Word: pit
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Dates: during 1980-1989
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...York City's health commissioner has his way, there will soon be a mug shot on file of every American pit bullterrier in the Big Apple. Hoping to rid New York of a canine breed favored by dope dealers because of its alleged propensity to clamp its powerful jaws on humans, Commissioner Stephen Joseph has proposed to the city's board of health that pit bull owners be required to have their dogs tattooed, muzzled in public, insured for a minimum liability of $100,000 and, yes, photographed for city records. If Joseph's proposal becomes part of the city...
...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...
...undercover agents recorded their information not just in the hurlyburly of the pits but on social occasions as well. Two feds working the Board of Trade solicited stories about illegal trades by throwing lavish parties in their high-rise apartments and by joining the posh East Bank Club, a gym popular with commodities brokers. One agent who called himself Richard Carlson claimed that he specialized in soybean contracts and was a native New Yorker; the other, who called himself Michael McLoughlin, said he worked the Treasury- bond pit and was from Florida. "Both were nice guys, pleasant, friendly," recalls...
...band's performance also varies in quality and could be tighter. This is particularly noticeable in some of the Audrey II songs, where the plant's vocals come through the speaker system, other cast members' vocals come from the stage and the band's music comes from the pit. Somewhere, the rhythm is out of sync. Fortunately, the off rhythms never diverge far enough to destroy any of the numbers. Generally, the sound effects and the music add effectively to the emotional impact of the script...
...American Motors Corp. and Renault, Hoagland reflects a view that seems to be sweeping the newspaper industry. Confronted by a long-term slump in circulation and intensifying competition with other media for advertising revenue, many newspaper executives are beginning to demand that editors join the management team rather than pit themselves against it. Editors, they say, can no longer afford to stay aloof from such down-and-dirty concerns as advertising, circulation, production and revenues. "The role of the newspaper editor today has changed," says Robert Giles, vice president and executive editor of the Gannett-owned Detroit News and author...