Word: clouts
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...ability to list more private companies, reversing this tradition of governmental favoritism. Likewise, Shang must also allow listed state companies to sell more of their shares to the public, giving regular investors greater influence over how those companies are run. However, making these changes happen will require political clout, says Joe Studwell, editor of the China Economic Quarterly, "and it seems Shang just doesn't have...
...more accurate to say that Dick Cheney is plenty ambitious, just not the way everyone assumes. Cheney knows that his not wanting power for himself allows Bush to give it to him. Bush put Cheney in charge of his transition because it sent an instant signal about Cheney's clout: "I want Dick to build up some political capital," Bush would say, "so he can go up to Capitol Hill and spend it." Ambitious lawmakers who may run one day themselves did not see Cheney as a rival. The Vice President sat at the Senate's G.O.P. policy lunches, taking...
...ballot initiatives. This combination has helped create the out-of-control world of Indian gaming, a world where the leaders of newly wealthy tribes have so much political power that they can flout the rights of neighboring communities, poorer tribes and even some of their own members. Their political clout also helps them protect a chaotic gaming system that has served them well, one that is characterized by overburdened and underfunded watchdog agencies, a mishmash of regulations and a lack of financial accountability. As a result, Washington often ignores the needs of Native Americans in distress while assisting those...
...tribe does have friends with clout and deep pockets. A group of wealthy investors headed by Roy Palmer, a feisty onetime Chicago lawyer, has optioned the 67-acre tract in West Sacramento on behalf of the tribe and is footing the bill for trying to secure government approval for a reservation and casino. Palmer and two fellow Floridians, Robert Roskamp and Philip Kaltenbacher, onetime chairman of the New Jersey State Republican Party, formed a company called SRQ Inc. to develop and manage the casino. They envision it as a glitzy Las Vegas--style resort complex designed to replicate the state...
...Indian financial godfathers, are regrouping to benefit from the gaming windfall. Others are seeking new reservations--some in areas where they never lived, occasionally even in other states--solely to build a casino. And leaders of small, newly wealthy tribes now have so much unregulated cash and political clout that they can ride roughshod over neighboring communities, poorer tribes and even their own members...