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...onetime tennis instructor, Cahnman began playing the Chicago market three years ago when he gave up his job as a computer-time salesman, scraped together $5,000 and bought a permit to trade Ginnie Mae futures. Although he refuses to divulge his earnings, he has done well enough to buy a full membership in the Board of Trade for $135,000, which allows him to wheel and deal in all phases of the market. But there have been frightening lurches along the way. "Three tunes I've lost massive amounts of money," admits Cahnman, who is married...

Author: /time Magazine | Title: In Chicago: A Frenzied Bastion of Capitalism | 1/22/1979 | See Source »

...teen-ager in rural Pennsylvania, far from the sea, Burt Webber had visions of finding long-lost treasure in sunken ships. First he took up scuba diving; later he embarked on a long trail of treasureless sea hunts, barely supporting his growing family as a peripatetic encyclopedia salesman and brickworker. But last November Webber's ship finally came in. Blessed by coincidence and new technology, the 36-year-old adventurer located the site of a 17th century Spanish galleon, the Concepción, some 80 miles north of the Dominican Republic. With his research partner, Jack Haskins...

Author: /time Magazine | Title: Science: The Treasure of Silver Shoals | 1/15/1979 | See Source »

Dallas merchants say Christmas sales may climb by 25%. Shoppers are packing malls in suburban Houston to buy stereos, TVs and Betamax recorders. Expensive furs, jewelry, silks and cashmeres are brisk sellers everywhere. Many retailers echo the report of a luggage salesman at Chicago's Marshall Field department store: "Customers are buying better quality. It's the old philosophy of being too poor to buy cheap...

Author: /time Magazine | Title: Business: Spending for a Rainy Day | 12/25/1978 | See Source »

...They are like people coming out of a dream, blinking in the light," says Playwright Arthur Miller of the artists, film makers and writers he has been interviewing in China. The author of Death of a Salesman spent a month gathering material for a book, Chinese Encounters, a joint venture with his photographer wife Inge Morath. "I found them remote and totally cut off," Miller said of his subjects. Until the government's recent liberalizing trend, they were "sequestered on farms feeding pigs." Although none of the Chinese Miller met knew of his work, there were some recollections...

Author: /time Magazine | Title: People, Dec. 25, 1978 | 12/25/1978 | See Source »

DIED. Harry Winston, 82, showy Fifth Avenue gem merchant who sold $175 million worth of precious stones annually; of a heart attack; in New York City. A jewelry salesman from age 15, Winston became one of the world's largest diamond dealers by outbidding competitors for famous stones like the Jonker and Hope as well as by producing cheap engagement rings wholesale for Montgomery Ward. His refusal to be photographed, ostensibly to avoid being recognized and possibly robbed, only increased his visibility in business...

Author: /time Magazine | Title: Milestones, Dec. 18, 1978 | 12/18/1978 | See Source »

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