Word: sectored
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State Rep. Chester Atkins (D-Mass.), speaking at the forum, agreed that the country "needs a federal program with private sector participation...
...even Thatcher's most bitter enemies cannot deny that the economy is rebounding smartly. Consumer spending rose by 5% last year, while inflation simmered at a low 3.4%. The output of the once sickly manufacturing sector is up by 5%. The government even predicted last week that the 11.9% unemployment rate would fall below 3 million by July, which would be the first time that had happened since 1984. But both opposition politicians and some economists were skeptical of the claim, and noted as well that Lawson's tax cuts came about largely because record corporate profits and a surge...
...industries in which they have worked all their lives will not provide middle-income jobs to their daughters and sons, who may of course make their fortunes as junk-bond traders or software geniuses, but are far more likely to find "hamburger jobs" and drop into the minimum-wage sector of an increasingly bottom-heavy economy...
...come under pressure from conservative politicians to start building nuclear weapons. Relations between the longtime rivals on the subcontinent are already tense. Last week, following an angry standoff involving some 370,000 Indian and Pakistani troops that began in January, the two nations' forces began withdrawing from the Rajasthan sector of the border, continuing a pullback agreement worked out late last month. But the incident has left both sides edgy...
City officials are also concerned that the government might abandon its belief that the financial sector should be largely self-regulated. Under the new law, virtually all of Britain's financial-services areas, including securities, Eurobonds, commodities and foreign exchange, will be governed by a series of self-regulatory organizations. Their activity, in turn, will be supervised by the Securities Investment Board, a private-sector body whose decisions are backed by the force of the law. Says SIB Chairman Sir Kenneth Berrill: "The aim in the U.K. was to get the rules applied and interpreted by practitioners...