Word: brokering
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...million become cocaine scofflaws. A computer programmer snorts with his pal the lawyer, who buys grams from her neighbor the contractor. The builder also sells ounces to the local junior college teacher and the restaurateur, and buys his pounds out of town from a full-time coke broker in Florida. "Getting coke is just a telephone call away," says Chuck, 34, a San Francisco insurance executive...
...Watson, a Kansas City insurance broker and expert golfer, a man with a certain temper, started Tommy out with a sawed-off three wood at age six and had him defending the family honor with it by seven. The Watsons were vacationing in Colorado, and father and son were about to tee off when the starter objected that the child was too little. Pointing to a ditch in the distance, Ray Watson struck a bargain. If Tommy was able to carry the hazard, could he play? It was agreed. Seven is young to feel that kind of pressure, but Tommy...
Aside from shelters, tax sleuths uncover a remarkable variety of ingenious deceptions. Joseph Siegel, for example, worked as a commodities broker in Chicago and devised a scheme to record phony trades as paper losses, and then sold these records to other investors to use as write-offs. Frank Wittig, a former computer programmer in Minneapolis, allegedly tried the old trick of claiming deductions for which he did not qualify and then filing for an undeserved state-tax refund. After his first return netted him a refund check for $200 in 1978, he got much more active...
...securities. A Jacksonville, Fla., woman who received a Dean Witter flyer with her Sears charge-account statement responded with a $1 million check. Far more significant has been the amount of traffic attracted to the outlets, which, with potted plants and walnut desks, resemble suburban bank branches. The average broker has lured three times as many new accounts and booked triple the sales of his pinstriped counterpart in one of the 325 freestanding Dean Witter offices...
...always so enamored of their subjects. "I thought I was going to love Lyndon Johnson," says Journalist Robert Caro. "I knew he was going to be shrewd and tough and ruthless, but that was all right." Caro, 47, a former investigative reporter, should have known better. The Power Broker, his 1,200-page study of New York's urban-development and highway czar Robert Moses, so unsettled its subject that he issued a rebuttal to Caro's many allegations. Despite objections, the book won a Pulitzer Prize. In The Path to Power, the 882-page first of three...