Word: clouts
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...know how to cover this race." says Carolyn Stewart, press secretary for Robert Kiley, who withdrew shortly before the primary. At the Globe, the large field spurred a sense of responsibility as the paper of the record. The Herald sensed an opportunity to be the paper with clout...
...currency's clout is certainly a joy to U.S. tourists abroad, and it helps keep down the price of imports, from French wine to Japanese television sets. One Reagan Administration official calculates that gains in the dollar's value have shaved an estimated three to four percentage points off the U.S. inflation rate since...
Boston activists have also succeeded in changing laws which, while not directly related to voter registration, discourage minorities from participating in the democratic process by reducing their clout. The city council this year will be elected by districts and not, as in previous years, at large. Similarly, in the Southwestern states. Hispanics have won scores of suits forcing changes in districts which had been gerrymandered to divide their strength. Simultaneously, Hispanic voter registration increased 44 percent from...
...favorable to the Arabs. Moreover, they are steadily intensifying their oil shakedown. Originally they planned to reduce production by at least 5% each month. Later they embargoed all oil shipments to the U.S. and The Netherlands, in punishment for their support of Israel. Last week, showing new unity and clout, ten Arab countries announced that production for November will be slashed a minimum of 25% below the September total of 20.5 million...
Many businessmen and economists, however, are skeptical. They fear that a Government development bank might become a bottomless Santa's bag that would provide goodies for those with political clout. Federal aid might prop up inefficient companies and prevent the shift of resources to more dynamic firms. Instead of strengthening the economy, opponents charge, industrial policy would preserve the status quo. Says Harvard Economist Lawrence Summers: "Industrial policy is chiropractic economics. At best, it would be ineffectual. At worst, it would be a wrenching experience...