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...Perfect worlds don't last forever, and Buffett knows that," Leeb says. What Buffett doesn't know is how, or when, this one will unravel. But he's not alone in planning for problems. Some other high-profile investors, including Loews Corp. chairman Lawrence Tisch and international investor George Soros, have big stakes in metals-mining operations. And Federal Reserve Chairman Alan Greenspan has been talking about either inflation or deflation at various times in the past few months. Either one could knock the stock market for a loop, and Buffett's highfliers probably would be among the hardest...

Author: /time Magazine | Title: Buffett's Silver Streak | 2/16/1998 | See Source »

...prosecutor appointed to unravel a land deal (remember Whitewater?) bootstraps himself into a civil suit and thereby compels testimony about the most intimate matters, we will soon have a government that can get to anyone. Everyone has something embarrassing to hide. When we aren't all dealing with a President we're ready to string up, this unfettered intrusion may be what haunts us most. What a Hobbesian choice: lie and face prison or tell the truth and face public humiliation. The perjury follows, even though the act--reprehensible though it might be--did not flow from official duty...

Author: /time Magazine | Title: Clinton's Crisis: Ken Starr, Gumshoe | 2/2/1998 | See Source »

...since hours later her husband will deliver what will undoubtedly be the most-watched State of the Union Address is U.S. history. In Congress, meanwhile, the Democrats maintain their uneasy silence as the Republicans, sitting in tall cotton, relaxed, stretched, and let the presidency continue to unravel, thread by thread -- without their help...

Author: /time Magazine | Title: Lewinsky, Starr, and the Immunity Dance | 1/24/1998 | See Source »

...loan repayments. Three days later in Manhattan, New York Federal Reserve Bank Chairman William McDonough met with six large banks to urge them to roll over loans to Seoul. McDonough also asked the bankers to delay the "margin calls" on currency swaps and derivative deals, which might help unravel the deal. The bankers didn't have much choice: it was go along or go without. Similar meetings took place in Frankfurt, London, Paris and Tokyo. The holiday complicated matters: as Christmas approached, Rubin and Summers spent some time tracking down the nation's "masters of the universe" at various...

Author: /time Magazine | Title: The Asian Crisis: The Rubin Rescue | 1/12/1998 | See Source »

...network's schedule is a complicated skein, and pulling one strand may unravel the whole thing. While Frasier has not beaten Home Improvement, it has helped NBC lift its ratings on Tuesdays, a night that has long been dominated by ABC. Moving Frasier would jeopardize that progress. Another possibility would be to put 3rd Rock from the Sun into the Seinfeld time period. This season, NBC moved 3rd Rock from Sunday nights, where it became a hit, to Wednesdays, where it has struggled going head-to-head with ABC's Drew Carey Show. There's still another scenario: moving Friends...

Author: /time Magazine | Title: Television: Can Anybody Fill Seinfeld's Shoes? | 1/12/1998 | See Source »

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