Word: chairman
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Dates: during 1990-1999
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...line to them was the same: "Keep your powder dry." It was too early to ask for a commitment, but with those four words, the Bush team froze dozens of fund raisers and organizers in place so no other candidate could win them over. Robert Bennett, the Ohio party chairman, recalls the early feelers from Rove that summer. "They weren't ruling it in; they weren't ruling it out. But they were leaving the definite impression that they were--how shall I say this--heading for a presidential effort...
...optimistic, but a sign that high hopes weren't warranted had come in late 1983, when the First National Bank of Midland collapsed under the weight of bad loans. "We had a saying that year," says oilman Don Evans, now national finance chairman for Bush's exploratory committee: "'Stay alive till '85.'" But '85 was worse. Oil prices sagged, and investments dried up. By December, rumor had it that oil prices were about to plunge, and it happened right on schedule in January 1986. As prices cratered, those who had been using their oil reserves as collateral defaulted...
Alan Greenspan, party pooper, is back on the job. The morning after the Dow and NASDAQ each threw triple-digit shindigs over May?s sleeping-dog inflation number, the Fed chairman told Congress ?- and, of course, the intently listening markets ?- to keep the music down just a little bit. "When we can be preemptive, we should be, because modest preemptive actions can obviate the need of more drastic actions at a later date that could destabilize the economy," he told the Joint Economic Committee. Folks, that?s as clear as the man gets without actually saying it: The Fed will...
...only once. "A quarter-point hike, which is really nominal, has already been factored in anyway," says Baumohl. "All this talk about preemption means there won?t be a series of hikes. Greenspan is still ahead of the curve." The idea of a preventative tweak ?- and this chairman?s impeccable record says it?s worth a ton of cure ?- had the inflation-fearing bond markets jumping for joy and yields dropping like a stone. Wall Street isn?t going to grouse about the host watering down the monetary punch just a little bit ?- not if it means this nine-year...
...just another swipe at Clinton, though the official reason is "ethical baggage." Never mind that Holbrooke has been cleared of all wrongdoing in some conflict-of-interest confusion when he was freelancing as an administration envoy -- or that he deservedly enjoys broad bipartisan support in the Senate. As chairman of the Senate Foreign Relations Committee, the crotchety Helms is the bottleneck for all overseas nominations, and he promises a third-degree on everything from ethics to "this administration?s misguided policy of appeasing Slobodan Milosevic." The three-day swipe session begins today. But Clinton's bow-out may have ensured...