Word: broking
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...year that Newton's laws were repealed on Wall Street. What went up never came down--at least not for long. After starting 1985 at 1211.57, the Dow Jones industrial average broke the 1300 barrier in May, smashed 1400 in November and surged to a peak of 1553.10 on Dec. 16 before settling at 1543.00 at the end of last week. The advance was fueled by the billion-dollar money managers who handle the investments of pension funds, insurance companies and bank trust departments. By the end of the year, even the most cautious of these institutional investors were under...
What astonishes me is that Ted Turner and Boone Pickens and their ilk got free rein to pursue their nonproductive activities, while the antitrust zealots hounded American Telephone & Telegraph and broke up the best telephone system in the world. Emily Exner Chi Chapel Hill, N.C. Deficit Cure...
Miami's People Mover also has glitches, but compared with Detroit's, it has been humming: it is just $2.6 million over budget. Detroit's project was fitful from the start. Eager to get rolling after frequent delays, the promoters broke ground in 1983, although only 3.6% of the on-site engineering had been completed. Not surprisingly, the system has been riddled with defects: 16 of the 173 horizontal guideway beams had to be removed and destroyed in 1984 because of faulty construction. Last month the contractor announced that an additional 14 beams will have to be replaced. Initially budgeted...
Even so, last week's meeting between Assad and Hussein was a diplomatic breakthrough. Relations between Syria and Jordan have been stormy since 1980, when the two countries broke over Jordan's clandestine support of the anti-Assad Muslim Brotherhood. Hostilities continued until last August, when Hussein unexpectedly agreed to pursue a rapprochement. Subsequent talks between Jordanian and Syrian officials produced travel and trade accords, as well as agreements to reject bilateral negotiations with Israel and to back a U.N.-sponsored international peace conference...
...board Flight 197 to Greensboro. At one point, a young man in blue jeans and a Chicago Cubs baseball cap shouted, "I've taken a poll, and everybody here is pissed off at People Express." When told that the plane was finally arriving at the gate, the crowd broke into applause and alleluias. One couple sang an impromptu song to the tune of Somewhere from West Side Story: "There's a plane for us. A time and plane...