Word: sectored
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...revive the economy until they had time to measure the full effect of the tragedy. But last Wednesday, participants told TIME, the Fed chief brought a different message to the table. "We've learned a lot in two weeks," he said. With consumer spending sinking in nearly every sector but auto sales and movie tickets, he added, it was time for Congress to act--even though that would mean putting the government in the red for the first time in five years...
That wasn't crass; it was right. Shopping, traveling, gambling (Las Vegas has been losing $30 million a day in revenues) and dining out make perfect Keynesian sense. It's not surprising then that lobbyists are wrapping the flag around breaks for their sector. Last week the "hospitality" industry, billing itself as "the poster child of the consumer retrenchment post-Sept. 11," was busy trying to revive the full deduction for business meals. Slashed by tax reformers in 1986 as a subsidy to the professional classes to eat large at public expense, the 100% deduction is now just the boost...
...sole purpose of peddling to tweed-jacket clad alums come Reunion Week. Ever notice how some stores seem to stick around for no imaginable reason? Who really shops at Serendipity, anyway? Unless, of course, it’s for the linen-wearing, Birkenstock-shod, trust-fund-enabled sector of the population. No wonder Harvard Square sometimes feels like the inside of one of those sno-globes: everything is deliberate, planned, sanitized. What we get with a place that seemingly caters to everyone is an artificial Disneyland that is useful to none. And perhaps it is from this that the unsettling...
...time," said Sepp Moser, an industry analyst. A prominent industrialist, Ulrich Bremi, was named to head a panel that is trying to raise an estimated $1.9 billion in fresh capital to keep the airline afloat. The Swiss government said it may contribute to the refinancing but insisted the private sector take the lead...
...That wasn't crass; it was right. Shopping, traveling, gambling (Las Vegas has been losing $30 million a day in revenues) and dining out make perfect Keynesian sense. It's not surprising then that lobbyists are wrapping the flag around breaks for their sector. Last week the "hospitality" industry, billing itself as "the poster child of the consumer retrenchment post-Sept. 11," was busy trying to revive the full deduction for business meals. Slashed by tax reformers in 1986 as a subsidy to the professional classes to eat large at public expense, the 100% deduction is now just the boost...