Word: tides
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...summer movie season doesn't begin in America until this weekend, when the thriller Crimson Tide invades more than 2,000 theaters. But any savvy moviegoer already knows enough to make some confident predictions about Hollywood's hot-weather product...
...victory in the Cold War. Our intervention in Vietnam held back the forces of Communism long enough so that other Southeast Asian nations, such as Thailand and Malaysia, were able to strengthen themselves and thereby never succumb to communist aggression. The Vietnam War, though a defeat, helped stem the tide of Communism in Southeast Asia and therefore contributed to our victory in the Cold War. McNamara's mistake lay not in fighting the Vietnam War but rather in losing...
...uniformly bad. On April 17 the Senate Armed Services Committee, reflecting an overwhelming American desire to be done with Vietnam, rejected an Administration request for $722 million in emergency aid to the Saigon regime. "Those bastards!" exclaimed the usually calm Ford. Though nobody believed the aid would turn the tide, Secretary of State Henry Kissinger and others had hoped it might enable South Vietnam to put up enough of a last-ditch fight to persuade the North to negotiate a truce. Two days after the committee action, cia Director William Colby told the President: "South Vietnam faces total defeat...
Possibly lost in the rising tide of rhetoric is the potential for much consensus between both parties. Both parties want to increase jobs. Both recognize the poor shape of the American job machine relative to its historical performance in past expansions and recessions. The best way to exploit this fertile common ground may be a recapitulation by the Clinton Administration of the educational tax cut as a retooled and newly-labeled 'human capital (gains) tax cut' complemented by other measures to increase its effectiveness...
Long before they get their first serious wrinkle--in 20 years, more or less, when people now in their mid-40s begin to retire-the system will be lurching into its final crisis. For government to pay pensions to the advancing tide of baby boomers will almost certainly require stunning benefit reductions or huge tax increases. More likely both. After years of fiscal and political fecklessness, an explosive conclusion...