Word: swaps
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What Thomann didn't know was the chain of events that had begun weeks earlier when a Carey campaign consultant, Martin Davis, approached a top Democratic fund raiser, Laura Hartigan, with the plan for the lopsided contribution swap. Hartigan, in turn, pressed Sullivan to find a big donor for the Carey campaign to carry out the D.N.C.'s part of the bargain. The Teamsters, meanwhile, kept their word, sending an initial $236,000 to Democratic parties in 35 states at the end of the month, according to court papers...
...most notable has been Sidgmore, 46, a weekend rock guitarist who masterminded last week's AOL deal. Sidgmore worked out the three-way swap with AOL chairman Steve Case at a breakfast meeting in July. Voila! WorldCom now controls the networking divisions of CompuServe, AOL and the Microsoft Network, which was already in the fold. Yet neither Sidgmore nor Ebbers plans to stop adding to their empire anytime soon. Asked whether WorldCom will continue its voraciously acquisitive ways, Ebbers responds with typical bluntness, "Are we alive...
...property precisely in order to provide a fair deal for the property owners as we fulfill our responsibility to protect Yellowstone. The Administration insisted that the agreement expressly take Reeb's interests into account. Also, it is incorrect to say the Administration has not found any properties for a swap. In March we announced a proposal to exchange federal coal, oil and gas royalties for the mine property. We believe the exchange is a good deal for everyone--the holders of the mine property, the American taxpayers and people who care about Yellowstone. KATHLEEN A. MCGINTY, Chair White House Council...
...miles upstream from Yellowstone National Park. Environmental groups, warning that a megamine would poison the park's ecosystem, threatened massive lawsuits against Crown Butte, the company planning a round-the-clock extraction effort. Then the Administration stepped in, and after months of secret talks, Crown Butte agreed to swap the mine for $65 million worth of government holdings elsewhere. Clinton was able to upstage the first day of the Republican Convention last August by posing in a beautiful alpine meadow flanked by an environmentalist and a mining executive, announcing that "Yellowstone is more precious than gold...
Meanwhile, other problems have come up. Since signing the agreement, the Administration has not found any politically acceptable properties for a swap. It may have to try to pry $65 million out of a Republican Congress through deferred agricultural subsidies. By comparison, Margaret Reeb could come to seem a pushover...