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Naturally, such easy profit has attracted competitors. Among them are two former executives of the floundering brokerage house of Kleiner, Bell. The pair, Robert Brandt, 43, and Barry Zwick, 35, formed a fourth-market firm in Los Angeles in August. Operating in much the same way as Tomaso, they made four deals in their first month, enough to bring a small profit. "Everyone thinks he is the only one trading in the fourth market," says Brandt. "Soon people will find out everybody is doing...

Author: /time Magazine | Title: Investment: The Rising Fourth Market | 10/26/1970 | See Source »

Once again, Soviet negotiators have demonstrated their skill at what might be called the "Who, me?" diplomatic gambit. Two months ago, Russia's leaders promised Chancellor Willy Brandt that if he would affix his signature to a renunciation-of-force agreement with the Soviet Union, they would do something about easing the status of isolated West Berlin, 110 miles inside hostile East Germany. Brandt signed the Treaty of Moscow, and as the Big Four talks on Berlin resumed last week in the divided city, everyone waited to see what the Soviets would...

Author: /time Magazine | Title: Diplomacy: Promises, Promises | 10/12/1970 | See Source »

...Brandt's Concern. The Soviets' tough position may well be only a repetition of their familiar bargaining tactic of demanding the maximum before settling for somewhat less. Nonetheless the Russian stance posed a threat to Willy Brandt's Ostpolitik, which rests on the assumption that the Soviets are willing to make at least limited accommodations in central Europe. Brandt has vowed that he will not submit the Treaty of Moscow to the Bundestag for ratification until there is substantial progress on Berlin, and he has urged Britain, France and the U.S. to press for a quick agreement...

Author: /time Magazine | Title: Diplomacy: Promises, Promises | 10/12/1970 | See Source »

...Since Brandt's political prestige in West Germany rests heavily on the success of his Ostpolitik, his desire for quick results is understandable. The Western Allies, however, have refused to alter their negotiating tactics. They want an agreement with the Soviets on specific points, not a vague statement of principle that the Russians could later wriggle out of. The main points...

Author: /time Magazine | Title: Diplomacy: Promises, Promises | 10/12/1970 | See Source »

More important than financing, however, is the fact that Brandt's government does not want the German company making deals alone with the Soviets. By organizing a West European consortium, Bonn wants to emphasize to the Soviets that its own economy is completely interwoven with that of the European Economic Community and thus discourage possible Soviet notions about luring West Germany into a neutralist position with economic deals. Also, by bringing in other European firms, the West Germans hope to reduce the offense to Washington, which had applied pressure on Henry Ford II to turn down a similar Soviet...

Author: /time Magazine | Title: West Germany: Politics on Wheels | 9/14/1970 | See Source »

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