Word: sectoral
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Dates: during 1970-1979
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...Instead, they would pay taxes on only the money they spent, thus creating a powerful incentive for saving. Impossible? Not at all, says Boskin, who adds that since interest and dividend payments also would be tax exempt, U.S. capital accumulation would rise to new highs, thus revitalizing the private sector of the economy...
While the economy is dipping into a recession, a much noticed but little recorded sector of American business activity is thriving as never before. It is the underground economy, an illicit system of cash and barter in exchange for goods and services. Because it operates beyond the statistician's reach and the tax collector's grasp, no one knows its exact size and scope. But various learned economists, who find this fast-growing sector to be a fertile field for academic investigation, estimate that it runs to hundreds of billions of dollars a year...
...caricatures, the supporting characters are remarkable--they put a lot into their limited parts. G.D. Spradin as Coach Johnson has a fear-inspiring glimmer in his eye and a loud piercing voice; he's an army sergeant who's made it in the big leagues--the private sector. Jo Bob Priddy, the Baby Huey of the team, exudes a grizzly bear cuddliness and enthusiasm that brings his par out of the sterotype file from which it was lifted. And Mac Davis, despite his musical talent--or lack thereof--turns in an engaging performance as the team captain, alternately whooping...
...needed at the birth of an organization or at a time of severe crisis. "In the U.S. now," says Josiah Bunting, "there are proportionately as many Hamiltons, Jeffersons and Franklins as in 1776. But there is nothing which calls their kinds of talents and energies automatically into the public sector. They have available chairs of classics at Brown University and directorships at Gulf Oil, what have you." A Southern Governor agrees: "It was probably much easier for David Rockefeller to be chairman of the Chase Manhattan Bank, a powerful position in which he exercised leadership and control, than to weather...
...Energy Project believes the United States could reduce energy consumption by 30 to 40 per cent through conservation and "still enjoy the same or an even higher standard of living." The key is the encouragement of "productive conservation"; that is, using energy more efficiently. In the transportation sector, the Project, recognizing that the automobile is likely to remain an American fixture, recommends more stringent gasoline mileage standards instead of massive investment in mass transit. The government should grant very high tax credits to industry for mundane improvements like furnace maintenance, lighting adjustments, plugging leaky steam traps, recovering, installing insulation...