Word: lynching
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Says John Morton of Lynch, Jones & Ryan: "U.P.I, is like a second newspaper-dispensable." In any case, even Ruhe and Geissler admit that U.P.I.'s hopes rest on the question of how many editors share the journalistic judgment of Michael Fancher, managing editor of the Seattle Times. Says Fancher: "We cannot live without A.P, but we equally cannot live with only A.P." -By William A. Henry III. Reported by David Dawson/Memphis and Janice C. Simpson/New York
Many Wall Street watchers remain bullish. Says Treasury Secretary Donald Regan, former chairman of Merrill Lynch: "The market was due for a pause. But it isn't overdone." Indeed, in the view of Regan and almost everyone else, the bull market still has a lot of life in it. Says Arthur Zeikel, president of Merrill Lynch Asset Management: "We are in the fourth or fifth inning of a nine-inning ball game...
...innings so far have transformed the whole climate for investing. Individuals and institutions, many of whom lost faith in stocks during the 1970s as a hedge against inflation, have returned to the market in droves. Since last August, Merrill Lynch has added 900,000 customers to the 3.2 million it already had. At a time when big brokers are linked to their customers largely by area code 800 telephone numbers, many investors have begun patronizing the hundreds of small discount brokers that have sprung up in storefronts and lobbies. Banks also are getting into the act, buying discount brokers...
...merging left and right and creating new organizations with names like Shearson/American Express and Prudential-Bache. By offering a "supermarket" of financial services, these firms permit an investor to pick up stocks along with auto shocks at his local Sears, to write checks and sell shares through a Merrill Lynch Cash Management Account and to have his Visa transactions recorded along with his stock trading...
...which he does not like attention to be drawn ("It's a pejorative, demeaning. I got a brain, you know"). Nevertheless, it is getting him good movie-acting work. He starred in Brimstone and Treacle and will appear as the head heavy in the upcoming Dino De Laurentiis/David Lynch film of Frank Herbert's sci-fi behemoth Dune. Stage presence and movie appearances tend to reinforce each other, producing a charisma that may be inadvertent but is certainly undeniable. Copeland puts it simply, "His face is our face...