Word: cranston
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...taxed as ordinary income. Doing away with the capital-gains break could hurt entrepreneurial companies like Silicon Valley's electronics upstarts, which depend on venture-capital financing. Reason: those potential backers would lose an important incentive if their profits were taxed at a higher rate. Says California Senator Alan Cranston, who plans to fight the committee's change: "It would put a tremendous obstacle in the path of the innovative young men and women who can create the technologies of the future...
...lobby. Even so, many lawmakers were fearful of supporting a measure that might offend Jewish voters in an election year and wanted to punish the Saudis for what legislators view as unfriendly acts, including muted criticism of the U.S. for its bombing raid on Libya. Said California Democrat Alan Cranston, who led the campaign in the Senate against the missile sale: "We should send the Saudis a signal that our friendship entails certain minimal obligations...
That is probably just as well, because the voters' hands and babies would be exhausted by the crowd of 13 candidates running in California's June 3 Republican primary for the Senate seat now held by Democrat Alan Cranston, 71. The candidates are wildly diverse, ranging from Zschau, a millionaire Silicon Valley Congressman, to Eldridge Cleaver, the former Black Panther leader; from right-wing TV Commentator Bruce Herschensohn to Supply-Side Economist Arthur Laffer to indicted-then-unindicted Congresswoman Bobbi Fiedler...
...Herschensohn's foreign policy acumen is often praised, lately by former President Nixon, who starred at a fund raiser for him in Newport Beach. Herschensohn commands the allegiance of many hawkish Republicans, but G.O.P. pros fear that he is the sort of somewhat scary hard-liner whom the incumbent Cranston has trounced in three straight Senate elections...
...Senator Alan Cranston...