Word: pacs
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Dates: during 1980-1989
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...provocative ads, and eight others like them, are the first volleys in a new war against political action committees (PACs). Leading the PAC attack: Philip Stern, a Washington philanthropist and liberal Democratic activist who last September joined forces with New York Republican Whitney North Seymour Jr., a former U.S. Attorney, to form the nonpartisan "citizens against PACS." The group's goal is to pressure Congress into eliminating the corporate, labor union and special-interest PACs that make what Stern calls "ax-to-grind" contributions to candidates. Says he: "We want to make it uncomfortable for Congress to continue accepting...
...Silicon Valley's microchipped wonder companies, Atari was one of the earliest and most colorful. It gave birth to the video-game industry and churned out amusements like Pong, Asteroids and the home version of Pac-Man. It saw its sales explode from $30 million in 1976 to a peak of $2 billion in 1982. It spun off famous employee alumni, like Steven Jobs, co-founder and chairman of Apple Computer. Physically, it spread to 49 buildings around Sunnyvale, Calif. But its fall came even faster, as a fickle public cooled to its video games. Losses hit $539 million...
While still protesting that Mondale's PAC-funded delegates were "tainted," he showed no desire to seek a ruling on the issue from the convention credentials committee. The delegates involved in the controversy are from New York, Pennsylvania and Illinois, all of which were carried convincingly by Mondale. Hart knows that he would risk a sorehead image if he were to push that challenge personally at the convention...
...newest wrinkle in state-sponsored betting is the video lottery. Developed by Bally Manufacturing Corp., the producer of Pac-Man, the games feature terminals that produce winners by predetermined programming and include splashy graphics calculated to appeal to younger lottery players. This summer the devices will appear in Illinois bars and lounges. But in Nebraska, the state legislature last month passed a bill outlawing video lotteries...
...week interval since the Pennsylvania primary. There was concern about the effect of Hart's charge that Mondale had played fast and loose with campaign-finance laws by having supposedly independent delegate committees accept and spend on his behalf donations that mostly came from labor political-action committees (PACs). Mondale has ordered the delegate committees to disband and pledged to give back about $300,000 in PAC money, but Hart continued to hammer away at the subject all last week...