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...worth??$4.2 billion, but Nina Wang, Asia's richest woman, liked to eat takeout and shop at discount outlets. The saga of "Little Sweetie," as she was dubbed by the Hong Kong press, became tabloid fodder as she battled her father-in-law over the fortune of her real estate--tycoon husband Teddy Wang, who was kidnapped in 1990 and never seen again. (A 2005 ruling allowed her to hold on to the estate.) She was 69 and reportedly had ovarian cancer...

Author: /time Magazine | Title: Milestones Apr. 16, 2007 | 4/5/2007 | See Source »

Philosophers of capitalism defend inequality on two grounds. Economist Friedrich A. Hayek, a Nobel Laureate, argues persuasively that the only alternative to the market's unequal apportionment of rewards is distribution of income on the basis of each person's moral worth???and who could possibly judge that fairly? Pragmatically, many theorists contend that inequality is necessary to reward with high income the initiative that produces economic growth. They add that growth makes the poor if not nearly equal to the rich, at least better off than they would be in a stagnant economy that distributed wealth equally. According...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

...Slipper about twice a month, where they sat at a small table near an emergency fire exit. Sometimes he ordered magnums of champagne for Fanne and drinks for the house, rarely less than $100 worth in a single evening and on one memorable occasion, it is said, $ 1,700 worth???paid for in cash...

Author: /time Magazine | Title: DEMOCRATS: Wilbur's Argentine Firecracker | 10/21/1974 | See Source »

...earned together less than $30,000 a year. Now, from raises and book advances, magazine, paperback and movie rights (Robert Redford wants to play Woodward), each reporter stands to earn more than $500,000 before taxes from the book, a sum that could surpass President Nixon's net worth???after he pays all his back taxes...

Author: /time Magazine | Title: The Press: Woodstein Meets Deep Throat | 4/22/1974 | See Source »

...showed no signs of being disturbed at the obviously minor clashes on policy. Rather, the whole Washington program seemed aimed at convincing De Gaulle that the U.S. takes him at his full worth???perhaps in hopes that differences will thaw once he is so reassured. The official kid-glove treatment ranged from the right food at state dinners (simple meals, no sauce on the steaks) to carefully planned walking requirements (since he is too vain to wear his thick glasses a moment more than necessary, De Gaulle's every step in strange territory is a source of trouble...

Author: /time Magazine | Title: DIPLOMACY: Symb< >ol of Pride | 5/2/1960 | See Source »

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