Word: bargainer
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Dates: during 1990-1999
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...year battle over toxic waste at Love Canal reached an anticlimax as New York State settled a $630 million lawsuit against Occidental Chemical Corp. for a bargain $98 million. Occidental's corporate predecessor, Hooker Chemicals & Plastics Corp., buried 22,000 tons of toxic waste near the Niagara Falls neighborhood from 1942 to 1953. Most of the town was evacuated in the mid-1970s when the contamination was widely reported. Despite the settlement today, Occidental's problems are far from over: many individual suits, as well as a federal action, brought against the company over Love Canal continue to percolate...
...Armacost, a former U.S. ambassador to Japan who is now a visiting professor at Stanford University, does not believe the Kims are working on a deal. "I've never been fully convinced," he says, "that people invest that much money and effort in a program they're going to bargain away." The diplomatic fog, he thinks, has all been cover for a determined bomb program. Norman Levin, a senior analyst at the Rand Corp., believes North Korea is bargaining, but not about economic aid or diplomatic recognition. The issue is securing the succession of Kim Jong Il, who does...
...deal Rostenkowski could not see brokered to his satisfaction was the plea bargain that his lawyer Robert Bennett struck with the prosecution team headed by U.S. Attorney Eric Holder Jr. Rostenkowski would have got off with a fine and a six-month prison term in exchange for resigning from the House and pleading guilty to a single felony count. After two days of discussion with family and close associates, Rostenkowski decided to turn down the plea. Says former Illinois Representative Marty Russo, a close friend: "He just sat down one night and said, 'Wait a minute. I didn...
Either way, Rostenkowski would have to give up the Ways and Means chairmanship. That would be part of any plea bargain, and if he is indicted, it would be required by the rules of the House Democratic Caucus. Technically, if he is tried and acquitted, he could resume the chairmanship some years down the road. It seems likely, though, that Rostenkowski will resign even as an ordinary member of Congress, whether he cops a plea or has to start preparing, at the age of 66, for an almost certainly long and exhausting trial...
House Ways and Means chairman Dan Rostenkowski found himself in the midst of an intensifying maelstrom of speculation over whether he would accept a plea bargain -- and prison time -- in a federal corruption case. Democrats fear his departure from the key committee could leave health reform without a guiding hand...