Through 60 turbulent years of American history, the liberal weekly New Republic exerted a distinctive influence on political thought. Its tradition, shaped by men like Herbert Croly, Walter Lippmann and Edmund Wilson, continues today with John Osborne's respected "White House Watch," Richard Strout's pseudonymous "TRB" Washington column and Walter Pincus' lacerating political analysis.
Last March the New Republic was bought for $380,000 by Martin Peretz, 35, a maverick-leftist lecturer in social science at Harvard with a rich wife (Singer sewing machines) and an activist's belief in redistributing wealth. At the time of the purchase, press observers expected early trouble for the former...
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