A Letter From the Publisher: Mar. 3, 1986

In a major story this week on Washington's newest growth industry, TIME describes the phenomenal rise in numbers and clout of the capital's lobbyists and influence peddlers. "It is a revolving door for those who are willing to hawk the connections and access they gained while in office," says Senior Editor Walter Isaacson, who supervised the story. "With tax reform, trade policies and the budget now facing Congress, the effect of influence peddling could become a major political issue."

The chief reporter for the story was White House Correspondent David Beckwith, who has examined Washington influence peddling before. In 1978, as...

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