Word: rubins
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...usually on Federal Reserve Chairman Alan Greenspan. This year, thanks largely to Greenspan's prudence, the conversation is almost certain to change. As the U.S. rate of inflation idles under 3%, the debate in Washington is shifting back to the fiscal side of the ledger. Enter Treasury Secretary Robert Rubin, first among equals on President Clinton's economic team and one of the few faces in the Administration that Wall Street considers...
...Rubin's priority is seeking a balanced federal budget by 2002. To reach that goal, the White House must compromise with Congress while protecting such Clinton promises as education incentives and measures to safeguard the environment. Along the way, Rubin will have to fend off the Republican opposition's shibboleth: a proposed constitutional amendment to mandate a permanently balanced budget. The idea, which enjoys support among a smattering of Democrats, is opposed not only by Rubin and the President but also by Greenspan. They point to the rigidity of the notion in the event of an economic downturn, and argue...
...Rubin's other domestic priority is unusual for a Treasury Secretary: lifting the blight from America's desperate inner cities. He has made a point of visiting New York City's troubled South Bronx and crumbling areas of Chicago and Los Angeles to underscore his belief that extra capital and market incentives can bring rejuvenation. "It's sort of a Nixon-going-to-China approach," he explains. Specifically, Rubin wants to increase funding to a network of community-development banks across the nation, expand their inner-city small-loan programs and reach out to roughly 10 million low-income Americans...
...used to fly longer routes that would normally be flown by American Airlines pilots and that the Eagle pilots, who are represented by another union, the Air Line Pilots Association (ALPA), will continue their encroachment on APA's turf. "The term regional jet is a misnomer," says Captain Rich Rubin, 47, who pilots a wide-body 767 on long-haul routes out of Miami. "It is a long-range, high-performance jet that flies at Mach .81 at 40,000 ft., like a 767. It will deprive us of our routes, and it will replace MD80s and F-100s [existing...
...painful. "It is a measure of Albright's diplomatic training," says Gibbs, "that she was able to get through a two-hour dinner without betraying much outward sign of all that she was juggling." While the two women covered a wide range of subjects, Albright's press aide, Jamie Rubin, was called to the phone so often that he managed to swallow only a few bites of his dinner. The new Secretary of State, Gibbs noticed, generously shared her dessert with...