Word: brokered
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Dates: during 1980-1989
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...market like this," says Donald Stone, a member of the New York Stock Exchange since 1950 and one of its vice chairmen. "The market has spiked up without any meaningful correction; it won't even pause to catch its breath." Peter Cohen, a New York City real estate broker and large investor, muses, "Even in the sizzling '60s, it was an article of faith that what goes up must come down. But those who have played by this rule now have left huge amounts of profit on the table. I have sold at a profit, then bought the same stock...
...when he received nearly 20% of the Democratic primary vote but only 10% of the delegates. Under today's revised rules, the same vote will earn him far more delegates. They will be a disciplined bloc. In a tight convention, Jackson could be in a strong position to broker the outcome...
...visualize a Democrat in the White House. They insist that Jackson's candidacy will deter other candidates from pursuing the black vote. Jackson counters that blacks will have more clout with the eventual winner if they unite behind one man. But black leaders dislike the idea of a single broker, especially the unaccountable Jackson. His dominating presence over the years and his presidential bids have helped squelch the emergence of other black figures. Still, black politicians are reluctant to oppose Jackson publicly. "Jesse's getting a private spanking," says Tyrone Brooks, a Georgia legislator who ran Jackson's state campaign...
...power broker may be Khomeini's son Ahmed, 43. While members of the Ayatullah's family have traditionally been left on the sidelines, Khomeini brought Ahmed into government affairs late last year to oversee Tehran's two major newspapers and supervise state TV and radio stations and the national IRNA news agency. Iranian experts now consider Ahmed a full-fledged member of Khomeini's inner circle, along with Rafsanjani and Montazeri...
...they have carefully constructed a way to use them as a hedge against losses in their common-stock portfolio. Finally, they frequently establish predetermined selling points at which they will dump a stock to cut their losses or capture their gains. Says Melissa Lamb, 28, a Manhattan real-estate broker who is learning the hard way: "I have picked some good ones, but I just wait and wait in the hope of a bigger profit, until all the profit evaporates...