Word: ratan
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...opponent, Sen. Bob Kerrey (D-Neb.), warned that such swift and massive deregulation would only strengthen telecommunications giants.TIME's Suneel Ratansays the bill constitutes a grand, laissez-faire experiment with a $700 billion industry. The result may be more choice and cheaper service, but of a different sort, says Ratan -- "like when shopping malls replace downtown stores: you have more choice, but it's the same choice in Dubuque or Peoria or Los Angeles...
...federally backed small-business loan. Stephen Smith, also a business partner of newly-indicted Arkansas Gov. Jim Guy Tucker , plea-bargained for a misdemeanor charge and promised to cooperate with Whitewater investigators. "Smith was a lot closer to Clinton that Jim Guy Tucker ever was," saysTIME Washington correspondent Suneel Ratan. Worse for Clinton, Ratan says, the Smith and Tucker indictments suggest that prosecutors find credence in the related story of Little Rock judge David Hale, who -- in the most damaging charge to date -- has accused the President of participating in a 1986 scheme to defraud the Small Business Administration...
...Reported by David S. Jackson/Redmond and Suneel Ratan/ Washington
...telecommunications lawsthat would allowlocal, long distance and cable companiesto get into each other's businesses. According to the Federal Communications Commission, cable customers have saved an average of $4 a month since rate regulation took effect in 1993. The full Commerce Committee will vote on the bill next week.Suneel Ratan, TIME Washington economics correspondent, says that while people will talk a lot about deregulation, he doubts it will become law. "You can get it out of committee, but you can never get on to the floor. In the end, everyone wants cheap cable rates...
...most of the abuse. Still, their creative use of the Medicare billing system has already cost more than $1.24 billion in the last two years. The new evidence of damage done by grifting doctors will only fuel GOP enthusiasm forreining in Medicare spending, notes TIME Washington economics correspondent Suneel Ratan. Possible GOP Medicare cuts could reach$300 billion...