Word: broker
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Next came Hitler's ostrich-skin wallet, which was stuffed with 37 pictures, two negatives of Eva Braun and a free ticket to a 1927 high school dance in Linz, Austria. A broker bought it for a Texas oilman. The price: $665. An autographed Hitler portrait went for $670. Hitler's 1927 membership card in an automobile club fetched $270. An elderly German paid $130 for a short shopping list (vegetable soup and cognac) that der Führer had written out for Munich's famed Dallmayr delicatessen...
...followed in his harangue: 'November 1918-Criminals-The Political Situation Today-Our Irrevocable Demands-The Coming Elections-Our Candidates-Our Tactics-The Jews.' " Bidding in the stuffy auction room on Munich's fashionable Maximilianstrasse started briskly. The scruffy cue card was quickly knocked down to a broker acting on behalf of an anonymous British collector. Price...
...minimum, these changes make the N.Y.S.E. a less secure and lucrative place for a broker. For 179 years, the Big Board has had two major attractions: it offered a broker a commission structure that competitors could not undercut and it was just about the only place where a broker could trade the nation's best-known and most popular stocks. Last week both of those keystones began to crumble, raising the question: Who really needs the exchange...
...interpretation is based on the Tax Reform Act of 1969. Says an IRS expert: "Suppose a guy gets a kickback from an insurance broker for referring customers to him. Unless he's convicted or pleads guilty or nolo contendere [no contest], the broker is entitled to a deduction." In other words, the ancient institution of bribery has finally been institutionalized, achieving formal Government recognition...
...substantial part of the computerized future arrived-not for the proud exchanges but for the humbler over-the-counter market. Until now, that market has been a telephonic bazaar for shares of firms too small to qualify for listing or unwilling to meet the exchanges' disclosure requirements. Brokers have had to find out the going price of any given over-the-counter stock by making individual calls to other brokers specializing in those shares. In a technological leap, 750 leading brokers switched last week to an automated quotation system. They punched their bid-and-asked prices into desktop terminals...