Word: clouts
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...Schultze. Of the three, Blumenthal has had the least influence on the Administration's policies, chiefly because he has not yet developed Lance's close relationship with Carter or Schultze's Washington savvy. Once Blumenthal settles into his job, however, he is expected to increase his clout, particularly on tax matters and international economic policy. Schultze is the President's most trusted adviser on overall economic policy, while Lance runs the budget. Where the two areas overlap, Schultze and Lance have had no trouble cooperating...
...Freeze [Jan. 31] shows that nature has more clout than all the oil embargoes, politicians and man-made contrivances put together. If this small show of power doesn't drive home the importance of conservation over waste, we are truly a hopeless...
...reading list was Exhibit A of the hirsute instructor's presentation. Containing authors more properly suited to a philosophy course--Huizinga, Ortega Gasset, and Mishima, among others--the list had enough clout to frighten away more than half of those who showed up for the supposed joyride...
Like most Washington wisecracks, that new one contains an element of truth: in the early days of the Carter Administration, Charles L. Schultze, the newly appointed chairman of the Council of Economic Advisers, has indeed emerged as its most important economic policymaker. His clout was evident in the revised program to stimulate the economy that the Administration presented last week. As the changes were worked out, it was usually Schultze, darting in and out of the Oval Office, who explained and justified the revisions to Carter. The idea of giving businessmen a choice of a larger investment tax credit...
...newcomer to Malaysia, insisted that three British members of his management team be nominated for the board. But a big Sime Darby stockholder, the government-controlled Pernas, a trading company with capital of $200 million, was just as adamant in pushing three Asian candidates of its own. Pernas had clout: it publicly admitted holding 8.5% of Sime Darby's stock, but may have quietly bought as much as 20% through third-party nominees...