Word: firm
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Dates: during 1990-1999
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...Trent Lott and his Democratic counterpart, Tom Daschle, took turns assuring reporters they were doing their best to bring bipartisanship back from the brink in time for the trial. Both men were optimistic about a full Senate get-together Friday morning, but the sticking point still stuck -- Daschle held firm to his caucus's stand against witnesses, while Lott refused to rule them out. The "98 other senators" that Lott referred to so ominously will have a lot to talk about...
...lawyer, Robert A. Bertsche of the Boston firm Hill & Barlow, said he was particularly pleased by the thoroughness of Judge Fabricant's decision...
...young lawyer named Kenneth Starr stepped into an elevator in the Hyatt Regency hotel on Capitol Hill. A former clerk to Chief Justice Warren Burger, Starr was 33 and rising: he was helping to open a Washington office for a big California law firm. He was two years away from being named counselor to Ronald Reagan's Attorney General and four away from becoming one of the youngest judges ever to sit on the U.S. Court of Appeals. Starr had checked into the Hyatt to cram for the D.C. bar exam, but the National Governors' Association was meeting there...
...fund was founded in 1994 by John Meriwether, a former vice chairman of Salomon Brothers, and its partners included Nobel laureate economists Myron Scholes and Robert Merton, whose market models helped give Long Term Capital an aura of near infallibility. Until September, that is, when word leaked that the firm was in danger of suffering losses so catastrophic they could send the already troubled world financial system into a tailspin. A $3.6 billion rescue package was cobbled together by the Federal Reserve Bank of New York and a consortium of 14 U.S. and foreign lenders...
...golden days have not returned for the firm, where management must now report to an oversight committee. The original investors, relegated to a measly 10% share of the fund, have recovered only a sliver of their pre-August stakes. Meanwhile, the Securities and Exchange Commission is reportedly investigating whether Long Term Capital violated securities laws by withholding information on its financial health. Moreover, the entire debacle may prompt long-term changes in the hedge-fund industry: Treasury Secretary Robert Rubin is examining whether such funds should be more closely regulated. --Reported by Bernard Baumohl/New York...