Word: democratically
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Dates: during 1980-1989
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...Administration's reluctance to offer companies protection against takeovers may be tested in the new Democrat-controlled Congress. A number of suggestions for legislative reform are already beginning to percolate. Felix Rohatyn, a partner in the New York City investment-banking firm of Lazard Freres and a longtime critic of the stock market's speculative excesses, has proposed a sharp limit on the right of Government-insured pension funds, thrift institutions and trusts to invest in junk bonds. He suggests that takeover bids that are conditional on anticipated junk-bond financing be forbidden as an unfair manipulation of public markets...
...James Goldsmith, 53, the Anglo-French raider, abruptly ended his 2 1/2- week siege of Goodyear Tire & Rubber, the Akron manufacturer, after being grilled before the House Subcommittee on Monopolies and Commercial Law in Washington. "My question is: Who the hell are you?" said Ohio Democrat John Seiberling, whose family founded Goodyear. Goldsmith's sharp retort was that he represented the "rough, tough world of competition . . . a world in which you run a business as a business and not as an institution." But the aggressive tycoon, who owned 11.5% of Goodyear's stock and had offered $4.7 billion...
...briefing, in fact, led to an additional accusation against the Administration. On Thursday, Representative Jim Wright, who will become Speaker when the newly elected Congress meets, went to the White House to hear from National Security Adviser John Poindexter. Afterward the Texas Democrat told reporters that Iran had purchased 2,008 TOW antitank missiles and 235 "battery assemblies" for Hawk antiaircraft missiles from the U.S.; he later put the price at $12 million. The number of TOWs would be double the figure cited by a reporter at Reagan's news conference and not corrected by the President. The disclosure also...
Backtracking from the barbs he had been aiming at Senate Minority Leader Robert Byrd, Louisiana Democrat J. Bennett Johnston last week abandoned his five-month effort to replace the silver-haired West Virginian as the party's Senate floor chief. "The reason I'm withdrawing is that I don't think I have the votes," said Johnston. In January Byrd will reclaim the post of majority leader, which he lost when the G.O.P. took control of the Senate in 1981. Scorned for his untelegenic image, Byrd, 69, beat Johnston's challenge through old-fashioned cloakroom influence. As Johnston...
Many gubernatorial races were influenced more by special circumstances than by shifting party loyalties. Texas Republican Bill Clements won back his office from Mark White, the Democrat who had defeated him four years ago. Texas, moreover, suffers heavily from depressed oil prices, and White had the courage -- some might say the foolhardiness -- to raise taxes twice in an attempt to keep his state solvent. Alabama's Democrats went through such a bloodletting to determine the winner of their primary that Republican Guy Hunt benefited from the fratricide...