Word: springing
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Dates: during 2000-2000
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Until last summer, Andy Card didn't even have a passport to Austin. Though he had served President Bush off and on for 20 years, he had never been close to the son and even remarked privately that he felt left out as the Bush Restoration unfurled last spring. Then, out of the blue, came the call: Would you like to run the Republican National Convention? Card said yes, but wondered, Who had played matchmaker? Sure enough, George Herbert Walker Bush had quietly nudged his son into giving Card, 53, a tryout. Before long, Dubya liked what he saw. Both...
...century, the boxer John L. Sullivan earned four times as much as the President, and Sully's contemporary Mike ("King") Kelly, baseball's first transcendent star, was able to underwrite a flashy lifestyle with what bleacher bums saw as an oversize paycheck. Joe DiMaggio was criticized for his regular spring-training holdouts, and in 1970, when Curt Flood challenged baseball's reserve clause, which bound a player to his team--in a case that went all the way to the Supreme Court--most fans viewed him not so much as a great emancipator but as a greedy...
...after a tech slump slapped down Cisco, his General Electric is again the world's largest company--but he's getting out anyway. Kind of. He tapped a successor, Jeffrey Immelt, but postponed his planned April retirement to oversee GE's acquisition of Honeywell. His memoirs, planned for spring, earned a $7.1 million advance, which he plans to donate to charity. Welch, 65, turned staid GE into a dynamic, even hot business--in part by laying off 100,000 workers in the '80s, earning the nickname "Neutron Jack." He has since cultivated a gentler image; he refused to wear...
...Everyone from the Gap and Victoria's Secret to Circuit City, Wal-Mart and Home Depot is feeling the pain. Even online shopping isn't growing as fast as expected. Last week eToys announced its sales were lower than expected and it may run out of money in the spring. "For the consumer," says Richard Berner, chief U.S. economist at Morgan Stanley, "the negatives are beginning to outweigh the positives...
...Greenspan kicked off the Clinton legacy in 1992 by selling the incoming president on deficit reduction, and in 2000 he'll be the gatekeeper for Bush's tax cut. This is also Greenspan's slowdown - he started it off himself with six interest-rate hikes that ended last spring, and if the soft landing gets ugly, it'll be Greenspan's shame, not Clinton's or Bush...