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...First, in a show of GOP loyalty that will almost certainly not survive a broader vote in the full House (and forget about the Senate), the Resources Committee forwarded by a 26-17 vote the Administration's plan to drill in the Arctic National Wildlife Refuge and exempt oil companies for two years from paying government royalties on oil obtained under new drilling leases in the Gulf of Mexico. Taking notes for Senate Democrats, Rep. Nick Rahall, D-W.Va., called the product a $7.4 billion ''grab bag of goodies for big oil'' and an ''unprecedented assault on our resources...

Author: /time Magazine | Title: Don't Worry, Fill Up Your SUV | 7/18/2001 | See Source »

McCain, meanwhile, has sent letters to 24 G.O.P. members of Congress he stumped for in the last election, reminding them that he expects them to live up to promises he says they made to support campaign reform. House Minority Leader Dick Gephardt has been herding recalcitrant Democrats. Forget your old fear that a soft-money ban hurts Democrats as much as Republicans, he tells them. Democrats caught up with Republicans in raising soft money because Bill Clinton used the White House to vacuum in millions. But W., an even better fund raiser than Bill, now occupies that real estate...

Author: /time Magazine | Title: McCain's House Of Pain | 7/16/2001 | See Source »

Does that mean we should forget about total artificial hearts like Abiomed's? Not at all. There will always be some folks whose hearts are so worn out they cannot be salvaged. A review panel convened by the National Heart Lung and Blood Institute in 1999 estimated that between 5,000 and 10,000 patients a year might be helped by the development of total artificial hearts. But as with many medical advances, the early going will probably be grim. Doctors in Louisville will consider their experiment an astounding success if their patient manages to live an extra two months...

Author: /time Magazine | Title: The Artificial Heart, Revisited | 7/16/2001 | See Source »

...price was never right. I wasn't aware of it at the time, but our aircraft people had been working with an investment bank on Honeywell for a couple of weeks prior to this coming up in October. Don't forget that last year, Honeywell's stock had lost about 40% of its value. There, sitting on a platter, was a deal at prices far below what we ever dreamed possible. Was I supposed to not do it? I had to do it. I'd do the same thing again tomorrow. I wasn't thinking about retiring. I was thinking...

Author: /time Magazine | Title: Jack Welch Interview: The Prosecutor Is Also The Judge | 7/16/2001 | See Source »

...couldn't survive the fusillade, Gephardt mobilized to defeat the "rule," which governed floor activity. He could count on practically all Democrats supporting a procedural vote the party's leadership wanted. But to win, some Republicans had to be convinced to defy their Speaker, a heresy Hastert wouldn't forget. McCain dialed up the pressure. At one point he hauled seven GOP congressmen into Gephardt's Capitol office and, looking each one in the eye, asked if they'd "vote against the rule." Each said...

Author: /time Magazine | Title: Why McCain and Gephardt Need Campaign Finance Reform | 7/16/2001 | See Source »

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