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...service that would satisfy the public need to say goodbye--something in a cavernous cathedral befitting cardinals and Presidents--even if the sad truth was that a piece of the dream had died for him this time. "You could just see this was a father-son relationship," said Senator Alan Simpson. "I'm sure it's ripped the very fabric of Ted's life." John was the little boy Ted imagined could grow up to be President. He'd taken John under his wing from the moment his father was killed, staying in the White House after the Kings...

Author: /time Magazine | Title: Farewell, John | 8/2/1999 | See Source »

...seems a little odd," says Cynthia Latta, principal U.S. economist for Standard & Poor's DRI. "Its support comes from the assumption that if [the surplus] is not handed back to taxpayers, the government will just use it for more programs." Latta's fellow critics include Federal Reserve Chairman Alan Greenspan, who warned last week that "the timing is not right" for the House measure, which calls for a 10% across-the-brackets cut in income taxes and a reduction of the 20% rate on capital gains to 15%. Translation: the proposals could overheat a strong economy and ignite inflation. Says...

Author: /time Magazine | Title: Who Needs a Tax Cut? | 8/2/1999 | See Source »

...sessions, Caroline is known for her intense preparation and affinity for discussion. She personally telephones winners and presents the awards at an annual ceremony at the library. This year's event, which honored Senators Russ Feingold and John McCain, was Caroline and John Jr.'s last public appearance together. Alan Simpson, the former Wyoming Senator who is director of the Kennedy School's Institute of Politics at Harvard, was reminded of Caroline's forebears. "When I saw her step forward to make those awards, I saw the same poise and warmth and desire to participate in politics and carry...

Author: /time Magazine | Title: Caroline Kennedy Schlossberg: CHAMPION OF CIVILITY | 8/2/1999 | See Source »

...sure, there are few times in our congressmen?s lives that they look as stupefied as when Alan Greenspan comes to visit them on Capitol Hill. But as tax-cut-hungry Republicans in the House and Senate blinked their way through the Fed chairman?s testimony on the last two Wednesdays ?- testimony in which Greenspan repeatedly shot down the idea of massive tax cuts -- one sensed that another question besides "huh?" was nagging at them this time. Namely, wasn?t this guy supposed to be a Republican...

Author: /time Magazine | Title: If You Want to Predict the Tax Cut, Look to Alan Rather Than Bill | 7/29/1999 | See Source »

...These days, Americans? trust is in the markets, and the markets? trust is in Greenspan, and so Americans trust in Alan Greenspan, more so perhaps than any official -- elected or not -- in decades. So it was too bad for Republicans when Greenspan, on successive Wednesdays, said exactly what most voters seem to privately think about an $800 billion tax cut of any shape: "Probably we would be better off holding...

Author: /time Magazine | Title: If You Want to Predict the Tax Cut, Look to Alan Rather Than Bill | 7/29/1999 | See Source »

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