Word: reformâ
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...In "The Reform??Action Figure" [April 4], on California Governor Arnold Schwarzenegger's war against the public employees' unions, columnist Joe Klein characterized them as "special interests" protecting their "unaffordable fringe benefits and antiquated work rules." But Klein should have noted that some states made the kind of pension-plan changes favored by the Governor--and then switched back to the original plans when it was realized that the changes left retirees without enough to live on. If this issue ever reaches voters, I'm hopeful that Californians will have seen enough Terminator movies to recognize the difference between...
...delegates listened to a parade of pleas for platform planks by homosexuals, advocates of abortion, and welfare organizers. Oklahoma Senator Fred Harris, wearing a button reading TAKE THE RICH OFF WELFARE, argued for radical tax reform???a plank the convention rejected. Hour after hour, the session ground on, with the delegates resisting pleas for adjournment. When they were finished, they had adopted a very liberal, semi-populist platform. The order in which the disputes were handled served party unity and party image: Wallace's package was considered first, and the more controversial items such as abortion and gay liberation were...
...President wanted an extension the 10% income tax surcharge as an anti-inflationary measure. He was notably less keen on tax reform at this time. Senate Majority Leader Mike Mansfield warned the President that he could not have the surtax without reform???and managed to impose this view on Finance Chairman Russell Long, a Louisiana Democrat to whom 27½% oil-depletion allowance is most precious the reform-bill cuts the allowance to 20%). As Senate Democrats were squabbling, however, Long's House counterpart, Ways and Means Chairmen Wilbur Mills, who cherishes the House's constitutional prerogative to originate revenue measures...
...through V.C. villages, whispering rumormongers scuttle through government zones, U.S.O.-type song-and-dance troupes and armed propaganda teams enter a village to "protect" it after advance men have sounded out the villagers' grievances. Whatever the complaints?whether they deal with a corrupt headman or a lack of land reform???the Viet Cong move in and offer redress where they can. Their methods are direct: shoot the corrupt chief, redistribute the land...
Reserve Primacy. In the rising chorus of voices for reform???joined last week by the IMF and Federal Reserve Board Chairman William McChesney Martin Jr.?the strongest and most influential belongs to the chief financial strategist of the monetary world's most powerful member: Henry Hamill Fowler, 57, the 58th Secretary...