Word: goldsmith
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Dates: during 1990-1999
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Auto repair is only one of more than 70 municipal operations Indianapolis' Republican Mayor Stephen Goldsmith, the nation's leading exponent of "competing out," has spun off in five years in office. The city's wastewater-treatment plants are being run by a private company, at a projected savings of $65 million over five years. Indianapolis International Airport is now run by the British Airport Authority, which promises it will save $32 million over 10 years. Goldsmith even managed to privatize Indianapolis' 2,200-job Naval Air Warfare Center, which had landed on the Pentagon's base-closing list. With...
...driving force behind this fresh approach to urban government is a handful of "new pragmatist" mayors--Indianapolis' Goldsmith, Cleveland's Michael White, Philadelphia's Edward Rendell, Milwaukee's John Norquist, Chicago's Richard M. Daley and to some extent Los Angeles' Robert Riordan and New York City's Rudolph Giuliani--who actively collaborate and compare notes on how to make cities work. Goldsmith visits Giuliani every few months to talk shop; Rendell and Goldsmith bounce ideas off each other at frequent joint speaking appearances. And good practices, big or small, travel fast. "You learn a lot from each other," says...
...politics, where labor unions and social-welfare programs were considered untouchable, are led today by some of the nation's most nonpartisan and politically unpredictable politicians. On school vouchers Cleveland's White, an African-American Democrat, is sparring with his city's traditionally Democratic teachers' union and the N.A.A.C.P. Goldsmith alienated his party's establishment by firing patronage appointees who stood in the way of his efforts to privatize. Says New York's Giuliani, a Republican who broke with his party by lobbying to save rent regulations: "It's better to keep your constituents happy than to keep a political...
DIED. SIR JAMES GOLDSMITH, 64, billionaire financier; of a heart attack after a long battle with cancer; at his villa near Malaga, Spain. Goldsmith made his nut with pharmaceuticals and groceries and parlayed it into a fortune as a corporate raider in the '80s, acquiring high-profile targets. A legendary gambler, his business motto was "If you can see a bandwagon, it's too late to get on it." Late in life he started one of his own, founding Britain's Referendum Party, which opposed the European common currency. His warm and very extended family included his third wife...
This thorny history has left competition between Riverdance and Flatley's own venture less than amiable. At the start of Flatley's tour, promoter Harvey Goldsmith claimed that Riverdance executives were pressuring certain venues not to book Lord of the Dance. Flatley, in turn, is not above taking public jabs at his onetime bosses: "Took Riverdance a year to sell one million videos--Took Lord of the Dance under 12 weeks to sell 1.5 million," boasts his press material...