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Lott is trying to outmaneuver McCain, perhaps by pre-empting his bill with one that Hagel has crafted--a rival measure that conservative Republicans find more palatable. Instead of an outright ban, Hagel's measure would put a cap of $60,000 on the soft-money contributions a business, union, pac or individual could make in any year. The Nebraska Senator says he's having "serious discussions" with Bush aides on fine-tuning the measure so the new President might back it. McCain could also be derailed with a little presidential pressure. Some of the G.O.P. Senators supporting his bill...
Many blame California's woes on the profit-mongering generators themselves, for colluding to drive up the price of electricity, a charge they vehemently deny. The Federal Government, which recently forced generators to keep selling power to the utilities despite their precarious balance sheet, could impose a wholesale-price cap. But that might discourage much-needed investment in new plants and transmission lines. California might allow the utilities to raise cash by issuing bonds that customers would pay for over time, or form its own power authority to build new plants...
Mutual funds are especially helpful in gaining exposure to stocks in other countries, and when reaching down to smaller, less understood companies. Exposure to both areas is a good way to further diversify and reduce risk. Small-cap stocks have outperformed large caps this year. And they can help you even overseas. A recent study by Kirk Butler, a finance professor at Michigan State University, finds that especially in down markets, the fortunes of multinationals across the globe tend to move together. That's because they all sell their stuff everywhere. That's less true of small companies, though, which...
Soderbergh reluctantly hung up his baseball cap. He had another gift, however, and that was about to blossom. By the time he was in high school, Soderbergh was taking classes in the film department of Louisiana State University (where his father taught education). But when it came time to enroll in college, he opted instead for on-the-job training, editing pieces for the wacky 1980s TV show Games People Play as well as making his own short films and a Yes concert film. In 1989 he released his first feature, and the movie gods smiled...
Soderbergh is back to wearing a baseball cap. It's a standard fashion accessory among those in his profession, but unlike so many other movie directors, Soderbergh is refreshingly short on bravado. He followed sex, lies, and videotape with 1991's dark, cerebral and generally panned Kafka because "I wanted to push myself a little bit," then adapted and directed A.E. Hotchner's memoir, King of the Hill, a beautiful coming-of-age movie about a boy on his own during the Depression. "I wanted to get better at working with actors," says Soderbergh, "and thought kids would...