Word: trader
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...Another rule of thumb: Life is unfair, and everything comes a lot easier when you don't really need it. I did my best-ever bit of bargaining killing time on a layover in Istanbul, last January. A rug trader lured me into his shop and showed me a beautiful Anatolian kilim. "I'm on my way to Iraq, I don't want to buy a rug," I kept telling the guy, as the price kept plummeting...
...business has been closed indefinitely. Until last month, this was one of the biggest private companies in the city, residents say; its owner was a popular philanthropist. But now pedestrians keep their distance, some averting their eyes when passing. The shop belonged to Mutallip Hajim, a successful Uighur jade trader well known for sponsoring religious-education classes. He was arrested in January for unspecified crimes. On March 3, police announced that the 38-year old had died of a heart attack in prison...
...almost hear Gordon Gekko cheer. Financial traders are widely seen as filthy rich, brash, and, well, ballsy. Now it turns out that there's cash in those cojones. According to new research from the University of Cambridge, a male trader's daily testosterone level is higher on days when he makes more than he would in an average day. What's more, the higher a trader's morning testosterone level, the more money he'll likely have netted before the close of business that day. Testosterone, in other words, can be good for business...
...point. The effects triggered by chronically elevated levels of testosterone can eventually have the opposite effect. Animals observed in this same situation by scientists start to pick fights they ought to avoid, or to patrol a wider, more hazardous patch of territory. Perception of risk becomes blurred. For a trader on a roll in the midst of a bubble, for instance, that suggests "several rounds of winning means testosterone so high they start taking stupid risks," says John Coates, a former Wall Street trader turned senior research fellow at Cambridge, and lead author of the study. Amid today's volatile...
...afforded certain privileges to its military personnel, and the old Navy flyer John McCain is confident he has earned a pass. "I enjoyed every single moment of my life here," he announced in a prepared speech Wednesday in Pensacola, Fla., "from learning to fly to blowing my pay at Trader...