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...will probably name the rest of his economic team before departing for his vacation home in Kennebunkport, Me., for Thanksgiving weekend. The biggest question is whether former Reagan Treasury official and Baker protege Richard Darman will be named to head the Office of Management and Budget. A respected investment banker, Darman at OMB would please the markets, but he might seem too independent to meet Bush's exacting standards of loyalty...

Author: /time Magazine | Title: The Markets Vote | 11/28/1988 | See Source »

Like many Californians in the fast lane, Julie Kulas believes that the good life calls for a sleek and stylish car. So when the Los Angeles banker bought a new auto two years ago, she chose a $20,000 Porsche. That was the easy part. When she went shopping for auto insurance, two companies refused to insure the sports car. Stunned by their rejection, Kulas wound up with a firm that charges $4,600 a year to insure the Porsche and her husband's BMW. Says she: "This is outrageous. We're being penalized just because we have nice cars...

Author: /time Magazine | Title: A Head-On Collision: California auto-insurance rate revolt | 11/28/1988 | See Source »

Background: Protege of Elliot Richardson, staff secretary to Reagan, a key aide and confidant to James Baker, Deputy Treasury Secretary, now an investment banker...

Author: /time Magazine | Title: The Next Inner Circle | 11/21/1988 | See Source »

...overhead and revamping its marketing philosophy. In a bidding process that may take six months or more, Sears hopes to sell its tower for perhaps six times the $200 million it cost to complete in 1974. In addition, Sears will sell off the commercial-property division of its Coldwell Banker real estate firm for an estimated $500 million, and the health- insurance programs of its Allstate insurance company for $1 billion...

Author: /time Magazine | Title: Moving Back to Main Street | 11/14/1988 | See Source »

...aristocratic Vice President would seem like an ideal target. Son of a Wall Street banker and U.S. Senator. Andover. Yale. Kennebunkport. What could be easier? But Bush reversed the normal equation. The man with four names jettisoned his g's, touted his taste for pork rinds and successfully put himself across as a regular guy. Bush persuaded voters to forget his background by pushing to the foreground the themes of cultural, not economic, populism: patriotism (the flag and the Pledge) and toughness on crime. His campaign has cynically mined the white fears and racism that feed this form of cultural...

Author: /time Magazine | Title: A Dose of Old-Time Populism | 11/7/1988 | See Source »

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