Word: consultancy
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Dates: during 1970-1979
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...most elaborate fourth-market enterprise, Manhattan's Institutional Networks Corp., or "Instinct," enables clients to trade stocks over a private network of teletype machines linked to a computer. A client can consult Instinct's "offer file" for any of 1,550 stocks by punching keys on his teletype, which prints out a list. If a buyer spots an offer he wants, he can instruct the computer to connect him with a potential seller to dicker over the terms. To preserve the coveted anonymity, both parties are identified only by coded numbers. A deal is closed when a trader...
Some tycoons confronted with massive taxes might be tempted to move to another country, turn reactionary or consult a Swiss banker. But not Konosuke Matsushita of Japan. In 1946, convinced that his high taxes resulted from World War II, and that the war had resulted from the sad state of society, Appliance Magnate Matsushita founded an institute to "improve the human mind." A year later he launched a magazine to spread the institute's word. Today PHP (for Peace and Happiness through Prosperity) is the most popular magazine in the Japanese language...
MEMBERS of TIME's Board of Economists meet four times a year with the editorial staff for a daylong analysis of the economy and consult regularly on individual stories. The economists speak as individuals, not as representatives of the institutions with which they are associated. The members...
Since there is no marketplace for medicine in Russia, patients are recommended to a hospital through their polyclinics, then treated in the hospitals by doctors specializing in their illnesses. Individuals are free to consult recognized specialists or to pay a one-ruble ($1.11) fee and go to special centers for consultation if they are dissatisfied with polyclinic or hospital diagnoses...
...W.C.C. actions have so divided its 235 Protestant and Orthodox member churches. The Archbishop of Canterbury protested that the W.C.C. executive council did not consult constituents before voting the funds last month. The British Council of Churches expects a hot debate at its Oct. 17 meeting. Elsewhere, key Protestants are choosing sides...