Word: brokering
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...such trader is Leonid, a lanky, unshaven roughneck who formerly belonged to an elite unit of the Soviet army. After leaving the military in the late 1980s, Leonid spent several years repairing apartments and fixing toilets, until he started brokering Russian-made wine in front of the Kiev railway station. When he was pushed out by a group of gypsies who controlled the wine trade, Leonid turned to imported cigarettes. Since then, he has branched out; one week he may move a consignment of flashlight batteries, the next a shipment of government-issue boots, obtained from a corrupt policeman...
...Straight Talk campaign is suffering from the Mrs. Macbeth problem. Every time the new self is trotted out, the sins of the old self come back to haunt | it. One ad had to be scrapped after a former Prudential client recognized the straight talker as the same broker who had sold him a limited partnership. The ex-client got mad all over again and filed a new lawsuit. Then a second ad was scrapped to protect yet another broker from being sued...
...gloom in Washington. With voters also complaining about a do-nothing Congress -- a criticism that is not entirely deserved after the adoption of NAFTA and significant deficit-reduction measures -- much of Washington was concerned last week that Rostenkowski's plight would deprive Congress of a rare power broker who helped push through the 1986 tax-reform bill and NAFTA. "No capital ever has a surplus of politicians with those qualities," the columnist David Broder lamented last week in the Washington Post. "Seeing him brought down . . . is a citywide sorrow...
...departure, hints of which can be found in last week's statements from the Middle East. During Christopher's latest diplomatic shuttle between Israel and Syria, the guarded descriptions of progress contained a caveat. Both Jerusalem and Damascus, U.S. officials said, want Christopher even more involved as the "honest broker" in their negotiations. "Now, what if that's ratchetted up?" asks a Clinton adviser. "What if a comprehensive peace is seen to require Chris' full-time attention and he becomes our special Middle East envoy? Or maybe he can get some declaration of principles signed and just walk off. Either...
...mutual funds for years, through thick and thin, don't ever change. In the long run, you'll do great. But if you've never lived through a bear market and have got into stocks because 3% from a bank is a joke, and you've got this young broker (who has also never lived through a bear market) advising you -- beware. Get at least some of your money out onto the sidelines, and for heaven's sake, don't invest on margin...