Word: majors
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...President George W. Bush and McCain, his reference to McCain's divergence from Bush on policy issues is dramatically overstated [July 28]. While McCain's previous vocal opposition to Bush's agenda has secured him the "maverick" label, his Senate record has followed the party line on almost every major issue except tax cuts (a position he has since reversed) and torture. Katie Mercuro, ASHBURN...
Efforts over the past few years to mount a major revival had foundered on disagreements among the show's creators over whether and how it ought to be changed. Michael Butler, producer of the original Broadway show, has favored a faithful rendering, and his production in Los Angeles last year was well received. But Hair's surviving co-author, James Rado, who conceived and wrote the show in 1967 with Gerome Ragni (who died of cancer in 1991), has been more indulgent of changes--adding, subtracting and tinkering with the show in spurts over the years--and he has given...
...Washington A Political Veteran Indicted A federal grand jury has charged Alaska Senator Ted Stevens with concealing more than $250,000 in gifts from an Alaskan oil-infrastructure company, including major construction work on his home. Stevens, 84, was charged with seven counts of failing to report the gifts on public disclosure forms. The Senate's longest-serving Republican member, he has given up powerful posts on the Commerce and Appropriations committees while maintaining that the charges are false...
...surprisingly, though, the pace relaxes when Carr reaches his recovery stage; by that point, familiar with the major players and milestones in his life, the reader can relax too. And if he lapses into clichés on occasion (he adores his daughters "madly, deeply, truly"), at other times his word choice attains a chilling precision, as when he describes the two girls on the date of their premature birth: "They weighed a bit more than a kilo, a term of art in our current context." Carr and the girls' mother had used crack during her pregnancy--he had just handed...
...banks and thrifts, there are well-defined procedures for dealing with insolvencies through the Federal Deposit Insurance Corp. But much of the financial action in recent years has moved to companies for which there is no such shutdown plan. When Wall Street firm and major mortgage player Bear Stearns experienced something akin to a bank run in March, the solution that Paulson and Bernanke came up with was a hastily arranged sale to JPMorgan Chase & Co., backed by a $29 billion guarantee from the Fed. The Fed is responsible for keeping prices stable and credit flowing. Bailing out troubled lenders...