Word: indexable
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They were so, so close. The Democrats slipped into the chamber to huddle with a visibly tense Daschle. Back in the L.B.J. Room, Thompson proffered one last piece to seal the deal: the G.O.P. had moved much further on the hard-money limits; if the Democrats would index the limits for inflation, they had a deal. Feinstein shot out of the room to take the offer to Daschle, and for a few final moments the Republicans waited. When the deal was done, Thompson grabbed his throat with both hands, mock-choking over the compromise he had struck...
...that it has united DeLay and top Democrats in opposition. Sources told TIME that Democratic leader Richard Gephardt complained that the increased hard-money limits directly to Daschle. He was especially angered by plans to tie the limits to the inflation rate. "If politicians make their special-interest money indexable for inflation," said a Democratic leadership aide, "they ought to index the minimum wage for working people...
...that it has united DeLay and top Democrats in opposition. Sources told TIME that Democratic leader Richard Gephardt complained about the increased hard-money limits directly to Daschle. He was especially angered by plans to tie the limits to the inflation rate. "If politicians make their special-interest money indexable for inflation," said a Democratic leadership aide, "they ought to index the minimum wage for working people...
...Conference Board reports Tuesday that its index of consumer confidence jumped to 117 in March from a revised 109.2 in February, topping expectations of a slide to 105. The big question: Why? TIME senior economics reporter Bernard Baumohl explains...
...Neill's holdings - in the neighborhood of 2.4 million shares of Alcoa stock and 3.8 million options to purchase same, as of the end of last year - will be converted into "index funds that are not subject to any question," he said. Asked when the sale would take place, O'Neill replied that "the financial people that take care of these kinds of things will pace it and figure out how to do it." Presumably he means the guys with the glowing green screens...