Word: gramm
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There's more to this than the usual tale of corporate rivalry. GE, after all, is no ordinary American company, and Welch--the great hero of modern American capitalism--is no ordinary boss. Since he declared the commission's conditions unacceptable, three Senators--Republican Phil Gramm and Democrats John D. Rockefeller and Ernest Hollings--have expressed concern to the Europeans. Hollings, new chairman of the Senate Commerce Committee, said the developments supported those who think the E.C. seeks to "protect and promote European industry at the expense of its U.S. competitors," and warned that "denial of a merger...would undermine...
...hope for an outcome resembling victory: This week, the Senate defeated (by a vote of 56-43) a Republican-sponsored amendment to eliminate employer liability in health care lawsuits. "They concluded that the benefits of letting people sue the employer were much smaller than the potential cost," sponsor Phil Gramm said after the vote. The Senate also defeated (61-39) a move by Iowa's Charles Grassley to send the Democrats' bill back to committee (a classic stall tactic...
...president also has to tend to conservative members in his own party. Republican senators are drafting dozens of amendments to pick apart the Democrats' measure. "It's going to be hit by armor-piercing incendiaries," vows GOP conservative Phil Gramm. White House aides laugh at Gramm's colorful opposition, but conservatives are angry about a series of administration apostasies on education, taxes and defense. There is no great rush to give Dashcle his first victory. But the White House knows that passage may mean fighting through a filibuster threat from members of its own party...
...Banking, Housing and Urban Affairs GOP chair: Phil Gramm, Texas Democratic chair: Paul Sarbanes, Maryland Effect of change: Sarbanes? quiet style means less publicity for committee and his distaste for financial mega-institutions could mean fewer mergers...
...Zell Miller, a conservative maverick Democrat from Georgia, has been courted by Republicans practically from the day he was sworn in last January. Texas Republican Sen. Phil Gramm got Miller to sign onto George W. Bush's mega-tax cut, and, ever since, Gramm has been trying to sweet talk Miller into becoming a Republican. Press speculation became white hot several weeks ago that Miller was about to jump ship. The speculators apparently were ahead of Miller, who adamantly denies he was mulling a switch. "I don't want to talk about it!" Miller barked when I cornered him with...