| LETTERS | 1 |
| Tilting at Windmills | 6 |
| Lemann, Nicholas | |
| Enterprise and Double Cross | 13 |
| Reich, Robert B. | |
| WHO'S WHO | 20 |
| Nice PAC You've Got Here...A Pity if Anything Should Happen to It | 21 |
| Dockser, Amy | |
| Faith, Hope, and Chicanery | 25 |
| Marx, John Wark and Gary | |
| POLITICAL PUZZLE | 32 |
| Barclay, John | |
| Sack Weinberger, Bankrupt General Dynamics, and Other Procurement Reforms | 33 |
| Easterbrook, Gregg | |
| MEMO OF THE MONTH | 43 |
| The Case for the $435 Hammer | 47 |
| Fairhall, James | |
| Nuts, Bolts, and Death | 51 |
| Summers, Harry | |
| TIDBITS AND OUTRAGES | 54 |
| Hookers, Jaguars, and Lots of Stupid Loans | 55 |
| Lane, Charles | |
| MONTHLY JOURNALISM AWARD | 57 |
| Political Booknotes | 58 |
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