Word: hills
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...fact that the financial regulatory-reform process is only beginning in Congress," warns a senior White House official, speaking about the political problems that huge paydays at Wall Street firms could create later this year, when new laws to regulate the industry will be written on Capitol Hill. Officials have also begun to worry aloud whether the Wall Street firms learned anything from the catastrophic financial crisis that was largely of their making or whether they are now returning to the old business of making short-term profits that create long-term risks...
From the outset, President Barack Obama's strategy on health-care reform has been to study everything the Clinton Administration did in 1993 and '94 - and do the opposite. Where Bill and Hillary Clinton delivered a byzantine bill of more than 1,300 pages to Capitol Hill, only to see it shredded once it got there, Obama has kept his distance from the fine print. He set forth a few ambitious goals: expanding coverage, reining in health-care spending, improving medical quality. And then he left it to Congress to develop a plan that could win the votes necessary...
...knowing I didn't have the authority, then filed the thought away in the event those circumstances ever changed. But I sure never considered informing Congress of the offer. If the CIA always raised a contingency like this with Congress, the agency would spend all its time on the Hill...
When Leon Panetta earlier this year was nominated as director of the CIA, the strongest argument in his favor was his long experience in dealing with Capitol Hill. With Democrats in Congress already sharpening their knives over the CIA's Bush-era policies and practices, the Agency would need protection - and Panetta, a veteran pol with contacts on both sides of the aisle but no real intel background, seemed the best possible shield...
...country's 400th anniversary, the Bermuda Department of Tourism is offering a $400 discount on stays of at least four nights at 15 participating hotels; the offer is good through August 21 for rooms booked by August 17. The Fairmont Southampton, a sumptuous resort on Bermuda's highest hill, has eligible deals, including a seven-night package with airfare from New York City (we found it on Bestfares.com) for $1,450 per person - a significant saving from the hotel's usual rate. Similar deals are available at other high-end properties, including Elbow Beach, the Fairmont Hamilton Princess and Coco...