Word: contra
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...Leader Mikhail Gorbachev extolled his reforms, known as perestroika, or restructuring. Leave it to a pair of American capitalists to take his words to heart. San Francisco Businessman John Lee Hudson and his wife Shana, who lost $30,000 trying to market an Ollie North doll after the Iran-contra hearings, plan to convert their leftover inventory into the likeness of the Soviet leader...
...Putting the Presidency Back to Work" ((NATION, Nov. 23)), you say the "Iran-contra mess, the stock-market crash and the inability to pick a Supreme Court nominee capable of being confirmed by the Senate have threatened to add Ronald Reagan to the list of 20th century presidential failures." Are you serious? Here is a President who has been able to bring about a domestic- policy revolution: the top tax rate is down from 70% to 28%, inflation has been licked, and the economy has galloped ahead at a record pace for 59 months...
Bush's more serious problem concerned the Administration's arms-for-hostages deals with Iran. The congressional Iran-contra committees released a memo from former National Security Adviser John Poindexter citing the Vice President as a strong supporter of the policy. Dated Feb. 1, 1986, the memo states that "president and v.p. are solid in taking the position that we have to try." Bush has said he expressed "reservations" about the plan, although he approved of it. The new memo proved that "I stood with the President," he said. Despite the difficult week, he added, "I've never felt stronger...
...before the conviction, a reluctant Ronald Reagan signed into law a bill extending the counsel provisions of the ethics measure for five years. Meanwhile, Washington was bracing itself for the possibility of a raft of criminal indictments in another probe by a special prosecutor: the Iran-contra investigation...
...White House appears reluctant to get directly involved in Haiti. While the Reagan Administration continues to seek aid for the contra rebels in Nicaragua in the name of restoring democracy, it does not want to intervene militarily in Haiti for a similar purpose. After suspending U.S. economic aid last week, senior Administration officials said direct military action would be premature and would be opposed by neighboring countries...