Word: sectored
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...talking recession cures ("Understand, I do not believe we are going into a recession"), Nixon dealt from basic Republican philosophy, insisting that tax reform and not "massive federal spending programs" would be necessary to stimulate "the private sector" of the economy. In the normal course of the economy, however, "we should be under no illusions whatever about what the responsibilities of the American people will be in the '60s. Our expenditures for defense . . . for mutual security . . . for economic assistance and technical assistance are not going to get less . . . They are going to be greater. I think...
...defense of the GOP, Dan T. Smith, professor of Finance and a leading Republican advisor, contended that "we need an investment climate conducive to growth in the private sector." He maintained that government hostile to business and unwilling to stop inflation does not produce such a climate...
...good chance of carrying such predominantly Catholic groups as the Poles and Hungarians, on the issue of "standing up to the Russians." Nixon's hold on conservative Catholic Republicans is strong, but TIME correspondents last week detected some movement away from Nixon into the "undecided" sector, under the force of the religion debate...
...Communists were starting a new round of "salami" tactics against Berlin, and last week proved him right. Fortnight ago, Party Boss Walter Ulbricht's East German regime declared a five-day period during which passes would be required of West Germans entering the city's Communist east sector. Last week, taking another slice, the East Germans made the pass requirement permanent for West Germans visiting East Berlin. Excepted from the rule: foreigners and native Berliners, who cross the border by the thousands each day to work in the east. "This will help to sober up the West German...
...like many experts, believes that the indiscriminate buying of growth stocks "has gone too far." Though brokers are wary of saying flatly that a stock is selling too high, they realize that it is perilous to project earnings five or ten years into the future. Particularly in the growth sector, technology is changing so fast that a new product, a competing process, a better method hit upon by a competitor can collapse a stock in a hurry...