Word: trusts
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Stockman's memoirs, The Triumph of Politics (Harper & Row; $19.50), form a singular document of arrogance. That Washington cannot meet its responsibilities on the budget certainly is true, but Stockman's own failures may have had as much to do with creating the huge federal deficits and the diminished trust in Government economic planning with which we are now burdened...
...Reagan trusted Stockman, but Stockman, by his own admission, again and again failed to return that trust. The mystery in this account is why Stockman did not lay his fears of impending financial disaster squarely on the President's desk. Or why, if others thwarted his honest intentions, he did not resign. His self-exoneration--describing how he was flitting here and there in righteous dismay, confronting all those mindless Californians around Reagan, struggling to "work from within" to avert the catastrophe he so clearly saw before him--does not go down well. He confesses to being too enamored...
Imagine a financial scandal that forces the resignation of Federal Reserve Chairman Paul Volcker along with those of the heads of Citibank, Bank of America, Manufacturers Hanover Trust, Chase Manhattan and the First National Bank of Chicago. Such a massacre of top moneymen might seem farfetched in the U.S., but something very much like it is now going on in Israel...
Whatever problems arise, however, there are assured benefits, maybe even some political gains. "I don't think we can resolve all our differences through cultural exchanges," says Yevtushenko, "but we can create a special atmosphere of trust. And this will make it easier to sign political and nuclear agreements." If that is perhaps too hopeful, the pleasure and enrichment for American and Soviet audiences is enough in itself. And the exchanges should help to make the two superpowers less disagreeable when they choose to disagree. --By Gerald Clarke. Reported by Elaine Dutka/New York and William Stewart/Washington...
...seem to be giving up. In August Lotus began selling disks that enable corporate customers to strip protection from its best-selling 1-2-3 program. Ashton-Tate quickly followed suit, abandoning copy protection for all its products. Said Chairman Edward Esber: "Sooner or later, you've got to trust your customer." Last week Microsoft announced that it is "going bare" on the last of its business programs, leaving protection only on its popular Flight Simulator game...