Word: broker
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Dates: during 2000-2009
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...Mbeki, who had hoped to make a dignified exit from office and retain some of his legacy as a peace broker on the continent - where he has mediated conflicts in the Ivory Coast, the Democratic Republic of Congo and, most recently, Zimbabwe - has instead faced a string of humiliating defeats, and leaves office much diminished. The ANC, too, is likely to be weakened by its decision, which also seemed to suggest that Zuma is not necessarily in control of the coalition of forces within the party that brought him to power...
Yesterday, SEC Commissioner Cox responded to the pressure. The SEC instituted a "Hard T+3 Close-Out Requirement," meaning that short sellers and their broker-dealers must deliver securities by the close of business on the settlement, three days after the sale. It's an answer to previous complaints about the prevalence of so-called "naked" short selling: that is, selling shares that you don't actually have in hand, and have not made arrangements to have. Naked shorting allows traders to potentially manipulate stocks. The SEC is also considering an emergency order forcing hedge funds, which employ short selling...
ACTION: Call your broker to talk about the transfer...
Money invested in a variable-rate annuity goes into mutual-fund-like sub-accounts, which are walled off from the general account the insurer uses for its other obligations. It's like having a set of mutual funds at a broker: SEC regulations apply, and AIG's creditors can't tap those assets...
Among the demands of presidential leadership in the 21st century is this: Are you prepared to lead this conversation as an honest broker? Balancing risks and rewards is a medical challenge; redefining what we mean by being human is a moral one. And figuring out where to draw the lines must be a political...