Word: broker
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Most zeros are virtually risk free because they are backed by U.S. Treasury notes. A broker creates zero bonds by first purchasing large blocks of the Government securities and then offering customers shares in the form of zeros. Consumers can generally invest for as little as $1,000; maturities of available bonds usually range from ten to 30 years...
...sting was part of Operation Exodus, an effort led by the Customs Service to stem the illicit export of defense-related technology. In this case, an undercover agent had posed as a defense-equipment broker and rented a New Jersey office as a front. The defendants, meeting with the agent in his office and unaware that hidden cameras were taping the session, offered to buy 100 transverse-wave-tube amplifiers, which are used in missile guidance systems, for $12,500 each. In addition, the suspects gave the agent a $1 billion shopping list of computers and other advanced electronic equipment...
Foreign Minister Andrei Gromyko, 74, moved up one rung in the hierarchy last March when he was unexpectedly promoted to the post of First Deputy Premier. It was a clear indication that Gromyko had emerged, along with Defense Minister Dmitri Ustinov, as a key power-broker in the post-Brezhnev era. But after more than 26 years as Foreign Minister, during which he has worked with nine U.S. Secretaries of State, the "Grim Grom," as he is known in Western diplomatic circles, has not built a political power base at home. Gromyko has never appeared overly ambitious to hold...
...Hambrecht, a Princeton graduate who grew up on Long Island, N.Y., was a discontented broker working in the San Francisco office of Francis I. du Pont & Co., a now defunct New York City investment firm. One evening he stopped for a drink at the Kona Kai Club in San Diego with George Quist, a friend who was a venture-capital specialist for Bank of America. After commiserating a while over the excessive caution of big companies and consuming two bottles of wine, Hambrecht and Quist decided to launch their own venture-capital fund...
...celebrity groupie," says Writer Edwin ("Bud") Shrake, a former Dallas sports columnist. Harris is friendly with Don Meredith, former Dallas Cowboy quarterback, ABC Monday Night Football commentator and TV pitchman; former Cowboy and Denver Bronco Quarterback Craig Morton, his onetime roommate; and country-and-western Singer Kenny Rogers. The broker's parties are known for "wall-to-wall girls, champagne, hot tubs and more girls," says Shrake. They were vividly portrayed in fictionalized form in the movie North Dallas Forty. Harris, who gave stock reports on Dallas TV, announced on television that he had undergone a lie-detector test...