Word: sectored
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...concrete policy proposals that make sense for Boston. Finnegan's record on the School Committee has been solid; he supports vacancy decontrol, has had experience in fighting racism and wants to draw the city's diverse elements together. But Finnegan seems overly sympathetic to the needs of the private sector. His embarrassing resignation from his $20,000 a year job as a lobbyist for the tobacco industry is only symptomatic of such leanings...
...back to legendary President Walter Reuther, have won their employees some of the best pensions in private industry. This year the union fought for another breakthrough that would tie pension benefits to the cost of living, a plum common to public employees but still almost unknown in the private sector. But the pension burden for even the giant automakers is heavy and growing. Total pension expenses for GM were $1.3 billion last year, up from $329 million...
Other Colombian business leaders feel much the same. Says Eduardo Goéz Gutiérrez, the Bogotá stock exchange president, who is a cautious supporter of legalization: "In my opinion, the financial sector is in favor of it." He argues that the big inflow of foreign money to pay for the stuff "is producing inflation and monetary control problems, which would be much easier to handle if marijuana were legalized...
...Energy Project believes the United States could reduce energy consumption by 30 to 40 per cent through conservation and "still enjoy the same or an even higher standard of living." The key is the encouragement of "productive conservation"; that is, using energy more efficiently. In the transportation sector, the Project, recognizing that the automobile is likely to remain an American fixture, recommends more stringent gasoline mileage standards instead of massive investment in mass transit. The government should grant very high tax credits to industry for mundane improvements like furnace maintenance, lighting adjustments, plugging leaky steam traps, recovering, installing insulation...
...Instead, they would pay taxes on only the money they spent, thus creating a powerful incentive for saving. Impossible? Not at all, says Boskin, who adds that since interest and dividend payments also would be tax exempt, U.S. capital accumulation would rise to new highs, thus revitalizing the private sector of the economy...