Word: chairmanships
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...serious business of the Republican Convention was Big Business. Nowhere was that more apparent than in the face-off between two powerful House members vying for chairmanship of the committee that corporate America cares most about--the House Commerce Committee...
...rivalry between the two lawmakers dates back to 1995, when Tauzin, then a Democrat, switched parties and was rewarded with the chairmanship of a key subcommittee--though not before an angry Oxley, whose seniority was being usurped, weighed in and forced House Speaker Newt Gingrich to split the subcommittee in two. Now Oxley oversees the financial industry and hazardous-waste issues, and Tauzin looks after telecommunications and trade...
...most successful, nerves-of-steel bond traders in Wall Street history. A Phi Beta Kappa graduate of the University of Illinois and a former Marine, he worked his way through the University of Chicago's business school and up the ladder at Goldman. Although he lost his co-chairmanship of the firm in a complicated power struggle, he made no blood enemies. Flashy he's not. He has no private jet, no trophy wife. He's been married for 31 years to his kindergarten sweetheart and has three kids. He's given away millions to minority students and the arts...
Another concern for Clinton is that Germany might be tempted to use the IMF chairmanship to deal with some of its own financial woes. "Germany is the central bank for the Euro, which has just dropped below the dollar," notes TIME international affairs correspondent William Dowell, referring to the E.U. currency, which was introduced in 1998 with a value greater than $1. "There's concern in Washington that a German-run IMF will put pressure on the U.S. economy to help build up the Euro. So a lot of people in the E.U. say this is an attempt to make...
...foreign affairs and the military, McCain is an acknowledged expert, and his chairmanship of the Senate Commerce Committee has taught him about the mysteries of the information economy. But on most other issues, he's paper thin; he can give you a position but not its underpinnings. He puts his faith in experts and asks voters to as well. "We need to get the smartest minds together to help work this out," he says about too many issues: William Bennett on drug policy, Lindsey Graham on health care, John Breaux on Medicare. Out of all the domestic issues that...