Word: ticket
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Wall Street dismissed the $145 billion setback as if it were a parking ticket. Tobacco stocks were off marginally, indicating that investors had already priced the decision into the shares. And industry analysts remain bullish. "The scale of the verdict speaks to the unconstitutionality and the absurdity of the whole process," says David Adelman of Morgan Stanley Dean Witter...
...like so many of Washington's big-ticket programs, was a creature of the cold war. In 1984, President Reagan, smarting from the Soviet Union's long line of successful space stations, announced that the U.S. was getting into the station game. The American entry would measure a whopping 500 ft., cost a frugal $8 billion and go online by 1992. Dreaming up so grand a machine turned out to be a lot easier than designing it, however, and over the next eight years, NASA spent a staggering $10 billion drawing and discarding blueprints, without a single piece of metal...
...Bush interpretation says the choice of Cheney sends a signal of interesting self-confidence. Cheney is the choice of a candidate focused not on running for president but on governing after he wins. Cheney serves no ideological or geographic function on the ticket. But in the basic constitutional way, he is an ideal vice president - a manifestly able man qualified to be interim president should something happen to President George W. Bush...
...Sympathetic to Bush: The choice plays the generational theme with subtlety. Cheney, an unflashy choice, is, first of all, a grownup. He adds maturity to the Republican ticket without making George W. Bush himself seem immature. (If W. does not seem an entirely persuasive grownup himself, by the way, it is startling to remember that , at 54, he is more than a decade older than John Kennedy was in 1960). Cheney signs on as a slightly older retainer, but not as a father figure - he's only 59 - who might make the presidential candidate seem callow. He is what...
Cheney carries no cumbersome baggage. He does not distract attention from the top of the ticket but rather augments it solidly. He keeps the Republican conservatives happy without offending the moderates. He does raise the question of whether a man a heartbeat away from the presidency should be expected to have an entirely reliable heart. Cheney has had three infarctions. But they were a long time...