Word: adjustments
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Houtkin says he is merely using technology to give the little guy an even break. Under the small-order system, each marketmaker must trade at the | displayed quote price with no chance to adjust to whatever other firms are doing. The system simply assigns the transaction to the marketmaker with the highest bid or lowest offer at the time. Result: if a Merrill Lynch specialist happens to be away from his desk when a stock starts moving, a savvy bartender could swiftly pinch $250 from his hide for every quarter-point change in price. Without the automated system, Houtkin...
...there is little evidence that Clinton will go along with such steps. If he fails to adjust quickly, he will confirm the widespread belief that the biggest problem with the Clinton presidency is Clinton himself. Unless he can, as he likes to say, make change his friend, he is in for a decidedly unfriendly 3 1/2 years...
Family and friends in St. Louis, Missouri, where the Shaws had moved, decided that Bobby needed time to adjust. Martha's common-law husband Calvin Morris decided to "bring Bobby along." "They were good friends," says Martha. Morris bought Bobby clothes and took care of him. But on Sept. 17, 1975, Bobby Shaw shot and killed Calvin Morris with a 20-gauge shotgun. Rushing to the scene, Bobby's older brother Vancell asked him what had happened. "I don't know," Bobby said. And then he asked Vancell for cigarettes...
...guys come home and have to adjust to the street again," says Martha. "We thought that was the problem. But he was doing strange things. We were in the kitchen one day, and I was telling him he had to make his adjustment and start looking for a job. He started throwing water on me from the sink. Me and Bobby was too close for him to treat me that...
...federally enforced minimum, and some fear they might be bankrupted. Magaziner insisted in a speech last week that if a small business was required to pony up, say, 8% of its payroll, that requirement would be phased in slowly enough to give the firm time to adjust. But like the unions, the little businesses will probably be hard to convince...