Word: centralizes
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Dates: during 1970-1979
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...exchange's international real estate listings, which are beamed daily to AMREX headquarters by satellite from Europe. The listings are displayed on the video terminals, and with the help of a 1,000-page inventory book, buyers and sellers can size up the market quickly and in one central location. AMREX'S members are mostly real estate firms institutions and banks (among them Chase Manhattan) and private investors. Though most of the members do not show up on a day-to-day basis, they are still hooked up to the system through the exchange's dozen...
...California at Berkeley. In the course of his research he discovered that local ownership of a random sample of prime property in the Los Angeles area had dropped from 90% in 1945 to close to 40% by 1965. Deciding that such absentee buying could be better handled through a central exchange of sorts, Jackson started a West Coast exchange in 1968 with a local real estate firm. Though business was uneven for the next few years and his partners pulled out quickly, by last September Jackson was finally able to open a legitimate exchange trading floor in his San Francisco...
...only central exchange for dealing in such high-cost properties AMREX is prospering. It charges a ½% commission on the first $1 million of any transaction and ¼% each million above it. Twenty-five percent of this amount goes to the floor specialist who put the deal together. (Most specialists successfully close from three to five deals a month but may make as many as 20 prospective match-ups a day.) Though Jackson's expansion plans include opening a London office, his customers seem quite pleased with the present setup. Says Connelly AMREX is like a candy store. There...
Bloch's view is part of her new book, So the Witch Won't Eat Me (Houghton Mifflin; $9.95). Despite its slightly frivolous title, its central idea is quite serious. After 25 years' work with some 600 patients, most of them children, she concludes that fear of infanticide is crucial in early psychological development and sometimes in later psychological problems as well. Among her patients, she points out, she "never found anyone who did not have this fear and whose lifestyle was not designed to deal with...
Bloch's unconventional theories are quite likely to raise a few hobgoblins of their own among her colleagues. One reason: they run counter to a central doctrine of psychoanalysis, the Oedipus complex. In Bloch's reworking of that Freudian gospel, the kids are attracted to a parent, not out of the incestuous impulses postulated by Freud, but as a sexual strategy to gain control over a threatening parent. One needs only to return to the original Greek myth for proof of her infanticide theory, says Bloch. Unfortunately, she adds, the master apparently missed the key point: the young...