Word: buying
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Dates: during 1970-1979
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...clearinghouse that guarantees his credit. Suddenly he spots the man who is bobbing up and down in the crush like a crazed jack-in-the-box and still screaming "Even 17 D's!" Raymond Elbin, wearing the apple red coat of another clearinghouse, is offering to buy 17 $100,000 Treasury bonds next December (the "D's" in his call) at no price change. Cahnman and Elbin begin bargaining nose to nose, yelling and jabbing fingers in each other's faces. Eventually they agree on a price and, presto, Cahnman has sold 17 of his December bonds...
...onetime tennis instructor, Cahnman began playing the Chicago market three years ago when he gave up his job as a computer-time salesman, scraped together $5,000 and bought a permit to trade Ginnie Mae futures. Although he refuses to divulge his earnings, he has done well enough to buy a full membership in the Board of Trade for $135,000, which allows him to wheel and deal in all phases of the market. But there have been frightening lurches along the way. "Three tunes I've lost massive amounts of money," admits Cahnman, who is married...
...huts of the Iranian countryside. Open sewers flank the area, while dogs nose their way through mounds of exposed garbage. The smell of filth permeates the air. The only sign of 20th century amenities is a spate of television aerials atop most of the homes. "They tried to buy us with television," says one of the local strike leaders, who would identify himself only with the nom de guerre Hossein. "My father used to tell us about this land with tears in his eyes. When I first heard about Khomeini a year and a half ago, I knew that...
...Amexco President Roger Morley, who is also a McGraw-Hill director; Morley earlier had dropped some hints of Amexco's interest, but they were so subtle that McGraw may have failed to pick them up. The two American Express chiefs gave McGraw a letter proposing that Amexco buy all of McGraw-Hill's stock for $830 million in cash, or cash and Amexco stock if McGraw-Hill stockholders preferred, and run McGraw-Hill as a subsidiary without changing the management. Morley accompanied that with a letter resigning from the McGraw-Hill board...
Kucinich's symbol is the city's 64-year-old Municipal Light Plant (Muny Light), which provides low-cost electricity to thousands of Cleveland users. Although the plant is plagued with maintenance problems and must now buy its power from the area's commercial power company, Cleveland Electric Illuminating (CEI), Kucinich believes he can make the system profitable again. The city's creditors feel that Muny is too great a drain on city resources and should be sold to CEI. However, Kucinich refuses to sell, charging that CEI and the banks are conspiring to play politics with the city finances...