Word: traded
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Dates: during 1970-1979
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...supplies, while Treasury aides urged that the President say nothing for fear of spooking currency dealers abroad into dumping dollars. Yet it seemed more likely that a determined U.S. policy to conserve would strengthen the dollar by showing the world that the nation was taking steps to correct its trade deficit...
Small and big traders and middlemen are charging huge spot-market premiums over and above the OPEC price. Because profits can reach billions a year, you have to expect that the spot trade will increase by hook or crook, and I mean the words literally. When OPEC sees how much money is made on its oil by in-between traders, the producing countries will have no political choice but to increase their own prices and divert more oil to the spot market. That was clear from the moment the Iranian crisis broke. Our Government was made well aware...
...addition to the individual marketeers, several dozen oil companies trade in the spot market. They are not the well-known and much-criticized oil majors but smaller outfits like Monte Carlo's Essex Oil and Rotterdam's Nedol, Vanol, Petrosun and Northeast Allied. There are also specialized commodity trading firms like Marc Rich & Co. Such firms like to keep their dealings-and those of their clients-top secret. At Rich's Park Avenue offices in Manhattan, backroom telephone trading operations are conducted behind locked doors that are electronically controlled by a receptionist at the front desk. Queries...
...moved to New York City to study acting. For spending money, he and a partner did white-faced comedy mime in front of the Metropolitan Museum of Art, occasionally matching acts with Acrobat Philippe Petit, who went on to walk between the towers of New York's World Trade Center. On a boffo day, Williams made...
Last week Treasury Secretary Michael Blumenthal became the first U.S. Cabinet member since the normalization of relations to visit China; he hopes to arrange to help supply much of the products and technology that it needs. He established the outlines for a new trade pact and announced that the nagging problem of assets seized by both countries during the cold war had been solved...