Word: robert
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Dates: during 1990-1999
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David Kendall was a natural choice: unlike Robert Bennett, Clinton's garrulous lawyer in the Jones case, Kendall was Hillary in a gray suit, polished to a smooth, tough sheen, fast on his feet, discreet and unflinching under pressure. Hillary viewed him as that rarest ally, "someone I could count on and trust implicitly," the First Lady told TIME in an interview...
That wasn't just Bennett's customary gravitas. It was the sound of conservatism in despair, a bewildered keening that could just as easily have come from Gary Bauer or Robert Bork or William Kristol. All year the political right awaited the moment when everyone would agree that Ken Starr's investigation was the institutional expression of a national consensus, namely that the President's relationship with Lewinsky was not simply wrong but criminal. That means it was something that it was the proper business of government to discover, interrogate, rip to pieces, expose and punish. What happened of course...
...them, government interference with private economic behavior remains a bad thing, but regulation of other kinds of private behavior, chiefly meaning sex, is something America needs more of. This is the line of thought represented most famously by Robert Bork in his 1996 best seller, Slouching Towards Gomorrah. Bork warns that America is in the grip of a radical individualism that recognizes no limit to the right of personal gratification, one for which the pleasure principle is the only principle that counts...
...fund was founded in 1994 by John Meriwether, a former vice chairman of Salomon Brothers, and its partners included Nobel laureate economists Myron Scholes and Robert Merton, whose market models helped give Long Term Capital an aura of near infallibility. Until September, that is, when word leaked that the firm was in danger of suffering losses so catastrophic they could send the already troubled world financial system into a tailspin. A $3.6 billion rescue package was cobbled together by the Federal Reserve Bank of New York and a consortium of 14 U.S. and foreign lenders...
...have recovered only a sliver of their pre-August stakes. Meanwhile, the Securities and Exchange Commission is reportedly investigating whether Long Term Capital violated securities laws by withholding information on its financial health. Moreover, the entire debacle may prompt long-term changes in the hedge-fund industry: Treasury Secretary Robert Rubin is examining whether such funds should be more closely regulated. --Reported by Bernard Baumohl/New York...