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Once one of the most respected powers on Wall Street, the brokerage firm Kidder Peabody, went through a management shake-up today in a bid to regain some of its lost reputation. Kidder owner General Electric was rumored to be pondering whether to dump the poorly performing financial house, especially in light of recent allegations that the company's leading bonds trader had dramatically inflated actual profits. GE seems more committed than ever: along with the management shuffle, it recently sunk an additional $200 million into the enterprise...
Clinton is hoping that Rostenkowski was not as crucial to the passage of health-care reform as he once supposed. Though he can regain his chairmanship if acquitted, Rostenkowski was compelled by Democratic caucus rules to hand over the post to the committee's ranking Democrat, Florida Representative Sam Gibbons, who has shown no special gift for horse trading. So the Administration is expecting its health-care point man to be majority leader Richard Gephardt. But like the rest of the House leadership, Gephardt is also more liberal than the crucial centrists whose support Clinton needs on health care...
After the indictment was issued, Rostenkowski ignored his lawyer's advice to stay quiet. "I strongly believe that I am not guilty of these charges," he insisted, "and will fight to regain my reputation." Soon after, lawyer and client parted ways. Whomever he chooses as a replacement, Rostenkowski may benefit from the testimony of several of the "ghost employees," who reportedly will challenge the prosecution's version of events...
...second, the Crimson were plagued by myriads of injuries. Tri captains Aoki, John Drosos and Bill Counihan--arguably the three top wrestlers on the team--were, among others, all out with physical maladies at critical points in the season. The team was never able to regain its flow and put forth its best foot in meets where nothing less was even close to acceptable...
...interview with the Turin daily La Stampa, Buontempo said, "I would send them into the midst of society" to proclaim their values. And they have. Speaking on the Italian television network RAI-1, Maurizio Boccacci, leader of the Vicenza marchers, said, "We follow a policy that we hope will regain lost values in our community. Fascism is the family, respect for older people and for the fatherland...