Word: sectoral
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Dates: during 1960-1969
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...Morsell, assistant executive director of the N.A.A.C.P. "Assuring equal employment opportunity cannot be made the exclusive business of government, and one would think that businessmen would insist upon a major role for business also." Some retailers were less enthusiastic. "This type of action should not fall into the private sector," said Martin B. Kohn, chairman of Baltimore's Hochschild, Kohn & Co. and president of the National Retail Merchants Association...
...their principal weapons stealth, surprise-and patience. Last week TIME's Glenn Troelstrup became the first newsman in Viet Nam permitted to accompany a Seal team on a mission. Dropped by Navy river patrol boats deep into Viet Cong country southeast of Saigon in the swampy mangrove sector of Rung Sat, the Seals set up an ambush beside a small stream. There, for 14 long hours, they froze in position, hip-deep in mud, clad in camouflage suits and bush hats, their faces blackened. Their only communication was by tugs on a string running among them...
...measures had to be applied," said President John M. Meyer Jr. of Manhattan's Morgan Guaranty Trust Co. "This turn hurts, but those most affected understand the compelling reasons." Complaining that "the fundamental cause of our deficits is Government spending abroad at twice the rate that the private sector can create surpluses," Chairman Ward Keener of B. F. Goodrich argued that compulsory investment controls risk "permanently weakening the American industrial structure." Grumbled United Fruit President John Fox: "The whole thing is very unfair, both to companies and to the countries. Washington always works the business community over first...
...balance-of-payments deficits are promoting inflation. Higher taxes would attack these problems, and so would reducing expenditures at home or abroad. Business wants to see the main emphasis on the latter course because it avoids the risk of expanding government to the detriment of the more productive private sector of the economy. What the economy needs most right now is a sense-making approach to income and outgo in the federal budget...
Still Trying. So far, the program includes seeking out partners for Salzgitter's coal, steel and iron-ore production in the private sector. Two new oxygen steel converters are to be built at a cost of $9,000,000 each to restore a balance between steel and rolling-mill capacities. The merger of Salzgitter's shipyards, Howaldtswerke of Kiel and Hamburg, with Deutsche Werft, a private shipbuilder, into a vast enterprise with combined sales of $200 million will take place Jan. 1. Büssing will cut its labor force by 2,000, and has been ordered...