"Daddy, the figures for yesterday are in."

Otho sat up in bed without hesitation, as if he'd never been asleep. Another workstation was next to him on a bedside table. He reached out with one withered hand, grabbed a mouse, and chose

a few commands from the menus on the screen. A copy of the financial tables materialized. He put on a pair of extremely thick glasses that made his eyes look the size of baseballs.

The numbers for the first part of the day weren't bad. But the State of the Union address had changed all that.

"We got a lot of faxes too," Otis said, handing his father a thick sheaf of slick, curly paper, covered with notes from all over the world, many handwritten.

"Jesus Christ," Otho said, "what did that son of a bitch say?"

"Daddy, I turned the sound off on him and watched an HBO movie."

"Probably not a bad idea. Pull up the CNN monitor tape and rerun the speech for me - no, hold it, I can't stand the thought of watching him. Download a transcript off the news wire."

"Okay, Daddy."

Ten minutes later, Otis brought back the transcript. Otho scanned through it, looking for a few key words, and went almost instantly to the concept of forgiveness. Deep vertical crevices appeared in the middle of his brow and he let out a feeble stream of air through pursed lips.

By this time Otis knew he was in for a long night, so he turned on the bedside TV set and punched up CNBC.

"That bastard has just got every bull and bear in the world going insane." Otho set the faxes down on his bedside table and slipped his feet into a pair of slippers by the bed. "But he's half right. This country has problems. Someone needs to do something or all of its investors will get screwed."

"Investors?"

"Yup. America used to have citizens. Then its government put it up for sale. Now it's got investors. You and I work for the investors."

Otis regarded his father with the mixture of respect, fear, and awe that he had shown since he was a child. "What's going on, Dad?"

"It was just a matter of time before some politician actually became stupid enough to mention forgiving the national debt."

"Like Senator Wright?"

"Yeah. Who died in a plane crash. But obviously the President thought it sounded like a catchy idea."

"How are you going to handle this, Daddy?"

"Crank up the word-processing software. I'm going to do the first round-robin report since the Cuban Missile Crisis. This is too big for me to just fly off the handle - I have to provide the Network some options."

Otho's joints creaked and ground audibly in the nearly perfect silence of the capsule as he made his way out of bed, over to a stainless steel toilet, and from there into the control center. He sat down in front of a large high-resolution monitor and began jotting down a few options, as they came into his head. Later, he could rework them into deathless prose:

a. Pull investment out of the U.S. national debt - absorbing the

loss immediately - and explore new areas, such as purchasing the

larger part of the former Soviet Union;

b. Do nothing and hope that the American political structure

will muddle through;

c. Intervene directly in American politics in order to return it to

a certain sort of stability and to insure our long-term investment in

the debt;

d. Suggestions?

He then directed his system to send out the message in encrypted burst-mode fax transmissions. Beyond vague geographical indi­cations, he did not know to whom the faxes would go. When he had taken control of the Network's finances fifty years ago, it had been stipulated that all communication would be to code-identified participants.

The returns came in remarkably quickly. In the aftermath of the President's speech, everyone important was awake right now, regardless of time zone.

With the exception of a few Middle Easterners who wanted the Network to invest massively in the Muslim-dominated republics of the former Soviet Union, most of the Network liked the third option. The clincher was a fax from Lady Wilburdon, the acting

chairperson, who noted, "You have done well for us, and we place our trust in you. Put your country back in working order."

He spent a few minutes doodling with an old, well-worn slide rule. Back in the early seventies he had purchased a couple of the first pocket calculators and, as a mathematician, been horrified by their illusive precision. The slide rule was a far more trustworthy and illuminating guide to the numerical world.

The United States had borrowed ten trillion dollars since the onset of Reaganomics. A significant fraction of that debt was now owned by the Network. Those loans were supposed to bring in a certain fixed amount of interest every year. The cap proposed by the President would reduce that income by an amount on the order of a few tens of billions of dollars per year - possibly even more, if the country went into a deeper crisis and made further cuts.

In the long run, then, the Network stood to loose hundred of billions of dollars from the measures that the President had just proposed. Otho was therefore justified in spending real money here - easily in the tens of billions. This was more than enough to throw an election. Perot had nearly done it for just a few hundred million.

Otho knew perfectly well that his Network was not the only organization of its type in the world, and that he was not the only person running through this sort of a calculation tonight. It wasn't enough just to mess around with an election; everyone would be getting into that game during the next few months. The important thing was to do it well, and not just on an ad hoc basis but as part of a coherent long-range strategy.

If the Network planned carefully and wasn't too obvious about it, it could go far beyond managing the outcome of this one election. It could actually erect a system that would enable America's investors to have a permanent say in the management of their assets. It would eat up a lot of the Network's liquidity, but by moving some money around, Otho would be able to free up enough to assemble quite a little war chest. The markets had all gone to hell anyway, providing a perfect cover for the enormous shifts he would have to make in the next couple of days.

The more he thought about it, the more he was convinced that it was a sound decision. He should have done it a long time ago. The fact that he hadn't probably proved that he was obsolete, or something.

The United States of America had severed its purpose. It was time to cash her in. Like a big creaky old corporation, her individual parts, intelligently liquidated, were worth more than the whole. She still had the best damn military money could buy, as the Iraqis had discovered during the Gulf War, and she still came up with new ideas better than anyone. Under new, fiscally responsible management, she could still perform well, pay her debts, and provide a tolerable standard of living for her citizens. Otho needed to make sure that that management was provided by the Network and not by one of the other entities with which the Network competed.

He sent out a fax to Mr. Salvador telling him to swing by Cacher for a face-to-face. That was the hard part; he had never been good at the interpersonal stuff. Then he got down to the work he did better than anyone else in the world: sending out sell orders, shuffling assets, arranging his pieces on the board.

In simple numerical terms, liquidating the Constitution of the United States was not the biggest or the most difficult job Otho had ever undertaken. For some reason it made him nervous anyway. Since the Kennedy assassination he'd had nothing but contempt for politicians. But he wasn't attacking a particular president here; he was attacking the institution of the presidency. Meddling with primal forces. He moved slowly, made mistakes in his arithmetic, forgot things, kept going back on his own decisions. It was an unfamiliar sensation to be agonizing about his job. Images kept coming unbidden into his mind, clouding his thoughts: FDR declaring war on Japan, the moon landings, D-Day, football games on Thanksgiving, Lou Gehrig's farewell speech.


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