Word: scheme
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...capital of exuberant quirkiness, San Francisco municipal authorities agreed on a set of laws meant to codify the city's piquant urban character. The Downtown Plan, a radical and ambitious zoning scheme, will protect dozens of fine older buildings from demolition, severely restrict the amount and bulk of new highrise construction and virtually outlaw the modernist office block...
This ambitious scheme has got off to a somewhat stumbling and chaotic start. State bankers at the end of 1984 overused their new authority and went on such a wild lending spree that the People's Bank of China, the country's central bank, had to tell them to stop. Factory bosses, in contrast, widely complain that they are still waiting for confirmation from local party and government officials that they can begin exercising the new freedoms they supposedly were granted at the start of 1985. For the first time, Deng is proposing to crimp seriously the powers and privileges...
Most difficult of all will be navigating the murky waters of the Gramm-Rudman Act, the jerry-built scheme adopted last month that mandates automatic reductions in federal spending if necessary to reach specific deficit-cutting targets. The tumult caused by this unprecedented measure, whose constitutionality is under challenge, will begin almost immediately. On Jan. 10, budget officials in the White House and Congress will kick the law into force by producing an estimate of the current fiscal year's looming deficit, probably about $200 billion. To limit the shortfall this year, Reagan will be forced by Gramm-Rudman...
...startled Reagan Administration studies the Soviets' plan for reaching a nuclear-free utopia by 2000 and wonders if the scheme is a genuine breakthrough or simply a propaganda ploy. Kansas Republican Bob Dole, the acerbic Senate Majority Leader, braces for a run at the presidency. America honors the birthday of slain Civil Rights Leader Martin Luther King Jr. with a national holiday...
...easy and automatic simplicity, but the plan ignores the hard and complex choices that will have to be made down the road to preserve the delicate nuclear balance. Indeed, the initial reductions in strategic weapons would tilt the balance dangerously in the Soviets' favor. In addition, the whole scheme appears to hang on a condition that Gorbachev knows Reagan resists: U.S. abandonment of the Strategic Defense Initiative, or Star Wars, whose goal is to develop a defensive shield against nuclear missiles...