Word: strategist
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There is reason to believe, however, that the two men will fall back on their instincts for cautious progress. Assessing Lott's legislative successes last summer, Republican strategist Ken Duberstein observes that "Trent understands that we're a nation of incrementalists who like our progress in bite-size portions." And Clinton, after the failure of his massive health-care program in 1994, seems to have reached the same conclusion. So it is likely that the courtship of Washington's hottest couple this year will look like this: Trent and Bill, holding hands and taking, if not a leap, then...
...stocks. That's not how they put caviar on the table. Their job is to set a target and, after it's reached, set it higher. For them it pays to snort like a bull even when they feel like a bear. Take Barton Biggs, the well-regarded global strategist for Morgan Stanley. He warns that "stocks almost everywhere are at record valuations, euphoria is epidemic and the bull market cycle has got to be long in the tooth." Yet he says buy more stocks...
...American Medical Association has just introduced its own financial guide -- a listing of 53 tobacco-free mutual funds. Yet despite the looming threat of massive legal settlements, shares in tobacco firms like Philip Morris and RJ Reynolds continue to do well. Hugh Johnson, First Albany?s chief investment strategist thinks one factor supporting tobacco shares is growing investor concerns that the stock market may be due for a major correction. Reason: people smoke more when they?re nervous. And when the economy seems uncertain, investors tend to turn to the food, tobacco and pharmaceutical firms that make the products that...
...American Medical Association has just introduced its own financial guide -- a listing of 53 tobacco-free mutual funds. Yet despite the looming threat of massive legal settlements, shares in tobacco firms like Philip Morris and RJ Reynolds continue to do well. Hugh Johnson, First Albany?s chief investment strategist thinks one factor supporting tobacco shares is growing investor concerns that the stock market may be due for a major correction. Reason: people smoke more when they?re nervous. And when the economy seems uncertain, investors tend to turn to the food, tobacco and pharmaceutical firms that make the products that...
...going to have to hold his cards when it comes to a negotiation." Raines and Bowles wanted to show more flexibility early, on the theory that it might help soften up the opposition. A few days after the election Raines even went so far as to approach G.O.P. strategist Ken Duberstein and House Speaker Newt Gingrich with the idea of writing a budget together--a prospect the Republicans found laughable after fighting a bruising campaign over that very issue. "I don't think it was being naive," Raines contends. "I think it was setting a tone...