Word: thompson
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WASHINGTON, D.C.: As Fred Thompson could tell you from his Watergate days, a political scandal needs two things before it'll stick with the public: a star witness and a catchy plotline. After just one day of Senate Governmental Affairs Committee hearings on campaign finance abuses, Thompson's committee may have both. The Senator departed from his pre-released script when he led off this morning with the plot, alleging that "high-level Chinese government officials" plotted to influence U.S. elections with illegal money in a secret operation. "Our investigation suggests the plan continues today." And then came the witness...
...Mark Thompson...
...Independence Day." A few days later, Clinton attended fundraisers in New York and Boston that rounded up another $2.5 million in campaign contributions for Democrats. Meanwhile, a reform bill remains stalled in Congress with no real incentive to move it towards a vote. One could come out of Fred Thompson's Senate hearings on the campaign finance scandal that begins next Tuesday. The hearings will of course be partisan -- the committee will subpoena 442 Democratic targets and only 34 Republican targets. But just as no one could have predicted that the Watergate hearings would uncover the tapes that eventually sank...
...President and the Speaker of the House will share a single small office in the White House basement. Members of the media were not allowed in any government buildings today. But they were reassured that at 11am tomorrow, Vice President Al Gore and Senate Governmental Affairs Committee Chair Fred Thompson will address a joint press conference on the Capitol steps to answer all of their questions about the plan. Tonight, as the sun settled sleepily below the horizon, a tall, lanky man reported by some sources to have played some sort of part in the extraordinary White House session...
...expected to approve the proposed $7.9 billion merger of Lockheed Martin, the number one U.S. contractor, with sixth-ranking Northrop Grumman, since the U.S. is taking the position in the post Cold War era that preserving critical technologies is more important than avoiding monopolies. Observes TIME's Mark Thompson: "The argument here is that fewer efficient companies are better than more inefficient ones." Besides, when was efficiency ever an issue in the defense industry? While such a deal in any other sector would spark worries about concentration of market share and reduced competition, the classic rules of economics have long...