Word: steers
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...task of the front runner is to avoid boring the electorate with a drumfire of statements that he may later regret -while remaining in view. Muskie must also steer clear of the Romney trap: disputes with the press over what he did or did not say. Otherwise reporters will be dusting off the old ROMNEY key on their typewriters-the one, the Washington gag has it, that prints at one stroke: "Governor Romney later explained that what he really meant was . . ." That could be the end of presidential hopes, and Muskie knows...
...somehow the city fathers have managed to steer the problem away from the specifies of the Walton case (and three other complaints of police beatings) onto a new course which talks of a Citizens' Review Board designed, in the City Manager's words, "to handle citizen complaints and recommendations for improved service...
...first lesson from Nader and Co. is how to avoid buying a trouble-plagued car. Nader suggests that the cautious purchaser should steer away from delicate options like automatic speed controls, eyelid headlamp covers, power windows and power antenna-all of which have a high frequency-of-repair record. But heavy-duty suspension, says the book, is "a must, even for urban driving." The buyer should hire an outside mechanic to check over the car before accepting delivery from a dealer...
...forms, cutting across rivalries as well as boundaries. Westdeutsche Landesbank Girozentrale, for instance, joined with National Westminster, Chase Manhattan and the Royal Bank of Canada to start "Orion." The constellation is divided into three parts: a commercial bank, a merchant bank, and a marketing wing that will steer customers of the four shareholding banks to Orion. Another new banking combine is London Multinational, which is backed by Baring Brothers, New York's Chemical Bank, Credit Suisse, and Chicago's Northern Trust. Still another grouping, called Atlantic International, brings together, among others, Banco di Napoli, National Shawmut of Boston...
...Federal Reserve's prime job is to prevent just such disasters. After Texas Congressman Wright Patman, an archenemy of banks and railroads, blocked the Nixon Administration's efforts to prop up the Pennsy with a $200 million loan guarantee, the Federal Reserve moved swiftly to steer the financial system out of danger. The board made a special point of offering to advance credit to commercial banks through its "discount window," providing them with much needed funds for relending to corporations that had to pay off commercial paper. The mechanism was conventional, but the need for speed...