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...Bank when his five-year term expired on June 30? For months, Federal Reserve Board Chairman Paul Volcker was touted for the job, as was Labor Secretary William Brock. Last week the guessing game finally ended as the Reagan Administration named Barber Conable, 63, a highly regarded former Republican Congressman from New York, as its candidate to head the international development institution...

Author: /time Magazine | Title: Lender in Chief: New head for the World Bank | 6/21/2005 | See Source »

Treasury Secretary James Baker, who worked with Conable in the Bush campaign, suggested the ex-Congressman for the World Bank job. In that post, Conable may be able to help the Secretary implement the socalled Baker plan to ease the debt crisis of developing nations. Unveiled in October, the plan calls for the World Bank, which lends about $15 billion a year to some 100 developing nations, to provide a wider range of financial assistance than previously, and also to play a role in prescribing long-term economic reforms for its debtor clients. Lately, the Baker plan has showed signs...

Author: /time Magazine | Title: Lender in Chief: New head for the World Bank | 6/21/2005 | See Source »

...whirl at the golf tour. And Don Shula has just promoted his oldest boy David to assistant head coach of the Miami Dolphins. "It's a wonderful thing when a son follows you in your life's work," Shula says, a sentiment probably shared by Buffalo Quarterback and Congressman Jack Kemp. At Dartmouth, David Shula caught most of his passes from current Los Angeles Rams Quarterback Jeff Kemp, who could end up in politics...

Author: /time Magazine | Title: Sport: A Legacy of Line Drives | 6/21/2005 | See Source »

Stockman contends that Reagan was not a revolutionary and should never have tried to change the U.S. Government dramatically. That's an odd revelation. Anyone who spent four years as a Congressman should know that Presidents do not win power by planning to discard totally the American past. Ronald Reagan never suggested he intended to dismantle two centuries of American tradition. Nevertheless, the Reagan Administration has brought enough change to Washington to be called a revolution, at least in the patois of journalists...

Author: /time Magazine | Title: The Presidency: The Triumph of Arrogance | 6/21/2005 | See Source »

...make the race. But many politicians have friends who say such things, and Laxalt is too savvy to fall for sycophancy. Although he does not say so publicly, Laxalt seems increasingly persuaded that Vice President George Bush is singularly prone to trip himself up and that neither Congressman Jack Kemp nor any other current contender is emerging with the right stuff. Despite the demurrals, one intimate said of Laxalt's readiness to run, "He's 99% there...

Author: /time Magazine | Title: Hinting That He's Available | 6/21/2005 | See Source »

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