Word: scares
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...accepted his offer for an emergency extension of the government's borrowing authority, Newt Gingrich has changed his mind. The House Speaker today said Treasury Secretary Robert Rubin's projection that the federal debt limit would be reached by Oct. 31 could be "a Halloween trick to try to scare people." Instead, Gingrich wants plenty of time to pore over the figures. Rubin's warning Tuesday had scuttled Republican plans to tie the emergency debt-limit increase to their dramatic budget cuts. Who's right? Says TIME's Karen Tumulty: "The people who have the most to lose from this...
...Deaccessioning," as museums call their periodic disposals of unwanted art, is a touchy and politically sensitive process that is traditionally done quietly and piecemeal so as not to offend donors of the jettisoned works or scare off potential benefactors. "There's a worry about agitating the public," says Neubert. The crowd that gathered at Denver's auction, however, seemed excited only about bidding up the prices. From the opening gavel of what amounted to a nine-hour garage sale, buyers in the museum's main hall sought to outbid one another on 630 lots that ranged from ivory figurines...
...require local phone companies to open their networks to AT&T and others. In any event, splitting up will allow AT&T to go after both local and long-distance competition without fear of causing a disastrous loss of equipment sales; similarly, the separate equipment company will no longer scare off customers fearful of fattening a competitor...
Even without the looming deadline on the debt ceiling, the mood in Washington over the next few weeks would be poisoned by the battle over Medicare. "Morally bankrupt" was the way Gingrich described the scare-the-elderly tactics the Democrats have been using to oppose his party's plans for Medicare reform. The House G.O.P.'s vague proposal would require much higher premium payments from more affluent patients--singles making more than $75,000 and couples making more than $150,000. It would raise the Part B premiums that cover doctors' fees, not requiring seniors to join health-maintenance organizations...
...insisted the plan would "deliver better care with better services at less cost." Unlike its higher-end cousin, Medicare, Medicaid already depends on vast state involvement, and the bill would likely fail without governors' support. "No one in Washington suggests block-granting Medicare," says TIME's Tumulty. "It would scare to many powerful constituencies. Medicaid, by contrast, has no powerful lobby...