Word: sectored
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...recession caused a major decline in farm exports for the first time in 13 years. Farm debt has burgeoned, from $140.8 billion in 1979 to about $215 billion at the start of 1983, while net income fell from $32.4 billion in 1979 to $19.5 billion in 1982. "The farm sector," sums up W.D. Wilier, executive vice president of the Decorah (Iowa) State Bank and chairman of the American Banking Association's agriculture task force, "is in a Depression-type state...
...increase in industrial production of little more than one-quarter of 1% in 1983. Although the country was welcoming migrant workers from Turkey, Greece, Yugoslavia and Portugal only four years ago, some 2.5 million West Germans, or more than 10% of the working population, are now unemployed. The public sector is deeply in the red: the combined federal, state and local budget deficit for 1983 is expected to exceed $31 billion. The antidote that Kohl offered on the campaign trail was a stiff dose of government austerity coupled with incentives to foster free enterprise...
...Uncle Sam is becoming one of the greatest salesmen since P.T Barnum. Switch on a radio or TV set, flip through a newspaper or magazine, and there he is, in one guise or another. Here is the U.S. Postal Service, sniping at Federal Express, Emery, Purolator and other private-sector small-package carriers, boasting that it can do just as competent a job and make mailers "look good for less." Here is the U.S. Army invading the air waves with its stirring jingle, "Be all that you can be," aiming it especially at June high school and college graduates...
...David Noyes says that Cambridge Savings is not geared toward the customer attracted by the machines. But it has become the second-largest bank in the Square nevertheless, primarily through a high volume of retirement accounts and other long-term, high-yield savings investments that appeal to the wealthier sector of the Square community...
Knowlton said that he sees the center taking shape as a bridge between the public and private sectors. "Government alone cannot solve the fundamental problems that confront our country and we need the private sector for advice and research...