Word: buyer
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...from $60,000 in 1981 to $30,000 now. "They've got to move the inventory," says Sergeant Skip Pearson of the Metro-Dade Organized Crime Bureau. "It's like an end-of-the-year sale." Explains Bureau Commander Arthur Nehrbass: "Right now, it's a buyer's market. We've been offered coke at $28,000 per kilo on credit, with two weeks...
...survey of 1,700 issues. The security's price is typically determined by multiplying the level of an index by $500. A contract based on a Standard & Poor's index that stands at 160, for example, would be worth $80,000 ($500 times 160). To invest, a buyer would have to put down something less than 10% of that amount, or about $6,000. The investor would then stand to make or lose $500 on every point the index rose or fell. If it were to jump to, say, 165, the purchaser would have a profit...
...biggest independent dealer in crude oil, Rich, 49, leads an intensely private life, is rarely photographed and gives no interviews. His money, however, talks. He was the secret partner in the $722 million purchase of 20th Century-Fox in 1981. He is believed to be the "mystery buyer" who the same year tried to corner the global market for tin. The Belgian-born Rich, whose family fled to New York during World War II, found his calling 30 years ago as a metals trader after dropping out of New York University. The Swiss-based commodities firm he founded...
...Japanese stress personal relations because they are interested in the long-term implementation of an agreement. Western businessmen, on the other hand, may tend to look more at the shorter term. "The American feeling is that it's the horse buyer's fault if he fails to ask whether a horse is blind," says George White of the Harvard Business School. "For the Japanese, however, a deal is more of a discussion of where mutual interests...
...onions nor garlic, for we are to utter sweet breath," Mose Coleman harvested the first Vidalia onion, ate it and found, among other things, that his breath would not fell a mule. That was in 1931, and Coleman, who is now 82, took his onion to a buyer for a food-store chain. "I pulled out my onion and my knife," he recalls, "and I ate it there in front of him. He'd never seen anything like it. There wasn't any tears coming out of my eyes, and I wasn't making no face...