Word: dole
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When she formally announces her candidacy for the U.S. Senate this week from her home state of North Carolina, Elizabeth Dole will become the instant front runner. The most recent public poll, conducted earlier this month, showed her clobbering her most likely Democratic opponent, Clinton-era White House chief of staff Erskine Bowles, by a 47-point margin. Still, Dole's race for the seat being vacated by Jesse Helms may not be as easy as it once seemed. Democrats have put up TV ads blasting her for a Ken Lay-hosted fund raiser just nine days after Sept...
MORE STORIES Nation: Living in Bill's Shadow Notebook: 10 Questions for Bob Dole Science: Mission to Mars More Stories...
MORE STORIES Nation: Living in Bill's Shadow Notebook: 10 Questions for Bob Dole Science: Mission to Mars More Stories...
MORE STORIES Nation: Living in Bill's Shadow Notebook: 10 Questions for Bob Dole Science: Mission to Mars More Stories...
...called "creative destruction" the U.S. allowed in the 1990-91 recession and after the savings and loan collapse of 1988. Tokyo said it wanted to avoid layoffs, that companies would recover when the economy perked up. The real story is that Tokyo's instinctive reaction has been to dole out government contracts to construction companies and make banks provide cheap capital to keep retail empires going. (In January, the government backed a bailout of struggling Daiei Inc., a retailing giant that needs $3 billion from its main creditor banks to stay afloat.) This kind of propping up and bailing...