Word: trenched
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...resolution possible sometime this week. But impeachment moves still seem unavoidable: the Republican-controlled Judiciary committee is expected to vote in favor of launching such an inquiry by next week, and the full House would then prepare to start hearings sometime after the November elections. In the bloodless trench warfare over the Clinton presidency, it seems to matter little that Americans want a swift outcome. But it is fair to ask: What if they held a war and nobody showed...
...nearly zero. Its stock, riding high at $44 a year ago, was beaten down to $16 in last week's market rout, gutting the 401(k) retirement plans of many of its employees. "What I have in Harnischfeger stock is down by two-thirds," says a glum Dave Trench, 57, a machinery stock attendant at a Harnischfeger subsidiary in Nashua, N.H. "When I look at retirement, I might start to sweat." At least he still has his job--for now. Harnischfeger announced in late August that it soon will begin dismissing 3,100 employees, or a fifth of its work...
...origins of the stock market's grinding 1,698-point decline, a loss of 8% from the July 17 peak of the Dow Jones industrial average at 9337.97. The company also offers a glimpse of what might come next, as American workers and investors like Dave Trench wonder whether the long boom is over. Should they pull their money out of stocks? Does the market slide foretell a recession? How is any of this bad news possible when the U.S. economy seems so strong, with the lowest unemployment, inflation and interest rates seen in a generation...
...Tuesday morning with no attorney and only a Secret Service retinue for company. But in practice, the President's lawyer and stonewalling supremo, David Kendall, looks set to keep Starr's subpoena at bay a little while longer. As one Kendall friend told TIME: "He knows how to fight trench warfare, and he's good...
...candy bowl on her desk, a cold cloth for the forehead, Betty Currie has been painted through this winter of scandal as a simple, sanctified sister of mercy. But she is also a puzzle, with a resume and reflexes that speak to lessons learned in 40 years of bureaucratic trench warfare. Is she too loyal ever to betray the President? Is she too honest ever to shade the truth? Kenneth Starr and Bill Clinton are each hoping that they know which side she will come down on--and the two sides couldn't be farther apart...