Word: brokering
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Dates: during 1960-1969
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...many cases, such "inside" information reflects a broker's rationalization, a story confected for customers to account for a swing in paper profits. Or it follows a line laid down by overnight experts-financial writers required to fill columns of type with solemn economic logic to explain short-term market moves that may reflect neither economics nor logic. Too often, day-to-day stock gyrations obscure a basic fact: markets are made and moved over the long haul, not by vague forces but by the conscious decisions of men. The important question is not what makes stocks move...
Rest assured, said the London insurance broker, "any ordinary boy of this age would have great difficulty in getting insurance coverage for a car like this." As it was, the underwriters were only too honored to cover Prince Charles, 19, all proper and legal-like as the owner of his first car, a six-cylinder, 127-m.p.h. MGC-GT. The car cost $3,120-out of the Prince's own pocket-and boasts such embellishments as an electrically controlled aerial and a leather-covered steering wheel. It has a bull horn that has already caused mumbles in the Noise...
While they were still going strong, newsreels put many an unforgettable moment on film. During the 1929 crash, a bankrupt broker was shown plunging to his death from a Manhattan office building. Newsreel cameras recorded the assassination of Yugoslavia's King Alexander in Marseille in 1934, as well as the death of the assassin at the hands of a mob. The Normandy invasion was photographed in all its awesome spectacle and desperate tension. And then there was that time a newsreel man confronted John D. Rockefeller Sr. "Say something," said the newsman, grinding away. Said Rockefeller: "God bless Standard...
...general news service, which will be competing not only with the U.S. wire services but with the supplementary news services of the New York Times and the Los Angeles Times-Washington Post as well. The financial wire is another matter. Reuters has signed up 100 clients, mostly brokers. Others have expressed interest. Wall Street is always greedy for news that will help make money, and Dow-Jones has grown a mite complacent over the years without any competition. "All Reuters needs is a couple of beats and it's made," says a Merrill Lynch broker. It is likely...
...Idea Broker. Buckley is a gifted polemicist; a philosopher he is not. A friend of his and a fellow conservative, M. Stanton Evans, editor of the Indianapolis News, thinks he could be if he put his mind to it. "But he has left the metaphysics to others," says Evans. "He has concentrated instead on a high-level conservative journalism, acting as a broker and analyst of ideas rather than as an originator of them." Buckley is not interested in lingering long over any one idea. Rather, he tosses them out, shoots them down, then goes off to stalk others without...