Word: richarde
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Dates: during 1980-1989
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GLORY! GLORY! (HBO, debuting Feb. 19 and 20, 9 p.m. EST). Jim and Tammy could raise the bucks at least. In this two-part movie, Richard Thomas plays the dullest evangelist on TV, who recruits a drugged-out rock singer to save his ministry...
...then did the Bush team pull off such a miraculous deficit disappearing act? Budget Director Richard Darman came up with a solution so Machiavellian that it had eluded even that past master of cooked books, David Stockman. The Darman doctrine: If the numbers are inconvenient, let someone else add them up. It was a refined version of the same strategy that Bush himself promoted during his campaign with his numbers-fudging talk of a "flexible freeze...
These days, Brown feels abandoned by the black and white musicians who became famous by copying his style and gyrating dance techniques. He says, "The only two people who have shown love and respect for James Brown are Little Richard and Al Sharpton," the New York City preacher who stirred up a storm over the purported rape of Tawana Brawley and is now organizing a campaign to gain Brown's early release. Complains Sharpton, who sports a Brown-style hairdo: "The country would never have done this to Elvis...
...widespread early complaint was that Administration officials, notably Budget Director Richard Darman, were using sleight of hand to downplay the bailout's true cost. Darman originally seemed to say that the cost to taxpayers would total about $40 billion in the first decade, but that number in fact described only how much the plan would aggravate budget deficits. The actual spending from general revenues would be closer to $60 billion. But purely from an accounting standpoint, its impact will be offset by $20 billion in increased insurance-premium fees to be collected from the banking industry -- even though the funds...
Even so, in testimony before the Senate Banking Committee last week, Attorney General Richard Thornburgh said most of the lost money is long gone. "In many cases, the assets have been dissipated through laundering schemes or taken out of the country, and are beyond the reach of federal authorities," he said. "We'd be fooling ourselves to think that any substantial portion of these assets is going to be recovered." Besides the money that was simply stolen, billions of dollars were lost on high-risk investments and frittered away by paying excessively high interest rates to attract depositors...