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...finance. He didn't come up with the notion (credit academia), but more than anyone else he helped pioneer a new kind of risk-aware investing that offered a first glimpse of a world of high-wire, high-tech finance. His legacy has touched every American with a home loan, a credit card or a checkbook. And it has not only made consolidators like McColl and Weill possible--it has also made them essential and inevitable...

Author: /time Magazine | Title: The Big Bank Theory | 4/27/1998 | See Source »

These smoothly integrated accounts will make old "classical" transactions--like getting a loan or buying stocks--as charming and irrelevant as classical notions that the sun orbits the earth. Because the system will constantly monitor your net worth, you'll be able to draw instantly on assets in one area to create liabilities in another. These computer-run accounts will factor in everything from the weather to the age of your children in plotting out your future demands. "Yesterday's income and today's wealth will always be known with a high degree of confidence," Sanford predicted...

Author: /time Magazine | Title: The Big Bank Theory | 4/27/1998 | See Source »

...said more laws must be passed to complement the Family Medical Leave Act, such as a new proposal to loan money for child care centers...

Author: By Gregory S. Krauss, CRIMSON STAFF WRITER | Title: Pat Schroeder Speaks About Career, Life | 4/20/1998 | See Source »

Gabrielle B. Dreyfus '01 is proud of hers, which she says "is on semi-permanent loan from my brother. I like it because it was broken in. it's black and it's cooler than my other hats. There are a lot of stories behind this hat." Most of them involve the large red letter "F" emblazoned on the front of her hat. Dreyfus explains. "People are always asking what the 'F' means. I think a lot of them think it means 'fuck...

Author: By Susana E. Canseco, | Title: Hats Off! | 4/16/1998 | See Source »

...secret testimony, March 18, was devoted to a six-hour tour of the Clintons' real estate history. Starr apparently hoped he would provide more details about Hillary's role in a house-of-cards residential development called Castle Grande, which Jim McDougal financed through his savings-and-loan, Madison Guaranty. Federal regulators called Castle Grande a sham. Af-ter earning $2 million in commissions and fees for McDougal's associates, it collapsed in 1989 (cost to taxpayers: $4 million), helping trigger the $50 million failure of Madison. In sworn statements to federal regulators, Hillary said she recalled doing little...

Author: /time Magazine | Title: Meanwhile, Back In Arkansas... | 4/13/1998 | See Source »

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