WASHINGTON (JTA) -- Stuart Levey was given a big stick when the Bush administration made him the first under secretary of the Treasury for terrorism and financial intelligence. But the stick only started to hurt its targets -- terrorist groups and rogue nations -- when he figured out how to soft-talk nations and private businesses into going along.
Levey is that rarity -- a senior government official who has transitioned not just between two administrations, but between two presidents with profound foreign policy differences.
It used to be that if you wanted to invest in Israeli companies trading on the Nasdaq, you plunked some cash into Teva Pharmaceutical (TEVA). The more savvy pro-Israel investor would track Israeli IT companies like Check Point Software Technologies (CHKP), a leading security firm instrumental in developing computer firewalls, or telecommunications giants like Amdocs (DOX), a $7 billion billing company.
The battle of the heavyweights may be over, but the race for cash continues. Mayor Rudolph Giuliani's stunning departure from the race against First Lady Hillary Rodham Clinton transforms what was expected to be the most expensive U.S. Senate campaign in history into a race against time for Giuliani's replacement, the relatively unknown Long Island Rep. Rick Lazio.
"The key question is now how quickly he can ramp up his fund raising," said Sheila Krumholz, research director for the Center for Responsive Politics, a campaign watchdog group, of Lazio.