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...reception thrown by Nancy Pelosi at the Capitol a week after the Democrats prevailed in congressional elections was a party some power players had been waiting more than a decade to attend. The fête was for newly elected freshmen lawmakers, but Pelosi's invited guests included big-name Democratic lobbyists like Jack Quinn, Tony Podesta and Steve Elmendorf. Said a partygoer: "I thought to myself, they're all back, all the same old faces. It was just like old times...

Author: /time Magazine | Title: When the Democrats Take Back K Street | 11/26/2006 | See Source »

Confronted with this evolving landscape, hedge funds have had to grow up. You can see it in the way managers trek to Washington for Capitol Hill meet-and-greets. You can see it in the way big-name banks like Morgan Stanley and Citigroup poach existing shops and expand their hedge-fund practices. You can see it in the run-up of bloated, billion-dollar-plus firms. You can see it in how hedgies talk about their industry as if it is an industry, and not an unrelated mishmash of investment strategies...

Author: /time Magazine | Title: Hello, Hedge Funds | 11/26/2006 | See Source »

...WASHINGTON - Dinner at swish American bistro CityZen - Private sushi and sake tasting at Café Mozu - Private tour of the National Gallery of Art - A commemorative U.S. flag that flew over the Capitol - Guided limousine tour of the city's landmarks (with bubbly) - Tickets to a Kennedy Center performance or a Verizon Center sports event

Author: /time Magazine | Title: Spender Bender | 11/23/2006 | See Source »

...Hastings was elected to Congress in 1992, but his first big moment on Capitol Hill came three years before that. Appointed as a federal judge in Florida in 1979, Hastings had been acquitted in a 1983 criminal trial on charges of soliciting a $150,000 bribe two years earlier in a deal to provide favorable treatment for defendants in a racketeering case before him. Despite his being legally cleared, Congress determined that the evidence against Hastings was still powerful enough to remove him from the bench, which the Senate voted to do in 1989 - even though Senators Arlen Specter...

Author: /time Magazine | Title: Pelosi's Next Big Call | 11/22/2006 | See Source »

...Hastings was elected to Congress in 1992, but his first big moment on Capitol Hill came three years before that. Appointed as a federal judge in Florida in 1979, Hastings had been acquitted in a 1983 criminal trial on charges of soliciting a $150,000 bribe two years earlier in a deal to provide favorable treatment for defendants in a racketeering case before him. Despite his being legally cleared, Congress determined that the evidence against Hastings was still powerful enough to remove him from the bench, which the Senate voted to do in 1989 - even though Senators Arlen Specter...

Author: /time Magazine | Title: Pelosi's Next Big Call | 11/21/2006 | See Source »

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