Word: brokering
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With the real estate market slumping, some homeowners think it takes a miracle to sell a house these days. Not just any broker can perform one, so many sellers are turning to an expert: St. Joseph. Religious-goods merchants in several cities have been surprised at the brisk sales of St. Joseph statues, which homeowners bury in their yards in the belief the saint will drum up some business. The hopeful sellers inter the statues headfirst, with the feet toward heaven...
...want to hedge against disaster, buy puts on stocks you think have further to drop, or on market indexes as a whole (your broker will be falling all over himself to explain this to you). Don't short stocks. Unless you're a very seasoned investor, it's just too risky (and it means you have to pay dividends, on top of commissions, not earn them). Buy puts only on days when the crisis seems to be over and the market has boomed -- and assume that whatever you do spend on puts is money you'll never see again. Because...
Saddam Hussein has been called a lot of things during the past month, but at the Chicago Mercantile Exchange he's known as "Mr. Bonus." Yearly bonuses at the Merc are keyed to the number of broker transactions, and the 1990 figures were looking grim -- until the invasion of Kuwait stirred up huge action in Eurodollars and stock-index futures...
...back. Zuno is the most prominent of the seven men tried so far in connection with the still unsolved Camarena murder. U.S. Justice Department prosecutors charged that Zuno, arrested last year while visiting Los Angeles, was a top executive of the Guadalajara drug cartel and a power broker who used his political connections in Mexico City to protect vast cocaine and marijuana operations...
...races are the brainchild of Eric Schechter, 30, a former Arizona real estate broker. He launched his first race in 1988, raising $150,000 for a Scottsdale drug-abuse prevention program. That success prompted him to found Great American Duck Races, which expects to handle 103 such events this year and post revenues of $1 million...