Informed Sources

Clinton's Picks to Head the EEOC

Sources say the White House plans to nominate Mexican-American lawyer Gilbert VAzquez to head the Equal Employment Opportunity Commission. As it happens, Vazquez is a partner specializing in commercial law in the San Antonio, Texas, office of the same law firm as Democratic fixer and presidential pal Vernon Jordan. Paul Igasaki, a Japanese American who heads the Asian Law Caucus, is expected to be named to the No. 2 spot at EEOC.

Loans to Iran? Not So Fast!

The Clinton Administration's campaign to isolate Iran may have scored a direct hit on that country's pocketbook. A senior U.S. official told TIME that the World Bank will not approve any new loans to Iran, potentially depriving Tehran of hundreds of millions of dollars. The U.S. has been against World Bank loans to Iran for the past several years but has repeatedly been outvoted. This time the U.S. waged a canny behind-the-scenes campaign to win the support of countries like Japan and Germany.