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Attorney General Edwin Meese is reported to be firmly opposed to Bowen's idea, and so is James Miller III, head of the Office of Management and Budget. "We have the standard reservation against more Government programs," says an OMB aide. "Let the private sector do it. Also, parts of the Bowen plan rely on new tax incentives. We have just closed major loopholes in tax reform, and now here come some new loopholes." To Beryl Sprinkel, chairman of Reagan's Council of Economic Advisers, Bowen's plan is "inconsistent with the Administration's policies to restrain the growth...
...Tehran in an effort to gain the release of American hostages in Lebanon. Two days before Thanksgiving, the President went on national television to announce that Vice Admiral John Poindexter, the NSC chief, had resigned and that Oliver North, his deputy, had been relieved of his duties. Attorney General Edwin Meese then revealed that money from the sales of weapons to Iran had been diverted to the Nicaraguan rebels. But he insisted that North -- and only North -- knew the entire story behind the secret pipeline of money to the contras...
...Melissa Ludtke, Lawrence Malkin Chicago: Jack E. White, Barbara Dolan, Lee Griggs, Harry Kelly, J. Madeleine Nash, Elizabeth Taylor Detroit: William J. Mitchell Atlanta: Joseph J. Kane, B. Russell Leavitt, Don Winbush Houston: Richard Woodbury Miami: Marcia Gauger Los Angeles: Dan Goodgame, Jonathan Beaty, Elaine Dutka, Jon D. Hull, Edwin M. Reingold, Michael Riley, Denise Worrell San Francisco: Paul A. Witteman, Cristina Garcia...
Beginning this Saturday, Dec. 27, and continuing through Jan. 11, a syndicated TV network of 114 stations in the U.S. and others around the world will broadcast a 30-minute special called TIME's Man of the Year. The program, produced by Reeves Communications, will have Edwin Newman as its host. He, along with TIME editors and correspondents, will review the year's major news events and the candidates for Man of the Year. The program will conclude with TIME Managing Editor Jason McManus announcing the final choice for the honor...
Attorney General Edwin Meese, meanwhile, faced questions about a request he made in late October to FBI Director William Webster for a ten-day delay in an investigation into the role played by Southern Air Transport in supplying the contras. Webster agreed. Meese had linked the request to "sensitive hostage negotiations." Some on Capitol Hill have charged that the content of Meese's request suggests that he had some idea of the connection between the Iran deals and the contras almost a month before he revealed it publicly. But Meese says he made his appeal at the behest of Poindexter...