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...contributions will have to stop. To keep that from happening, the club is calling on the government to?of course!?reduce the gambling tax. On average, 13.5% of every bet is skimmed off by the taxman. Wong, a Michigan State University engineering graduate who worked for 30 years at Ford Motor Co. before becoming jockey-club CEO in 1996, says that rate is among the highest on horse racing in the world?so high, Wong maintains, that it encourages competition in the form of unlicensed bookies who can offer better odds because they tithe nothing. The situation "sets up Hong...

Author: /time Magazine | Title: Fading Down The Stretch? | 11/29/2004 | See Source »

...they have endured on the political battlefield. And then, once they get their library centers up and functioning, they reach out to one another. Last week, when both President Bushes and President Carter joined Bill Clinton for the opening of his new Presidential Center in Little Rock, Ark. (Gerald Ford, 91, did not feel up to the trip), they got drenched in the rain like everyone else. But afterward they and their wives got to dry out in the Clintons' private apartment at the top of the building. They drank hot tea and talked about how to resuscitate their clothes...

Author: /time Magazine | Title: Raindrops and Reconciliation | 11/29/2004 | See Source »

Consider: Vice President Nixon ran in 1960 after eight years of Eisenhower. Vice President Humphrey ran in '68 as successor to Kennedy-Johnson. Nixon's appointed Vice President, Gerald Ford, ran in '76 after the second Nixon term (although, because of Nixon's resignation, he ran peculiarly as an incumbent President). George H.W. Bush ran in '88 for what was essentially Reagan's third term. And Al Gore, try as he might, never did disconnect himself from the Clinton-Gore Administration in which he had served...

Author: /time Magazine | Title: Why Bush Has No Fear | 11/29/2004 | See Source »

...With his first collection for the fabled French couture house, Pilati did an about-face from his former boss Tom Ford and scrounged through Saint Laurent's archives, bringing back all the iconic pieces that Saint Laurent himself made famous, including the safari shirt, now in supple ultrasuede. Pilati even created a "must-have" handbag and named it after the model from 1968: the Veruschka...

Author: /time Magazine | Title: Into the Wild | 11/22/2004 | See Source »

Winegardner has to look far and wide to find bits of the picture that Puzo and Francis Ford Coppola haven't already colored in, and as a result the novel is a bit of a grab bag. We follow the later careers of consigliereTom Hagen, who becomes a politician in Nevada, and singer Johnny Fontane, who, like Frank Sinatra, "helped transform Las Vegas ... into the fastest growing city in the United States." We also see more of Michael's sad-sack brother Fredo Corleone, who turns out to be a self-hating bisexual, and--in case you cared--the late...

Author: /time Magazine | Title: Books: An Offer You Can Refuse | 11/22/2004 | See Source »

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