Word: congress
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Dates: during 1990-1999
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...Congress, meanwhile, blocks Pentagon efforts to close unneeded military bases, with the result that of every Pentagon dollar, the portion earmarked for bases, housing and other nonfighting assets remains near 60[cents]. The average lawmaker feels that is a small price to pay to ensure his or her re-election. And the President is more desperate than usual to keep Congressmen happy. None of this, of course, is lost on the Joint Chiefs. And you've got to give them credit: they know when to strike...
Last week's rescue was particularly embarrassing for Fed Chairman Alan Greenspan, who just two weeks ago assured Congress that hedge funds "are strongly regulated by those who lend the money. They are not technically regulated in the sense that banks are, but they are under fairly significant degrees of surveillance." On the other hand, Treasury Secretary Robert Rubin, a former co-chairman of Goldman Sachs, had put out a word of caution, saying that "people who extend credit tend to get a little less careful" in good times...
Last year Congress passed a moratorium, aimed at the Star, protecting New England from factory trawlers until regional commissions can draw up regulations for their own areas. Meanwhile the Star's owners, rebuffed in Gloucester, are lobbying to operate from Maine. Greenpeace and many other groups contend that trawlers are too efficient and too wasteful. They contribute to overfishing by catching everything in a gigantic swath. A problem with this is "by-catch," undersize fish or unwanted species that go back over the side, dead...
...What this does," Dorry says, "is institutionalize factory fishing, not ban it. What it doesn't do is deal with overfishing." She is silent for a moment. Then: "No. No, the bus tour wasn't wasted. At least more people know there's a problem. The fight is in Congress now. It's winnable. We're going after them...
...President as a segregationist and who in 1957 conducted a record-busting filibuster against a civil rights bill, was not always so Mandela friendly. In 1985 he voted against imposing economic sanctions on South Africa's apartheid regime and for a provision declaring Mandela's African National Congress a terrorist group; in 1986 he voted against sanctions again and backed an unsuccessful Reagan veto of the measures. But that was before Mandela got out of jail...