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Outraged politicians calling for congressional hearings. Pundits railing about abuse of power. And long-suffering Democrats trying in vain to defend their party leader. The ugly, all too familiar scene in Washington last week almost made you wonder if Bill Clinton had won that elusive third term. Even as he secured an 11th-hour deal to avoid prosecution in the Lewinsky mess, Clinton was adding a brand-new chapter to his book of scandal...

Author: /time Magazine | Title: What's That Smell? | 2/5/2001 | See Source »

...wonder, then, that in the fall of 1999, when Quinn contacted the U.S. Attorney's office in New York about making a deal, he got, as he says, "the back of the hand" from U.S. Attorney Mary Jo White. In Quinn's view, the original criminal prosecution of Rich was flawed, making an example of him for an offense that other oil companies had simply been fined for. But the Justice Department wasn't buying it. Officials insisted that no negotiations could begin until Rich went home to face the music...

Author: /time Magazine | Title: What's That Smell? | 2/5/2001 | See Source »

Before long, this soft-spoken boy wonder had helped create a new, hugely profitable oil-trading business for the firm, and he wanted a bigger share of it. In 1974, when Rich and his trusted colleague, Pinky Green, didn't get the $1 million bonuses they had been promised, they decided to strike out on their own. As his business took off in the late '70s and early '80s, Rich became even bolder. He worked secretly with the Malaysian government to drive up the price of tin and allegedly violated international embargoes by selling Soviet oil to South Africa...

Author: /time Magazine | Title: What's That Smell? | 2/5/2001 | See Source »

...problem has bothered Soros for more than 40 years, tickled at him in his waking dreams in the way you might wonder if you have left an iron on at home. In 1963 it bothered him so much that he walked away from investing and spent three years just thinking about it. The problem is not what you think. The problem is not how to make money. That's easy, he says. You do that by spotting mistakes...

Author: /time Magazine | Title: How to Be a Billionaire: Worry! | 2/5/2001 | See Source »

...Christian Lacroix appeared to take inspiration from the fluttery fashions of ice skaters (lower right), clashing patterns, colors and whatever else he could find. Elle noted Lacroix was "both sublime and ridiculous." Of course he was. Finally, John Galliano's collection (far right) for Christian Dior was inspired by Wonder Woman. Models re-enacted the recent history of female liberation, beginning as Eisenhower-era suburban consumers accessorized with Brillo pads, teacups and plastic babies, and ending as heavy-metal superhero chicks in ripped clothes and boots. Fashion history really is the best history...

Author: /time Magazine | Title: People: Feb. 5, 2001 | 2/5/2001 | See Source »

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