Word: cigar
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Dates: during 1970-1979
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...Cigar...
Paul A. Volcker, the cigar-chomping chairman of the Federal Reserve Board, sent America off on its latest economic wilderness adventure by announcing two weeks ago an anti-inflation program that did not just raise the discount rate--the Fed's interest rate on money it lends to member banks--but changed the very nature of how the Fed controls the money supply. Instead of trying to curtail the boom in credit by manipulating interest rates, Volcker announced, the Fed would henceforth apply direct controls to the money supply, raising member banks' reserve requirements and using other methods to keep...
...suggested that Secretary of Defense Melvin Laird not be included in the audience that the Holy Father would offer. However, as the official party was moving into the papal chamber for the general audience, Laird, a politician of considerable ingenuity, suddenly appeared, chewing on his ubiquitous cigar. Asked what he was doing there, he mumbled something about looking for the helicopters, though it was not clear what he thought these might be doing inside the Vatican when they were so conspicuously parked in St. Peter's Square. I urged Laird at least to do away with the cigar...
...group was placed in two rows at right angles to Nixon and the Holy Father, who were seated side by side. The Pope was making a graceful little speech when suddenly smoke came pouring out of Laird's pocket. To quell the fire caused by his cigar, he started slapping his side. Some of the others whose angle of vision prevented them from grasping the full drama of the Secretary of Defense immolating himself in front of the Pope took Laird's efforts at fire extinguishing as applause, into which they joined. Only wisdom accumulated over two millenniums...
Saturday, 10 a.m. Dayton "Donuts" Duncan, press secretary to New Hampshire Gov. Hugh Gallen, is handling the press. Dressed in his imitation Jody Powell suit, chomping on an imitation Jody Powell cigar, looking in all respects like Jody Powell, he is cool. He can form and he can dodge. A badly phrased question comes his way. "Do you plan on mass arrest this weekend?" Duncan smiles, puffs. "I don' plan on getting arrested at all," he says. How cool is Dayton Duncan...