Word: schwartz
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Dates: during 1990-1999
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...request landed on Clinton's desk. The State Department supported the waiver, arguing that it would promote trade with China and enhance America's position as the world telecommunications leader. But Clinton knew that Loral's technology transfer was under investigation. He also knew that Loral's chairman, Bernard Schwartz, was the largest individual donor to the D.N.C. in 1996, responsible for more than $600,000 in soft-money donations. Clinton was warned in a Feb. 18 decision memo that Justice believed that if the Loral investigation ever went to trial, "a jury likely would not convict" the company...
...through the contradictory advice Clinton was given--State Department in favor, Justice against--and look for signs that Loral lobbied behind the scenes. Before Clinton signed, the company bombarded the White House with calls and at least one letter, warning the Administration that delay would jeopardize Loral's contract. Schwartz says he never raised the issue with Clinton directly. The company's chief Washington lobbyist, Thomas B. Ross, who was once a spokesman for former National Security Adviser Tony Lake, did send a letter to the current National Security Adviser, Sandy Berger, telling him that Schwartz "had intended to raise...
...only professional smugglers suffered harsh criminal penalties. And White House officials insist the waiver did not get Loral entirely off the hook. If no criminal charges are brought, the Commerce Department could still impose stiff penalties. But since Clinton always has his eye on Gore's 2000 campaign--and Schwartz remains a go-to guy for the Democrats--nobody expects that to happen. And that little piece of Washington reality is more pungent than anything Johnny Chung and Liu Chaoying ever cooked...
Starr is spending more than $40 million, destroying multiple lives and wasting valuable time trying to prove what we already know. How in the name of common sense can we allow this to continue? PHILIP G. SCHWARTZ Fort Myers...
...Asia never went away, or at least it shouldn't have," says FORTUNE writer Nelson Schwartz. "Investors are suddenly remembering the problems all over again." Plus, says Schwartz, the markets have been ailing from within for a while now. Technical indicators like volume and the advancers/decliners ratio have been sagging for weeks, he says. "Now just seems to be the time...