Word: vice-chairman
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...productivity boost it spawned allowed the U.S. to grow at phenomenal rates in recent years without incurring significant inflation. It also helped attract hundreds of billions of overseas dollars into the country, noted Kenneth Courtis, a Tokyo-based vice-chairman of Goldman Sachs Asia. And the spigot may still be turned on. "I don't think that all of a sudden the factors that made the U.S. a huge magnet for investment have disappeared," said Courtis, who argued the dollar could prove stronger against the competing euro than most analysts expect. But Hormats was less sanguine about overseas investment, pointing...
...cutting conservative to boot, is meant to further assuage GOP righties who have found Bush's appointments a little unsettling thus far: The party machinery is in reliable hands. (Gilmore will stay as governor but step down as chairman of the Republican Governors' Association, which means vice-chairman Tom Ridge may finally get a promotion after...
...Stanton is retired, but he has spent his life associating with the elite in government and broadcasting. He was president of CBS from 1946 to 1971 and then vice-chairman until 1973. The same year, then-President Nixon named him principal officer of the American National Red Cross...
...move may hold more water. "The fact is, Clark won the war," says TIME Pentagon correspondent Mark Thompson. "Retiring him 10 months rather than 12 months from now is based entirely on the fact that they badly want to ensure his replacement is General Joe Ralston." Ralston, who became vice-chairman of the Joint Chiefs of Staff when his nomination for chairman was withdrawn after he confessed to an extramarital affair, would be forced by law to retire once his present command expires in February unless he gets a new posting within 60 days...
...that his adulterous affair deserved different treatment than that suffered by a flock of other military officers. "My regret is that the public discussion surrounding my potential nomination blurred the facts in a number of recent cases," Ralston said. He will continue in his post as vice-chairman of the Joint Chiefs. Defense Secretary William Cohen and Joint Chiefs Chairman Gen. John Shalikashvili lavished praise on the 32-year-military veteran, hailing his "superb advice" and "devotion to duty." Defending his choice for chairman to the end, a resigned Cohen steeled his nerves for round two in the search...