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...future. Teams in humvees and low-flying helicopters rolled into dozens of towns in search of arms caches; riverine squads on inflatable boats cleared mines and other vessels from Umm Qasr harbor; and with help from the Marines, Army Rangers and some locals, a SEAL team freed Private Jessica Lynch from a Nasiriyah hospital...

Author: /time Magazine | Title: Secret Armies Of The Night | 6/23/2003 | See Source »

DIED. DONALD REGAN, 84, former head of Merrill Lynch who left to become Ronald Reagan's Treasury Secretary and then chief of staff; of cancer; in Williamsburg, Va. The burly exMarine spent 35 years at Merrill Lynch before joining the Reagan team, where he was a prime mover behind the landmark 1986 tax reforms. When he became chief of staff, he ran into trouble; the Iran-contra scandal blew up on his watch, and he tangled with the First Lady, who helped speed his ouster after a year. He retaliated with a memoir, For the Record, that disclosed Nancy...

Author: /time Magazine | Title: Milestones Jun. 23, 2003 | 6/23/2003 | See Source »

...Department of Justice and the SEC have been investigating Stewart since early January 2002, just days after she sold about $228,000 of ImClone stock. It was a decision she made grudgingly, according to testimony given to the SEC by Stewart's broker at Merrill Lynch, Peter Bacanovic, because it meant admitting she was wrong. Bacanovic said he and Stewart had reviewed her entire portfolio in a pre-Christmas session of tax planning and disagreed about what to do with her 3,928 shares of ImClone. "She wanted to hold the stock, and I challenged that by saying, 'The stock...

Author: /time Magazine | Title: Why They're Picking on Martha Stewart | 6/16/2003 | See Source »

...Stewart and Bacanovic to explain the events of Dec. 27, 2001. Stewart was on her way to a vacation in Mexico, and Bacanovic--then off on his own holiday--had just learned that ImClone co-founder Sam Waksal wanted to sell all the ImClone shares in his Merrill Lynch account, worth $4.9 million. Bacanovic called Stewart's assistant and left the message "Peter Bacanovic thinks ImClone is going to start trading downward...

Author: /time Magazine | Title: Why They're Picking on Martha Stewart | 6/16/2003 | See Source »

...DIED. Donald Regan, 84, former U.S. Treasury Secretary and White House chief of staff; in Williamsburg, Virginia. Forced to resign in 1987 because of the Iran-contra scandal, Regan, who had previously headed Merrill Lynch, was the driving force behind the Ronald Reagan Administration's tax cuts and downsizing of government. After his resignation, Regan wrote an autobiography, which described his frequent clashes with First Lady Nancy Reagan and revealed her consultations with astrologers...

Author: /time Magazine | Title: Milestones | 6/16/2003 | See Source »

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