Word: chairmen
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...commission's co-chairmen, former New York Democratic Sen. Daniel Patrick Moynihan and AOL-Time Warner executive Richard Parsons, painted a dire picture in their draft report. Unless repaired, Social Security will need tax increases or "massive" deficit spending by Congress to keep it afloat, their report warns. By 2020, Social Security's shortfall will equal the combined budgets of Head Start, the Women, Infants and Children nutrition program, the Environmental Protection Agency, plus the Education and Commerce departments. Baby boomers will be shortchanged. Women, minorities and the poor will suffer...
...things get out of hand, it may also mean a trade war between the U.S. and Europe to replace the banana-themed skirmish the two regions just settled. U.S. senators Phil Gramm (R-Tx.), Ernest Hollings (D-S.C.) and John D. Rockefeller (D-W.Va.) - the latter two new chairmen of influential Senate committees - accused EU regulators of protectionism and warned of a possible "chilling effect" on trans-Atlantic relations...
...analysis of a merger. The E.C.'s investigative and decision-making functions should be separated, as they are in the American system. Most important, global businesses need global-competition rules--and a global body to enforce them. That, however, would diminish the power of U.S. officials, including chairmen of Senate committees. So don't bet a chowder dinner...
...April, internal House polls showed the Republicans 3 points behind the Democrats on the question of which party could be trusted more on energy issues. Two weeks ago, they'd fallen to 15 points behind. Republicans fear that will only get worse as Lieberman and two other committee chairmen convene hearings on Bush's energy policies--and his friends in the industry. Both state and federal authorities are probing allegations of market manipulation by a variety of power generators and pipeline operators...
...Ohio's legislature neared its first round of forced retirements last year, 13 of 39 term-limited representatives quit to take jobs in the private sector or in Governor Bob Taft's administration. House speaker Jo Ann Davidson, term-limited herself, had to appoint three finance chairmen in a single year. "You have to run an ongoing orientation throughout the session," she says...