Word: bill
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...crop of female directors at this year’s Toronto Film Festival leaves the door open for progress (even if the event was exceptional enough to merit a New York Times article). But it’s time for America to take up the slack, too. The writer Bill Bryson once compared Canada to a sophisticated, black-turtleneck-clad woman in her mid-30s and America to a chubby preteen boy. Though he was being flippant, there’s a kernel of truth to that generalization. In America, 90 percent of directors are male?...
...even if comity rules, there are plenty of hurdles preventing Shelby, Dodd and the Treasury from coming together on a consensus bill. Dodd, facing a tough re-election battle in Connecticut, needs to please his base with a left-leaning bill, while staffers say Shelby has issues with the shape of the bill so far. The Senator doesn't like the Administration's proposed Consumer Financial Protection Agency, though he's willing to support enhanced protections of some sort. But he is firmly against an Administration proposal to let the Federal Reserve designate which financial institutions qualify as most important...
Still, Shelby has his reasons for wanting a bill to fix the financial sector, and they start with pride. "At 75 years old this is probably the last major thing he'll participate in," says one senior GOP Senate staffer. Democrats in the Administration and on Capitol Hill say they believe Shelby is negotiating in good faith. (Read "Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan...
...Democratic outreach to Shelby could signal a repeat of their credit-card-bill strategy. Some observers see Dodd and the Administration working to craft a bill close enough to Shelby's liking so that even if it gets rammed through the committee with Democratic base-pleasing measures he won't vote for, the bill can be reworked to gain his support on the Senate floor. That would give Dodd the political cover he needs for his 2010 re-election campaign, but would also give the Administration the Republican support they need for a solid legislative win. And it would give...
Threading that political needle - while trying to stitch together a complex reform bill on which the stability of the entire financial system depends - is a long shot. But at least everyone involved has a reason to make...