Word: opic
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...House floor. Indeed, the committee got a taste of the battles to come last Friday, when the House killed the committee's funding for the Army museum -- a move that Livingston called "penny-wise and pound-foolish and meanspirited." This week G.O.P. freshmen will lead a fight to undo OPIC...
...killing was the Overseas Private Investment Corp., a $34 million-a-year agency venture that promotes exports to countries where U.S. businesses have been reluctant to operate. The Republican House formally endorsed its demise in foreign-aid legislation as well. How did the appropriators respond? By more than doubling opic's budget. The Budget Committee also recommended doing away with the Energy Department entirely. But if the energy subcommittee gets its way, the department will be cut by a mere 6% next year, or $940 million...
...claims that he Antitrust Division has madein this case are my-opic and misguided. They'rebased on a one-size-fits-all approach under theantitrust laws to police commercial competition,"Scott said...
...loan that Hull and a handful of partners received in 1983 from the U.S. Overseas Private Investment Corp., purportedly to revamp a sawmill. The owner of the mill, Rancher William Crone, testified that almost none of the $375,000 was used for its designated purpose. Embarrassed opic officials conceded that collateral for the loan was valueless and said they had asked the Justice Department for a fraud investigation. Senate probers suspect the money was used to finance some of the covert operations that North described during the Iran-contra hearings...
...labor leaders argue that the agency exports American jobs overseas, even though OPIC contends that it is a creator of employment by encouraging U.S. exports. null biggest problem, though, might be confusion with that other organization. Said one Haitian businessman: "OPIC? OPEC? I thought it was the oil cartel, but we soon learned they weren't throwing money around like the Arabs...