Word: fortnighters
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...P.L.O. in the peace process, giving Arafat little to work for. In the same way, it made no direct mention of the Golan Heights, which Israel seized from Syria in the 1967 war and formally annexed in 1981, leaving the Syrians with no incentive to cooperate. Then, scarcely a fortnight after the plan was announced, came the assassination of Lebanese President-elect Bashir Gemayel, the Israeli move into West Beirut, and the massacre of an estimated 700 to 800 Arab civilians by Lebanese Christian militiamen. Angry that their military victory in Lebanon was turning into a political disaster, the Israelis...
Merrill Lynch, which has more IRA and similar Keogh accounts than any other firm (700,000), found the rush breathtaking. A fortnight ago the broker signed up 39,000 customers in a single five-day period. Then last week it nearly tripled that by entering 100,000 accounts. Merrill Lynch helped stimulate business by holding last-minute seminars in New York, Chicago and 70 other cities to explain the various kinds of IRAs. In the offices of the E.F. Mutton brokerage firm last week, $20 million per day went into new accounts. Said Gary Strum, head of pension services...
...recent Gridiron dinner, the President appeared onstage in a sombrero and sang a ditty in his uncertain baritone. The cold-eyed journalists leaped to their feet to cheer. "That's charm," said one of Reagan's close friends. A fortnight ago, House Speaker Tip O'Neill called a cease-fire in the budget war and asked Reagan up for lunch to celebrate St. Patrick's Day. Reagan readily accepted. For a few hours there was nothing but sweetness. The next day they were back beating each other's brains out. Says O'Neill: "Away...
...buildup is costing the Soviet Union about 15% of its G.N.P, according to the report, up from about 13% reported 1½ years ago. The cumulative dollar equivalent for the decade, says the Pentagon, is about 80% higher than U.S. defense spending, which constitutes 6% of G.N.P. Although a fortnight ago the CIA lowered its estimate of the annual growth in Soviet military spending from about 3% a year to 2%, a substantial change and one that the Pentagon does not agree with, both agencies do agree that the slight dip in the rate of weapons production reflected in last...
...past fortnight's change in the Administration's tone, however, is largely the work of U.S. Ambassador to the United Nations Jeane Kirkpatrick. After a ten-day fact-finding trip to the region last month, she gave the President an exceptionally gloomy report. Backed by Clark, she repeated her longstanding conviction that if El Salvador fell to the rebels, the rest of Central America would be imperiled. Only an immediate infusion of aid to El Salvador, she told Reagan, could stave off the sound of falling dominoes...