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...match potential buyers with his latest acquisitions, he installed a sophisticated computer system in the 172-year-old building that housed his gallery. He hired his own broker, trained by Merrill Lynch, to handle his sideline interest in commodities and foreign-currency trading. Said one of his admiring associates: "When I looked into his eyes, I saw a gentleman and a sensitive soul...

Author: /time Magazine | Title: Nation: The Straw That Broke... | 10/1/1979 | See Source »

...been forced to veto the draft, there almost certainly would have been outraged reactions not only from the P.L.O., but from key moderate Arab states such as Saudi Arabia and Jordan. To avoid such an outcry, and the adverse impact it could have on the U.S. role as a broker in the general peace process, was the reason Washington originally had wanted to sponsor its compromise resolution. It might head off a stronger Arab resolution and also be viewed as a positive gesture by Arab states. It was thus hoped that both Israel and the Palestinians would accept a formula...

Author: /time Magazine | Title: Nation: Carter's Mideast Muddle | 9/3/1979 | See Source »

Initial patient euphoria is short-lived. Within weeks, the fibers start breaking and falling out. Remaining shafts become centers of inflammation as the body tries to reject the foreign material and invading bacteria. Says a 50-year-old real estate broker who underwent an implant: "Your entire scalp feels spongy, with a layer of pus underneath. The bleeding and itching drive you crazy. You wake up and find the pillow covered with blood." Natural hair may fall out too. Correcting the damage can take years. The fibers must be removed, and antibiotics taken to control infection. Some patients may require...

Author: /time Magazine | Title: Medicine: The Scalpers | 9/3/1979 | See Source »

Eager to expand his business, Christopher met in 1974 with Lloyd's Broker Peter Nottage and persuasively proposed an idea for a computer-leasing policy that the underwriters eventually accepted. Under it, if corporations or government agencies broke a lease after the obligatory noncancellation period, Lloyd's underwriters would pay the leasing company any balance due to the bank on the purchase price of the computer. With this magical policy, Christopher found it easy to persuade banks to lend him the huge sums that he needed to buy computers. The company or agency that leased the equipment agreed...

Author: /time Magazine | Title: Business: Fabled Lloyd's Takes a Bath | 7/16/1979 | See Source »

...business." The group draws some satisfaction from the recent strengthening of sterling, now at $2.22, which means that members will have to lay out fewer pounds to pay off claims in dollars. But that is sore solace. As Underwriter Peter Cameron-Webb noted, "I doubt if a broker will ever try to place this policy again at Lloyd...

Author: /time Magazine | Title: Business: Fabled Lloyd's Takes a Bath | 7/16/1979 | See Source »

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