Word: beltways
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...states. "The Federal Government has a stranglehold on the rural West," says Met Johnson, a G.O.P. state legislator in Utah and a co-founder of the coalition, "We are not the reactionary right wing. We know that we can manage these lands better than they can from inside the Beltway...
...billion,'' said the President plaintively. ``They ought to be able to do that.'' Clinton obviously didn't understand that the baseball strike is like Somalia: simple on the outside, a quagmire once you're in. Labor Secretary Robert Reich, who enjoyed a cushy teaching gig before moving inside the Beltway, seems similarly at sea. ``I've never seen this degree of animosity,'' said Reich. ``I can't explain it.'' Well, listen, Mr. Secretary, we're not talking about some garden-variety dysfunctional family here. These are selfish, spoiled sorts--billionaire owners who treat their teams as toys and millionaire players...
That was the lesson for Wall Street investors as well. What many Americans discovered last week was that for all the Beltway rhetoric pitting Wall Street against Main Street, Wall Street long ago intersected with Main Street. At risk in the region were not only U.S. banks and giant investment firms but mutual funds held by tens of millions of little-guy investors who bet their savings on double-digit yields in emerging markets like Mexico. ``This wasn't about bailing out Wall Street,'' a congressional staff member said of last week's Executive Order, ``but about mutual funds...
SHANGHAI: Crash Zone Drivers who hoped the new inner-city elevated beltway around Shanghai would relieve the city's nightmarish traffic congestion are anything but relieved. Since its opening on Nov. 6, the 48-km, four-lane ring road has become a four-ring circus of chills and spills. Vehicles have smashed into walls, flipped over and collided with other cars driven in the wrong direction. Though no one has been killed so far, the highway's first 44 days of use were a demolition derby, with 1,002 crashes and breakdowns reported--or about one incident an hour...
...agency since Navy Adm. Stansfield Turner held the post during the Carter Administration. TIME Washington correspondent Douglas Waller says the choice of Carns--a Harvard MBA, veteran of 200 combat missions in Vietnam and the Air Force's vice chief of staff until last year--took most Beltway insiders by surprise. But, Waller adds, Carns's reputation as "a low-key, effective manager, a very quick study and a take-charge kind of guy" already sounds good to congressional leaders who forced out the intransigent R. James Woolsey in December. He may be in like Flint with the Senate...