Word: tobacco
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WASHINGTON: For politicians, there are hot seat issues and there are comfortable armchair issues. But in the tobacco settlement, President Clinton has found a real La-Z-Boy ? where he can take an extremely popular position without lifting a finger. "Put simply, he wants to renegotiate," says TIME's White House correspondent Jef McAllister. "And he can, because he took this issue on a year ago and it's clearly got his stamp on it. Now he's come down on the side of C. Everett Koop and David Kessler, who say the settlement doesn't do enough for children...
...Even better for Clinton is that any fight over the issue is a long way off. Congestion in Congress will push the haggling off until 1998 ? an election year, where tobacco lobbies will find their favorite congressmen are suddenly more image-wary than ever. Clinton's list of demands contains a lot that Michael Moore and Co. decided they could live without. But with a can't-miss issue and a year to make it sing, this president can drive a very hard bargain...
...violence tightens the deadlock in Israeli-Palestinian peace talks, there appears to be some progress on the Israel-Syria front (TIME Daily) ... The Democratic Party's top lawyer has defended Al Gore's controversial White House fundraising phone calls (AllPolitics) ... A budget bill provision that was effectively funding the tobacco industry has been struck down (TIME Daily) ...Rocky Actor Burgess Meredith has died at the age of 89 (TIME Daily) ... Former Clinton cabinet member Mike Espy has pleaded not guilty to corruption charges ... (Reuters) ... As for Clinton himself, what has he learned in four-and-a-half years about being...
WASHINGTON: If there's one thing a Congressman hates, it's looking like a tool of big business ? especially when it's a business as unpopular as Big Tobacco. Although a provision was quietly slipped into last month's tax-cut legislation allowing tobacco companies to use the cost of a gradual 15-cent per pack increase ? some $50 billion ? as a credit towards the proposed $368.5 billion national settlement, Senators began to disown the plan once it was made public. Wednesday, the Senate overwhelmingly voted to squash it altogether. "This is the kind of thing that no Congressman wants...
...Other News: Sixty-five people are believed dead in a fiery plane crash in Cambodia (Reuters) ... Arizona Governor Fyfe Simington has been found guilty on seven counts of bank fraud (All Politics) ... Vice-President Al Gore has denied knowledge of campaign finance wrongdoing (TIME Daily)... Big Tobacco increases wholesale cigarette prices nearly 8 percent (TIME Daily) ... Volatile Southeast Asian markets could cause a banking collapse (TIME Daily) ... and your GP may not know his stethascope from his elbow (TIME Daily...