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Confirming rampant rumors that he was headed to Houston, Treasury Secretary Lloyd Bentsen resigned today. Named to replace him was longtime Wall Streeter and Clinton economic advisor Robert Rubin. Bentsen said he wanted to return to Texas to spend more time with his children and grandchildren and "return to the private sector . . . while I still had a spring in my step." Bentsen -- who leaves in two weeks -- served in the Senate for 22 years and ran as vice president in 1988 on the ticket headed by Michael Dukakis.His replacement, currently head of Clinton's National Economic Council, spent nearly three...

Author: /time Magazine | Title: BENTSEN OUT, RUBIN IN AT TREASURY | 12/6/1994 | See Source »

This was more a bungled, shabby attempt than a cleverly diabolical ruse worthy of Harvard. A great deal of embellishment might make it a memorably heroic story for these folks' grandchildren, but we wouldn't count...

Author: NO WRITER ATTRIBUTED | Title: Students' Stunts Mar The Game | 11/21/1994 | See Source »

Several hyperactive small children, without costumes, would swarm around the Nixons. They ran around the driveway and consumed large amounts of sugar. They appeared to be the Nixon grandchildren, and they had important roles to play in the Halloween drama. When a candy basket was empty, they would run inside the house and scream, "More candy! More candy...

Author: By David B. Lat, | Title: Trick-or-Treat, Tricky Dick | 10/31/1994 | See Source »

...power hostess, widow of multimillionaire Averell, and currently U.S. Ambassador to France, has always been fiercely protective of her wealth -- every last dollar, every last dime. Now, money is at the heart of a legal battle between Harriman and Averell's descendants by his first marriage -- two daughters, six grandchildren and 11 great-grandchildren. The scions of the late Governor charge that his second wife, who inherited most of his estimated $65 million legacy, has wasted the $30 million of their trust funds on ill-advised investments, leaving them with a relatively paltry $3 million...

Author: /time Magazine | Title: All My Stepchildren? Or Stepmommie Dearest? | 10/3/1994 | See Source »

...Clifford says, Harriman asked him and Warnke, both old friends, to serve as trustees for nine trusts for his children and grandchildren. After her husband's death in 1986, Pamela became a general partner in the enterprise. Within four years the initial $12 million investment had grown to $25 million. Clifford says the heirs complained they were not getting enough income, so the partnership overseeing funds diversified beyond securities. Some of the new investments were money losers. Clifford says more than $4.5 million was invested in a New Jersey resort that he admits "didn't develop in the manner...

Author: /time Magazine | Title: All My Stepchildren? Or Stepmommie Dearest? | 10/3/1994 | See Source »

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