Word: kemp
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...Voters may not be as gullible as the authors suggest: despite an $11 million expenditure, John Connally bought just one Republican delegate in 1980. Still, 1988 is provocative: it presupposes that Ronald Reagan's second term will end in failure, leading to a contest between Gary Hart and Jack Kemp. Supposedly, the voters are bored by both. Unlikely...
Last week, at a Washington conference billed as the U.S. Congressional Summit on Exchange Rates and the Dollar, some 400 international finance experts began talking about new ways of doing things. Sponsored by Presidential Hopefuls Jack Kemp, a Republican Representative from New York, and Bill Bradley, a Democratic Senator from New Jersey, the two-day conference attracted such luminaries as Jacques Attali, counselor to French President François Mitterrand, New York Investment Banker Felix Rohatyn and Yusuke Kashiwagi, board chairman of the Bank of Tokyo. No agreements were reached, but a consensus emerged: more must be done to narrow currency...
...corrupt, but federal prosecutors say the mayor's close friend and fund raiser, Ron White, partially took control of city contracting and turned the process into a naked shakedown for donations to Street's 2003 re-election campaign. White died before going to trial, but former city treasurer Cory Kemp, a member of Street's administration, and four other defendants await a jury's verdict. The scandals have turned Street into a lame duck a year early. "The city is in a kind of suspended animation as long as the trials go on," says former Philadelphia Daily News editor Zack...
Stockman's apostasy enraged such ardent supply-siders as Kemp and former Assistant Treasury Secretary Paul Craig Roberts. "The Democrats and liberals grew to like Stockman," fumes Roberts, "because they knew that they only had to wait long enough for him to give up spending cuts and persuade the President to raise taxes. The only ones who were taken in were simpleminded conservatives, including the President, who thought Stockman was really serious about budget cutting...
House reaction to the Senate offer was hardly encouraging. Said O'Neill: "I'm stubbornly opposed to any drop in COLAs this year or next year." New York Republican Jack Kemp blasted the oil-fee idea. "It hits consumers. It raises the cost of living. It's protectionist." But Pennsylvania Democrat William Gray, chairman of the House Budget Committee, was more cautious. Said he: "The question here is, Has the President now changed his position on revenues? Is the President prepared to support taxes?" If so, Gray added, "it's a new ball game...