Word: sectored
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...pleased German businessmen. They have been grumbling that the government's grandiose spending has nourished inflation and-worse yet-used up so much bank capital that private companies are hard put to find investment funds. Complains Ernst Schneider, president of the West German Chamber of Commerce: "The public sector is making demands on capital to such an extent that interest rates have reached a level worthy of an underdeveloped country." The Bundesbank has hiked Germany's discount rate twice this year, to 4% at present, and business loans commonly cost 7% to 8%. Still, German industrialists seem willing...
...line and occupied a series of abandoned Pakistani outposts. There was a pause of some days, presumably to test the Pakistani reaction. When nothing happened, the Indians moved forward two weeks ago in regimental and brigade strength. Two Pakistani hilltop positions were stormed at dawn. In the Punch-Uri sector, the Indians advanced 25 miles into Pakistani territory. A large salient in the 1949 U.N. cease-fire line that bulged toward Srinagar was swiftly erased, and India announced that the occupied ground was now Indian, as were the 5,000 dazed peasants who lived there...
...Washington, which has provided massive loans and grants, there was praise for the Alliance for Progress (something that his predecessor, Adolfo López Mateos, never found it in his heart to do). For Mexico's ballooning middle class, there was a call to partnership with the public sector in building new businesses and factories. For the progress-minded, there was a rattling off of impressive statistics: in 1965 the gross national product was increasing at the yearly rate of 6%, wages were up 13.5%, the number of tourists was up 14% and heading for an alltime record...
This was the start of a Viet Cong raid against Danang last week. Under heavy-mortar-fire cover, the raiders stole out of a graveyard toward a sector of the base perimeter patrolled by South Vietnamese troops. The guerrillas snipped one barbed-wire fence, stepped through a dozen holes cut in another fence by defensive troops to facilitate their own movements, and let go with a barrage of grenades, satchel charges and recoilless rifle fire. The Reds ran into no outer guards, were on Danang's runway before they met their first challenger. Carrying coffee to a guard...
What is more, the anti-Communist Laotian armies of Kong Le and rightist General Kouprasith Abhay have finally learned to fight effectively together. A joint operation not only cleared and held the northern sector of the Vien-tiane-Luangprabang road (see map) but has produced more than 300 Pathet Lao defectors as well...