Word: sectored
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...discussion was Tuesday's announcement that admissions of black and Hispanic applicants for next fall's first-year class atCalifornia's most competitive public schools hasfallen considerably. Many attribute these figuresto Proposition 209, a referendum passed inNovember 1996 that banned consideration of race,ethnicity and sex in the public sector...
...Jonah rose to the top job, becoming, according to him, the only black African ceo of a multinational company. "The obstacle to there being more like me on this continent relates to one thing," says Jonah. "Ownership. If Rawlings had not taken a personal interest in the mining sector, the level of prejudice would have kept me underground forever. I still tell my Ghanaians," he adds, "'Don't accept...
...Systems Corp. Much of its early business was crunching financial data for agencies like the Social Security Administration. But with welfare reform, more work is opening up for private companies than ever before, setting off a welfare-management gold rush. "It's a huge revenue target for the private sector to go after," says Bernard Picchi, an analyst of growth stocks for Lehman Brothers, who estimates the potential market at more than $20 billion a year. Private firms have also been assigned the kind of front-line, person-to-person tasks they have not had in the past. In Milwaukee...
With buyers like McColl bidding up their prices, bank stocks overall rose 50% in 1997, marking the third straight year in which the sector outperformed the rest of the market. Does that make new acquisitions too costly? "I suppose that depends," McColl drawls, "on how skilled you are at taking costs out of the new combined company." Last year saw a record 72 bank acquisitions valued at more than $100 million apiece. The big gulp: a $16.5 billion deal by First Union--McColl's crosstown Charlotte rival--to acquire Philadelphia-based CoreStates Financial. That topped McColl's $15.5 billion buyout...
...astronomer Jim Scotti , a member of the University of Arizona's Spacewatch group, which scans the skies for undiscovered comets and asteroids. Using a 77-year-old telescope equipped with an electronic camera, he had recorded three sets of images, 30 min. apart, of a small sector of the night sky. The digitized images, fed into a computer programmed to look for objects moving against the background of fixed stars, revealed an asteroid that Scotti, in an E-mail to Marsden, described as standing out "like a sore thumb...