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...somehow never learned from his NSC subordinates of keen FBI concerns that China was trying to influence congressional elections. Questions about his competence deepened today on reports that even after his own NSC tried to warn the White House that Joh nny Chung was "a hustler" who might embarrass the Clintons, Chung blithely continued to visit Hillary Clinton's office. Apparently, the warning never reached the right folks. Committee chairman Richard Shelby wondered aloud whether Congress or t he White House could trust Lake to report critical information, given his dead-letter performance at NSC: "How can we be sure...

Author: /time Magazine | Title: Time Daily of March 12, 1997 | 3/12/1997 | See Source »

...government of President Ernesto Zedillo, which succeeded a regime peppered with charges of corruption, had made great efforts to be seen as a credible partner in the war against drugs. Why then would Zedillo fail to send an early warning when Gutierrez was first suspected--and as a result embarrass the Administration? The timing was especially unfortunate. The arrest took place less than two weeks before Clinton is to send his annual report to Congress certifying Mexico's commitment to the antidrug effort. While Clinton will not decertify Mexico, the news undercuts his claim that antidrug cooperation has improved under...

Author: /time Magazine | Title: CLUELESS IN WASHINGTON | 3/3/1997 | See Source »

...know," he explained anthropologically, "is that the culture out of which they come doesn't draw the same bright lines between politics, government and business that we do." He was describing the Asian-American donors whose largesse had done so much to help re-elect him in 1996 and embarrass him in 1997. But he might just as well have been describing his own roots in Arkansas' cash-and-carry politics, a "culture" that Clinton brought with him to Washington and that by last week had allowed him to startle a city that does not normally blush when money...

Author: /time Magazine | Title: CASH-AND-CARRY DIPLOMACY | 2/24/1997 | See Source »

...companies--Dow Jones is a recent target--in order to improve their laggard stock prices. Meanwhile, the California Public Employees' Retirement System (CalPERS), the nation's largest pension fund with a mountainous $108 billion under management, each year flaunts a list of losers it owns to try to embarrass CEOs into remedial action. CalPERS and other managers--be they of mutual funds or public or private pension funds--have generally wielded their clout for the good of all. The money, after all, is largely ours. We should cheer as they ferret out clueless CEOs and demand solutions. Indeed, the average...

Author: /time Magazine | Title: OUT OF STEP ON REEBOK | 2/24/1997 | See Source »

...late 1950s. Hwang would be the highest-ranking North Korean official to defect to the South since the division of the Korean Peninsula a half-century ago. His stunning move puts Beijing, a traditional ally of Pyongyang, in a bind. Allowing him to fly to Seoul will embarrass and infuriate North Korea. South Korean officials are conferring with the Chinese government on how to bring Hwang to Seoul. Unless a face-saving compromise is found, a protracted diplomatic standoff looms. Why would such a senior and influential leader defect at this time? "Possible explanations read like a multiple choice," notes...

Author: /time Magazine | Title: Beijing Holds The Trump | 2/12/1997 | See Source »

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