Word: marc
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Dates: during 2000-2009
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...Marc Rich trades nearly every plant, mineral and fuel that can be taken from the earth and turned into profit. He does it on such a grand scale that his trades actually affect how much Americans pay for a slice of bread or a light bulb. "Some say he is the greatest trader since Moses made a deal to part the Red Sea," says biographer A. Craig Copetas, a Wall Street Journal reporter. When Clinton pardoned Rich last month, it was yet another deal--a business problem that took 18 years for Rich to solve...
...Marc Rich's lawyer, Jack Quinn, delivers a phone book-size pardon petition for Rich and his partner, Pincus Green, to White House counsel Beth Nolan. The petition includes more than 20 letters of support, including one from the mayor of Jerusalem and another from the maestro of the Israeli Philharmonic. (Rich's foundations have contributed some $200 million to Israeli and Jewish causes.) Nolan does not forward the petition to the Justice Department...
...eight years as President, Ronald Reagan and Bill Clinton each issued roughly 400 pardons. But in their final days, just 10 trickled out of Reagan's White House, while 177 flooded out of Clinton's. And Marc Rich's pardon isn't the only one that appalled federal prosecutors. While most of the 177 were for minor drug and fraud offenses, roughly a third raise serious questions. A TIME analysis of the pardon fever--the symptoms included well-connected lawyers and pols pulling strings, bypassing the Justice Department and sending petitions directly to the White House, often at the last...
Clinton knew just what he was doing when he pardoned supersleaze Marc Rich [NATION, Feb. 5]. It was a terrible confirmation of Clinton's sneakiness and ultimate lack of trustworthiness. In the end, it's all about Clinton. Maybe with his newfound free time Clinton can have a good, long sit-down with himself and see the price he's paid and why he inspires so much disgust. As for newly freed billionaire Rich, he would be well advised to hold off on his long-awaited dream to stroll down Fifth Avenue and "wave to his friends"; he should...
...Clinton's pardon of Marc Rich stinks, then how much greater is the stench of President Bush's proposed tax giveaway of $1.6 trillion, most of which will go to the wealthiest Americans? Bush's proposed tax cut is 32,000 times as great as Rich's $50 million tax swindle. In essence, Bush wants to save thousands of Marc Riches from the tiresome chore of having to cheat on their taxes. JOE HEAPHEY Greencastle...