Word: trades
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Dates: during 1990-1999
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...Democrats' devil-may-care pursuit of campaign money, no scheme was bolder than the secret financial alliance between the party and the re-election campaign of Teamster president Ron Carey. The trade-off, as proposed by Carey aides, boiled down to this: the Teamsters would deliver $1 million to the party's state branches around the country, and in exchange the party would tap its donors to provide Carey with $100,000 for his re-election bid. The true purpose: to funnel cash from the Teamster treasury into Carey's campaign, an illegal act that had to be done circuitously...
...Total, using the law Congress passed last year requiring sanctions for foreign companies doing business with Iran. But European experts at the State Department prefer to waive the penalties if France promises to restrict other dealings with the rogue nation. They fear the dispute could escalate into a major trade war with Europe and Asia. "There's absolute unanimity on the undesirability of what Total has done," says a senior Clinton Administration official. "But there is not unanimity yet on what our policy should be in response...
Competitors of Toys "R" Us have been slapping the retail giant silly in recent years. Last week the Federal Trade Commission took a whack, ruling that Toys "R" Us had illegally forced such manufacturers as Mattel and Hasbro to withhold their products from warehouse clubs like Costco. The FTC barred Toys "R" Us from blacklisting toymakers for selling to low-price clubs. The company says it will appeal...
WASHINGTON: Ronald Reagan sold his Latin America policy by casting himself as Paul Revere to an imminent Sandinista invasion, but Bill Clinton faces a tougher challenge in the sedate climate of post-Cold War trade politics...
...This week, the President visits Venezuela, Brazil, Argentina and Chile, building the case for Congress to grant him powers to negotiate trade pacts without the shackles of pork-barrel politics: the so-called Fast Track. Where Reagan spooked Americans with tales of toppling dominoes, Clinton may rely on the specter of Mercosur. The trade association combining the booming economies of Brazil, Argentina, Paraguay and Uruguay is fast emerging as an alternative to U.S.-dominated trade pacts, and has pledged to sign a free trade pact with the European Union...