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...bond dealings by banks so far have proven they can properly manage market risks without endangering federally insured deposits. Greenspan praised committee chairman Jim Leach's (R-Iowa) plan to repeal major provisions of the Depression-era Glass Steagall Act, which bans banks from dealing in securities. Some banks have used a loophole to engage in limited securities underwriting since the late1980s. Leach, the Clinton Administration and Sen. Alfonse D'Amato (R-N.Y.) have put together somewhat similar proposals to reform banking regulations. Greenspan did not address the Clinton plan, but said he opposes D'Amato's proposal...
...remainders in the Republicans' feeble team of candidates, many are marked by public distaste. Against the creeping slime of Sen. Phil Gramm (R-Tex.) or the downright meanness of Sen. Bob Dole (R-Kans.), Clinton could paint himself as the nice guy, the family friend. Against vacuous Gov. Pete Wilson (R-Calif.) or inexperienced Gov. Christine Whitman (R-N.J.), Clinton could calmly dismantle their arguments in every debate. But who knows? As the president who lost Congress in 1994 and lost on health care, Clinton qualifies for `damaged goods' status...
Just as Governor Christine Todd Whitman (R-N.J.) did last month in her response to President Clinton's State of the Union Address, Weld alluded to the successes of many Republican governors, including Whitman, Wilson, John Engler (R-Mich.) and Tommy Thompson (R...
Senate Foreign Relations Committee chairman Jesse Helms (R-N.C.) was talking pretty tough today when he introduced a bill to tighten the U.S. embargo against Cuba and yank financial aid to any former Soviet country that helpsPresident Fidel Castro. Helms said he will not be satisfied until Castro is gone. "Let me be clear," the senator said, reverting to Cold War lingo. "Whether Castro leaves Cuba in a vertical or horizontal position is up to him and the Cuban people. But he must -- and will -- leave Cuba."TIME Miami bureau chief Cathy Boothreports that Helms gets many...
...Access Diagnostics and Johnson & Johnson are listed as contributors to the foundation. The amounts or dates of the contributions weren't disclosed by the foundation, but a spokesman said that an average gift in 1993-94 amounted to $17,625. In the other case, Gingrich and Rep. Cass Ballenger (R-N.C.) wrote FDA Commissioner David Kessler on July 22 to question why the agency had not approved a new drug made by Solvay Pharmaceuticals for obsessive compulsive disorder. The company is also one of the foundation's donors...