After addressing a conservative group recently, I was asked by a member of the audience whether the Clinton Administration’s economic policies were based on the theories of Marxian economics. While the question might seem paranoid at first, in reality it was overly optimistic. Neither Marxian economics, Keynesian economics, supply-side economics, nor any other known school of economics can explain the policies originating in
-Thomas Sowell, Forbes
IN TASSELS WE TRUST
To say “tasseled loafer” in
When George Bush wanted to hurl a wounding barb during the last presidential campaign, he complained that Bill Clinton was supported by “every lawyer who ever wore a tasseled loafer.”
To them, the preppiness of the shoe represented American prosperity and free-market conservatism. Thus, it became part of the battle uniform of the young soldier of la contre-revolution.
That all became blurred, Mr. Vinocur said, when many French leftists soon followed suit and abandoned their proletarian footwear in favor of the tasseled loafers. “It helped them get tables in the better restaurants,” he said. Apart from the delicious weirdness of having legions of Frenchmen trying to look like the
-Neil A. Lewis, The New York Times
No wonder we’re having trade problems-even the White House can’t distinguish one country from another. An official White House schedule recently listed Lech Walesa as president of the
It somehow caught our eye that Barbra Streisand picked up $20 million for two days’ work at the MGM Grand Casino in
For certain more suspect lines of employment, pay no longer can be deducted as an ordinary cost of business, at least if over a year it adds up to 1/20th of what Ms. Streisand takes for a couple hours of work. MGM Grand can deduct whatever it decides to pay her, but it can’t deduct more than $1 million of whatever it pays its top five executives.
As it happens, these folks don’t make anything like what Ms. Streisand does. President and CEO Bob Maxey has base pay of $525,000 a year, and Chairman Fred Benninger gets $610,000. You could argue that it’s different because they set their own salaries, but they don’t. They report to a board dominated by majority shareholder Kirk Kerkorian, not known as a blushing-violet negotiator.
-The Wall Street Journal
NERVOUS CIVIL SERVICE
Has Trade Minister Richard Needham hit on a solution to the blocking tactics of top civil servants famously portrayed in the “Yes Minister” TV series?
“I can’t fire anyone,” he complained ‘to a fringe meeting during the Tories’