Word: brokering
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Panic began rippling through world money. In Hong Kong, the widely watched Hang Seng index plunged a staggering 7.8%. By the time brokers arrived for work in London, they were facing mountains of sell orders. No sooner did trading begin at 9:30 a.m. than the exchange's ticker, traditionally a paradigm of understatement, burst forth with news of "widespread and indiscriminate price-slashing." Said a broker as the sell orders piled up and the share prices plunged: "It's like a free fall without a parachute." By the end of the morning, the Financial Times...
...touting the disclosure. Gulf Oil Lobbyist Claude Wild Jr. testified in 1975 that he made such political donations. Caro says that his three-volume biography - the 30,000-word article was excerpted from the first volume, to be published next fall - will be extensively footnoted. His book The Power Broker: Robert Moses and the Fall of New York, which won the 1975 Pulitzer Prize for biography, is meticulously documented...
...maestro for consistency and endurance. In The Care of Time, as in Ambler's 17 other novels, it is finally not so much the plot that grips the attention, superbly handled though it is, but the characters, all of them human and vulnerable: the flawed journalist, the fearful broker, his not quite ice-cool daughter, the sick sheik, even the attendant thugs, brass hats, cops and spies. No one except perhaps Graham Greene knows or describes his atmosphere or terrain as meticulously as Ambler. It encompasses the topography of fear. -By Michael Demarest
Says John Pfister, a real estate analyst at the Chicago Title and Trust Co.: "Luxury housing moves with the Dow Jones averages and has held up well. So has the lower end of the market. But the middle ranges show real weakness." Says one Manhattan broker: "The higher-priced apartments will sell at any time. When you're paying $500,000, you don't care about financing...
Robert Caro, who won a Pulitzer Prize in 1975 for a critical investigative biography of Moses, The Power Broker, calls him quite simply the greatest builder in American history. Says Urban Scholar Lewis Mumford, perhaps the most persistent critic of the immensity and impersonality of typical Moses projects: "In the 20th century, the influence of Robert Moses on the cities of America was greater than that of any other person." Like Frederick Law Olmsted, the 19th century landscape architect who built Manhattan's Central Park, Moses believed in the democratizing effect of recreation. His goal was not simply...