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Walter Mondale

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Walter Frederick "Fritz" Mondale (born January 5, 1928 in Ceylon, Minnesota) is an American politician and member of the Democratic-Farmer-Labor Party. He was the 42nd US Vice President (1977-1981) under President Jimmy Carter. He was also a two-term US Senator from Minnesota and the Democratic Party nominee for president in 1984 against the incumbent, Republican Ronald W. Reagan, who was reelected in a landslide when Mondale carried only his home state of Minnesota and the District of Columbia.

Early life

Mondale was born in Ceylon, Minnesota, the son of a Methodist minister. His half-brother was the Unitarian minister Lester Mondale. He was educated at Macalester College in St. Paul and the University of Minnesota, graduating in 1951. He then served two years at Fort Knox, in the U.S. Army during the Korean War. He graduated with a law degree from the University of Minnesota Law School in 1956 and began to practice law in Minneapolis.

Entry into politics and U.S. Senator

He managed the re-election campaign of Gov. Orville Freeman, who in return in 1960 appointed Mondale the state's attorney general. He spent two terms as attorney general. When Hubert H. Humphrey II was elected vice president in 1964, Mondale was appointed to Humphrey's seat in the Senate. Mondale was elected to the seat in 1966 and re-elected in 1972.

Mondale gained public notice for his role in the Apollo 1 investigation. He attempted to show that NASA was dangerous and a waste of taxpayer money. His ultimate goal was that this money should be directed into social services. Many people came away from the experience with the belief that Mondale was on a witch-hunt.

42nd Vice President

When Jimmy Carter won the Democratic nomination for president in 1976, he chose Mondale as his running mate. Mondale was inaugurated as vice president on 20 January 1977. He was the first vice president to reside at the official vice presidential residence, Number One Observatory Circle. Carter and Mondale were renominated at the 1980 Democratic National Convention, but lost to Ronald W. Reagan and George H. W. Bush. (See U.S. presidential election, 1976, U.S. presidential election, 1980.)

Presidential nominee of 1984

After a brief return to the practice of law, Mondale won the Democratic presidential nomination in the 1984 election. He chose U.S. Rep. Geraldine A. Ferraro of New York as his running mate, making her the first woman nominated for that position by a major party. Mondale ran a liberal campaign, supporting a nuclear freeze and the Equal Rights Amendment (ERA). He spoke against what he considered to be unfairness in Reagan's economic policies and the need to reduce federal budget deficits.

Mondale shakes hands with Ronald Reagan before a debate in 1984.

When he made his acceptance speech at the Democratic Convention, Mondale said: "Let's tell the truth. Mr. Reagan will raise taxes, and so will I. He won't tell you. I just did." Although he intended this to demonstrate that he was honest while Reagan was hypocritical, it was widely remembered as simply a campaign pledge to raise taxes, and it hurt him in the end. In 1986, Reagan did sign into law a bill that raised taxes for corporations, but at the same time cut taxes further for individual taxpayers.

In the 1984 election, Mondale was defeated in a massive landslide, winning only the District of Columbia and his home state of Minnesota, thus securing only 13 electoral votes to Reagan's 525. Mondale's defeat was the worst for any Democratic Party candidate in history, and the worst for any major-party candidate since Alf Landon's loss to Roosevelt in 1936.

Private citizen and ambassador

Following the election, Mondale returned again to private law practice, with Dorsey & Whitney in Minnesota in 1987. From 1986 to 1993, Mondale was chairman of the National Democratic Institute for International Affairs.

Under the presidency of Bill Clinton, he was ambassador to Japan from 1993 to 1996, chaired a bipartisan group to study campaign finance reform, and was Clinton's representative in Indonesia in 1998.

2002 election

Mondale talks during a debate with Norm Coleman in 2002.

In 2002, Democratic US Senator Paul Wellstone of Minnesota, who was running for re-election, died in a plane crash just 11 days before the Nov. 5 election. Mondale, at age 74, replaced Wellstone on the ballot, but narrowly lost the election to the conservative Republican opponent Norm Coleman. Upon conceding the election, Mondale said, "At the end of what will be my last campaign, I want to say to Minnesota, you always treated me well, you always listened to me". Mondale finished with 1,067,246 votes (47.34%) to Coleman's 1,116,697 (49.53%) out of 2,254,639 votes cast. Mondale set a political record of sorts as a result of this loss, becoming the only major party candidate in U.S. history to lose statewide elections in all 50 states (having won only Minnesota in the 1984 election).

Norwegian ancestry

Mondale has always maintained strong ties to his ancestral Norway. Coincidentally, when he entered the Senate in 1964 he took over the seat of vice president Hubert Humphrey, another Norwegian-American. In later years Mondale has served on the executive committee of the Peace Prize Forum, an annual conference co-sponsored by the Norwegian Nobel Institute and five Midwestern colleges of Norwegian heritage. In connection with Norway's Centennial Celebration in 2005, he chairs the committee to promote and develop cultural activities between Norway and Norwegian-American organizations. During the 1984 Presidential election he was even nicknamed "Norwegian wood", a play on the Beatles song, his ancestory and his appearance.

