Word: brokered
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Dates: during 1980-1989
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...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...
Listen to E.F. Hutton perhaps. Pennsylvania school districts have enlisted the services of the big broker and other investment consultants to help them boost the value of their tax revenues, which might otherwise languish in non-interest-bearing checking accounts or small savings accounts that today typically earn only 5¼% interest. Since March 1982, a number of districts have been pooling their tax receipts and investing the resulting millions of dollars in the Pennsylvania School District Liquid Asset Fund. The fund buys U.S. and state government securities, Treasury notes and bonds for example, earning interest of about 10%. Result...
...Anderson & Co., a small San Francisco discount brokerage firm, began using home computers to place stock trade orders. Tapping a few keystrokes on an Apple II or IBM Personal Computer, the customer is asked, "Buy or sell? Number of shares? Cash or margin account?" The broker charges an initial $195 for the software, a 100-to-400-per-minute connection fee and a brokerage commission. Anderson has 300 customers across the U.S. and hopes for 1,000 by year...
...Street broker, Fraser draws his authority from the fortnightly Contrary Investor newsletter ($80 a year), which he publishes from his stone house overlooking Lake Champlain. In August 1981 he urged his 1,000 subscribers to buy Sears, whose stock had fallen to $16, from $62 nine years earlier. Most investors perceived the retailer to be in terrible shape, but Fraser believed its troubles would pass. Last week Sears shares closed...
...Tiegs. Oh, yes, and for Bianca Jagger and Tennis Star Vitas Gerulaitis and even Bella Abzug. Inside Manhattan's hottest disco, Studio 54, the elite meet to gyrate to the beat, gape and be gaped at. Owner Steve Rubell, who light-show years away was a Wall Street broker, stations himself at the doorway (with a few bouncers) to weed the throngs begging for entrance. "We only want fun people," he explains. "The wilder the clothes, the better the chance you have of getting in. We discourage the Bagel Nosh-polyester group." And a lot of other folks besides...