Anchormen/women behaving strangely, part I

I remember that about ten years ago, on New Years Eve, I was watching ABC's coverage. Peter Jennings was discussing the New Year's plans of various American statesmen, and said something to the effect of the following: "Jimmy carter is on a cruise with his grandparents, and Bill Clinton is at his ranch in Scotland." Who's ever heard of a ranch in Scotland? And when did Bill Clinton get into ranching anyway?