Word: act
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Dates: during 1990-1999
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Last month the White House notified Congress that it was withdrawing the first $5 million from the $97 million made available by the Iraq Liberation Act. But instead of guns, the Pentagon is providing desks, faxes and computers. And for military training, the Defense Department is starting out by having four Iraqi exiles fly to a Florida Air Force base this week for 12 days of classes on the role of the military in developing democracies. The four have been told to wear casual civilian clothes. It is clear that the White House hopes that if military power...
Chalabi didn't fade away after his defeat in 1996. Instead, he flew to Washington, where, to the outrage of the CIA and State Department, he began cultivating key Republican Senators such as Trent Lott and Jesse Helms, who forced Clinton to sign the Iraq Liberation Act. Chalabi hoped that the legislation would open the spigot on U.S. arms and training so he could field another guerrilla force...
...Long before they would have to do any actual sorting, though, Congress is now fixing things for good. President Clinton is expected to soon sign a bill repealing the decades-old restrictions that have divided brokerage and banking into infusible industries. The bill sweeps aside the Glass-Steagall Act and blesses the brave new banking world embodied in Weill's $689 billion behemoth, Citigroup. Lest there be doubt as to how fully Weill routed the regulators: Rubin, who left government this summer, joined Citigroup last week as a co-chairman...
...theory, there's plenty in the Financial Services Modernization Act for everyone. Individuals should end up getting faster answers and better rates on things like home mortgages and insurance, and corporate clients will be able to issue stock and buy directors' insurance with a single call. One-stop shopping for financial services up and down the customer ladder is mainly what this bill is about. Yes, you've heard it before, and, yes, it failed miserably in the 1980s. (Remember Sears, which added another dimension--buy stocks where you buy socks?) But with the government's stamp of approval...
...Senator Carter Glass and Representative Henry Steagall bonded in 1933 to draft the defining financial legislation of the 20th century. Born in tough times, Glass-Steagall expanded the powers of the Fed in controlling credit. It established the Federal Deposit Insurance Corporation, which insured bank deposits. Most important, the act required banks to choose between being a simple lender (a bank) or an underwriter (a brokerage...