Word: trader
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...visible Hispanic leaders across the U.S. All Democrats, the club includes New Mexico Governor Toney Anaya and Mayors Maurice Ferré of Miami, Henry Cisneros of San Antonio and Louis Montaño of Santa Fe. When Peña, a political unknown and son of a Texas cotton trader, is sworn in this week, it will end the 14-year reign of William McNichols Jr., 73. Tainted by ineptitude and scandals involving his appointees, Mayor Bill, as he was known, finished a poor third in a field of seven in a May bipartisan election...
Inside the club, preppie Louis Winthorpe III (Dan Aykroyd), the sharpest commodity trader going, is reporting to his employers, the brothers Duke. This pair are Dickensian in their meanness and cupidity, but right up to date in their desire to manipulate people for the sheer nasty fun of it. Winthorpe III, it should be noted, is Billy Ray's soul brother in just one way: he is not as bright as he thinks he is either...
Mort Ciment, 59, was what Friedman would call a typical Type A. Excitable to begin with, he worked as a Los Angeles commodities trader, a job he likens to "being in a mad cage." When the market was really moving, he says, "there was terrible tension. You'd leave to go to the bathroom, come back and find the position horribly changed." When he got home, he admits, "my nerves were singing, and I'd take it out on the nearest person...
...whether the eight-month-long rally might finally be ending, the stock market seems to take off on a new record-breaking binge. Last week the Dow Jones average of 30 leading stocks flirted for the first time with the 1200 level. Said Frank Quintana, a Merrill Lynch floor trader who was hoarse from shouting buy and sell orders at the New York Stock Exchange: "The euphoria just keeps building and building. I can't remember a mood like this since August...
...bluff worked. And bluff it was. Abandoning the EMS for isolationism would have been as close to collective suicide as France could engineer. Delors, a free trader, realized this. Going its own way in the delicate world of European trade would only ravage the franc and jolt France's trading posture into chaotic disrepute. It would be costly, as well. Artificially propping up its currency would deplete already dwindling French foreign reserves. The franc would turn soft; the French economy would strangle itself...