Word: democratization
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Although it drives Coulter crazy, even friends sometimes say her public and private personas differ. Kent Brownridge, 63, general manager of Wenner Media and a longtime Democrat who used to work for George McGovern, says, "You couldn't find a nicer friend" than Coulter. But, he adds, "I think she has a professional point of view or a shtick or whatever ... Ann has perfected a thing she does on TV because she is outrageous and funny. That's her business, public commentator...
...depth of that betrayal may be determined by the House Judiciary subcommittee, which will conduct more hearings this week. Said New Jersey Democrat William Hughes, the chairman: "We're learning a lot more about the E.F. Hutton case by the hour." Yet even before the new hearings open, Hutton is hurting. Said James Hanbury, who monitors financial-services companies for the investment firm Wertheim & Co.: "Hutton's sales force is nearly demoralized, and its customers are starting to hold back. Even after it's over, Hutton will still wear the stigma. And in this business, which is regulated by trust...
...President mended last week, the battered congressional budget process threatened to tear apart. Rancorous negotiations between congressional leaders to resolve differences in the House and Senate budget resolutions collapsed. "I assume that means no budget," huffed House Budget Committee Chairman William Gray, a Pennsylvania Democrat. His Senate counterpart, Republican Pete Domenici of New Mexico, was equally gloomy: "Everywhere I turn I see no way to go." Senate Republicans were still smarting from what they regard as an act of betrayal by the White House. They had voted in May to eliminate the cost of living adjustment on Social Security...
...reaction to the Senate offer was hardly encouraging. Said O'Neill: "I'm stubbornly opposed to any drop in COLAs this year or next year." New York Republican Jack Kemp blasted the oil-fee idea. "It hits consumers. It raises the cost of living. It's protectionist." But Pennsylvania Democrat William Gray, chairman of the House Budget Committee, was more cautious. Said he: "The question here is, Has the President now changed his position on revenues? Is the President prepared to support taxes?" If so, Gray added, "it's a new ball game...
...vote by the U.S. House of Representatives earlier this month to cut the Philippines' military aid next fiscal year from a proposed $100 million to $25 million; the amount was increased to $70 million last week. The change in the aid formula was initiated by New York Democrat Stephen J. Solarz as an "incentive" to force the Philippine government into political and economic reforms...