Word: trader
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...steel and copper complaints were timed so that the President would have to decide what to do in the heat of an election campaign. Though Ronald Reagan claims to be a free trader at heart, he has supported quotas and other restraints on imports of autos, textiles, sugar, motorcycles and steel. Administration officials argue that these actions were political concessions necessary to prevent Congress from imposing even tighter restrictions on imports...
Some large U.S. banks now barter goods as a sideline. Says Daniel Nash, a trader hired by Citicorp's London countertrade division to turn commodities into cash for the bank's commercial customers: "Countertrade enables banking activity to continue where it otherwise might not. No one wants it, yet it is there as the only practical alternative for the hard-pressed LDCS...
...savior in whom this earnest vision burns is a prosperous Jewish horse trader named Balaban. He buys an old mountaintop hotel, formerly a monastery, near Vienna and issues a prospectus promising horseback riding, swimming, and the painless eradication of embarrassing gestures and ugly accents. And soon the place is filled with aging Jews of both sexes who have become burdens to their assimilated children...
Glucksman then set about recasting Lehman Brothers in his own image. He appointed as president another trader, Robert Rubin. The two handed out higher year-end bonuses to other traders than to investment bankers. When partners began pulling out and trading profits suddenly shrank, the board voted to put the firm up for sale...
Hart has been able to tap a vein of idealism that is a permanent feature of the American political landscape but accessible only to an occasional candidate. "I haven't felt as excited about a campaign since Kennedy," says James H. Kean, 42, an export trader and retired Marine colonel from Mercer Island, Wash. "The neat thing about Hart's campaign is that it's mostly volunteers. It's that corny American democracy...