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...Social Security in a quiet blue-collar cul-de-sac in tiny Bangor, Maine. But they managed to pay $78,000 in cash for that roomy house at the bottom of Hershey Avenue, with a swing set in the backyard. They forked over an additional $17,000 for a Ford Econoline van. Not until drug agents raided the place did neighbors know how they were able to afford...

Author: /time Magazine | Title: The Potent Perils Of a Miracle Drug | 1/8/2001 | See Source »

...also old friends. O'Neill met Fed Chairman Alan Greenspan back in 1969, when both men worked as junior aides in the Nixon White House, and has stayed in touch ever since. O'Neill was such a whiz at mastering the details of Medicare and Social Security that Gerald Ford's White House chief of staff, a young guy named Dick Cheney, promoted him to deputy director of the Office of Management and Budget. By 1975, Cabinet officers like Donald Rumsfeld, the once-and-future Pentagon chief, were trudging hat in hand into O'Neill's office...

Author: /time Magazine | Title: Economic Slowdown: Treasury Department: Paul O'Neil: Turnaround Guy | 1/8/2001 | See Source »

...Neill left government after Ford lost in 1976 and spent 23 years turning cyclical smokestack companies into sturdy profit centers. He first worked his way up the executive ranks of International Paper by boosting the quality of its products, shutting down marginal plants and investing heavily in others. While working at IP in the dark days of the late 1970s, O'Neill made a habit of visiting the plants of competitors overseas that were stealing market share, and then bringing back ways to beat them at their own game. In the late 1980s, he took over as CEO of Alcoa...

Author: /time Magazine | Title: Economic Slowdown: Treasury Department: Paul O'Neil: Turnaround Guy | 1/8/2001 | See Source »

...wrong: Clinton was better to comedians than any other President in the 20th century. Most Presidents give you one good hook--Ford fell off airplanes, Reagan made a movie with a chimp, Carter owned a peanut farm. But Clinton was wildly generous to the comedic mind. In 1992 he served up an exotic tapas buffet of premises that included his saxophone, his too-short jogging shorts, his light-switch "sincerity" and his McDonald's fetish. And as we began hungrily digging in, he emerged with a hearty stew of Gennifer Flowers, "I didn't inhale" and Whitewater...

Author: /time Magazine | Title: What I'll Miss About Bill Clinton | 1/8/2001 | See Source »

Traffic, a $46 million movie based on a British Channel 4 mini-series, bounced between studios after Douglas originally passed as the drug czar and Harrison Ford expressed interest. Although screenwriter Stephen Gaghan rewrote the script to accommodate Ford's concerns (Soderbergh says the character was originally "extremely passive"), the star ultimately opted out. Before Douglas, pleased with the rewrites, came aboard and Traffic landed at USA Films, the project nearly went under. Soderbergh kept it afloat with $100,000 of his own money. "I just felt like this was the time to make this movie," says the director...

Author: /time Magazine | Title: Cinema: Soderbergh's Choice | 1/8/2001 | See Source »

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