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Technology Stocks : Loral Space & Communications

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To: Dragonfly who wrote (3467)5/28/1998 1:29:00 AM
From: Diane  Read Replies (1) of 10852
 
Thanks for the link to the Loral politics thread. It didn't come up when I did a search for Loral several days ago. I'll move over to that thread for more info/discussion, but just wanted to say that the following paragraph from the link I gave IMO implicates B.S. (and B.C.) as much as anything...

<<<In 1995 Schwartz wrote Clinton urging him to shift licensing authority over Chinese satellite launches from the security-minded State Department to the Commerce Department, which promotes American business interests, not national safety. In October, Secretary of State Warren Christopher, backed by the Defense Department, the CIA and the National Security Agency, ordered State to retain control over the launches. Commerce asked the president to overrule Christopher. In
March 1996, Clinton did so, but he delayed implementation -- and, importantly, publication -- of his order until Nov. 5, 1996, the day he was reelected.>>>
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