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...rate they are going, the Hunt brothers of Texas may lose so much of their fortune that they will be able to count what remains at the kitchen table. Just eight years ago, Nelson Bunker, 62, William Herbert, 59, and Lamar, 56 -- heirs of the legendary Oilman H.L. Hunt -- commanded a combined net worth of more than $5 billion. Since then their fortune has plummeted to $1 billion or less, and it could keep right on shrinking until they are no longer "big rich," as Texans refer to the truly wealthy. The brothers are fighting a complex and heated battle...

Author: /time Magazine | Title: Big Bill for a Bullion Binge | 8/29/1988 | See Source »

...advisers believe that no domino effect will occur, since the other lawsuits differ in some respects from the Minpeco case. But that may be wishful thinking. Says a Government official: "The Hunts may appeal and fight for a while, but the total loss of their fortune is inevitable." Warns Herbert Deutsch, an attorney for the plaintiffs in one of the class actions: "My case alone will kill them. If they have assets anywhere, I will ferret them out and satisfy my clients' claims...

Author: /time Magazine | Title: Big Bill for a Bullion Binge | 8/29/1988 | See Source »

...presidency itself, Reagan became the conservative constant through two decades of Republican resurgence. This Monday in New Orleans, the era's most successful Republican politician will take the podium to thunderous applause and, as part of his final bow, urge Americans to continue his legacy by supporting George Herbert Walker Bush, the dutiful deputy who has been tapped as his heir...

Author: /time Magazine | Title: The Republicans The Torch Is Passed | 8/22/1988 | See Source »

...parents, Phillips Andover Academy and the war -- the three being much the same thing for him -- made George Bush what he is. His family was made up of fiercely competitive athletes. Golfing's Walker Cup is named -- like George Herbert Walker Bush himself -- for the polo-playing grandfather who established that event. George's mother, still alive and energetic (like her four siblings), was a championship tennis player and determined swimmer. His father, Senator Prescott Bush, silent at the family table, was already thinking ahead to the golf course he attended with the same dutifulness he brought to Greenwich, Conn...

Author: /time Magazine | Title: The Republicans | 8/22/1988 | See Source »

...people killed aboard the plane included U.S. defense adviser Brig. Gen. Herbert M. Wassom and five top Pakistani generals. The group had been inspecting a military unit near Bahawalpur...

Author: NO WRITER ATTRIBUTED | Title: Bodies of Zia, U.S. Ambassador Found | 8/19/1988 | See Source »

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