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Orange Countians were eager to pin it all on Citron. So conservative after hours that he preferred to keep his own money in bank accounts, Citron was nonetheless known throughout California as a high-rolling wizard when it came to public money. In 1979 Citron helped change a state law to allow counties to - borrow vast amounts through arrangements called reverse repurchase agreements. Such deals permit treasurers to take out what amount to short-term loans from firms like Merrill Lynch and invest the proceeds in longer-term bonds that pay more interest. In pursuit of this strategy, Citron added...

Author: /time Magazine | Title: The California Wipeout | 12/19/1994 | See Source »

...enacted in the U.S. -- has divided Californians along ethnic and economic lines, its angry message reverberating across the country. "When we were prospering, we closed our eyes to illegal immigration," said Juan Rivera, president of Lamont's chamber of commerce. "Now because times are tough, it is easy to pin the blame on one group...

Author: /time Magazine | Title: THE ELECTION: Making and Breaking Law | 11/21/1994 | See Source »

...droll souls like Busch, as well as to camp cabaret like the French import Les Incroyables (70 endless minutes of cross-dressing, lip-synching and canned cancan) and innocent party-time musicals like Nunsense 2: The Sequel (this time the good sisters of Mount Saint Helen's School play "Pin the Braid on Sinead...

Author: /time Magazine | Title: THEATER: Les Formidables | 11/14/1994 | See Source »

...Republicans get a majority in the Senate, he has to wear an Oliver North button tomorrow," Marcucci said. "If the Democrats win, I have to wear a Clinton-Gore pin...

Author: By Andrew A. Green and David L. Greene, S | Title: Students Mourn, Cheer GOP Gains | 11/9/1994 | See Source »

...might have worked even better without the damaging memo by Clinton Budget Director Alice Rivlin that was leaked to the press last week. In summarizing options for reducing the deficit, the memo listed many of the same measures, like trimming Social Security benefits, that the Democrats had tried to pin on the Republicans. Though the White House rushed to deny that it would consider Rivlin's more controversial choices, Gingrich saw his opening. "We printed our word so every American could see it," he says. "The Clinton Administration kept their word secret until it was leaked...

Author: /time Magazine | Title: Bringing Down the House G.O.P. Guerrilla | 11/7/1994 | See Source »

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