Word: fallback
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Even if Perot granted that the plummeting peso is not itself an indictment of NAFTA (don't hold your breath), he would have his fallback claim: after the plunge, NAFTA's perils will loom large. Certainly a weakened peso may encourage a net flow of cash southward. And though devaluation would have had the same effect in a pre-NAFTA world, NAFTA's lower trade barriers would magnify it. But whether this is bad news depends on which side of the NAFTA debate you bought to begin with: Is Mexico's gain America's loss, or is trade...
...Mitchell and the mainstreamers fail to cut a deal, the Administration's fallback is to swallow hard and accept a package of piecemeal insurance reforms. Those would probably include requirements that workers could take their insurance with them when they change jobs and provisions that would forbid insurers to deny coverage for people with previously existing conditions. The First Lady in particular is reluctant to put the White House behind halfway measures that could relieve pressure for more comprehensive change later on. And the President is concerned that such a bill could have the effect of raising premiums or boosting...
That left Chavis, the 45-year-old head of the United Church of Christ's Commission for Racial Justice, as the fallback choice to revive the nation's oldest and largest civil rights organization. Before that he had been best- known as the leader of the Wilmington 10, a band of activists imprisoned for burning down a grocery store and conspiring to shoot at policemen during a 1971 civil rights protest in North Carolina. The convictions were thrown out by a federal judge in 1980 on the grounds that the testimony of prosecution witnesses had been coerced by police...
...Goyettes have a fallback. Last March they bought a two-bedroom house in Chicago for $145,000, thanks to a $25,000 loan from their parents. "To save up $30,000 in six years out of college is damn near impossible, especially if you're just Joe-average Citibank employee like me," says Paul. With a baby due in May, they're bracing for a pay cut. "Fortunately, all the baby stuff will come from our parents, since this is the first grandchild," says Paul. Even so, he's not entirely comfortable with the arrangement. He says, "If we depend...
...Curtis ("Bomb Them Back to the Stone Age") LeMay, George Wallace's 1968 ticket mate? Perot has already tapped retired Admiral James Stockdale, a conservative former Vietnam pow, as his stand-in running mate to get on the ballot in all 50 states. Perot calls Stockdale his "fail- safe fallback" and has said that he will, if necessary, "just go with the team we have...