Word: broker
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Dates: during 1990-1999
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...been paying more than 5% during the past week, the highest in years. The top performer was the Benham Prime Money Market Fund, based in Mountain View, Calif., which was yielding 5.06%. In second place, yielding 5%, was the OLDE Premium Plus Money Market Series, available through the discount broker OLDE. The average money market fund is still paying only 4.29%, though, according to the weekly report by IBC/Donoghue...
Bruce Bent and Henry Brown, renegades from the insurance industry, come to Wall Street and invent the money-market fund in 1970. Jim Benham, a California < broker, has the same idea simultaneously. It takes the SEC two years to approve this...
...what use is the N.A.A.C.P. -- or any other traditional black civil-rights organizations -- now that most legal racial barriers to housing, education and the political arena have been removed? "There is no problem in my mind justifying the need ((for civil-rights organizations))," says Vernon Jordan, the Washington power broker who served as president of the National Urban League until 1981. "But when you have removed the barriers, then you have got to figure out how to deal with the debris. We did make the wall crumble, but I am not sure we have effectively decided how to deal with...
...Many whites believe their hold on power is the bulwark that keeps Lake Providence from descending into barbarity. "We don't have any colored leadership," says Captan Jack Wyly, a lawyer and prominent power broker who says he understands the blacks because long ago his ancestors owned theirs. "When I came home from the Army in 1945, 20% to 25% of our land was owned by blacks. But the welfare system has just undermined the incentive to work. When Daddy died, they'd sell their property, buy a Buick and go out West to Las Vegas or somewhere. They lost...
...such trader is Leonid, a lanky, unshaven roughneck who formerly belonged to an elite unit of the Soviet army. After leaving the military in the late 1980s, Leonid spent several years repairing apartments and fixing toilets, until he started brokering Russian-made wine in front of the Kiev railway station. When he was pushed out by a group of gypsies who controlled the wine trade, Leonid turned to imported cigarettes. Since then, he has branched out; one week he may move a consignment of flashlight batteries, the next a shipment of government-issue boots, obtained from a corrupt policeman...