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There is a new sophistication to private-banking clients that has taken some old-line European banks by surprise. "People have this image of private banking as a crusty old frock-coated Lord and Lady Jemima Puddleduck having tea with the bank manager," says Simon de Ferrer of the Royal Bank of Canada. "But the new wealth is more like Richard Branson"--the flamboyant British founder of Virgin Atlantic Airways and Virgin Records...

Author: /time Magazine | Title: Just Hide Me The Money | 12/14/1998 | See Source »

...long, oh Lord, must we suffer? A lot depends on the House -- a vote to impeach means at least another six months of Monica. Meanwhile, President Clinton travels to the land of Canan -- but not before uttering an impassioned plea: Let my people...

Author: /time Magazine | Title: Let My Potato Go | 12/11/1998 | See Source »

Rockefeller believed in a new economic order that he dubbed "cooperation." President Theodore Roosevelt and his trustbusters had another word for it--monopoly--and the Lord proved no help to Rockefeller against T.R. Rockefeller's tough tactics forced America to define the limits of corporate behavior. Since Rockefeller managed to figure out every conceivable anticompetitive practice, the authors of the Sherman Antitrust Act in 1890 simply had to study his career to draw up a reform agenda...

Author: /time Magazine | Title: Blessed Barons | 12/7/1998 | See Source »

...think of the difference he's made. As anyone who has ever suffered through a brutal summer can tell you, if it weren't for Carrier's having made human beings more comfortable, the rates of drunkenness, divorce, brutality and murder would be Lord knows how much higher. Productivity rates would plunge 40% over the world; the deep-sea fishing industry would be deep-sixed; Michelangelo's frescoes in the Sistine Chapel would deteriorate; rare books and manuscripts would fall apart; deep mining for gold, silver and other metals would be impossible; the world's largest telescope wouldn't work...

Author: /time Magazine | Title: WILLIS CARRIER: King Of Cool | 12/7/1998 | See Source »

...being, as his "tastes" reveal: an indoor pool; a 1 1/2-story trampoline room; a salmon stream; a movie theater; a miniature-golf course. Perhaps the most telling gilded lily in Gates' mansion is a system of electronic "art panels" in every room, which at a mouse click allows the lord of the manor to display whatever, say, Rembrandt painting or Ansel Adams photograph he fancies. The rooms even interact with visitors, each of whom gets a microchip ID on arrival...

Author: /time Magazine | Title: Palace Envy | 12/7/1998 | See Source »

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