Word: clout
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Stock market's sag caps a dozen years of declining clout...
...autos and construction. Says Bosworth: "In the past, the council churned out studies and recommendations that may have been good but went nowhere. My job is to see that our work gets transmitted more effectively." The President's reorganization plan should also add to the council's clout. Under the plan, which took effect last month, the council was shifted from the Treasury Department to the CEA, giving Bosworth easy access to his friend and mentor, Schultze...
...President's endorsement of the three bills provided a needed lift for labor, which has been generally outflanked in its legislative battles this year by a revitalized coalition of business lobbyists. At the same time, labor has begun to accept the fact that it no longer wields the clout it once had among congressional Democrats; it needs presidential support and is willing to settle for less than its earlier grandiose goals to obtain...
Accordingly, Saudi Arabia is emerging from decades of isolation to exercise a powerful influence for stability in the Middle East, and is becoming the closest and most helpful ally of the U.S. among the Arab nations. Economically, the Saudis demonstrated their clout last week by forcing the majority of the 13 members of the Organization of Petroleum Exporting Countries to forgo a scheduled 5% hike in oil prices. In December the Saudis split OPEC by refusing to go along with its decision to raise prices by 10% on Jan. 1 and another 5% on July 1; instead, the Saudis...
...I.A.M. chief, Winpisinger, 52, automatically becomes a member of the labor federation's 35-man executive council. There he will be in a position to fight against what he regards as Big Labor's drawbacks: stagnating union membership, growing conservatism, weakening political clout -and George Meany...