Word: flaps
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...CHALABI FLAP: Inside the secret plan to dump an old ally...
...between their departments automatically bounce back. The compensation committees of public companies must now be composed of independent directors, reducing the chances for cronyism. There's legal basis for forcing executives to give back bonuses when accounting fraud is proved. Mutual-fund fees are coming down. And the Grasso flap is riveting attention on the thorniest issue of them all, one that seems unlikely to be resolved in a definitive way: Just how much is a CEO worth...
...flap was instructive about the kind of traps that the Bush campaign is adept at setting for Kerry, and the personality trait that makes Kerry walk right into them. That Bush allies would unearth and quietly slip the 1971 videotape to two news outlets tells you that the Republicans are doing what the Kerry campaign had expected them to do all along--playing hardball. But that Kerry could be ensnared in the ribbons vs. medals nontroversy tells you why so many Democrats start to get nervous whenever the Massachusetts Senator opens his mouth without a script...
Kerry has something of a gift for the toxic sound bite. "It's just weird," says a Democratic strategist. "It's simultaneously not a big deal and sort of unsettling." The decorations flap was only the latest evidence that Kerry's own words are turning out to be the Republicans' most lethal weapon. The Bush campaign has run millions of dollars of advertising based on Kerry's now infamous comment about having voted for an $87 billion appropriation for U.S. operations in Iraq and Afghanistan before voting against it--a statement that makes sense only in the have-it-both...
...transform the Middle East and the power of tax cuts to produce prosperity. This is a radical departure from the mainstream traditions of American diplomacy and fiscal responsibility and should be grounds for a serious debate. But the Administration reacts to almost every challenge--from the Niger uranium flap to Clarke's testimony--as if it were a mortal threat, demonizing its opponents, stonewalling, raising the stakes. After a perfunctory first week of positive ads, the Bush campaign has unleashed a withering negative advertising blitz against Kerry...