Word: liebermanically
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Dates: during 2000-2009
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...billion? Answer: the assets of some 3.8 million current and former federal employees, everyone from letter carriers to U.S. Senators, whose retirement funds are socked away in the Thrift Savings Plan (TSP), one of the largest and fastest-growing 401(k)-style funds in the U.S. If Senator Joseph Lieberman of Connecticut has his way, the TSP will soon radically alter the way it picks some of its stocks. Lieberman told TIME he will introduce legislation to give all TSP participants the option to disinvest in companies that do business in or with countries labeled by the U.S. as state...
...Lieberman's initiative will add momentum to an antiterrorism bandwagon that has already started to roll. Last month, FTSE, a big provider of indexes, and the Conflict Securities Advisory Group (CSAG), a research consultant, launched a "terror free" index that excludes assets for some 400 foreign firms that operate in terrorism-supporting countries. Northern Trust, a huge fund manager that caters to both individuals and institutions, will soon roll out investment products based on that index. A source familiar with the naughty list says both ABB, a Swiss engineering giant that does business in Iran, and the China National Petroleum...
...When Lieberman-Warner reaches the Senate floor, probably in June, the talk has to get serious. Clinton voted for the bill in committee, but may abandon the bill if it moves to the right in search of votes. (The bill's champion, Senate Environment Committee chairman Barbara Boxer, has vowed not to let that happen.) McCain hasn't embraced the bill, even though he has a real record on the issue. He and Lieberman sponsored cap-and-trade bills in 2003, 2005 and early 2007, when most Senators were missing in action. During the primary, he downplayed that history...
...original version of this article incorrectly stated that Senators Hillary Clinton and Barack Obama are co-sponsors of a cap-and-trade environmental bill being sponsored by Senators Joseph Lieberman and John Warner. Neither Clinton nor Obama is co-sponsoring the legislation, though Clinton did vote for the bill in committee. Also, the story originally stated that 25 U.S. states get a quarter or more of their electricity from coal. While true, that statistic understates America's coal dependence: those 25 states get half or more of their electricity from coal...
...global warming, for instance, he and Senator Joe Lieberman introduced a cap-and-trade system to limit carbon emissions 60% below 1990 levels by 2050. McCain's recent body language indicates he would not be nearly as comprehensive as the Democrats; he probably would not, for example, auction off the right to pollute for major corporate spewers - which could raise significant funds for alternative-energy research. But the old McCain-Lieberman plan had the look of a half-a-loaf compromise that could eventually get through Congress - and take the global-warming issue off the table in the election...