Word: pac
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...provocative ads, and eight others like them, are the first volleys in a new war against political action committees (PACs). Leading the PAC attack: Philip Stern, a Washington philanthropist and liberal Democratic activist who last September joined forces with New York Republican Whitney North Seymour Jr., a former U.S. Attorney, to form the nonpartisan "citizens against PACS." The group's goal is to pressure Congress into eliminating the corporate, labor union and special-interest PACs that make what Stern calls "ax-to-grind" contributions to candidates. Says he: "We want to make it uncomfortable for Congress to continue accepting...
...that every ad is meticulously documented and published only after a Senator or Congressman has been offered a chance to tell his side of the story. When Democrat Jeff Bingaman of New Mexico was asked why he did not return a $10,000 gift from the American Medical Association PAC (AM-PAC), Bingaman replied forthrightly, "I can't afford...
...Silicon Valley's microchipped wonder companies, Atari was one of the earliest and most colorful. It gave birth to the video-game industry and churned out amusements like Pong, Asteroids and the home version of Pac-Man. It saw its sales explode from $30 million in 1976 to a peak of $2 billion in 1982. It spun off famous employee alumni, like Steven Jobs, co-founder and chairman of Apple Computer. Physically, it spread to 49 buildings around Sunnyvale, Calif. But its fall came even faster, as a fickle public cooled to its video games. Losses hit $539 million...
While still protesting that Mondale's PAC-funded delegates were "tainted," he showed no desire to seek a ruling on the issue from the convention credentials committee. The delegates involved in the controversy are from New York, Pennsylvania and Illinois, all of which were carried convincingly by Mondale. Hart knows that he would risk a sorehead image if he were to push that challenge personally at the convention...
...newest wrinkle in state-sponsored betting is the video lottery. Developed by Bally Manufacturing Corp., the producer of Pac-Man, the games feature terminals that produce winners by predetermined programming and include splashy graphics calculated to appeal to younger lottery players. This summer the devices will appear in Illinois bars and lounges. But in Nebraska, the state legislature last month passed a bill outlawing video lotteries...