Word: trader
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...addition to the sluggish economy, an important factor in the dollar's weakness may be fears that President Reagan, because of his recent brush with cancer, will not be able to serve out his full term. Says Alfred Roth, the chief currency trader at New York City's Chemical Bank: "So much of this market is not just economics. It's pure psychology, and Reagan's health has done a lot to hurt the dollar." Agrees Pierre Rinfret, a New York-based economic consultant: "Confidence in President Reagan's leadership made the dollar a strong, upbeat currency for roughly three...
...book, Black Gold of the Sun: Searching for Home in England and Africa, came out this month. It's an engaging memoir-cum-travelogue about a 2002 trip to explore his roots in Ghana. To his shame and disgust, he found that one of his ancestors was a slave trader, a discovery that both shook his world and, paradoxically, freed him from it. "To be honest," he acknowledges quietly, "I haven't really come to terms with it. It's a very salient daily reminder of the fact that there's no such thing as black and white, that everything...
...largest encyclopedia means Jimmy Wales gets a lot of bizarre e-mail. There are the correspondents who assume he wrote Wikipedia himself and is therefore an expert on everything-like the guy who found vials of mercury in his late grandfather's attic and wanted Wales, a former options trader, to tell him what to do with them. There are kooks who claim to have found, say, a 9,000-year-old, 15-ft.-tall human skeleton and wonder whether Wales would be interested. But the e-mails that make him laugh out loud come from concerned newcomers who have...
...Marine slogan NO BETTER FRIEND, NO WORSE ENEMY-near their bodies as a message to insurgents; by the Marine Corps; after an autopsy failed to confirm that the men had been shot in the back while on their knees, as reported; in Camp Lejeune, N.C. The ex-Wall Street trader didn't deny the shooting but claimed he was acting in self-defense...
...have to be a commodities trader to worry about West Texas crude. Most of us know the price of gasoline to the penny, and it's starting to really pinch. President Bush made the rising price of oil a focus of his prime-time news conference last week. But as Bush has acknowledged, lowering the price of oil isn't that easy. "You can't wave a magic wand," he said. Oil, unlike other products and services that are manufactured and sold, obeys the laws of geology, not just supply and demand. "You don't make more oil," says...