Word: sectored
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...York's employment commissioner. Yet of all Reagan's budget cuts, the controversial CETA program may be among the least missed. Says Cleveland Mayor George Voinovich, whose city has 500 CETA workers: "CETA was supposed to help us train people to do jobs in the private sector. But for years jobs in the private sector have been shrinking. It would have been more helpful to have used that CETA money to modernize our older industries and create jobs...
...important tools in small businesses, schools and an increasing number of homes. Sales are growing so rapidly that personal computers are the leading product in the explosive field of electronic calculating and information equipment. Says Benjamin Rosen, the editor of a computer industry newsletter: "The under $10,000 sector of the market is going to be one of the great growth industries of the 1980s...
...Such assistance has too often proved harmful to the LDCs: it discourages economic innovation and national self-esteem while feeding corruption and resentment on the part of the recipient. Some outright government-to-government grant assistance will still be necessary. The real emphasis, however, should now be on private-sector investment by multinational corporations and on highly conditional, firmly supervised loans, channeled through such international financial institutions as the World Bank, the International Monetary Fund and various regional development banks...
...left to reverse that course is growing short. Warned Otto Eckstein, president of Data Resources, an economic consulting firm based in Lexington, Mass.: "The federal budget has tremendous upward momentum. Increases in spending can't go on at the rate of the past ten years, or the private sector won't be able to function any more." Manhattan Economic Consultant Alan Greenspan, who is also a member of Reagan's new Economic Policy Advisory Board, pointed out that towering interest rates are threatening the survival of many American financial institutions. Said he: "A continuation of business...
Since 60% of U.S. assistance to Nicaragua supports the private sector, an aid cutoff might well undermine the moderate, pro-democratic groups that the U.S. wants to encourage. It would also cost the U.S. its remaining leverage with the Nicaraguan regime and could give Sandinista hard-liners an excuse to end any pretense at political pluralism and turn even more openly to the Soviet Union and its allies for support. An American diplomat in Managua, fearing the results of an aid cut off, cited an ominous parallel: "Twenty years ago in Cuba, we left no doors open. Here, there...