Word: broker
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Dates: during 1980-1989
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...five major political machines within the party. Each machine has its own leader, its own views and its own funds. Feuding is chronic. Nakasone won only after he had got the nod from former Prime Minister Kakuei Tanaka, who remains the party's mightiest power-broker even though he is now on trial for accepting $2 million in bribes...
...Soviets. We have no intention of acting as a bridge, so to speak, between the U.S. and the U.S.S.R., nor do we have plans to serve as an honest broker between them. Based on the foundation of our membership in the West, and with Japan-U.S. relations as the cornerstone, we intend to maintain unity in the free world...
...today's traffic jams or boardrooms. "The fight-or-flight emergency response is inappropriate to today's social stresses," says Harvard Cardiologist Herbert Benson, an expert on the subject. It is also dangerous. Says Psychiatrist Peter Knapp of Boston University: "When you get a Wall Street broker using the responses a cave man used to fight the elements, you've got a problem...
...gloomy last week as characters in a bleak Ingmar Bergman movie. The Stockholm stock exchange was still and silent, idled temporarily by a total breakdown in an electronic system for registering trades. Millions of transactions being processed at the time of the crash were suddenly in limbo. Said Broker Sven Hagströmer: "It's a scandal. You can't get your money, and you can't get your stocks." Nothing so disastrous had happened to the exchange since it shut down during a financial panic in 1932 after Match King Ivar Kreuger went bankrupt...
...biggest celebrations after earnings reports were announced occurred on Wall Street. The bull market has pushed up trading volume and the level of broker commissions. Paine Webber's earnings rose 525%, to $23 million; E.F. Hutton's increased more than twelvefold; First Boston's jumped 81%. After more than two years of mostly terrible corporate profits, last week's earnings results signaled that the worst of the recession is over...