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...commodity futures contract" maturing at some given date in the future. Trading in U.S. commodity futures options has been banned in America since 1936, but dealers can offer options based on the London market. Carr's firm did this and prospered; it grew to employ 1,000 salesmen, and got the blessings of the Boston Better Business Bureau as well as a Dun & Bradstreet "triple A" credit rating...

Author: /time Magazine | Title: Business: Options Scam In Boston | 1/30/1978 | See Source »

...officials of several states, the firm used high-pressure telephone sales tactics. During one 30-day period, the Detroit office made more than 50,000 long-distance calls; prospects were harassed with what Noel Fox, a Detroit federal judge, called "unrestrained and unambiguous predictions of certain or enormous profits." Salesmen were driven hard: sometimes, men wearing gorilla and Superman suits pranced around urging them to boost orders...

Author: /time Magazine | Title: Business: Options Scam In Boston | 1/30/1978 | See Source »

Their identities will be kept secret until 48 hours before the Super Bowl kickoff. If they are lucky, no one will remember a single one of the six when the game is over. They are the game officials, part-timers, in real life accountants, schoolteachers, salesmen and executives, whose only claim to football fame can be infamy. This year's Super Bowl officiating crew will be operating in the unwelcome glare of a spotlight created by two highly debatable, and debated, calls made by their colleagues in two crucial games-most notably the A.F.C. title match. Both calls involved...

Author: /time Magazine | Title: Sport: Now for the Zebras... | 1/16/1978 | See Source »

Since July, salesmen for a firm owned by France's Atomic Energy Commission have been busily signing up foreign power companies for the "reprocessing" of their nuclear wastes by still-to-be-built French facilities. Essentially, these wastes are used-up nuclear fuel in the form of long, needle-like rods encased in zircaloy metal sheaths. Once these rods have been used in a conventional reactor, the utilities normally keep them in large storage tanks that resemble swimming pools. But in reprocessing, the spent fuel is removed from the sheaths; usable quantities of plutonium and uranium are then separated...

Author: /time Magazine | Title: NUCLEAR WASTE: The Reprocessing Race | 1/9/1978 | See Source »

...national and international news. It remains very much a shoestring operation, printed on rented presses and edited in three cramped rooms of a warehouse. Some strikers are performing the same tasks for the Connection as they did for its rivals, but one of the paper's star ad salesmen is a former feature writer, the production chief was an art critic and the author of the trivia quiz a political reporter...

Author: /time Magazine | Title: Press: The Madison Connection | 1/9/1978 | See Source »

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