AN F.O.B. ON THE LOOSE

AN ARKANSAN'S DRIVE TO STORE RADIOACTIVE WASTE ON AN ISLAND GOT LOTS OF ATTENTION IN THE WHITE HOUSE

What do you get when you mix an old Clinton chum with former Republican Secretary of State James Baker and a onetime guitarist for the band that made In-a-Gadda-Da-Vida famous? Answer: a particularly screwball episode from the place that has fostered quite a few--the election-year White House.

In Bill Clinton's cash-crazed drive for re-election, the President opened the White House to all sorts of schemers. But few pitches got more consideration than Mark Grobmyer's curious plan to buy enriched uranium from Russia and the U.S., lease it to utilities worldwide, collect the spent radioactive rods and store them on a tiny...

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