Mondale's 45 year old daughter, Eleanor, is a television personality, who is currently battling brain cancer.


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Mondale's 45 year old daughter, Eleanor, is a television personality, who is currently battling brain cancer. At the time of writing, the market is still awaiting this move. During the 1984 Presidential election he was even nicknamed "Norwegian wood", a play on the Beatles song, his ancestory and his appearance. The state increased its stake in Gazprom to over 50% instead by paying cash for a 10.4% stake, thus fulfilling the main pre-condition for the abolition of restrictions on foreign ownership of Gazprom shares. In connection with Norway's Centennial Celebration in 2005, he chairs the committee to promote and develop cultural activities between Norway and Norwegian-American organizations. Instead, Rosneft remained independent, to the delight of its own management. In later years Mondale has served on the executive committee of the Peace Prize Forum, an annual conference co-sponsored by the Norwegian Nobel Institute and five Midwestern colleges of Norwegian heritage. After Rosneft had appropriated such a large and controversial asset, the technicalities of merging it into Gazprom became too complicated.

Coincidentally, when he entered the Senate in 1964 he took over the seat of vice president Hubert Humphrey, another Norwegian-American. Fearing that it would fall foul of US law, Gazprom backed away from buying Yukos' main asset when the Russian government auctioned it in December 2004, leaving the more gung-ho Rosneft to buy it. Mondale has always maintained strong ties to his ancestral Norway. However, Gazprom was foiled both in its attempt to acquire Rosneft, and its earlier attempt to buy the core asset of Yukos, when Yukos filed for bankruptcy in Houston. history to lose statewide elections in all 50 states (having won only Minnesota in the 1984 election). [1]. Mondale set a political record of sorts as a result of this loss, becoming the only major party candidate in U.S. In 2004, President Putin announced that Gazprom is acquiring the state-owned oil-company Rosneft and that this will "eventually lead to the lifting of foreign ownership restrictions on Gazprom shares", as the stake of the Russian government in Gazprom will rise from 38.37% to a contolling position.

Mondale finished with 1,067,246 votes (47.34%) to Coleman's 1,116,697 (49.53%) out of 2,254,639 votes cast. Non-Russian investors may legally buy Gazprom shares only through American Depositary Shares, which cost more than locally traded shares. Upon conceding the election, Mondale said, "At the end of what will be my last campaign, I want to say to Minnesota, you always treated me well, you always listened to me". Gazprom provides 25% of all Russian tax revenues (averaging over US$ 4 billion annually between 1993-2003) and accounts for 8% of the nation’s gross domestic product. Mondale, at age 74, replaced Wellstone on the ballot, but narrowly lost the election to the conservative Republican opponent Norm Coleman. Until 2004 the Russian government held a 38.37% stake in the company, and had a majority on the company’s board of directors. 5 election. This was aided by shareholder activism by Hermitage CEO William Bowder and former Russian finance minister Boris Fyodorov.

In 2002, Democratic US Senator Paul Wellstone of Minnesota, who was running for re-election, died in a plane crash just 11 days before the Nov. Russian Presindent Vladimir Putin was actively pursuing reforms in the management of the company in the years following the scandals. Under the presidency of Bill Clinton, he was ambassador to Japan from 1993 to 1996, chaired a bipartisan group to study campaign finance reform, and was Clinton's representative in Indonesia in 1998. The real figure is around 10 percent so that's good news". From 1986 to 1993, Mondale was chairman of the National Democratic Institute for International Affairs. The investment fund Hermitage Capital Management, a minority shareholder of Gazprom, reported on the scandals in October 2000: "Investors are valuing this company as if 99 percent of its assets have been stolen. Following the election, Mondale returned again to private law practice, with Dorsey & Whitney in Minnesota in 1987. The Gazprom auditor PwC apparently had signed off and covered these transactions.

Mondale's defeat was the worst for any Democratic Party candidate in history, and the worst for any major-party candidate since Alf Landon's loss to Roosevelt in 1936. Additionally, large-scale asset-stripping of Gazprom was going on by corrupt management and board members through various transactions involving the Gazprom daughter Stroitansgaz and the regional gas company Sibneftegaz. In the 1984 election, Mondale was defeated in a massive landslide, winning only the District of Columbia and his home state of Minnesota, thus securing only 13 electoral votes to Reagan's 525. Gazprom conducted dubious transactions with Florida-based gas-trading company Itera and a Gazprom/Itera joint-venture, Purgaz, in the late 1990s, which allegedly benefited various management members and their relatives. In 1986, Reagan did sign into law a bill that raised taxes for corporations, but at the same time cut taxes further for individual taxpayers. The reasons were not clear and were explained either by an aging pipeline transport network, by a management that was becoming increasingly corrupt or by pre-existing losses that appeared because of more transparent accounting policies. I just did." Although he intended this to demonstrate that he was honest while Reagan was hypocritical, it was widely remembered as simply a campaign pledge to raise taxes, and it hurt him in the end. Furthermore, the company's records started showing a loss for the first time at this point in time.

