Word: sidereal
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...equally savage blast comes from Michael Evans, chief economist for the Wall Street investment firm of McMahan, Brafman, Morgan & Co. Evans, a fallen-away supply-sider, blames high unemployment on the monetarist theories of 1976 Nobel Laureate Milton Friedman, who holds that slow and steady money growth is the key to economic health. Evans charges that some overzealous Friedman followers believed that the money supply could be squeezed without harming the economy. Says he: "Those people are now proved to be nuts, and they're gone forever. That aspect of monetarism belongs on the trash heap of economics...
...Sider vs. Timberland...
Along with Lacoste alligators and chino trousers, Sperry Top-Sider shoes have come to epitomize the popular preppie look. Invented in the 1930s by a Connecticut yachtsman to help sailors keep their footing on slick decks, the white-soled, dark brown deck shoes have become a favorite with landlubbers from Newport, R.I., to Newport, Calif., who wear them more for status than for safety...
...Sider kicked back with a lawsuit filed in Massachusetts Superior Court, charging that the comparison in the ads was inaccurate. The suit was settled when Timberland agreed to change the text of the ads, but not the headline. Timberland has since filed a suit of its own in the U.S. district court in Concord, N.H., after dis covering that the three sets of patent numbers on the Top-Sider sole had expired in 1955, 1957 and 1959. While Top-Sider has since removed the numbers from its soles, its attorneys contend that the use of the expired patent numbers...
...Capitol Hill, Reagan's emerging nemesis is Republican Congressman Jack Kemp, the ardent supply-sider who was a main designer of the Administration's three-year 25% income tax cut passed a year ago. Kemp insists that he is not against Reagan himself or his policies overall, only the President's abandonment of tax-cutting supply-side doctrine. The smooth, good-looking lawmaker is trying to stir up opposition to the tax plan both in Congress and among outside lobbyists...