The underlying problems of the sector are predominantly structural and can be traced back at least ten years, but were masked by a long period of economic growth.
It demonstrates that we, whose profession it is to seek knowledge, recognise the problems of our sector and the impact they have on the quality of our work, the future of higher education, and our lives.
We can't solve all the problems of our sector, but we can show how things can be done differently so that we create the trustworthy, inclusive capitalism to which Carney and others aspire, and which Britain needs.
This capability eliminates the problem of mutant sectors whereby a single mutational event may give rise to a large number of mutant cells.
Policymakers have put the question of global rebalancing into a box labelled "too hard to deal with", and have been dilatory in sorting out the problems of their financial sectors.
If we could at least begin giving priority to some of these interventions, i.e. employment generation and income redistribution measures, we would be contributing more to solving the health problems of the deprived sectors of the population than by only implementing specific public health interventions.
The target in this case is a simple one: it is dealing with the problem of public sector employees being paid off the public sector payroll, and instead being paid through a contract with their own personal service company.
The job-creating private sector won't believe that claim until Miliband faces up to the problem of public sector workers enjoying higher average wages, better pensions and shorter working hours.
Problems of the government sector and political interference were cited as reasons for preferring NGOs or the private sector.
The problems of the financial sector are far from over, as the $2.8 billion second-quarter loss at Lehman Brothers illustrated.
