This episode's headline: Report on Famine; Budget Cutting: Grace Commission How To?; Geraldine Ferraro: Victorious Loss?; Political Pundits; Political Cartoons. The guests include In New York: JAMES GRANT, UNICEF; In Washington: Rep. PAT WILLIAMS, Democrat, Montana; ALAN BARON, Democratic Political Analyst; DAVID GERGEN, Republican Political Analyst; In Austin: J. PETER GRACE, Chairman, W.R. Grace & Co.; Reports from NewsHour Correspondents: JOHN SIMPSON (BBC), in Nicaragua, JEFF GOLDMAN, in Washington; BRIAN STEWART (CBC), in Ethiopia. Byline: In New York: ROBERT MacNEIL, Executive Editor; CHARLAYNE HUNTER-GAULT, Correspondent; In Washington: JIM LEHRER, Associate Editor; JUDY WOODRUFF, Correspondent
