Word: sectored
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...richest rewards; Gore and the Democrats say the best thing to do is to focus on those who need it more. Bush wants an expensive renovation of Social Security; Gore wants to put a new coat of paint on it. Bush tends to hold truck with the private sector; Gore is convinced government has its duties and can perform them admirably, if nourished. Gore seems a little more strenuous about the environment, Bush a little more stingy with our national influence abroad. Gore is more apt to try to keep some money out of politics - it doesn't seem...
...pharmacies are not alone in their alleged transgressions. The view of every Italian economic sector that it has special needs that have "nothing to do with competition" amuses Tesauro, but it can be frustrating as well. The producers of prosciutto di Parma, for example, claim that agreements among themselves to keep production down--and prices high--are really aimed at maintaining their lofty standards. "It's not true that limited quantity means higher quality," Tesauro counters. "They have to do checks on quality, not quantity...
Competition has been a dirty word for decades in Italy, particularly for entrenched state monopolies like Alitalia and the electric company ENEL. But the private sector hasn't liked the word much either. If the country's suddenly energized Antitrust Authority has its way, however, businesses may have to get used to it. Last July Italy's insurance firms got a rude awakening when the Authority slapped them with $350 million in fines after determining they had fixed prices for many forms of vehicle insurance...
...state didn't prop it up. The price tag: at least $100 million. The top bankers were fired, and the government decided to sell all its banks, and fast. The new strategy was too late to spare taxpayers more than $5.1 billion in losses for shoring up the banking sector over the past decade...
...there a trend in the works? Nearly everyone in the telecom sector is having a tough time of it these days. The cable/broadband revolution has been slow to flower, and the race to the high-speed Web between wireless, cable and DSL has been far from settled. As tech marches on, some of AT&T's businesses will thrive; others will be left behind. The strategy, apparently, is to hedge one's bets with investors - investors who these days are more selective than ever with their tech buys and fully willing to punish a behemoth that might just...