Word: spigot
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Dates: during 2000-2009
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...subject: smuggling atomic contraband out of Russia and into the hands of terrorists. "There are a lot of terrorist groups besides al-Qaeda that want to get their hands on nuclear material," says Kluger. "It's the job of the U.S. and other countries to start turning off the spigot." Chat with him Thursday...
...despite this early progress, terrorism experts warn, it will be difficult to follow the flow of bin Laden's money and harder still to turn off the spigot. His money is believed to be scattered among as many as 55 countries. It appears to move surreptitiously, often through backdoor channels. And much of it is cloaked in the respectability of legitimate-looking businesses and charities. Al-Qaeda appears to move much of its money through bin Laden's extensive portfolio of agriculture, construction and investment businesses. Investigators call it "reverse money laundering," because the funds start out clean...
When drinking is legal, they argue, it takes place in the open, where it can be supervised by police, security guards and even health-care workers. When the drinking age went up, the spigot wasn't turned off, it was simply moved underground--to homes or cars or frat-house basements--where no adult could keep an eye on things. When kids who are drinking on the sly do venture out, they often "pre-load" first, fueling up on as much alcohol as they can hold before the evening begins so that the buzz lasts as long as possible...
...productivity boost it spawned allowed the U.S. to grow at phenomenal rates in recent years without incurring significant inflation. It also helped attract hundreds of billions of overseas dollars into the country, noted Kenneth Courtis, a Tokyo-based vice-chairman of Goldman Sachs Asia. And the spigot may still be turned on. "I don't think that all of a sudden the factors that made the U.S. a huge magnet for investment have disappeared," said Courtis, who argued the dollar could prove stronger against the competing euro than most analysts expect. But Hormats was less sanguine about overseas investment, pointing...
...party's leadership, as usual. Republican leader Trent Lott and most of his G.O.P. caucus loathe the prospect of McCain's bill being the first thing the Senate debates this year. The measure would stop millions of dollars in unregulated soft money from flowing into both parties, a spigot Lott and Bush don't want to shut off. Bush, who is irritated and puzzled by his former rival's gambit, also opposes McCain's bill because it doesn't protect union members from having their dues go toward political causes they don't necessarily support. Adding such a provision would...