Word: shake-up
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...free-market auction," as Innovator Lapin calls it, will begin May 6 as only the first phase of the shake-up he has devised for Fannie Mae. Last week the Senate Banking Committee gave tentative approval to an Administration-backed bill that would convert the agency's main operation into a completely private company. If the bill passes, Fannie Mae will buy back the $142 million of its preferred stock now held by the U.S. Treasury. "We don't need the Treasury's money," says Lapin. Ultimately the corporation would be controlled by its 9,598 private...
...Salutary Shake-Up. Shaw's energetic speechmaking to civic groups has also given the Establishment a salutary shaking up (his opener at the Junior League: "I feel as if I'm in the midst of a huge, white, Anglo-Saxon Protestant harem"); and he has served notice that he hopes for even greater changes to come: more tours, participation by the orchestra in opera and ballet productions, creation of a conservatory in Atlanta...
...plot a return to power. Jadid has lately been at odds with the civilians through whom he rules. Chief of State Noureddin Attassi, who is believed to favor a somewhat more conciliatory policy toward Israel, recently walked angrily out of a conference with the generals. In a Cabinet shake-up this month, Jadid gave four comparatively minor jobs to moderates, but actually consolidated the control of the most important posts in the hands of his Baathist cronies...
What the Pope did was to order a shake-up of the Curia, the Roman Catholic Church's all-powerful governing bureaucracy. New regulations will bring to an end the dominance of a small clique of elderly, ultra-conservative Italian cardinals who have clung to the levers of power for a lifetime and used their position to stifle reform. Now the doors are open to a constant flow of clerics with varied backgrounds and, most important, new ideas...
...rejecting even the loosest rein from the national party, the federation may have gone too far. Several high-ranking Republicans called for a complete shake-up of the Y.R.s, and more than one indicated he would ask for another look at that $90,000 subsidy. "These were just little things we asked for," fumed one party elder, "and they laughed in our face...