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It is against that backdrop of an industry splitting into competitive pieces that experts say the surviving New York City banks will benefit if Federal regulations, which now limit their ability to diversify, break down.
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His real test, however, will be to sort out a new structure for the rail industry, split into 100 parts by the Tories' disastrous privatisation.
On that, the Web-performance industry splits into two factions, whose leaders are divided by technologies and an entire continent: Inktomi, based in Foster City, Calif., and Akamai, in Cambridge, Mass.
But it has also brought a healthy dose of transparency and competition to an industry split three ways between state-protected monopolies, commercial operators and dodgy illegal gambling dens.State-protected lotteries and horse-races generally offer terrible odds for punters, while their sponsoring governments have imposed hefty sin taxes.
The commission's members, drawn both from government and private industry, split into three camps -- the five antitax members, led by Governor Gilmore; the six representatives of businesses, all with major Internet interests; and the eight others, mostly from government at various levels and led by Governor Leavitt, who say that the way an item is sold should have no bearing on how it is taxed.
Cohen's proposal would see Iraq's oil industry split up into three large companies, along the areas of ethnic separation, with one company in the largely Shia south, another for the Sunni region around Baghdad, and the last in the Kurdish north.
But both sides lose if the industry splits into two camps.
But both sides lose if the industry splits into two incompatible camps.
In my experience, the traditional watch industry splits its time between ignoring/criticising items like the Apple Watch, debuting less-than-stellar competitive products, and simply acknowledging that while it recognise the potential threat, it lacks the tools and flexibility to properly adapt.
Elected the year before with only 36percentt of the vote, Mr. Allende, a physician, had pressed ahead with a Socialist program to nationalize mines, banks and strategic industries, split up large rural estates into communal farms, and impose price controls.
Would it then also have to restructure the industry, say splitting up the big banks, as some other experts have recommended?
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