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For illustrative purposes, Figs. 2, 3 and 4 present the in-sample estimated output variables for an aggregation of the 45 sectors to 6 sectors (resources, construction, non-durable manufacturing, durable manufacturing, TCU (transportations, communications and utilities), trade, FIRE (finance, insurance and real estate), services and government).
A recent report by Paul Blumenthal of the Sunlight Foundation shows that the 27 members of the House Financial Services Committee have received over one-fourth of their contributions from the FIRE (Finance, insurance and real estate sector).
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His leadership in the Liberal Party is being challenged by his recently fired finance minister, a series of ethics scandals forced him to reshuffle his cabinet last month, and his support in the opinion polls has been sliding.
President Dmitry Medvedev and his wife were there; the Patriarch of the Russian Orthodox Church was there; former Bolshoi divas and primas were there; students of the ballet academy, waifish and tired, were there; so was pretty much every cabinet minister, including the recently fired finance minister, Alexei Kudrin.
Nazarbayev threatened to fire the finance minister, Bakhyt Sultanov, and warned the government must tackle the financial crisis that is derailing prosperity – and threatening to undermine his legacy.
As President Dmitri A. Medvedev prepared to fire the finance minister, Aleksei L. Kudrin, a man widely seen as indispensable, a smile flickered across Mr. Surkov's face — whether it indicated surprise, approval or pure aesthetic appreciation was not clear.
Government, the FIRE sector (finance, insurance and real estate) and the mainstream economics profession deny the existence of a real estate bubble, but Australia's economic history demonstrates they occur repeatedly, with all signs pointing to one today.
In one of the more serious claims, the indictment alleges that on 28 July 2010, Hussain "caused Autonomy to fire a finance officer in the United States who questioned whether Autonomy's financial statements were accurately stated".
The Hong Kong unit also said it would fire its finance director, Leslie Chang Li-hsien, for making bets on foreign exchange without authorization, and Financial Controller Chau Chi-yin for inadequate oversight.
That tension was evident in meetings concluding this weekend of the IMF, the World Bank and representatives of the Group of 20 major economies: Washington's long delay in ratifying changes to the IMF's so-called quota system came under fire from finance ministers and other officials of many countries.
A month before a general election, Prime Minister Jerzy Buzek fired his finance minister, who had proposed painful spending cuts as a public finance crisis loomed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com