Word: brokering
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Dates: during 1980-1989
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...effort to act as the Arabs' honest broker-despite its own pro-Iraq leanings-Saudi Arabia tried to persuade Syria to attend, and very nearly succeeded. Crown Prince Fahd flew to Damascus shortly before the summit, TIME learned, and personally pleaded with Assad. At first the Syrian leader agreed to come, provided the conference was postponed two weeks. But when he declared his intention to condemn Iraq and to say that the war was the result of collusion among Saudi Arabia, Iraq, Jordan and the U.S., Fahd told him to stay home...
...lower than normal at the time the mortgage starts, but by the sixth year it would be $568, or $54 higher. These loans have become increasingly popular, but many families may find that their incomes do not rise as fast as their payments. Warns Atlanta Real Estate Broker Alma Fuller: "This kind of mortgage is fine for a doctor just going into practice, but in general it's a very dangerous...
...Those levels are still well below the alltime high of $875, which was reached in January after the Soviet invasion of Afghanistan. Gold shares on the Johannesburg stock exchange in South Africa, where most of the Western world's gold is mined, were heavily traded. Reported one broker: "The Americans are grabbing everything they can get." Frightened Arab bullionaires are now asking for physical possession of their precious metal rather than leaving it in Swiss or other bank vaults. Reason: after the American seizure of Iranian financial assets in June, wealthy Arabs became leery about leaving their property...
Hell hath no fury like a woman broker scorned. Eileen sent Bibles to the defectors with passages about Judas marked in red. More significantly, Eileen, 58, and her partner-husband Jerry, 55, filed a $7.5 million suit against Casablancas' Elite Model Management Corp. and his four Parisian partners for "violation of fiduciary trust." The second largest agency in the U.S., Wilhelmina Models Inc., sued Casablancas for $4 million. While the suits have yet to come to trial-and quite possibly never will-the epithets and the raids and the counterraids have piled up with the intensity of Hawaiian breakers...
Rounding out the field is New Yorker Russell Long, 24, son of Sumner , ("Huey") Long, a well-known shipping broker and ocean racer. The blond, blue-eyed Russell was crewing by age seven, but it was not until last year that he skippered a twelve, Turner's old Independence. Convinced that he could be competitive himself if only his boat were a little faster, Long raised $500,000 and stripped Independence for parts. The result: the deep blue Clipper and a helmsman brash enough to be Turner's son. "Ted peaked out in 1977," says Long...