Word: broker
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Dates: during 1980-1989
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...caper at a waterfront Coral Gables home. State agents watched while Maristany stood guard and Acosta opened the meter box on the outside of the house and turned back the dial. They were arrested when they went to the front door to receive payment for saving Real Estate Broker James Carbonell at least $180 on his monthly bill. Soon after, a utility representative handed Carbonell a $4,000 bill for six months of unpaid electric service...
Although Nkomo is unlikely to win more than 20 of the 80 black parliamentary seats, he seems to be gaining strength as an election broker. Eager to distance himself from Mugabe's Marxist line, Nkomo seems increasingly open to an accommodation with more moderate small-party leaders, such as Sithole and James Chikerema. He could also form a postelection coalition with Muzorewa, who stands to win about 25 seats in the House but can no longer count on the undivided support of the 20-man white bloc. Mugabe, because of his support within the predominant Shona tribes, might...
...example, that an Iowa farmer expects to harvest 50,000 bu. of corn in six months' time. By checking with his broker, he finds that the six-month future price of corn is $2.75 per bu. The farmer calculates that $2.75 per bu. for his crop would be a fair price, so he guarantees that he will get it by "hedging," or agreeing in advance to sell a contract for 50,000 bu. at that price in the futures market. This protects him against a drop in grain prices...
...coming in the past three months. Last January, silver was selling for $6.25 per oz., and anyone astute or lucky enough to have bought a typical 5,000-oz. contract for a twelve-month future delivery would have made a killing. For a $2,000 margin payment to his broker, the canny investor today would hold the rights to $127,500 worth of silver, a profit of some 6000% on his investment. What is more, people who hold commodities futures contracts for more than six months have their profits treated as capital gains, taxable at a maximum...