Word: minuets
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Sophie Portnoy. No wonder. Of Israel's icy but adroit Foreign Minister Abba Eban, Sylvie wrote: "He is old, rare wine in a plastic bottle. He dances the minuet in an age of rock. He knows all the steps, but his partners step on his toes and kick his shins." Of Finance Minister Pinhas Sapir: "If a creature from outer space met him, it would run in fear." But her sharpest arrows are saved for the Premier herself. In a column called "Madame Kingdom," she compared Mrs. Golda Meir to the reincarnation of the three furies rolled into...
Away with the Minuet. The burden of holding prices down while keeping business up falls on the Federal Reserve at a time when it is undergoing deep changes. The most apparent change was the replacement in February of William McChesney Martin Jr. by Economics Professor Burns. Chairman Burns, 66, a strong-willed administrator, has abandoned Martin's insistence on always shaping a policy consensus on the board. If he finds himself in the minority, he will not try to negotiate a compromise but will let himself be outvoted. While this practice could enable the board to move more quickly...
...seven board members and the twelve regional Federal Reserve bank presidents, only five of whom vote. The FOMC decides how much new money to pump into the banking system, which in turn lends it to businessmen and consumers. Under the consensus-seeking Martin, FOMC meetings followed a minuet-like ritual. Everyone had to make some sort of report on economic conditions, with Martin always speaking last and summing up what he thought was the majority sentiment. Under Burns, members speak only if they wish, and anyone can break in with questions. Burns himself speaks...
Away ahead of public concern over civil liberties and possible abuse of constabulary power, Maclnnes knew that he did not like policemen. So, in Mr. Love and Justice, he contrived a minuet about how the police and vice prey on each other. Born policemen, Maclnnes believes, think like born criminals. Both move through the world of mugs with alert and total mistrust...
Cynically viewed, Pastore's impassioned appeal may produce what one observer described as just another "Washington minuet"-a delicate ritual in which broadcasters go through elaborate motions but end up pretty much in the same spot where they began. Two networks, ABC and NBC, at first seemed receptive to a new authority, then hastily sidestepped, insisting that they-and not any Code Authority-must have final say on whether or not to air programs...