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Gingrich: I don't know. I don't want to read anything into what Buchanan has said. What I can tell you is, I think your description of the debate is only a partial statement. First of all, the core problem is culture, it's not redistributionism; second, that decentralized charities that have a sense of spirit and passion are vital; third, that bureaucracies that are anonymous are devastating; fourth, that you have to have incentives at the micro level for individuals; and that fifth, you want to maximize the creation of wealth and the acquisition of wealth rather than...

Author: /time Magazine | Title: NEWT GINGRICH: I AM NOT IN A TEACHING JOB | 12/25/1995 | See Source »

...denouement of the O.J. Simpson trial, the Million Man March, the death of Israeli Prime Minister Yitzhak Rabin and the Bosnian peace agreement, there were other men and women who shaped our world. But in the end, Gingrich is our 1995 Man of the Year because his rise and partial fall were emblematic of a historic shift in Washington that will be felt for generations to come. "For better or worse," says managing editor James R. Gaines, "he has changed the language and substance of American politics like no other politician in recent history...

Author: /time Magazine | Title: To Our Readers: Dec. 25, 1995 | 12/25/1995 | See Source »

...second time in a month, the Federal Government was forced into a partial shutdown after budget talks between congressional Republicans and the White House collapsed. President Clinton accused the G.O.P. of wanting to make "deep and unconscionable cuts in Medicare and Medicaid." Senator Robert Dole retorted, "I don't think he's telling the American people the truth." The two sides could not agree on when to restart negotiations...

Author: /time Magazine | Title: THE WEEK: DECEMBER 10-16 | 12/25/1995 | See Source »

...House Friday. Talks got back on track after White House Chief of Staff Leon Panetta met Thursday with Sen. Pete Domenici and Rep. John Kasich, the chairmen of the Senate and House Banking Committees. House Republicans have said that they will not pass a continuing resolution to end the partial federal shutdown until the budget deal is completed...

Author: /time Magazine | Title: THEY'RE UP, THEY'RE DOWN, THEY'RE UP | 12/21/1995 | See Source »

...biggest stock market tumble since 1991, the Dow Jones industrial average plummeted 101.52 points to close at 5,075.21. Worries that a partial government shutdown might cause the Federal Reserve to postpone a predicted lowering of interest rates on Tuesday sent investors into a selling frenzy. Declining issues led advances by four to one on a heavy volume of 426.23 million shares as of 4 p.m. EST, despite a one-hour opening delay in trading due to computer problems that stock market officials have yet to fully explain. With the Dow at near-record highs this month, the slide represented...

Author: /time Magazine | Title: BUDGET BATTLE ROCKS MARKETS | 12/18/1995 | See Source »

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