Word: metzenbaum
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...profits for 1990's fourth quarter, reported by the Energy Department last week. Thanks mostly to a brief rise in the price of crude to a high of $40, those earnings rose 77% above 1989's level. "We are protecting their oil with American boys," complains Senator Howard Metzenbaum, the Ohio Democrat who introduced a bill earlier this month calling for a surtax on the profits of the largest companies. "As quick as Saddam raised his sword, the oil companies raised their prices...
...skyrocketed following Iraq's invasion of Kuwait and the ensuing run-up of petroleum prices. The firms included Chevron, which last week reported earnings of $633 million for the fourth quarter of 1990, an eightfold increase over the final quarter of the previous year. After such reports, Democrats Howard Metzenbaum of Ohio and Joseph Lieberman of Connecticut introduced a Senate bill for a windfall- profits tax on Big Oil to help...
Antitrust accusations have dogged the firms for months. In a congressional hearing last May, Senator Howard Metzenbaum of Ohio denounced the price increases and their "devastating" impact on government programs that buy infant formula for low-income families. Metzenbaum's hearing spurred a still active investigation by the Federal Trade Commission. The companies deny that any conspiracy took place...
...things, the bill should stop a plethora of misleading disease- prevention claims on foods ranging from oat-bran doughnuts and cereals to cholesterol-free peanut butter and "lite" desserts. "For too long consumers who want a healthier diet have been besieged by inaccurate nutrition claims," said Ohio Democrat Howard Metzenbaum, the bill's chief sponsor in the Senate. Now, he added, "a bold health claim on the front of the package won't be contradicted by the fine print on the back...
...Membership in a discriminatory club raises serious questions about a nominee's personal commitment to discrimination," Metzenbaum wrote, warning aspiring judges that they have "either got to resign from any discriminatory club or start changing the club's policies...