Word: brokering
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Dates: during 1980-1989
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...semantics of Arab-Israeli diplomacy, where "evenhanded" and "honest broker" have often meant quite the opposite, last week's curtain- raising U.S. initiative promised an overdue turn to reality. Secretary of State James Baker, in presenting the Bush Administration's first blueprint for the peace process, did not announce a shift in American policy. But he did offer no-frills clarity and a finely balanced call for concessions from both sides. In a sharp and wise departure from Reagan-era practice, his speech to the American Israel Public Affairs Committee, or AIPAC, the most influential pro-Israel lobby, eliminated...
...have enough support to force a serious split within NATO if the U.S. continues to say no. Britain, the Netherlands and Turkey support the U.S., while Bonn has the backing of Italy, Greece and most of the other continental European countries; others, including Norway and Canada, are trying to broker a compromise. But Bush is unmoved. He reaffirmed his position in talks with Norwegian Prime Minister Gro Harlem Brundtland last week, and again last Friday in a telephone conversation with West German Chancellor Helmut Kohl...
Outside the meeting rooms of the Las Vegas Hilton, where 2,000 well-heeled stock-market investors prowl for new ideas, the pay phones are not sweaty with fevered trading. A California broker ties up one line grousing about a "chisel-wad" client. The other phones are empty. Nobody's buying...
Such follies can cost homeowners roughly $400 to $500 a sq. ft., plus an estimated $3 million an acre for the land. "Landscaping can be millions of dollars," says Beverly Hills real estate broker Bruce Nelson, who turned over roughly $100 million in land and houses last year. "You can spend half a million on a chandelier without batting...
...sentimentality will not halt the teardown trend. "Not in this town," snorts broker Elaine Young. "Not when you can make $2 million or $3 million." Nor is community spirit likely to prevail. "I like privacy," says one Beverly Hills homeowner, holding his mobile phone and surveying his 30,000-sq.-ft. mansion. "I hear that the people who live down the road are getting a divorce," he advises broker Nelson. "You should look into it. I'll buy it and tear it down. I don't like having a house there...