Word: protection
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Dates: during 1980-1989
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Incumbent Councilor Alfred E. Vellucci's unique brand of populism includes crucial support for rent control--he provides the outgoing Council's fifth "swing" vote to protect the system. Vellucci, however, opposes the CCA candidates' effort to create a "linkage" program that would help alleviate the pressures of development by requiring largescale builders to add to the stock of affordable housing...
...34th-floor trading room of the Donaldson, Lufkin & Jenrette (DLJ) brokerage firm on Wall Street, arriving traders are startled by the presence of uniformed security guards. Corporate officials, deluged by cabled sell orders, know a rough day is ahead: the guards are there to protect traders from any violent clients. The New York Stock Exchange is not yet open, but already some of the firm's brokers are perspiring at their telephone consoles, staring at banked arrays of 200 blinking buttons. Tension mounts as Dudley Eppel, a managing director, delivers a grim pep talk: "Well, here...
...most arbitragers were on the sidelines last Monday because the computers that track prices had fallen hopelessly behind. The real culprit was a variation of program trading called portfolio insurance. This is a defensive strategy designed to protect stock portfolios against market downturns. Rather than sell stocks as their prices are falling, portfolio insurers sell stock- index futures. If the decline persists, the futures can be repurchased at a lower level, yielding a substantial profit that will offset some of the loss sustained on the stocks. But traders who buy the futures hedge their positions by making computer-aided sales...
...told President Bok that I needed to file my complaint merely to protect my rights to file a suit," Dalton said yesterday. "Filing the complaint doesn't reflect a change in my decision to wait until his review process is finished to proceed with any action...
Offensive Line: Harvard's line has been opening gaping holes for the backfield and has been rather successful protecting its QB, even though Yohe's roll-out style makes it more difficult for the line to protect...