Word: sectored
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...adamantly believes a decline in the inflation rate, now 11.5% annually, is a precondition to economic growth. "I did not promise a quick answer," she told Parliament during the Liverpool riots. She is fighting to hold average-wage increases to 4% for the country's 7 million public sector employees (civil servants, the military, and workers in state-owned enterprises like British Steel...
Using telescopes on Kitt Peak and Mount Hopkins in Arizona and Mount Palomar in California, they photographed patches of the night sky and got two-dimensional pictures showing the distribution of matter in a sector of space. To add the perspective of depth they used an astronomical yardstick called the red shift, a measure of how far an object has traveled based on how sharply its light is displaced toward the red end of the spectrum...
...enterprise hand Renault enjoys. Central to Socialist doctrine is the view that the state should use nationalized industries to catalyze growth of an economy plagued by stagnation, record unemployment (7.7%) and rising inflation (14%). By controlling the banks and turning the investment tap on and off for the state sector, Mitterrand' economists argue, the government can avoid the cyclical swings that produce inflationary booms and job-destroying recessions...
Europeans are appalled. "It's the silliest financial discipline the U.S. could adopt," says former Dutch Treasury Official Coenrad J. Oort. Many private-sector American economists are aghast. Says Michael Evans, who heads his own economic consulting firm in Washington, B.C.: "There were periodic crashes in which banks collapsed during more than 50 years of the gold standard. I don't think that is what anyone wants." Yet to the astonishment of nearly everyone, important members of Congress continue to give serious thought to the idea of putting the U.S. back on some form of the gold standard...
...airplane manufacturing company and the Saint-Gobain-Pont-à-Mousson fiber-glass maker-will almost certainly deepen the existing slump by making businessmen more wary of investing their money. Says J. Paul Horne, European economic analyst for the Smith Barney, Harris Upham & Co. investment firm: "The French private banking sector is all but gone. New private investment in France has been virtually frozen since the election...