Posted inMoney, Politics, and Power

K Street Gore

One important way to judge what a presidential candidate might do if elected is to look at his record while in office-his publicly announced positions and his skill in commanding loyalty, wielding authority, and winning public support. But it is also important to look at the networks of campaign contributors, lobbyists, political organizations, and policy […]

Posted inMoney, Politics, and Power

How Low Can You Go?

HAPPINESS IS . . . According to The Economist, PaineWebber has created an index of “happiness” for bonds that goes up when unemployment rises. If others would only follow this example and strike a blow against hypocrisy, we could have a series of more accurate social indicators: an index of happiness for hospitals that jumps […]

Posted inMoney, Politics, and Power

How Low Can You Go?

Gambling on the Presidency T he College of Business Administration at the University of Iowa runs the Iowa Electronic Market, a futures market on this year’s presidential election. Anyone can buy a contract on President Clinton, the yet-to-be-designated Republican candidate, or someone else. It’s a winner-take-all market: Contracts on the winner pay off at $1 […]

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