Word: sectored
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...Work?" With the help of academic and industrial sources plus the expertise he has acquired in two decades of political and economic reporting, Associate Editor David Tinnin analyzes the plan. His essential criticism: the program relies almost entirely on federal fiat and tax incentives, cutting out the private sector and individual initiative. Following Tinnin's story, the views of TIME'S Board of Economists are summarized by Associate Editor James Grant. TIME will continue to expend its own energy in the weeks and months to come as the nation's energy battle evolves...
Under the pending legislation, jobs for unemployed veterans would be created in the private sector through an incentive program financed by the federal government, and through the creation of 290,000 new jobs with funding provided under the Comprehensive Employment and Training Act (CETA...
Jobs for unemployed youths in the hardest hit 16- to 21-year-old target group would be provided by "establishing linkages between the job corps and the private sector," through the creation of apprenticeship programs and through a one-year "young adult conservation program," Marshall said. He said he is optimistic about the bills' chances for speedy passage...
...week, to disclose his anti-inflation program. As previously reported (TIME, April 18), it will rely chiefly on voluntary restraint by labor and management to keep prices down. At Carter's invitation, AFL-CIO President George Meany and General Electric Chairman Reginald Jones will help coordinate the private sector's antiinflation efforts. For its part, the Government will try to balance the budget by 1981, hold down unnecessary spending, moderate fluctuations in food supplies and other basic commodities, and slow increases in hospital costs...
...about Carter's decision to abandon the proposed increases in the investment tax credit. Many of them believe that higher credits are the best way to ensure full economic recovery. Said William Shesky, president of the Bostonian Shoe Co.: "The real approach to attacking inflation is through the private sector, by increasing productivity." But interviews by TIME correspondents across the country indicated that businessmen probably would have continued to mistrust Carter in any event. One reason: many businessmen fear that he will turn out to be a big-spending liberal in spite of his conservative economic views. Whether that...