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Word: brokering (lookup in dictionary) (lookup stats)
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...provide cover for deals between nominal enemies, especially in the arms trade. The demand for these services was particularly keen in the Middle East, especially when Israel and Arab states were involved. When American arms destined for Iran and Iraq passed through Israel, for example, B.C.C.I. was frequently the broker and financier. One such transfer involved Iraq's acquisition of Silkworm missiles from China in the mid-1980s. Fahd, worried that Iran was winning its war with Iraq, sought missiles for Saddam Hussein's regime, but was rebuffed by the U.S. and France. B.C.C.I. stepped in and brokered a deal...

Author: /time Magazine | Title: The Riyadh Connection | 8/10/1992 | See Source »

...also perverse to deny a fee to a surrogacy broker, and fine him $10,000 if the accepts a fee, when adoption agencies are allowed to charge fees. All these illogicalities add up to an attempt to legislate morality, to create laws that would be based on social engineering instead of sound legal principles. The surrogate mother is stigmatized as selfish and greedy, an image that will make surrogates' struggle for visitation or joint custody rights all the more difficult...

Author: By Jendi B. Reiter, | Title: Surrogacy Laws: What Price Motherhood? | 8/4/1992 | See Source »

...Vaclav Havel hoped a strong and unified Czechoslovakia would help anchor a peaceful postcommunist Central Europe. Last week Havel's vision finally faded when Slovakia's parliament split the country by declaring its sovereignty. Moments later Havel stepped down as President of Czechoslovakia, giving up a long struggle to broker a federal power-sharing agreement. He may well be the leading candidate when the separate Czech Republic establishes the new office of president...

Author: /time Magazine | Title: Resigned to Disunity | 7/27/1992 | See Source »

Jack Kemp, George Bush's disgruntled Secretary of Housing and Urban Development, is one name being pushed hard in Perot circles. New York leveraged-buyout specialist Theodore Forstmann, a Kemp presidential fund raiser in 1988, is trying to broker a marriage between Kemp and Perot. Some of Kemp's political advisers argue that running with Perot represents Kemp's best chance to be elected President himself in 1996. Others counsel caution -- Kemp's favored political style -- contending that bolting the g.o.p. would permanently brand the supply-side conservative a pariah. Kemp's probable reluctance illustrates Perot's quandary in finding...

Author: /time Magazine | Title: Spelling Out The Job Specs | 7/6/1992 | See Source »

When a customer now buys or sells futures, he calls his broker, who phones the order to the trading desk, which turns it over to floor traders in the pits. They, in turn, haggle over the best price for the order, which is then tallied and recorded. The whole process takes upwards of 20 minutes. With Globex, the floor traders and pits are completely bypassed. Prices are set by a computer match with incoming orders. Execution time: three seconds...

Author: /time Magazine | Title: Futures Shock Are trading floors obsolete? | 6/29/1992 | See Source »

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