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ginnyinWI Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-05 11:33 PM
Original message
The richest Senators--Kerry mentioned
This is an article from SFgate, mainly about Sen. Feinstein--and her wealthy spouse, but Kerry and Teresa are also mentioned:

"Sen. Dianne Feinstein goes into her 2006 re-election campaign as one of the richest members of the U.S. Senate, an elite club where roughly half the members are millionaires, her annual financial disclosure statement showed Friday.

Feinstein is a millionaire in her own right, but her wealth is multiplied many times over by that of her husband, San Francisco-based international investor Richard C. Blum. He is among the richest Senate spouses, along with Teresa Heinz Kerry, wife of the Democratic 2004 presidential nominee, Sen. John Kerry of Massachusetts.

It's impossible to paint an exact financial picture for Feinstein or her fellow senators because congressional reporting rules allow for wide estimates of value, but it is clear she and Blum are among the Senate's richest members, including Kerry, Majority Leader Sen. Bill Frist, R-Tenn.; Sen. Jon Corzine D- N.J.; and Sen. Herb Kohl, D-Wis.

Senators were required to file their annual disclosure forms on June 15, but Feinstein was one of six lawmakers who sought the permitted one-month extension. She filed her 139-page report on July 15, but under Senate rules the document wasn't made public until Friday."


http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/08/13/BAGOHE7DA21.DTL&feed=rss.bayarea

(If any of you are like me, any mention of Kerry is interesting!)

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beachmom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 08:02 AM
Response to Original message
1. How do they figure wealth if married to wealthy spouse?
Edited on Wed Sep-07-05 08:03 AM by beachmom
I don't know -- to me, Kerry isn't particularly rich (maybe $1 million -- not that much in the scheme of things). He and Teresa have a prenuptual agreement, and surely her sons will inherit everything when she dies. Since it's a second marriage, and there were children from her first, I don't view his marriage to Teresa as the windfall others do. I would say that, financially speaking, the marriage gave him stability (he is able to save more money since he can use her houses, boats, etc.), and that the only thing he got out of it was the purchase of the Beacon Hill home. That house was half his after the purchase, regardless of whether he pays the mortgage or put a down payment down, and he was able to borrow against it for the campaign. Other than that, none of the other stuff is his. In my book, that doesn't make you rich. And if you marry somebody simply because they're rich and don't really love them, in my book, that's too high a price to pay. IMHO, he loves her and the money was icing on the cake, and the reason why he ended up marrying 2 rich women was because those are the circles he travelled in. Or does anyone believe the "landless Aristocrat" theory from the Boston Globe, that he had the right breeding but needed to find a woman of property?
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whometense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 08:16 AM
Response to Reply #1
2. No, the Boston Globe
Edited on Wed Sep-07-05 08:17 AM by whometense
is full of crap. I think you have it exactly right. It always makes me scratch my head when they talk about how rich Kerry is - he's not. Teresa is, but as you pointed out, that's not his money; it belongs to Teresa, and after her to the Heinz boys.

I always figure that kind of talk is motivated either by envy or by pure political malevolence. John and Teresa seem to have an excellent marriage, and you'd have to be an idiot (not to mention totally ignorant of John's character) to think he married her for her money.
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TayTay Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 08:21 AM
Response to Reply #2
3. This is completely true
The analysis of the time Kerry put his half of the Beacon Hill house up to cover the campaign in Nov of 2003 shows this. He faced the loss of his house. If he had lost that gamble, he might have had to leave the Senate in order to make enough money to bail out his financial situation. Friends warned him not to put the house up as collateral on a loan for just this reason.

Teresa and the Heinz children are very wealthy. Teresa owns 4 1/2 houses. Sen. Kerry owns 1/2 of a house. (That is worth about 12 million now, so it's not chicken change either.) They also have mutual investments that have paid off since the marriage in May of '95. So Kerry does have money that puts his personal fortune in the millions. The Heinz fortune is in the hundreds of millions.
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Mass Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 08:21 AM
Response to Reply #2
4. Anyway they could not decide who did not love the other one
during the campaign.

They wanted it two ways: he married her for her money and she did not love him (only her first husband). I was never able to make sense of that. RW spin as it comes.
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ginnyinWI Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 10:14 AM
Response to Reply #4
9. they would have spun (lied) about them, no matter what,
'cause that's what they do.

They were able to make them into stereotypes, because so many people are ignorant of things like campaign laws, and assumed a lot that wasn't true. My mom thought that Kerry was only doing as well as he was because he was using all of Teresa's money to campaign with! (Don't worry, I set her straight!) It is amazing how clueless some people are. My mom "knows" everything she "knows" about wealthy people from watching old Hollywood movies! Wealthy woman + handsome man = gigolo. :(
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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 08:52 AM
Response to Reply #1
5. I hate their "Landless Aristocrat" theory
Edited on Wed Sep-07-05 09:00 AM by karynnj
The landless aristocrats in novels and life did nothing and traded only on their charm and title - marrying rich women lacking the appropriate breeding. Referring to Kerry as such is intended to diminish him - ignoring that he has worked for the country his entire life.

