Word: sectoral
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Dates: during 1970-1979
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...program encourages work in the private sector by an increase in the earned-income tax credit, which will not be available to people in public service jobs. Currently, the tax credit is a rebate of 10% on all earnings up to $4,000 a year, for a maximum credit of $400; it is phased down after $4,000 and eliminated at $8,000. Carter would add another 5% credit on earnings between $4,000 and $9,000 for a family of four. The credit would be allowed on incomes up to $15,000 for a four-member family...
...past reform legislation: the 1967 law that forbade discrimination in the hiring and firing of people under 65 in private industry because of age, thus penalizing people over 65. Pepper has pushed through the House Education and Labor Committee a bill that would bar forced retirement in the private sector until age 70 and eliminate the mandatory retirement at that age that now applies to all federal employees. A Senate subcommittee headed by New Jersey Democrat Harrison A. Williams is writing similar legislation. President Carter says he supports the retire-ment-at-70 cause in principle, and the enactment...
...Alarms. Teng's comeback-long expected but oft delayed-unfolded in the mysterious, equivocal style that is typical of high-level politics in China. The first signal that his official rehabilitation was forthcoming came early last week when a wall poster suddenly burst into view in the northern sector of Peking. Brushed on a 40-ft. strip of yellow paper, the bold black characters exhorted Chinese to warmly welcome and firmly support Teng's re-appointment to his former posts. During the night, however, the poster vanished, all traces of its message scraped off the wall. Some China...
California was no Camelot, but a growth rate higher than that of either Japan or Israel was making it a new frontier. With 70% of its work force employed in the service sector, California was the world's most advanced industrial state. Kansas City, Mo.'s Midwest Research Institute rated its "quality of life" tops in the nation. Few disputed that conclusion, since annual per capita income ran 18% above the national average. California was the future, and it worked...
...Swiss public banking is no longer quite the hallowed institution it once was. Manufacturers feel that the flow of funds into Switzerland has overvalued the Swiss franc and thus put Swiss textiles, watches and machinery at a disadvantage in export markets. Says Swiss Accountant Max Fluri: "Our banking sector has grown taller than the Swiss Confederation. For some time, it has been bringing the country more harm than good...