Word: cigar
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...standing onlookers strained to get a view. The object of all the attention was towering (6ft. 7½-in.) Paul Volcker, who was discussing the outlook for money growth and interest rates before a congressional committee that held hearings on his reappointment as Federal Reserve Board chairman. The rumpled, cigar-puffing Volcker has become the staid financial community's first superstar. So great was the interest in his remarks that the 3½-hour session had to be moved from the Senate Banking Committee Hearing Room to the cavernous Caucus Room, the scene of the Watergate hearings...
Only a couple of months ago, he had a lot of company in his opposition to the Princeton-educated, cigar-chomping, 6-ft. 7½-in. Volcker. In his fierce determination to conquer inflation, Volcker restricted the growth of the U.S. money supply so sharply that interest rates rose above 20%. The policy worked, but many thought it contributed mightily to the most punishing recession since World War II. The depth and duration of the slump put a severe strain on Volcker's relations with the Reagan Administration, cool to begin with. The Chairman, a nominal Democrat...
...difficult to imagine just what it was. The CIA has hatched farfetched assassination plots before, most famously the exploding cigar meant for Cuba's Fidel Castro. But harming D'Escoto would not make sense. The Foreign Minister, who often travels abroad to dispense the Sandinista line, is derided even by comrades as "the Flying Nun." He wields no real power within the government, and his overwrought rhetoric sometimes drives away potential supporters. "D'Escoto is the man who loses a friend a day for Nicaragua," said a State Department official. "Why should we eliminate him?" Declared Secretary...
...chunky, cigar-chomping Hinton has been in El Salvador for two years. His unusual blend of realism, toughness, charm and candor earned him wide respect among the Salvadorans, and he seemed to be carrying out Washington's policy with great skill. He irked the White House recently by publicly scolding the Salvadoran government on its lax prosecution of human rights abuses, but did so at Enders' urging...
...defeat, as in his 14 years as Denver mayor, William McNichols Jr. was the consummate Irish pol. "What do you want me to do, faint?" he genially asked a cadre of pestering reporters as he puffed on his cigar. So "Mayor Bill," 73, bowed out after finishing a stinging third in a field of seven in last Tuesday's election. Slogging through a freak spring blizzard, voters favored former State Legislator Federico Pefia and former District Attorney Dale Tooley, who will meet in a runoff on June...