Word: chairmanning
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...chairman of the Senate Banking Committee from 1995 through 2000, Gramm was Washington's most prominent and outspoken champion of financial deregulation. He played the leading role in writing and pushing through Congress the 1999 repeal of the Depression-era Glass-Steagall Act that separated commercial banks from Wall Street, and he inserted a key provision into the 2000 Commodity Futures Modernization Act that exempted over-the-counter derivatives such as credit-default swaps from regulation by the Commodity Futures Trading Commission (CFTC). (See who's to blame for the current financial crisis...
...American Enterprise Institute, a right-leaning think tank, invited Gramm in Friday to make his case and take some questions. The crowd was heavy on the conservative Washington notables - Cato Institute chairman emeritus William Niskanen, McCain campaign talking head Nancy Pfotenhauer and Iraq War architect Paul Wolfowitz were three that I recognized. But rabble off the street were welcome as well. (Read a critique of Phil Gramm's explanation of the financial crisis...
...Ronald Crystal, chairman of the department of genetic medicine at New York-Presbyterian Hospital/Weill Cornell Medical College, knows those stakes all too well. He is a veteran of the last revolution in medical technology, gene therapy, which, after some hyped expectations in the 1990s, fell into disfavor after some unsuccessful trials. Crystal is cautiously optimistic about the potential for this trial to open the door to future stem-cell therapies. "I think this is a very positive start, but the expectations and hype I see around stem-cell therapies are the same that I saw around gene therapy. We just...
USCAP called for a 42% reduction in U.S. carbon emissions by 2030 from 2005 levels, along with subsidies for coal plants that can capture CO2 and a market board to administer carbon offsets. And on Jan. 15, the leaders of USCAP - including GE head Jeffrey Immelt and DuPont chairman Charles Holliday - visited Capitol Hill to pitch their carbon-cutting blueprint. With Bush out of the way, it almost seemed likely. (See TIME's "Innovators of Renewable Energy...
...peak, that fortune was believed to be around $3 billion, amassed after Lebedev abandoned espionage in 1992 in favor of a more lucrative occupation as a businessman. Lebedev became chairman of Russia's National Reserve Bank and acquired a substantial stake in Russian national carrier, Aeroflot. The smoothest path to prosperity in Russia is to court the political establishment, not to challenge it, but Lebedev has not shied away from political activism. In September 2008 he joined forces with former Soviet leader Mikhail Gorbachev to found an opposition movement called the Independent Democratic Party of Russia. In partnership with Gorbachev...