Word: lobbyists
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...Borer, a lawyer by training, is putting his talents to use in his new career as a Berlin-based investment banker and lobbyist. Swiss, the national airline that replaced the bankrupt Swissair, has just hired him as a consultant in a bid to revamp its image. An interesting choice, considering all that Borer has personally done to shake up his country's staid reputation...
...tank? But at a recent reception in a supporter's house in Atlanta, the strategy backfired on campaigning Republican Representative BOB BARR of Georgia. A National Rifle Association board member and gun-safety advocate, Barr was inspecting a 1908-model Colt .38-cal. pistol with his friend, lobbyist Bruce Widener, when the weapon discharged. Nobody was hurt, but Representative John Linder, Barr's opponent in the Republican primary for the state's Seventh District, found plenty of ammunition. At his next appearance with Barr, he joked, "I'm going to wear a bulletproof vest." "It's certainly not a joking...
WorldCom's misdeeds are so big and brazen--and investor confidence is so fragile--that politicians can no longer afford to treat the accumulating scandals as anomalies in an otherwise healthy system. "The tipping point has been reached," says lobbyist Kenneth Duberstein, who served as chief of staff for Ronald Reagan. When the Senate Banking Committee passed new accounting regulations on June 18, few thought the bill would get the 60 votes it needed to overcome an almost certain filibuster. But after the WorldCom scandal broke, Daschle announced that the bill would be the first order of business when...
...boost last month when a draft report leaked from the EPA's Denver office called the project, which doesn't need congressional approval, "environmentally unacceptable." Aware that such a harsh verdict could delay the project indefinitely, Deputy Secretary of the Interior J. Steven Griles, a former energy lobbyist, asked the EPA to reconsider. The agency's final evaluation is expected this week. But there is another roadblock: the Interior Department's own board of appeals has ruled that three leases in the basin were granted illegally because the environmental impact of drilling for methane had not been properly studied. Interior...
...Before celebrating, however, the corporate executives who pay the bills for well-connected lobbyists like Haley Barbour (former GOP chairman and head lobbyist for a new utility group) and Marc Racicot (current GOP Chairman and lobbyist for utilities, mining and timber companies) should ask whether they really want these particular prayers answered. To the degree that their hired guns succeed, these lobbyists may well pose a bigger threat to the fortunes of the businesses they ostensibly represent than any costs associated with protecting the environment...