Word: successors
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Dates: during 1980-1989
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...masterminded the foiled invasion and then left office in disgrace three days after his country's surrender, has finally lifted that veil of secrecy. His candid account of military incompetence and official bungling stunned not only his countrymen but members of the ruling three-man junta and his successor, President Reynaldo Bignone. Last week the government charged Galtieri with violating military regulations that bar officers from discussing political matters without permission. They sentenced him to 45 days in prison...
...intense concern outside the Washington-Wall Street axis. Even those businessmen who normally do not pay much attention to the arcane ways of the Fed or meetings of its powerful Open Market Committee are watching the situation closely. They are acutely aware that the actions of Volcker or his successor will have a crucial influence on interest rates and the availability of credit and that this will determine the health of the economy. "Everywhere I go in my district, people ask me about you," New Jersey Congresswoman Marge Roukema told Volcker last week. "They think it's important that...
President Reagan has until Aug. 6 to reappoint Volcker to a new term or name a successor. But experts predict that he will probably act sooner, perhaps in early June. Waiting any longer would create great uncertainty in world money markets and not allow time for a smooth transition in case Volcker does not stay. On the other hand, Wall Streeters believe Reagan is unlikely to move before the late-May meeting in Williamsburg, Va., of the leaders of the seven leading industrial powers...
...moderate the policies that have been pursued in his name. At this late, though not necessarily too late, stage, Reagan could shore up his image as a statesman, and hence his appeal as a politician, by salvaging something from the wreckage of arms control on which he or his successor might be able to build...
...friend I.F. Stone says, because his thinking was firmly rooted in a "day-to-day reporter's bits of insight and vivid glimpses." Nor will Strout's lucid style, his knowledge and integrity be easily matched. Editor Hendrik Hertzberg and Owner Martin Peretz hope to find a successor who is content to remain anonymous, as Strout was for a long time. That is asking a lot in an age of celebrity journalists and in a Washington that resents secrets...