Word: brokering
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...they hold. These bonds would pay a low rate of interest (estimated at 8%). One theory, advanced by Metals Dealer Andrew Racz, is that they were trying to raise money at low cost to invest in higher yielding (15%) U.S. Treasury bills, or even, as James Sinclair, another bullion broker, thinks, to buy more silver. But the prevailing belief was that Hunt, locked into a silver position that he could not sell out at any price he would accept, was in effect trying to turn his silver hoard into cash without actually selling...
Greenhouse, 64, whose father was a Newark real estate broker, was nine when he heard a cello solo in the William Tell Overture and recognized "the sound that I wanted for the rest of my life." After scholarship studies at Juilliard, he spent two years with Pablo Casals in Europe. In 1954, he got together with Pressler and Daniel Guilet, concertmaster of the Symphony of the Air, for a projected recording of Mozart trios. The recording fell through, but the three decided to try their luck on the concert circuit...
...personal fees. But that, Marcello suggested, was nothing compared with the millions of dollars that could be drawn from the huge health and welfare insurance funds of the Teamsters Union. Marcello claimed that Teamster President Frank Fitzsimmons was too ill to block a change. Allen Dorfman, a Chicago insurance broker and former Teamster consultant who had long held great influence over the union's pension funds, was about to be removed, Marcello said...
...will buy oil however and wherever it is available. Aware of South Africa's needs, a group of high-seas swindlers allegedly went to work. The prime suspect is Soudan. A resident of Houston, the 36-year-old Lebanese expatriate was an insurance agent and would-be oil broker who last October set up a one-man business called the Oxford Shipping Co. In November, using $11.5 million that he reportedly claimed later was a legacy from his deceased father, Soudan bought a ten-year-old Swedish VLCC (Very Large Crude Carrier) that had previously been known as South...
Although Nkomo is unlikely to win more than 20 of the 80 black parliamentary seats, he seems to be gaining strength as an election broker. Eager to distance himself from Mugabe's Marxist line, Nkomo seems increasingly open to an accommodation with more moderate small-party leaders, such as Sithole and James Chikerema. He could also form a postelection coalition with Muzorewa, who stands to win about 25 seats in the House but can no longer count on the undivided support of the 20-man white bloc. Mugabe, because of his support within the predominant Shona tribes, might...