Word: simonized
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Dates: during 1980-1989
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...Dutch windmill stands tall on the front lawn of William Simon's Long Island summer home. But despite his fondness for the unusual antique, the onetime Treasury Secretary and U.S. energy czar is no Don Quixote of the business world. There is nothing fanciful about his vision of assembling a financial empire in the Pacific Basin. In fact, Simon has helped mold a multibillion-dollar conglomerate that includes the largest savings and loan association in Honolulu and a merchant bank in Los Angeles. Last week an investor group led by Simon agreed to pay $157 million for Western Federal Savings...
...Simon & Schuster; 221 pages...
Bloom, 56, a genial philosopher, professes himself to be "absolutely astounded" at the impact of a work that he thought might have 5,000 or 6,000 buyers, "75% of whom I know." But somehow Bloom's gloomy tract (Simon & Schuster; $18.95) and Hirsch's book as well (Houghton Mifflin; $16.95) seem to be full of things a lot of people care about. Bloom's principal message: American universities, capitulating to 1960s activists, abandoned sound liberal arts teaching for trendy, "relevant" studies in which all ideas have equal value. Bloom deplores this surrender to "cultural relativism," which he considers...
...approach will "score knockout victories again." Free traders, he says, "lack backbone." Joseph Biden uses the America's Cup races as a metaphor for the nation's standing, then declares, "To say we want to compete means we are already losing. I want to win!" Paul Simon attempts to offset his meek image with the mantra "We need someone with the courage to do the tough things...
...forthcoming about his income. He earns $100,000 annually, with unspecified additional income from speaking engagements (he receives about $5,000 an appearance, and makes a dozen or so each year). No other members of his family work in the ministry. Falwell recently received a $1 million advance from Simon & Schuster for his autobiography; the first draft was completed in June. The preacher and his wife Macel are making payments with interest to the ministry on an 1834 dairy farmhouse, purchased in 1980 for $160,000 and given to his church. The televangelist's Thomas Road Baptist Church pays...