Word: sectored
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Thus far no leftist strongman has emerged. The country is governed by a nine-member Sandinista directorate, which wields effective power, and a five-member junta, which acts as an administrative board. The junta includes leftists, moderates and representatives of the private sector. The government upholds political pluralism, as well as freedom of speech and the press. Its apparent economic ideal is a combination of socialism and free enterprise. The Sandinistas have nationalized banks, insurance companies and the fishing industry, and taken over some 2.5 million acres of the country's arable farm land from Somoza and his cronies...
...Loeb effectively sneered at him in New Hampshire as a "clean-fingernails Republican." But now that Bush is the running mate, his credentials ought to help. He brings to the ticket Washington expertise and foreign policy experience, two things that Reagan conspicuously lacks. More fundamental, Bush appeals to a sector of the electorate crucial to a Reagan victory: voters who are receptive to a conservative appeal but have long distrusted Reagan as a potential far-right extremist...
Indexation is also widespread in the private sector of the economy. The United Auto Workers in 1948 negotiated the first labor contract that included a COLA clause. The percentage of employees covered by cost of living escalators has risen from 26% in 1965 to 58% at the beginning of 1980. The current auto agreement, which is typical of those for many major unions, pays workers an extra penny an hour for each three-tenths-point rise in the Consumer Price Index. That has increased the average hourly wage so far this year by 71?, to $9.84. Such escalator provisions usually...
...reasoning that should lead up to it. In four critical cases handed down during its final week, the court splintered into 22 separate concurring and dissenting opinions. Such diversity, says Justice Department Lawyer Bruce Fein, "gives relatively little guidance to state and federal courts, elected officials or the private sector. It makes for an uneven application...
...form of social security payments, windfall profits payments and the effect of higher tax brackets caused by inflation--it seems reasonable to try the limited tax slash plan recently defeated in the House. As higher production costs and increasing uncertainty continue to stunt incentive in the industrial sector, it may prove necessary to counter the recessionary trend with some sort...