Word: midlands
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...support reflects disenchantment with the disarray and inertia that marked Bush's economic management. "A lot of Republicans felt that any number of things weren't being addressed by the Bush Administration and that we were drifting toward a depression," says Dwayne Andreas, chairman of agribusiness giant Archer Daniels Midland and a longtime G.O.P. stalwart. "People will be very patient with Clinton if he appears to be heading in the right direction," Andreas adds, "because it will take a lot of time to get the economy turned around and moving again...
...battle for control of Midland Bank has begun. Last week Lloyds Bank announced that it was considering making a $6.6 billion bid for Midland, Britain's third largest bank, besting the $5.8 billion offer made by Hong Kong-based HSBC Holdings. If the deal goes through, the Lloyds-Midland combo, with assets of $197 billion, will rank 18th in the world...
Along Highway 80 in West Texas between Midland and Odessa, giant drilling rigs sit rusting in the winter sun. Gas wells that dot the bleak mesquite- covered prairie lie shut down. Downtown Midland has the stark look of an evacuated city, with empty storefronts and vacant building lobbies...
Swiss Bank wasn't alone. Dozens of banks were left holding the bag. Among those with the heaviest exposure: Midland, Lloyds, National Westminister, Barclay's, Sumitomo Trust, Credit Lyonnais, Citicorp and Bankers Trust. While most banks were plain old gullible, some claim that they were duped. "We weren't wearing blinders," explains a banker. "But maybe we should start asking borrowers to take lie-detector tests...
...surcharge limited to those costing more than $250,000, which exempts virtually all of the ones built in his state. Dole has received at least $4,250 from the two manufacturers. Dole also got special treatment for an old friend -- Dwayne Andreas, president of the Archer-Daniels-Midland Co. ADM produces 70% of the country's ethanol, a gasoline substitute distilled from corn. The Senator protected an existing 60 cents-per-gal. tax credit that goes to the firms that turn the ethanol into the gasohol used in cars. Andreas and ADM's PAC have contributed $10,000 to Dole...