Word: dealing
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Dates: during 1990-1999
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While former White House intern Monica Lewinsky makes headlines for her immunity deal with investigator Kenneth Starr, President Clinton and First Lady Hillary Rodham Clinton are planning to be guests at Steven Spielberg and Kate Capshaw's estate in the Hamptons this weekend. On their datebook: three Democratic fund-raisers that could net $1 million. On Friday it's a $25,000-a-couple dinner at the home of investment banker Bruce Wasserstein. On Saturday: First, it's a $5,000-a-plate event hosted by composer Jonathan Sheffer and Dr. Christopher Barley, followed by a bash hosted by Alec...
WASHINGTON: What's in a deal? This much we know: Monica Lewinsky has transactional, or full, immunity from prosecution. That sweeping agreement suggests that the former White House intern may be offering Ken Starr a great deal of useful information. Her mother, Marcia Lewis, has the same protection. Such maneuvering of his main pieces means the independent counsel is reaching the endgame of his investigation. "Starr is moving quickly to bring his star witnesses on stage, Monica and the President," says TIME Washington bureau chief Michael Duffy...
WASHINGTON: It sounds like the greatest deal in the history of good deals: If our product doesn't work, we'll pay you $75 million. But when the product is a Star Wars-style missile defense system and the customer is the U.S. Army, that's a different story. Missile manufacturer Lockheed Martin is supposed to be developing a $15 billion defense network known as THAAD (Theater High Altitude Area Defense) capable of shielding U.S. troops from enemy rocket attack; the Army wanted it by 2006. But so far Lockheed's score is 0 for 5 tests -- and with each...
...million -- and that's cheap. Like two Dobermans at a single slab of steak, German automakers BMW and Volkswagen AG have completed the tearing apart of the revered luxury car line: Volkswagen gets Bentley, and BMW gets Rolls-Royce -- or at least the name Rolls-Royce. Under the deal (finalized after Volkswagen tried and failed to acquire the name itself), BMW will build its own factory by 2002 to produce the cars. Volkswagen will get to use the Rolls name for free until then, after which it inherit the old Rolls-Royce factory, where it will make Bentleys...
...improvement in productivity there." In return, the union will settle the festering disputes at three other locations not on strike -- and Szczesny thinks GM may have won more than the union announced Tuesday. "There should be more back end for GM coming out soon" as details of the deal emerge over the next few days, he says. No matter how it did, the world's largest carmaker can't get back to making cars until the deal works its way through the pipeline of union members -- and the next few days are going to seem like an eternity...