He won't tell you. When tax prosecutors started to seize assets of Gazprom, the company had to give in and pay. Reagan will raise taxes, and so will I. At the same time, the Russian government suddenly started demanding billions of dollars in back taxes from Gazprom. Mr. In 1998 Chernomyrdin was fired from his position by Russia's Prime Minister Boris Yeltsin. When he made his acceptance speech at the Democratic Convention, Mondale said: "Let's tell the truth. Gazprom slowly established credibility in the western capital markets with an offering of 1% of its equity to foreigners in October 1996 in the form of London Depository Receipts and a successful large bond issue of US$ 2.5 billion in 1997.

He spoke against what he considered to be unfairness in Reagan's economic policies and the need to reduce federal budget deficits. However, trading these shares was extremely heavily regulated and the by-laws of the company prohibited foreigners to own more than 9% of the shares. Mondale ran a liberal campaign, supporting a nuclear freeze and the Equal Rights Amendment (ERA). As the new government was committed to economic reform, Gazprom began to be privatized, becoming a joint-stock company in November 1992, and starting to distribute shares under the voucher method, where every Russian citizen received vouchers to purchase shares of formerly state-owned companies. Ferraro of New York as his running mate, making her the first woman nominated for that position by a major party. After the new Russian President Boris Yeltsin appointed Chernomirdin to be his Prime Minister in December 1992, the political influence of Gazprom increased markedly. Geraldine A. After the break-up of the Soviet Union in 1991, Gazprom lost a large part of its assets outside of Russia - one third of its pipelines and one fourth of its compression capacity.

Rep. Viktor Chernomyrdin was made head of the operation. He chose U.S. In July 1989, as part of his economic reforms, President Mikhail Gorbachev combined the ministries for oil and gas, and later carved out Gazprom as the entity responsible for gas production, distribution and sales. After a brief return to the practice of law, Mondale won the Democratic presidential nomination in the 1984 election. Gas exploration, development and distribution were centralized in a state ministry. presidential election, 1980.). Due to large natural gas reserves discovered in Siberia, in the Urals and in the Volga region in the 1970s and 1980s, the Soviet Union became a major gas producer.

presidential election, 1976, U.S. . (See U.S. Gazprom supplies almost all the gas needs of central and eastern Europe and the former Soviet Union. Bush. With sales of US$ 31 billion in 2004, it accounts for about 94% of Russian natural gas production and with reserves of 17,800 km³, it controls 25% of the world's gas reserves. W. Газпром, sometimes transcribed as Gasprom) is a major Russian company and the biggest natural gas extractor.

Reagan and George H. Gazprom (russ. Carter and Mondale were renominated at the 1980 Democratic National Convention, but lost to Ronald W. He was the first vice president to reside at the official vice presidential residence, Number One Observatory Circle. Mondale was inaugurated as vice president on 20 January 1977.

When Jimmy Carter won the Democratic nomination for president in 1976, he chose Mondale as his running mate. Many people came away from the experience with the belief that Mondale was on a witch-hunt. His ultimate goal was that this money should be directed into social services. He attempted to show that NASA was dangerous and a waste of taxpayer money.

Mondale gained public notice for his role in the Apollo 1 investigation. Mondale was elected to the seat in 1966 and re-elected in 1972. Humphrey II was elected vice president in 1964, Mondale was appointed to Humphrey's seat in the Senate. When Hubert H.

He spent two terms as attorney general. Orville Freeman, who in return in 1960 appointed Mondale the state's attorney general. He managed the re-election campaign of Gov. He graduated with a law degree from the University of Minnesota Law School in 1956 and began to practice law in Minneapolis.

Army during the Korean War. He then served two years at Fort Knox, in the U.S. Paul and the University of Minnesota, graduating in 1951. He was educated at Macalester College in St.

His half-brother was the Unitarian minister Lester Mondale. Mondale was born in Ceylon, Minnesota, the son of a Methodist minister. . Reagan, who was reelected in a landslide when Mondale carried only his home state of Minnesota and the District of Columbia.

He was also a two-term US Senator from Minnesota and the Democratic Party nominee for president in 1984 against the incumbent, Republican Ronald W. He was the 42nd US Vice President (1977-1981) under President Jimmy Carter. Walter Frederick "Fritz" Mondale (born January 5, 1928 in Ceylon, Minnesota) is an American politician and member of the Democratic-Farmer-Labor Party.

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