Word: tycooning
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...nasty three-way race for California's Democratic gubernatorial nomination, Gray Davis was supposed to be the roadkill candidate: a bland career politician squashed by two glamorous multimillionaire opponents--airline tycoon Al Checchi and Representative Jane Harman. Davis, the state's solid but uninspiring lieutenant governor, was ignored by pundits and written off by insiders who are convinced that California has entered the age of the "virtual campaign," in which elections are won and lost solely in the ectoplasm of television ads. According to this theory, Californians don't follow politics, and the local news media barely cover...
Naturally, RUPERT MURDOCH gave the scoop that his marriage was on the rocks to Liz Smith of his very own New York Post, which politely said the Australian-born tycoon and ANNA, his wife of nearly 31 years, were trying to work it out. Somewhat less naturally, he broke it to most of his family at about the same time. How do the media cover the split of a guy who buys ink by the tankerful? Delicately. In Australia, the big tabloids, which are Murdoch-owned, ran teensy items on inside pages. In Britain, Murdoch's Sun, for whom this...
MOSCOW: Boris Yeltsin has been warned -- watch out for Boris Berezovsky. As Yeltsin?s prot?g? Sergei Kiriyenko sets about building a new government, the tycoon Berezovsky yesterday dealt Yeltsin a stunning political blow by being appointed secretary of the Commonwealth of Independent States. ?From a standing start, Berezovsky in 10 days managed to persuade 11 presidents of former Soviet Republics to present Yeltsin with an unpalatable fait accompli,? says TIME Moscow bureau chief Paul Quinn-Judge. ?Berezovsky ran rings around Yeltsin...
...sisters (the oldest married Vincent Astor, the youngest was the legendary society figure Babe Paley), she wrote the book on marrying money. The first wife of F.D.R.'s oldest son, James Roosevelt (when mother-in-law Eleanor was away, Betsey played White House hostess), she was the widow of tycoon John Hay ("Jock") Whitney...
...Chernomyrdin's candidacy has the all-important support of media -- and oil tycoon Boris Berezovsky. "The big money follows Berezovsky," says TIME Moscow bureau chief Paul Quinn-Judge. "He's telling the other oligarchs that Chernomyrdin is perfect because he can work with the Communists. They feel safe with him because he's likely to ensure business as usual." That's assuming they can get the public to elect a man who, Quinn-Judge says, shows no discernible charisma, is unable to speak in public and has been publicly humiliated by Yeltsin. But first they have to get the unpredictable...