Unemployment "structural" or otherwise ... Industrial policy ... Buy American . . . Retraining . . . The slogans and concepts are everywhere, and they add up to a new American economy in the making. The idea for this week's cover story began to take shape for Business Editor George M. Taber at a conference of Time Inc. journalists in Santa Barbara, Calif., more than a year ago (yes, sometimes these things take a while). One of the major subjects of discussion was flourishing high-technology industries like those in California's Silicon Valley....
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