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...special urgency to his work as director of the Treasury's office of foreign-exchange operations. Since last week's meeting of finance ministers from the five largest industrial democracies, reining in the dollar has become a matter of passionate U.S. concern. Unlike stocks, bonds or even pork bellies, currencies are not traded in one or two large buildings in a few major cities. The foreign-exchange market is a worldwide network of private banks, linked by phones and computers, that buy and sell money round the clock. So vast and far flung is this global system that from...

Author: /time Magazine | Title: Battling the Mighty Dollar | 10/7/1985 | See Source »

...follows the defense business for Prudential-Bache Securities. Also worrisome is the mounting opposition to SDI at the universities where much of the basic research will be done. Campus critics, including many scientists, argue that Star Wars is technologically unworkable and wasteful: a pie in the sky and a pork barrel on the ground...

Author: /time Magazine | Title: The Star Wars Sweepstakes | 10/7/1985 | See Source »

...wishes, the President can use the line-item veto as a tool for rewarding, or as a weapon for punishing, individual congressmen. Used in this way, it can actually increase government spending. Congressmen have traditionally attached district-pleasing pork barrel to major spending legislation to protect their pet projects from vetoes. The President, proponents would argue, should have an item veto so that he can trim away this unnecessary spending. So far so good. But suppose that a new weapons system, which the President strongly favors, comes up. He now needs votes in Congress. Ordinarily, he would bargain, compromise, appear...

Author: By Gregory D. Rowe, | Title: Selling Your Soul to the President | 9/30/1985 | See Source »

...line-item plan affords the President a new--and quite powerful--stratagem: he can threaten to item veto only the pork barrel projects of the congressmen who vote against the weapon system. Many congressmen, eager for re-election, might cave in to these threats and vote for a costly military device which they would ordinarily oppose. As a result, both the pork barrel and the weapons system pass Congress and are signed into law--not exactly what the line-item veto was supposed...

Author: By Gregory D. Rowe, | Title: Selling Your Soul to the President | 9/30/1985 | See Source »

Cajun cooking, the bayou fare of Louisiana's transplanted French-Canadians, draws on spicy herbs, fish, shellfish, poultry, and pork to create an unusual array of funkadelic flavors. Most of The Yankee's offerings fall under the heading "Hot and Hearty...

Author: By M. Creosote, | Title: Inman Square Turns to Cajun Cooking | 9/27/1985 | See Source »

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