Word: bankers
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Dates: during 1970-1979
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...hotels are less than half full. The U.S. embassy in Tehran has drawn up mass-evacuation plans in case the troubles grow worse. Foreign workers have been quitting the country, and almost overnight Iran's five-star credit rating on the international capital markets has disappeared. Says one U.S. banker: "You don't lend when the tanks are in Constitution Square...
Democrats also lost two hotly contested gubernatorial races. Carter stumped for wheeler-dealer Banker Jake in Tennessee, but he was upset by Republican Lamar Alexander, who walked 1,000 miles across the state to conquer his reputation for aloofness. Texas activist Attorney General John Hill, who had toppled Governor Dolph Briscoe in Democratic primary, eschewed Carters help. But he too was upset, by Oilman William Clements...
...road to victory. Like Clements and James, Tennessee's Butcher had never held elective office, and he used a lot of his own money in his $4.5 million bid for his state's governorship. But his finances became a campaign issue: he was criticized for his dealings with Georgia Banker Bert Lance and for his hotshot banking practices. His campaign spending also became an issue. Charged Republican Alexander: "Citizens of this state won't let Jake Butcher buy the Governor's office." He was right...
Bill Bradley, 35, was no flashy superstar as a New York Knicks basketball forward. He was no intellectual whiz kid as a Rhodes scholar. But on the court and in college, the son of a Republican banker in Crystal City, Mo., proved steady, persistent?and successful. His political career in New Jersey has begun the same way. In campaigning as a Democrat for the U.S. Senate, Bradley was not eloquent, inspirational or innovative. But he studied the issues, plugged away with a left-of-center pitch and barely stopped to sleep. Aided by his well-known name and voters' distrust...
Last week Carter, who was Governor of Georgia when he first met Butcher, campaigned in Nashville for the banker, declaring that "you have a true treasure coming up as your Governor." Butcher endorsed Carter's anti-inflation program and promised to take steps of his own to slow inflation and "to put money in the pockets" of Tennesseans...