Word: reappointed
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Will Reagan reappoint Volcker or won't he? Does he really have a choice...
Mitterrand's decision to reappoint Mauroy came as a surprise to many Frenchmen. It was Mauroy, after all, who had announced only in February that he "would not be the man of the third devaluation of the franc," and who, during the municipal election campaign, had blandly assured voters that in the struggle for economic equilibrium, "the worst is behind us." A gifted and genial politician, Mauroy has had day-to-day control over the Socialist experiment since Mitterrand's election in 1981. Wrongly anticipating a worldwide economic upswing and applying economic theories that had by then been...
Mitterrand's decision to reappoint Mauroy involved a careful political calculation. Whatever his disadvantages, Mauroy is perhaps the one leader who can cajole the Socialist electorate into swallowing the bitter pill of belt tightening. He pushed through the unpopular wage and price freeze last year. For Mitterrand, there is also an advantage in having Mauroy absorb the unpopularity that the stringent new economic measures will generate. If Mauroy becomes too much of a drag on the party, the President can replace him before the next legislative elections, which are scheduled for 1986. Mitterrand thus has given Mauroy two years...
...sake, give us a simple rule that you can follow!' And I'm afraid I'm suspicious of any rule that is that simple.' It is not even certain that Volcker will be chairman of the Fed beyond next August, when his term expires. Should Reagan choose to reappoint him, Volcker would be faced with a big decision. The chairman of the world's richest central bank makes only $60,663 a year; he could doubtless command at least $500,000 if he left. It is almost ironic, but the banker who moves billions could use the money...
...letter reiterates the NAACP's contention that neither of these is a sufficient reason to reappoint a woman who they said demonstrated such serious lack of control...