Word: sectored
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...Marriott family has assumed a national role in the effort to provide the disabled with good jobs. In 1989 it started the Marriott Foundation for People with Disabilities, which has placed about 3,000 disabled people ages 18 to 22 in paid private-sector internships lasting as long as three or four months. The foundation has worked with 1,150 employers in various parts of the country, says foundation executive director Mark Donovan. Almost 90% of these people received job offers after their internships ended...
That coordination will be a serious mistake. Europe today has an average unemployment rate of more than 10% and is simply not creating private-sector jobs. This chronic problem reflects high payroll taxes, inefficient work rules and a tax and regulatory system that discourages entrepreneurial activity. Standardizing tax and industrial policies will exacerbate these conditions by eliminating the competitive pressure that would come from national experiments with alternative policies...
Freed from the confines of the NIH, Venter took an offer from a venture capitalist to head his own research facility, which he named The Institute for Genomic Research--TIGR, or "tiger." The private sector gave him the resources to find genes as fast as he could...
...that reason, it's probably just as well that both efforts, public and private, are proceeding in parallel. "The public sector is learning how to produce very high-quality data," says Maynard Olson, director of the University of Washington Genome Center, which is part of the federal project. "You'll never see private companies doing that." If private companies focus first on the most intriguing genes, while government-sponsored scientists sequence the rest, everybody will profit...
Venter flourished in the private sector. Backed by venture capitalist Wallace Steinberg, he founded the Institute for Genomic Research (TIGR) and within a year had been transformed from a government scientist with a $2,000 savings account to a millionaire. He gave gifts of stock to his family and Fraser's, and bought the Sorcerer. Meanwhile, he continued to pour money into genomics, completing gene maps of the Haemophilus influenzae bacterium in 1995, followed by those of H. pylori, which causes ulcers, and the syphilis microbe...