Word: standbyes
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Economic recovery and the compounded effect of tax increases and spending cuts would whittle the deficit to $148 billion in fiscal 1986, $142 billion in 1987 and $117 billion in 1988. These projections assume that Congress will enact standby increases in oil and income taxes that would go into effect...
Richard Cooley was 59 and had been chairman of San Francisco's Wells Fargo & Co. for 16 years when he abruptly quit his job last December. A day later it turned out he was to become chief executive of another bank-holding company, Seafirst Corp. in Seattle. With $10...
The second step began two weeks ago, when Reagan loyalists in the newly elected Congress called on the President. White House Legislative Aide Kenneth Duberstein had learned their views in advance and worked out a coordinated presentation. Basically, the Representatives and Senators told Reagan that he must propose a reduction...
Weinberger indeed was the key: if he continued to hold out for the full scheduled increase in military spending, the whole package, including a partial civilian-spending freeze and standby tax increases, would have fallen apart. Reagan, who maintained an essentially passive attitude through the whole affair, never directly ordered...
He has also produced, in the spirit of old-master quotation that ran through his silk-screened work in the early 1960s, a suite of variations on well-known paintings: Botticelli's Venus, that hardy standby of the Pop sensibility the Mona Lisa, and Gustave Courbet's rosy...