Word: fold
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...plan was defeated in Congress, the Kemp-Roth bill gained a loyal supporter: Ronald Reagan. As the 1980 presidential campaign began, the tax-cut proposal was the centerpiece of his economic policy. But when Reagan wrapped up the Republican nomination, the G.O.P.'s mainstream economists flocked to his fold, and the influence of Laffer, Wanniski and Kemp waned as old-line conservatives began having an impact. Among the most prominent: Alan Greenspan, Gerald Ford's chief
...front-page announcement was brief: "Good morning. You'll be getting a new newspaper Sunday." Thus the Boston Herald American (circ. 209,128 and falling) last week ended speculation that it was about to fold. Despite heavy pressure from the bulging Boston Globe (circ. 502,920), the Herald American is optimistically pushing on. Says Publisher James Dorris: "We're giving the people of Boston and New England something they want, a compact, easy-reading, lively newspaper...
...Star veteran of 34 years, wrote in her column: "We're sad, but we're mad too. Now the life support system has been pulled." Her main gripe was that Time Inc. had made a commitment to spend $60 million over five years but decided to fold the paper after only 3½ Time Inc. executives point out that the $60 million unfortunately ran out well ahead of schedule, and feel the company more than met its commitment. Said Munro: "We came down here with our head held high and we're leaving with our head held...
Proposals include changes in federal laws that would eliminate bail in some cases, allow the participation of the military in fighting crime, loosen restrictions on the use of income tax and bank records, and fold the Drug Enforcement Administration into the FBI. Furthermore, TIME has learned, plans are being made to resume the spraying of paraquat, a lethal herbicide, on marijuana fields-not only abroad, but in the U.S. as well...
...much of the $117 billion or so that Saudi Arabia is now receiving yearly from oil exports is the responsibility of SAMA, and the money from oil knows no religion. In the past eight years, the kingdom's reserves of surplus petro earnings have swelled more than twenty fold, to at least $100 billion. As a result, SAMA, the country's central bank, has loomed as one of the most powerful and potentially threatening players in all of international finance. If it chose to do so, SAMA could buy scores of large American corporations and millions of acres...