Word: georgians
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...rumors were cascading through Washington and Atlanta that his resignation, while not necessarily imminent, was inevitable. One well-placed Atlanta businessman, who is close to both Lance and Carter, told friends that Lance has offered to resign twice, but that Carter talked him out of it both times. Another Georgian quoted Presidential Aide Stu Eizenstat as saying a couple of weeks ago, "It's quite obvious Bert won't survive all this...
...captain of the revamped 12-meter yacht Courageous, had the champagne ready in Newport when George Hinman, head of the six-member selection committee, came to tell him and his crewmen the news: "Gentlemen, you have been selected to defend the America's Cup." Skipper Turner, 38, a Georgian who owns the Atlanta Braves and the Atlanta Hawks (TIME, Aug. 8), had won the right to try to retain for the U.S. the world's oldest international sporting trophy by defeating the other two U.S. aspirants, Enterprise and Independence, in 26 out of 35 races. Before the beginning...
Making Do. The stock squeeze is not the only drain on Lance's resources. The genial Georgian, who made $450,000 the year before joining Carter's Administration but now must make do with his $57,500 Government salary (plus at least $150,000 in investment-related income), pays rent of $15,000 a year for a handsome town house in Georgetown. He owns an elegant 40-room mansion in Atlanta, a $100,000 house in Calhoun, Ga., and a vacation home on Georgia's exclusive Sea Island. Nor does Lance stint on entertaining. In June, with...
Talmadge Bill. Officials stress that the program is only temporary. In part, this is to avoid bruising the feelings of the President's fellow Georgian, Herman Talmadge, chairman of a Senate health subcommittee, who has been working on a more modest cost-containment plan: a bill that offers hospitals bonuses if they keep down Medicaid and Medicare billings. If unrestrained, total Medicaid and Medicare expenditures are expected to leap 18% in the next fiscal year, to $38 billion...
...Portraits of Walpole's family adorn the walls, and a converted squash court houses Lewis' huge holding of 18th century satirical prints. The collection is cross-referenced on 60,000 cards, so detailed that Lewis can easily answer a random question on the length of curtains in Georgian homes. Would Walpole approve? "Oh, yes, terribly," Lewis smiles. The richly furnished estate, plus the collection, will become, on Lewis' death, Yale at Farmington. It is meant, says Lewis, for "the tip-top people in the period. I want wizards...