Word: pork-barrel
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...Cabinet that is younger and includes more women and more non-politicians than usual--notably Japan's first female Foreign Minister, Makiko Tanaka. But it's hard to find a clear pattern: one of his economic advisers favors corporate restructuring and repairing the banking system; another leans to traditional pork-barrel politics. Koizumi's immediate problem is that dramatic reforms take time to implement, and the Japanese public that adores him today will turn on him tomorrow if he doesn't produce results--and so might the L.D.P., if it fares poorly in upper-house elections in July. Says Gerald...
...This is the 'New Japan' and it's spelled 'T-O-U-G-H.'" JESPER KOLL, chief economist at Merrill Lynch Japan, on the need for real reform, not old-style pork-barrel solutions...
...without Clinton around, the protest wattage looks awfully low. Big Bad Bill's grandstanding skills were so formidable that GOP senator Phil Gramm on Thursday was blaming last year's pork-barrel budget on "Democrats working with the President." (Um, Phil, weren't you guys in the majority last year?) And this year the tax cut is coming the other way - from Pennsylvania Avenue to a still-unified Republican majority - and it's a few lower-income compromises away from winning over some Democrats as well...
...that dissipation" with all this surplus talk, but then followed that with a major faux pas: "I take it interest rates will be reduced further next week?" (Greenspan only smiled behind his hand, and the betting remains that Sarbanes is right.) The dissipation - Greenspan bemoaned in particular the pork-barrel parade at the end of October's budget negotiations - is a Hill thing, and there the responsibility stays. The message: If Bush's tax cut busts the budget, it'll be your fault, not mine...
...BARBARA MIKULSKI, dean of the Democratic women in the Senate, about how to please constituents and get "super A" committee assignments out of the old boys who still run the club. Clinton's top committee choices: Finance and Appropriations. Her legislative priority after being sworn in next month: a pork-barrel bill for upstate New York. "She's asked me workhorse questions," says Mikulski. "She didn't ask where the Senate press gallery was." She doesn't have to; the press gallery will come to her, and so may a big book advance. She's fed up with others writing...