Word: voorst
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Dates: during 1990-1999
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...McCain knows he's writing a bill that's unacceptable to the industry," says TIME Washington correspondent Bruce Van Voorst. "It's a tactical move. The only haggling is between the hard-liners and the really hard-liners." The industry has already balked at one agreed-upon provision, a hike in the federal tax on cigarettes of $1.10 a pack by 2003, and as McCain and Co. hammer out provisions on liability protection, they do so knowing that the industry's demands are for far more...
...Tobacco's livid right now, because they can't get to any of the key senators," says Van Voorst, "and they're threatening to walk." Van Voorst expects the committee's version to emerge sometime this week. Then the real negotiations can begin...
...badly enough that he might buckle this time," says TIME correspondent John Dickerson. But if the White House hangs tough and the $18 billion credit to the IMF is killed, the consequences could be disastrous: "Failing to fund the IMF could further destabilize Asia," says TIME correspondent Bruce Van Voorst. "And that would have extremely serious consequences for the American worker and consumer...
...With reporting by Bruce van Voorst in Washington...
...President Clinton?s special envoy, Walter Mondale, appears to have had little impact. His talks with Suharto Tuesday were aimed at dissuading him from playing chicken with the International Monetary Fund. ?The talks were friendly enough, but Suharto has made no concrete commitments,? says Van Voorst. While he awaits the second installment of his $40 billion bailout, Suharto did promise to implement the IMF program. But he also questioned its efficacy and vowed to press ahead with plans to peg his currency to the dollar -- against the will of the IMF and Washington...