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...advantage of the year-end sale were some of the savviest business minds in the country: former Treasury Secretary William Simon, former Commerce Secretary Peter Peterson, Revlon chairman Ronald Perelman and financier Robert Bass. Simon was assisted in his low-cost purchase of a $1 billion California thrift by Preston Martin, who served as vice chairman of the Federal Reserve Board from...

Author: /time Magazine | Title: The $70 Billion Sellout | 10/1/1990 | See Source »

...code: detective chief superintendent Roy Fletcher in Preston, Lancashire, called on the Times's chess columnist, grand master Raymond Keene. At first, Keene was as befuddled as the police. Then he recalled that Lewis Carroll's Through the Looking-Glass is prefaced by a chess problem in which Alice wins in 11 moves after entering a reversed world on the other side...

Author: /time Magazine | Title: Britain Where Is the Black Queen? | 8/6/1990 | See Source »

...PRESTON STURGES: THE RISE AND FALL OF AN AMERICAN DREAMER (PBS, July 2, 9 p.m. on most stations). Hollywood's brilliant burnout, who created a string of comedy classics in the 1940s, then faded into oblivion, is profiled in the first American Masters segment of the summer. If only for the wonderful clips, a don't-miss...

Author: /time Magazine | Title: Critics Voices: Jul. 2, 1990 | 7/2/1990 | See Source »

...Binion's Horseshoe in Las Vegas. Maybe 170 players are left of the 194 who began chasing the $835,000 first prize with $10,000 each in chips. From three tables away, a raspy Texas drawl cuts through the watery green air of Binion's cardroom. Amarillo Slim Preston is telling stories, fogging his opponents with rascally nonsense. Something about beating somebody in 312 straight games of gin rummy. Something about riding a camel through a casino in Marrakech. Preston is a tough, lanky, 61-year-old cattleman in jeans and a straw Stetson who won this tournament...

Author: /time Magazine | Title: Las Vegas, Nevada The Big Poker Freeze-Out | 6/18/1990 | See Source »

...gods of poker are not impressed. Preston bumps a pair of queens, and the last $3,500 of his $10,000 stake, against what turns out to be a pair of kings. Now Slim is out of the action, and so is 83-year-old Johnny Moss of Odessa, Texas, a three-time champion with the smile of a crocodile. Earlier, Moss had said, "I like my chances better than anybody's. If a man can go high, I can go higher." Not this time...

Author: /time Magazine | Title: Las Vegas, Nevada The Big Poker Freeze-Out | 6/18/1990 | See Source »

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