Word: washingtonization
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Dates: during 1990-1999
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That kind of continuity is crucial for his small but strategic country, and for a King who lacks political experience. Abdullah believes his military career has prepared him well, putting him closely in touch with ordinary Jordanians as well as Washington generals. While Hussein's sickbed decision shocked him, he appears unfazed at stepping out to lead the family "team." As Hussein counseled him years ago, "Have I ever steered you guys wrong?" Still, every citizen and friend of Jordan wonders if Abdullah will prove up to the job his father handled with such finesse...
...vacation in the Virgin Islands. You have been dreaming about the fishing for the better part of two months, and you are about to head out to chase the Christmastime bonefish running offshore and to spend a day on the water, with the sun leaching six months of Washington baloney from your brain. The phone rings, and because you are Secretary of the Treasury, you answer. "This is the Treasury operator," says the voice. "Please stand by for a conference call...
...phone rings. You are at home, but getting ready to head out to your weekly tennis game in the Virginia suburbs. You are thinking perhaps about your spin serve, a wicked slice that moves left to right so fast that you have left some of Washington's biggest names tripping over their feet and cursing. Sure, you can leave the stock market wheezing with one word about higher interest rates, but...if only they could see what you can do to anyone foolish enough to line up inside against that serve! You are 72 years old, and your tennis game...
What holds them together is a passion for thinking and an inextinguishable curiosity about a new economic order that is unfolding before them like an Alice in Wonderland world. The sheer fascination of inventing a 21st century financial system motivates them more than the usual Washington drugs of power and money. In the past six years the three men have merged into a kind of brotherhood, with an easy rapport...
...showed, the results among Reagan-era economists like Arthur Laffer were always the same: tax cuts and less regulation were the solution. Rubin, Greenspan and Summers have outgrown ideology. Their faith is in the markets and in their own ability to analyze them. "It's unusual," Greenspan says. "In Washington usually you come to the table, and everyone meets, and no one changes their mind. But with us, you have something else...