Word: sectored
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...Germanys seem to be drawing farther apart. For the first time since 1962, the Berlin Wall remained closed for Christmas this year: Bonn and Pankow could not agree on terms to renew their informal "humanitarian" pact to allow West Berliners to visit relatives living in the Communist sector of the city...
...assessing the entire economic situation, Johnson will probably turn his decision mainly on the tight-money problem. A shortage of mortgage money has sent the housing industry into a tailspin (see U.S. BUSINESS), shaking up businessmen in a dozen allied fields and clouding the outlook for the entire private sector of the economy. A Western Populist with an instinctive distaste for high interest rates, Johnson in the past two weeks has ordered federal agencies to pump $750 million into mortgage markets. Moreover, many bankers detect signs of a gradual loosening-up of money, are hopeful that 1967 will bring real...
Uncertain Domain. The map of the U.S. publishing world is divided into three unequal sectors. The largest consists of text-and reference books-chiefly encyclopaedias-which account for 50% of book sales and most of the industry's profits. Some firms devote themselves largely to this field. Qrqwell-Collier & Macmillan, one of the giants, does an annual business of $142 million. The second sector, where profits are just as reliable, is religious publishing; the Bible steadily sells 30 million copies a year...
...private enterprise," he told the Senate Subcommittee on Executive Reorganization last week. "Government can lend support and provide incentive-and it is important that these things be done. But, fundamentally, this is a job of massive financial and human investment that can best be accomplished by the private sector." Added Rockefeller caustically: "Many of my businessmen friends tell me that many Government officials tend to look upon them as rivals in competition rather than partners in progress...
...Viet Nam war. But they also see it as a means of taking the pressure off tight money and high interest rates-the villains behind the severe slump in housing. Walter W. Heller, ex-chairman of the Council of Economic Advisers, argues that such a "distortion" in one sector could slow down the whole economy. Others agree that the Government should "shift the mix" of its economic policies by easing interest rates while imposing a one-year increase in taxes...