mood shifts. Otherwise all this pain will have been for nothing...
...Turkey-which had been getting on with an $11.4 billion IMF-backed program-economic reform means not just taking unpopular austerity measures but also transforming the entire state sector, removing it as a place of plunder and patronage by the political establishment. Turkey's state-owned banks serve the political machine, writing off debts as political favors. As a result, accumulated losses are staggering. For the two largest banks, the figure comes to $20 billion...
After an inspiring lunch last year with a friend and Princeton alum who mentioned his work with Project 55--an organization that matches undergraduates and recent graduates with work in the public sector--Beilenson decided to follow suit with Harvard alumni...