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...Soviet Union is already Afghanistan's largest customer and holds 62% of its $1.75 billion foreign debt. Russian aid deals come readymade on terms that would make even a Yankee trader blush. Repayment is usually in commodities, and price and quantity are renegotiated annually. Orange growers on a Soviet-aided project are whipsawed when the fruit reaches the border, where Soviet inspectors often rate it substandard and lower the price. Afghan natural gas is piped over the border. The Russians have craftily installed the meters on their side and pay for the gas at about one-third the world price...

Author: /time Magazine | Title: AFGHANISTAN: Ripe Apple in the Hindu Kush | 10/2/1978 | See Source »

Much demand is coming from Americans who apparently no longer trust their own currency. Says Gold Trader Joel Goodman of Perera Co. in Manhattan "The whole clientele has changed. I'm now selling to the little investor who wants to protect his savings from the effects of inflation. Money is coming out of bank accounts, stocks and even real estate and going into gold...

Author: /time Magazine | Title: Business: Greenbacks Under the Gun | 8/28/1978 | See Source »

...every buyer of an option, there is also a seller, usually a large institution or professional trader. Those sellers were hurt badly when the equity market boomed. Some traders sold options on stock they did not own, a perilous practice called "naked" option writing that they carried out in anticipation of a market fall. When the market exploded, they suffered hefty losses. Many of the option sellers further fueled the market surge when they rushed to buy the shares in order to be able to deliver them to their options clients. The Chicago Board Options Exchange indicated that professional traders...

Author: /time Magazine | Title: Business: Wall Street's Winners and Losers | 5/8/1978 | See Source »

...action takes place during the Thirty Years' War. Mother Courage (Mary Lou Rosato) is an intrepid trader with a sassy tongue and a saucy past. She leeches off the advancing and retreating armies with the goods in her hand-drawn wagon. But her losses bitterly outweigh her profits. While she is haggling over the sale of a belt buckle, her favorite son Eilif (Kevin Conroy) is dragooned to the wars by a sly recruiting officer. Eilif dies. While she tries to shave the price for the release of another son (Jeffrey Hayenga), he is executed. Finally, her mute daughter...

Author: /time Magazine | Title: Theater: Intrepid Loser | 4/17/1978 | See Source »

Also right in the area is the Plaza Hotel, a favorite spot for socialites who like to linger in hotel lobbies. If you are in the mood for elegant and excellent dining, just hop downstairs to Trader Vic's, New York's premier Polynesian restaurant, located in the Plaza's lower level...

Author: NO WRITER ATTRIBUTED | Title: Rockettes' Last Gleaming | 3/23/1978 | See Source »

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