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Texas billionaire H. Ross Perot has a habit of defying the odds. Born in humble circumstances in Texarkana, Texas, he graduated from the U.S. Naval Academy, spent four years at sea, then went to work briefly for IBM. In 1962 he struck out on his own, launching Dallas-based Electronic Data Systems with $1,000 in savings. He sold it to General Motors 22 years later for $2.5 billion. Along the way, Perot has displayed a willingness to use his wealth for heroic purposes -- and a thirst for publicity. In 1969 he tried to deliver two planeloads of medicine, clothing...

Author: /time Magazine | Title: Plutocratic Populist | 4/6/1992 | See Source »

...back- scratching" loans to finance one another's high-risk moneymaking schemes. Their tower of debt collapsed in 1986, brought down by the energy bust and tenacious federal investigators. Having pleaded guilty to two counts of fraud in 1988, Beebe, 61, now washes laundry in a federal prison in Texarkana, Texas, where he is serving a sentence of one year...

Author: /time Magazine | Title: Dad Would Make a Deal with the Devil | 2/20/1989 | See Source »

...after my 18th birthday, I had decided to visit the Oranges, friends of my family, who had moved to Austin. A week before the crash, I climbed off the bus, dazed and dirty from a three-day ride from Boston. The place looked equally like Dallas and Texarkana to an outsider-wide, flat roads and a dingy Trailways station; except the four cheery Oranges. Arnie and his kids, were standing outside the depot, peering anxiously at the tinted bus window. I hauled myself up from my cramped position in the back seat, marched out of the bus, and managed...

Author: By Naomi L. Pierce, | Title: Car Wrecking Texas-Style | 3/9/1982 | See Source »

Last week, speaking to an exuberant crowd gathered around the steps of the federal courthouse in Texarkana, Texas, Jimmy Carter declared, "There is a great difference between myself and Governor Reagan. There is a great difference between the Republicans and the Democrats. But what we're talking about in this election, as the last days draw to a close, is the difference in the futures we will have...

Author: /time Magazine | Title: The Nation: The Future Begins on Nov. 4 | 11/3/1980 | See Source »

...everything had been infected by decadence. American journalism has always been inspired more by the Mafia than by the Gray Ladies. Moreover, it has a recurring weakness for the kind of tunnel vision that imagines a glimpse into Plato's Retreat reveals the daydreams of the inhabitants of Texarkana. So it is useful to remember the warp of many impressions of the '70s that have gained currency. Some result from the tendency to mistake the new and exotic for the prevalent and enduring...

Author: /time Magazine | Title: Time Essay: The '70s: A Time of Pause | 12/25/1978 | See Source »

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