Word: clouts
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Dates: during 1990-1999
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...Amato will get the nod. His new prominence derives from his simultaneous hold on three top positions: chairman of the Senate Banking Committee, head of Bob Dole's presidential steering committee and chief of the G.O.P. organization that raises money for Senate candidates. Those responsibilities give him fund-raising clout that is unrivaled--and, many critics say, unsavory--and make him one of the most powerful politicians in Washington. This week three of his Senate colleagues plan to challenge D'Amato's power, but the odds are against them. He is a bare-knuckle player even by the raucous standards...
...vary so dramatically. If states are no longer required to pony up their own funds as a condition of federal help, the money they do earmark for welfare will have to compete with every other program. In battles like those, the politically powerless lose, and no group has less clout than the poor. In fact, this truism has already caused welfare benefits to decline about 40% in constant dollars over the past 20 years. States strapped for cash--as all of them are--cut welfare first...
...matter what the future contours of the media industry, those who own and produce content will continue to have clout--the animators, the screenwriters, the TV whiz kids. To that end, Jeffrey Montgomery, CEO of Harvey Entertainment, which holds the trademarks for Casper and Richie Rich, lost no time last week in meeting with investment advisers about putting his company on the block. Says he: "The good news is my company's a whole lot more valuable because the major players need content even more." Last week, too, there were rumors that Turner may be trying to regain greater control...
...others, who are worried that the Bells would use their clout in local markets and local politics to steer customers toward signing up with them for long-distance service. Competitors fret too that the Bells already have the phone lines, switches and other equipment in place to enable them to enter the long-distance business before new companies can begin to offer local service...
Lane Kirkland retires Tuesday as president of the AFL-CIO, leaving behind a 13.3 member-labor organization whose influence in Washington has been declining. In a reflection of that reduced clout, just last week three powerful unions within the AFL-CIO (representing autoworkers, steelworkers and machinists) announced the formation of a muscular new 2 million-memberunionof their...