If anything, it was his connection to the rich that impoverished him for years. If he and his first wife didn't come from a circle where exclusive private schools were the norm, it is more likely that he, like other Senators could have lived on his salary. The fact that he was near broke can be seen positively. He seems to have for the most part not availed himself of the special "opportunities" available to public figures, even though it would have to have been tempting when all his peers, most likely working less hard than he, were multi-millionaires.

I agree that they were simply the women in the circles he traveled in at those two times of his life. I mean, how classic is it that he married the sister of a college friend - that is so 1950 - 1960 girl book trite. Kerry, when he met Julia, could have opted to use the same skills he used for the country to become wealthy. Once he was a private lawyer, he could have used his eloquence and legal skills to amass a John Edwards sized fortune. He clearly is not motivated by money.

I really think they should have used the story of how he and Teresa met. They were both working on Global warming/ the environment and met at a conference where Teresa was choosen as one of the non-political people for the US contingent. Kerry went to all of the conferences hoping to create a better world, not find a wealthy wife. They talked more after they both went to church on the Sunday. Her adult children seem to have both an enormous amount of respect and affection for him - not a likely situation if there were any hint that he were only with her because of her money. Their comments about each other seem to be those of two private people who clearly feel they were lucky to find each other.

The same people who suggest he married Teresa for money also describe him as aloof and unlikable - if he can't connect with people and is unlikable, what exactly possessed a beautiful, brilliant, caring woman like Teresa to even spend more than ten minutes talking to him. That charge is really as insulting to Teresa as to John. Who could Teresa marry? The writers need to look at what it says about them. (Do they question any other politician's marriage? (other than the Clintons, no - Bush met and married Laura within months immediately before he tried to run for college. Does anyone question whether he needed the wife to complete the picture?)
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TayTay Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 09:19 AM
Response to Reply #5
6. Not completely true
Edited on Wed Sep-07-05 09:22 AM by TayTay
Julia Thorne was from a very old New England family (and is/was, if anything, even more blue-blooded than her first husband. Kerry's daughters are more blue-blooded than him. Since they are such down to earth, good types, it shows how much this means in real life -- bupkiss (sp) or nothing much. It's interesting, but doesn't mean much unless you too are a relative.) Julia Thorne used family money to purchase homes in the early years of the marriage. That's a fact, Jack. And they were in mostly her name.

Her first husband made money in his years out of the public spotlight. (Those narrow two or three years when he wasn't in the DA's office or in elected office. He made some good money and moved to the tony town of Newton. That was his residence when he ran for Lt. Gov.) Julia was somewhat flighty. She never attended college and she sort of flitted around. She left Kerry three times before she settled in with him and proposed. (She proposed, remember.) All of this is in Tour of Duty. The Thornes are and were very, very well off. There was a lot of 'old money' in that family.
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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 09:58 AM
Response to Reply #6
7. Good point
I hadn't meant to imply otherwise - just that she was the twin of his college friend. I should have added who just happened to be from a very prestigious, old, wealthy family. The attraction to Kerry though seemed to be more based on her looks, spirt, energy, and cosmoplitian outlook. From her comments about her EX husband, she also is a kind, compassionate person.

Her description of proposing to John in Tour of Duty was funny. Although I doubt he'd ever talk about it, I wonder if his reaction was as it was because he was obviously very much in love, but he had to have been hesitant based on being dumped three times before!

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TayTay Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 10:08 AM
Response to Reply #7
8. I have a sore spot on that whole Brahmin thing
Edited on Wed Sep-07-05 10:13 AM by TayTay
It was not really about money. The fortunes that the old families made were soon dwarfed by the amazing money that was made in New York City by the Rockefellers and so forth. (Boston lost it's port's preeminence in the 1840's when Mass put a 1% tax on profits from the China Trade. They were warned that the shipping industry would choose another port, the tax went in anyway, and the shipping went south.)

The legacy of the Brahmin's is in attitudinal things. They were about good government, noble causes and the furtherance of education above all else. That is the real legacy to the city and to the citizens of Massachusetts. The committment to education reshaped the landscape of Boston, Cambridge and Massachusetts. More than any other thing, this is the real legacy. They build the infrastructure of the Commonwealth, nurtured it and made sure it was durable. In that regard, and in regard to the very Brahmin notion that you make a serious committment to a better society and sometimes stick your nose in other people's business because you serve a nobler goal, well, maybe the Jr. Senator from MA is a bit of a Brahmin. (LOL! I never thought I would admit that one. It's so archaic and not in the present. But as a legacy, well, okay, ya got me.)

