Word: felix
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...center of the Caribbean drug trade--the "new Miami"--is Puerto Rico. "Since 1990 Puerto Rico has been the focal point for the exportation of cocaine to the mainland from the Caribbean," says Felix Jimenez, who heads the DEA's office there. The island's status as a U.S. commonwealth offers traffickers an extraordinary advantage, since passengers and cargo undergo only perfunctory customs checks to enter the U.S. mainland. Once a shipment of cocaine is smuggled onto the island, it can easily be relayed to American cities...
...that it did between 1970 and 1995," he said at a New York fundraiser last week. "It ought to be debated within a commitment not to let inflation get out of hand." By appointing Rivlin, he hopes to create encourage that dialogue on the Fed. Unlike investment banker Felix Rohatyn, who withdrew his name from Fed consideration under heavy criticism of his economic philosophies from Senate Republicans, "Rivlin should not have a hard time getting confirmed by the Senate," says TIME's J.F.O. McAllister. "She is known as a deficit hawk, more so than almost anyone in the administration. Although...
WASHINGTON, D. C.: After Republicans forced the White House to drop its campaign to name heavyweight investment banker Felix Rohatyn to the Federal Reserve's number two spot, the Clinton Administration finds itself scrambling for an acceptable replacement. Chairman Alan Greenspan is expected to be reconfirmed in his job, but TIME's Adam Zagorin says President Clinton is fighting an uphill battle to fill the two open spots on the board with liberal economists who could counter Greenspan's fiscal conservatism. "It's unclear which Clinton nominees, if any, could pass muster with Al D'Amato and the Senate Banking...
...President does have a chance to nudge the Fed a bit more, legitimately. To fill the just-vacated post of vice chairman, the Administration has been floating the name of Felix Rohatyn, a top investment- banking dealmaker at Lazard Freres. Rohatyn, a Democrat best known as the head of the municipal corporation that saved New York City from bankruptcy in the 1970s, has both the assertive personality and the towering reputation on Wall Street to voice progrowth arguments forcefully inside the board. In any case, to keep the economy humming, the budget-bound President has only one place to look...
Another frequently mentioned candidate is Felix Rohatyn, a Wall Street investment banker, and long-time friend of Greenspan...