Word: mcdougall
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...McDougal was the kind of go-go entrepreneur that likes to befriend politicians but that politicians sometimes later regret ever having met. His friendship with fellow Arkansan Bill Clinton began in the late 1960s, when both were young staffers for Senator William Fulbright. In 1978 Bill and Hillary joined McDougal and his wife Susan in a real estate venture. A year later, Clinton became Governor and appointed McDougal his economic-development adviser. By the early 1980s, McDougal had left government work to make his fortune: he converted Madison Guaranty, a tiny institution, into one of the largest savings and loan...
While hardly anyone accuses Clinton of going into politics to get rich, his wealth of friends can be more problematic. So when stories resurfaced last week linking the President and First Lady to a new federal probe into McDougal's S&L, the details may have revealed less about any financial wrongdoing than about the potential hazards of small-state politics in Arkansas, where the Clintons maintained a close network of political allies and business associates...
Essentially, there are two issues. One is that in 1978, when Clinton was Arkansas attorney general, he and Hillary invested in Whitewater Development Co., a corporation that planned to sell lots for vacation homes. They maintained their investment even after 1982, when Jim McDougal, head of Whitewater, became majority owner of the now defunct Madison Guaranty Savings and Loan, which was regulated by the state Clinton shortly was elected to govern. (After winning his first two-year gubernatorial term in 1978, Clinton lost his 1980 bid.) The other is that Hillary was a partner in the Rose Law Firm, which...
Gabler arrived at the hearings with two aides from her nonprofit Educational Research Analysts organization and 600 pages of detailed objections to publishers' offerings. In a fourth-grade text by McDougal, Littell & Co., the Gablers objected to a paragraph listing beneficial qualities of drugs like insulin for diabetes on the grounds that such information "is instilling in student minds that the term drugs refers to a beneficial product." In a junior high health text by Ginn & Co., the Gablers took exception to a chapter titled "When Things go Wrong." Their demand: a positive chapter called "When Things Go Right...
...pennies a pound off hamburger. Beef prices in general are expected to level out or decline a bit in the months ahead. But the psychological blow to ranchers has been devastating. The value of their cattle has dropped $6 billion since Carter's import decision, says McDougal, who adds, "We feel betrayed...