IT's also food for another time as to what happened when all those noble Saints met the waves of immigrants who came to the shores of Boston and who called the Saints on their inevitable bullshit. (Very noble people are always, always, always vulnerable on follow-through. Always. And that is a history of Boston I won't bore you with.)
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ginnyinWI Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 10:24 AM
Response to Reply #8
10. I think his mom passed on the ideals of the class
I mean, he's definitely got that sense of "nobilesse-obilge". To whom much is given, much is expected. And both of his parents expected a lot of their children. Get the job done, but maintain your integrity. And you can get more done that way, in the end, because people trust you not to let them down or leave them in the lurch. You become a leader by example,naturally, not by buying or bullying people into becoming "loyal"!
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beachmom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 11:39 AM
Response to Reply #10
11. Best Description of their marriage in The New Yorker
I read this a long time ago, and I thought Joe Klein got it mostly right on their marriage. There is definitely a messiness to John and Teresa, like most REAL marriages. But I think they're in love, and will stay together forever. I will say, though, that I am uncomfortable with her remarks about this being his first marriage, when in fact he had been married and divorced before, having two kids. And since I was born and raised Catholic, I feel I have the moral authority to say she was out of line for saying such an odd thing. One more example of how the Catholic Church forces their flock to do the wrong thing.

http://www.newyorker.com/fact/content/articles/021202fa_fact1


The notion that John Kerry married Teresa Heinz for political reasons—specifically, to use her money to run for President—is put to rest within nanoseconds of meeting her: this is a flagrantly impolitic human being. The marriage is bursting with strong emotions and ill-concealed conflicts, and much too complicated for the facile armchair psychologizing that goes on during a Presidential campaign. It is not the sort of relationship that an ambitious politician, in his right mind, would want; it is likely to be a distraction for the press corps, an easy way to obscure the campaign's "message." One can only conclude, it must be love.

Heinz will not be censored. "John went on too long," she said the day I met her, after watching her husband deliver his Iraq speech in the Senate Chamber on C-SPAN. "But that's what happens when he starts thinking about history."


But Heinz's descriptions of the courtship with Kerry, which began when they were both delegates to the 1992 Earth Summit, in Rio de Janeiro, were cautious and dispassionate. She seemed to be trying out a new, more politic story line; she had clearly been rehearsed, but she was unrehearsable. She went to Mass with Kerry in Rio, she recalled, and heard him singing in Portuguese. "I found that interesting," she said. (He explained that he knew some Italian and had been faking it.) They were joined for dinner by Senators Frank Lautenberg and Larry Pressler, neither of whom is known as a barrel of laughs, but the meal somehow turned out to be riotous fun. They spent the evening, she said, mocking the inanities of public life.

Months later, in Washington, there was another dinner, and Kerry offered to drive her home. They stopped at the Vietnam Veterans Memorial; he showed her the names of his friends on the granite wall. When he dropped her off in Georgetown, he didn't accompany her to the door, which irked her. (Kerry claims that he was double-parked, with a bus coming up behind him.) "I thought he was interesting, but . . . a specimen who'd been out in the woods a long time," she said, in her softly accented English. "He was like having a pet wolf who comes in and you say, 'Yeh, cute.' " She made a face and pulled away. "I need to teach him a couple of things. I think many people who get married late in life and who haven't been married have adjustment problems." (Several times, Heinz noted that Kerry "had never been married," an odd elision, which one friend attributed to her Catholicism: "She is not comfortable with the fact that he was married and divorced.")
Heinz's eccentricities and her awkward candor are indeed an easy target, but they are also misleading, according to friends, who are vehement in their support of the marriage. "She is incredibly loving and involved in his life," says former Senator Tim Wirth, who, with his wife, Wren, has been among Heinz's closest friends. "She won't let him get away with the things he used to keep to himself. She forces him to talk, to express emotions. This has been terrific for him."

Heinz is five years older than Kerry, and there is a motherly quality to her descriptions of him: "John has an elegant mind. His thinking is not brutish. He really likes to take his time, talk things through, to deliberate." In fact, his interests in the world are "insatiable," she said. "We see a beautiful sunset and he says, 'I really want to know how to paint that.' He's learning the classical guitar, he's learning windsurfing, he's learning sky-whatever-it-is, and I say, 'You got married, remember. What else do you want to learn?' "

I asked her once more about their courtship. "I think what happens when you're older and you've had a relationship like the one I'd had"—she was referring to her twenty-five years with John Heinz—"your measurements aren't quite the same. You find the things that are comfortable, like old shoes. Talking about a lot of issues, that was comfortable. It was nice to do that again. There were other things that were familiar, like languages, like having lived in Europe. . . . And then you get to the point where you like somebody so much that when you're not with him you miss him. We were careful. I certainly was careful. It's not like you're eighteen and it's ahhh."



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ginnyinWI Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 02:56 PM
Response to Reply #11
12. lovely article, and a new one for me
Sigh--there are still articles out there yet to discover! A nice antidote to all the bad news. thanks.
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Island Blue Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-05 06:46 PM
Response to Reply #11
13. Funny how I've never heard anyone suggest
Edited on Wed Sep-07-05 06:52 PM by Island Blue
that Laura married Dubya to get her hands on the Shrub family fortune. I'm not saying that she did (although why else in hell you'd marry into that clan I do not know), I'm just saying that since everyone else who marries someone with money seems to have that accusation tossed at them, why not her? It's not exactly like she married for the intellectual stimulation.

Loved the article on John & Teresa by the way, that paints a really nice portrait of their life together.
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