Word: eckerd
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...very hard to sell at a fair price what's being sold down the street for 25% of cost," says Peter Armacost, president of Florida's Eckerd College, a 911-student private school. Adds Stanford President Richard Lyman: "At some point, and I don't know where that point is, it will no longer be a rational decision to attend a private institution, regardless of the value of its education...
...Florida Governor's race pitted two lavish campaigners against each other. Democrat Robert Graham, a millionaire Miami Lakes land developer and dairyman, spent $2.6 million. His Republican opponent, Jack Eckerd, who built a burgeoning chain of drugstores that bear his name, vowed to spend "whatever it takes" and ended up with a $2.9 million campaign, $2 million of which was his own. But Graham dispelled his wealthy Harvard image with a well-publicized series of 100 one-day stints at blue-collar jobs across the state. He won with a surprisingly large 56% of the vote...
Increasingly, voters seem to be turning to relatively obscure businessmen to run state governments. A variety of millionaires won victories in this year's gubernatorial primaries: Democrats Robert Graham in Florida and Jake Butcher in Tennessee; Republicans William Clements in Texas and Jack Eckerd in Florida. "I am not a lawyer," boasts ex-Wall Streeter Charles ("Pug") Ravenel, who is running against veteran Republican Senator Strom Thurmond in South Carolina. Candidates who have never met a payroll, Ravenel argues, are not equipped to balance budgets. "I think we have a crisis of management in government. To solve public problems...
...Short to say that his $100 billion budget cut was a goal, not an immediate prospect. FLORIDA. Taxes are relatively light in this state, but the economic issues are as heavy as elsewhere. The question is which gubernatorial candidate can move further to the right. Millionaire Drugstore Owner Jack Eckerd promises to put as much money into the race as "it takes to win." He is urging a state constitutional limit on taxes and spending. "The state government is the biggest business in Florida," he tells crowds. "And that's where my record has been. I'm going...
Stone speaks Spanish in Miami's Cuban community, plays the harmonica for the country boys, and even broke an arm leaping over a tennis net for a photographer. Both candidates are conservative. Eckerd wants to cut spending; Stone wants "Uncle Sucker" to stop the foreign aid giveaways. A tossup...