Word: beltway
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...President Bush?s first term, Rice seemed to be one of those policy wonks with what Beltway insiders might call a ?passion for anonymity.? Now, as Secretary of State, she seems to be enjoying commanding the stage-and sometimes directing the other players...
...game with fostering their love of statistics. Bernanke, who as a youth developed a dice-based baseball game, loves the work of Bill James, the baseball statistician known for focusing on obscure data to evaluate talent. Both have adopted the Washington Nationals. But their deep loyalties reach beyond the Beltway--to two teams with frustrating histories. Greenspan is a New York Mets fan; Bernanke pulls for the Boston Red Sox. No doubt, more frustrations await Bernanke as he learns to mold the economy. But if he sticks to his numbers, he should do fine...
...Sometimes CNOOC's high-paid bankers were no more helpful than its Beltway advisers. Two principal lines of attack for Chevron's allies were that the CNOOC bid was effectively subsidized by sweetheart loans from the government, and that there was no "level playing field"?that is to say, a U.S. energy company could not acquire one of its competitors in China. Both points were, in fact, true. But earlier this summer leaks began appearing in the financial press?and word was spread around Washington?that there wasn't "one dime of [Chinese] government money" involved in the deal...
...Obscured by the political hysteria is the fact that, according to U.S. Securities and Exchange Commission (SEC) documents seen by TIME, CNOOC, not Chevron, was actually Unocal's first choice as a merger partner. Some beltway politicians would paint CNOOC, which is 70% state-owned, as an arm of a Communist government out to strip the U.S. of vital energy supplies. TIME's reporting on the genesis of CNOOC's Unocal bid?dubbed "Operation Treasure Ship" by the Chinese company's investment bankers?reveals a far more complicated reality. CNOOC is a flagship Chinese firm determined to emerge...
After graduating from HLS, Roberts headed inside the beltway. He clerked for William H. Rehnquist, who was an Associate Justice of the Supreme Court at the time. Following his clerkship, Roberts went on to work in the offices of the Attorney General and the White House Counsel. He also served as Principal Deputy Solicitor General under Kenneth W. Starr in the first Bush Administration...