Word: brokering
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...made off with signs referring to the city as the "home of the Western White House." One mile northeast of the Nixon house, the 300-unit condominium development called "Presidential Heights" continues to advertise that "nearly every hillhouse home has a view of the Western White House." Real Estate Broker Charles Day said last week that the ad may be changed, but not the name. "It's been very successful," he insisted. "It has the connotation of quality and success...
...ignite a lasting rally, what could? The answer: nothing immediately foreseeable. The market's drop reflects an unsentimental appreciation of the fact that the change in Administrations cannot quickly halt inflation. Referring to this summer's recently ended Midwest drought, which is sending up food prices, one broker quips: "What is he [President Ford] expected to do? Chew out the Lord for not providing rain?" Meanwhile, high interest rates continue to draw money out of stocks into such investments as Treasury notes and utility bonds, and trading is too light for many brokers to make a profit. Robert...
...everyone he could find who had known Moses well, who had served under him, or who had had his career destroyed by him. Caro waded through forty years of Moses's press releases and examined the hitherto closed books of Moses's Port of New York Authority. The Power Broker is a 1200-page monstrosity that is a mirror of its subject--oversized, uncompromising, and ruthlessly partisan...
...century to the present. If Caro tends to see Robert Moses behind every brick, well, he was there almost always. But Caro's attack on the Moses myths is nearly as overblown, at least in style, as the myths themselves. He writes breathlessly, and sometimes The Power Broker sounds more like a harangue against a political opponent than a well-researched biography...
...very-complicated reasons why New York banks were anxious for Moses's Port Authority bonds (they were tax-exempt, very safe, and paid higher interest than similar bonds) as if he were explaining the Federal Reserve System to a group of ten year olds. But The Power Broker is one of the most interesting books to appear recently on the tired subject of New York. Caro concludes that a democratically-biased system of checks and balances is unable to build vast public works without the warping influence of a demon like Moses. Caro tends to underestimate the extent to which...