Word: trader
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...stock exchange, the spot market has no big board, no floor, and at present, no ceiling-on prices anyway. It is often called the Rotterdam market because most of the world's spot oil moves through that Dutch port city. But the spot market exists anywhere that a trader with a shipload of oil available for immediate sale can connect with a big-ticket buyer. Transactions can be and have been made in London, Houston, Hong Kong and Eleventh Avenue diners in Manhattan...
...have been sold four and five times while the tanker was still on the high seas, and each subsequent owner has pocketed vast profits. At a dinner of the Institute of Petroleum in London two weeks ago, while guests sipped cocktails and swapped tales about their spot profits, one trader offered to sell a 50,000-ton cargo of heating oil at $260 a ton. Then he disappeared and discovered that in New York City the spot price had risen to $300 a ton. He withdrew his offer and next morning found a buyer at $316. The trader...
Still, the China market can be huge for those companies that know how to tap it. Unfortunately, not many Americans have yet acquired expertise in the art, and some of the advice the neophyte China trader will get is conflicting or just plain wrong. Some traders insist that an American should avoid all attempts at humor in dealing with the Chinese; others assert that Chinese negotiators enjoy a hearty laugh. One American advises colleagues not to wear suits and ties, for fear of embarrassing the Chinese, who will almost certainly be dressed to a person in Mao jackets. Nonsense...
Traditionally, real estate traders and brokers have operated pretty much on their own and dealt with each other one on one. AMREX offers major property dealers an organized exchange resembling those provided for commodity traders and stock and bond investors. AMREX works in much the same manner as do other exchanges. The 2,500 members who actively buy and sell through AMREX ante up token annual dues of $575. For this they can key into the exchange's international real estate listings, which are beamed daily to AMREX headquarters by satellite from Europe. The listings are displayed...
There are other question that need to be asked. Why isn't the financing of all Harvard libraries and buildings subject to scrutiny? Did the endowment which subsidizes a Harvard education ever receive money from a New England slave trader or an anti-semite? Will the fear of being attacked scare off potential contributors? Should Harvard require a loyalty oath or purity pledge from students and professors as well as donors? If so, would you pass? Would your parents and grandparents pass? The father of Sophie Engelhard (KSG '77) was publicly branded as another Adolf Hitler--could your father...