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...will win the coming battle between reformers and revanchists? The market is betting against reform. Demand for anyone with access to powerful Democrats on the Hill is soaring. Lobbyists who couldn't get a meeting are suddenly a hot commodity. "I've gotten a lot of calls from headhunters in the last two months," says Florence Prioleau, a lobbyist who has maintained close ties with her former boss, New York's Charles Rangel, incoming chairman of the Ways and Means Committee. Pelosi's former chief of staff, George Crawford, has just been hired by Amgen, a biotech company, to represent...

Author: /time Magazine | Title: When the Democrats Take Back K Street | 11/26/2006 | See Source »

...MATTERS HOW HE'LL PLAY IT Henry Paulson Jr. The Treasury Secretary and Bush's Social Security front man raised eyebrows last week by saying he would set "no preconditions" on the Administration's push to reform. Paulson's statement hinted that the President is backing off his demand that workers be allowed to invest some of the payroll taxes levied for Social Security in private accounts. Max Baucus A Montana Democrat and the incoming chairman of the Senate Finance Committee, he has declared he wants to hold hearings on Social Security's shaky health. Baucus believes private Social Security...

Author: /time Magazine | Title: Social Insecurity | 11/26/2006 | See Source »

These new investors also demand details about who is managing their money. "What has been a wake-up call for them is that communication is very much a key part in being able to attract and retain this level of assets," says Rupert Allan, president of Tremont Capital Management, which creates and manages portfolios that invest in other hedge funds...

Author: /time Magazine | Title: Hello, Hedge Funds | 11/26/2006 | See Source »

...Noirs caught the attention of American wine guru Robert Parker, who lists Egly-Ouriet, tel: (33-326) 57 00 70, as one of the top Champagne houses. Like Anselme Selosse of Jacques Selosse, tel: (33-326) 57 53 56, in Avize, Egly is struggling to keep up with demand; he only produces 100,000 bottles a year. Making Champagne, he says, "is a personal business." We'll drink to that...

Author: /time Magazine | Title: Small Sips | 11/23/2006 | See Source »

...Hizballah and the pro-Syrian opposition have promised mass demonstrations and strikes, perhaps as early as Thursday, to press their demand for the government's resignation and replacement by a cabinet in which they have greater representation. The government's supporters have promised counter demonstrations. Now, the death of Gemayel raises the prospect of a confrontation between the two sides. Already, supporters of Gemayel have rioted in the streets around the hospital that contains his remains...

Author: /time Magazine | Title: Gemayel Murder Portends New Bloodshed in Lebanon | 11/21/2006 | See Source »

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