Word: sectored
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...year showed that real profits were about 40% less than those reported on the normal balance sheet. Another survey, by Arthur Young & Co., revealed after adjustments for inflation that airlines, railroads and tire and rubber companies actually lost money. High-technology companies like IBM and Intel were the only sector of U.S. industry to do better on an inflation-adjusted basis. Reason...
...pessimism among the Reaganauts is partially a tactic to help push the Administration's economic program through Congress, but it also reflects their concerns about underlying weakness in some parts of the economy. Housing starts, always a crucial business sector, dropped by 25% in February. And the Commerce Department's index of leading indicators, a key barometer of future economic activity, fell 3% in February, its third decline...
...wielding budget director David Stockman's proposed cuts in social spending are intended to reduce inflation rates by eliminating the artificial demand for unproductive services. Conservative economists say these federal spending cuts will allow room in the currently services-bloated economy for investment in the private sector to effect greater output and create more employment. They see a long-term decline in interest rates arising from reduced spending as perhaps the greatest stimulus to increased investment and greater productivity that will reduce inflation...
...needed in enacting Reagan's programs. For two years we should defer those proposals that will have a harsh impact on the nation's poor, minorities and cities. After all, no 50-year addict can go cold turkey overnight. If Reagan is right, then the private sector will have made progress in alleviating the problems. If Reagan is wrong, then a disaster will have at least been deferred...
...last summer, is still above the 10% level, which was where it stood when Thatcher took office. For all its efforts at cutting public spending, the government overran its targeted deficit by more than $10 billion, largely because of unemployment compensation and bailouts of steel and other public-sector industries. The glum assessment of one Tory economist: "Thatcherism is dead...