Word: formers
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Dates: during 1980-1989
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...President of Poland, but Bush reportedly reminded him that if successful ; reform was to occur, somebody should be ready to lead. Walesa poured out his hopes for luring $10 billion in investments to Poland, a vague scheme of venture capital that caught the fancy of the former Texas oil entrepreneur...
...trial by fire, the personal stakes are high for the feisty former nine-term New York Congressman who vainly sought the Republican presidential nomination last year. The self-styled "progressive conservative" has long turned the neat trick of attracting right-wing support with his antitax, free- enterprise economic policies while urging his party to reach out to blacks by conceiving compassionate programs. He had hoped to turn HUD into a shining example of how his party could put capitalist tools to work easing the problems of the poor, spurring new development in the inner cities and providing housing...
Kemp spent much of the rest of the week back among his former colleagues on Capitol Hill, fielding tough questions from two House subcommittees probing the scandal. For the first time, he put a price tag on the loss to taxpayers from the fraud and mismanagement under former HUD Secretary Samuel Pierce: $2 billion. At least half of that appears to have been siphoned from a six-year- old program in which the Federal Housing Administration, an arm of HUD, shares the insurance of housing projects with private companies...
Pierce's fraying reputation suffered a more serious blow last week, when one of his former top aides implicated him directly in the scandal. Though Pierce had told a House subcommittee last May that he had never been personally involved in HUD program grants, Shirley McVay Wiseman told the panel that her boss had directly ordered her to approve $16 million in federal subsidies for a housing project in Durham, N.C., proposed by Pierce's former law partner. She refused, she said, so Pierce signed the papers...
After releasing a summary of steps he has taken to straighten out HUD, Kemp announced he would not permit his department to deal with 54 former senior officials whom Pierce had exempted from the Ethics in Government Act. The waivers permitted the officials to take private jobs in which they could promptly profit from their HUD experience. One had made $1.3 million in two years as a consultant to developers seeking HUD contracts...