Word: sectored
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...fighting new construction, very few major power plants have been built in the past 20 years. Yet by one Energy Department estimate, the country needs 1,000 new plants in the next two decades. As Steve Fleishman, an analyst at Merrill Lynch, notes, "The country underinvested in the energy sector in the last decade, and it's coming back to haunt...
...Wall Street. On the contrary, after a few years of dismal performance, the stocks of electric utilities--traditionally viewed as boring, safe investments more akin to bonds--have heated up this year, gaining around 5% in a choppy market. Warren Buffett and Bill Gates have made bets on the sector, investing in MidAmerican Energy and Avista, respectively. Stodgy, flat-footed utilities aren't going bankrupt, as predicted, but restructuring to tap the competitive markets. Given their background, though, it's not an easy switch. "These companies didn't consider themselves to have customers--they were called ratepayers," says Michael Egan...
...previous record of aggravated assault and cruelty to juveniles. But finding properly trained people to work in Louisiana's prisons is tough. The state's public corrections officers, who receive starting salaries just below $15,000, are the lowest paid in America. Recruiting is even harder in the private sector, where benefits tend to be less generous across the nation. Still, Wackenhut Corrections president Wayne Calabrese insists, "we had more staff to inmates than the state facilities themselves were required to have...
...Europe must turn out the kind of employees that the job market needs, in the quantities required. Belgian universities, for example, graduate some 2,000 computer scientists every year; the demand is closer to 6,000, says Karel Uyttendaele, director of Fabrimetal, an employers' federation that includes the IT sector. German universities have upped their capacity for IT students--from 13,000 two years ago to 40,000 today. But that is still not enough, argues Ullrich Heilmann, an economist with an Essen think tank. "The way it is now, you have professors standing in huge lecture halls talking...
Biotech has its own "distribution" problems. Private-sector biotech companies in the rich countries carry out much of the leading-edge research on genetically modified crops. Their products are often too costly for poor farmers in the developing world, and many of those products won't even reach the regions where they are most needed. Biotech firms have a strong financial incentive to target rich markets first in order to help them rapidly recoup the high costs of product development. But some of these companies are responding to the needs of poor countries. A London-based company, for example...