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...speech was one thing all speeches want to be. It was historic. It changed things. Alice Roosevelt Longworth once explained the scandal-plagued President Warren Harding to a friend: "Harding was not a bad man, he was just a slob." For six years, Bill Clinton's countrymen have thought that for all his messiness and melodrama, he was a basically good fellow, our Bubba, our flawed and favored good ole boy. But after this speech, with its sullen anger and trimming, a chord may have been broken, an estrangement begun. Something tells me "He's not a slob...

Author: /time Magazine | Title: Why Bill Clinton's Speech Will Live In Infamy | 8/31/1998 | See Source »

...that's terrific news. In general, it means you get access to timely research, lower commissions, better service and, increasingly, Wall Street's top money managers. A few years ago, Warren Buffett created a lower-priced Berkshire Hathaway stock, dubbed "Baby Berkshires," to satisfy retail demand. Now the venerable pension-fund manager Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), also known as the Teachers, has gone downmarket...

Author: /time Magazine | Title: Follow The Teacher | 8/31/1998 | See Source »

Hollywood is abuzz with rumors that former superagent and Disney president Michael Ovitz plans to start a talent-management business. He would presumably bring along former clients, including Sydney Pollack, Warren Beatty, Dustin Hoffman and Kevin Costner. The fact that most on that list are over 50 has apparently not been lost on Ovitz, who is said to be courting Brad Grey (who declined) and hot young Hollywood manager Rick Yorn, of Industry Entertainment. Yorn represents Leonardo DiCaprio, for one. Other clients include Cameron Diaz and Claire Danes...

Author: /time Magazine | Title: Is Mike Back? | 8/30/1998 | See Source »

...Reds (1981). Warren Beatty's epic is very much a recollection of Gone With the Wind, and it shares the Selznick classic's main failing: It takes too long getting to the war. Diane Keaton, we are told, is radiant enough to ensnare Beatty's Jack Reed and Nicholson's Eugene O'Neill -- but it's a captivation the viewer somehow doesn't share. And aren't "The Witnesses" just an endless parade of wizened faces fleshing out a story we'd rather watch ourselves...

Author: /time Magazine | Title: Potatoes of the World, Unite! | 8/28/1998 | See Source »

...Midwestern retailing maven who, as a non-English-speaking Russian immigrant, founded the Nebraska Furniture Mart in 1937 and fostered its growth into one of the nation's largest home-furnishings stores; in Omaha. Blumkin's aggressive marketing philosophy rested on underselling her competitors. Among her fans was Warren Buffett, who bought majority control of the Mart...

Author: /time Magazine | Title: Milestones Aug. 24, 1998 | 8/24/1998 | See Source »

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