Word: margin
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Dates: during 1980-1989
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...typical shady deal they are believed to have detected is the "bucket trade," in which a broker slices an extra profit margin by buying a contract from a confederate at a bit more than the going price in the pit, or selling one for a bit less. For example, if a customer asks the broker to sell a soybean contract of 5,000 bushels and the market price is $7.50 per bushel, the crooked broker may sell the contract to a colleague for $7.40. That gives the colleague a discount of 10 cents per bushel, or $500, some of which...
...exams and handwriting tests have a wide margin for error, which means that some people are inaccurately labeled as dishonest. James Walls, co- founder and executive vice president of Stanton Corp. in Charlotte, N.C., which sells 1 million written honesty tests a year, admits that his questionnaires are only 88% reliable. Employers should use a written test only to supplement interviews and background checks, Walls points out. Critics of the tests contend that many managers are lazy when it comes to hiring. "They want quick answers to the question 'Will a person be honest?' " explains Jon Bauer, a law professor...
Williams shouldn't have been too upset about losing to Harvard by such a wide margin because thus far every other Crimson opponent has lost by the same margin. The triumph also increased the squad's winning streak...
...special investigation earlier this year, the Federal Aviation Administration inspected every aircraft in Eastern's fleet and deemed the airline safe. But Flight 251's harrowing ride rekindled suspicions that metal fatigue induced by changes in cabin pressure during thousands of takeoffs and landings have decreased the margin of safety in commercial aviation. Although older jetliners have been subject to special inspections since 1983, the FAA responded to the Aloha accident by ordering airlines to replace the rivets on 737s built before 1971. Last week the agency announced that a similar order for aging 727s would be issued in January...
...Three days after President Carlos Salinas de Gortari announced the belt-tightening measures last month, hundreds of government workers demanding pay increases stormed the legislature shouting antigovernment slogans. Thousands more demonstrated in the streets of the city. At his inauguration Salinas, who won a clouded election by the narrowest margin in the 59-year history of the ruling Institutional Revolutionary Party, again called for a reduction in Mexico's debt payments. "The interests of Mexicans," said he, "come before those of the creditors." Yet Salinas' ability to curb his country's debt burden is severely handicapped by the threatening political...