Word: trader
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...skinny Thai corporal is hefting onto the rickety table with a grunt. The sack gapes open and dozens of guns clank out, covering the tabletop, several dropping onto the grimy concrete floor. We stare at the jumbled heap of handguns, which I know from Joe, the arms trader who has brought me, are either Brownings or Smith & Wessons. Some have seen long service, the butts chipped and scored. Joe ignores these, instead picking up a snub-nosed Browning, still shiny with gun oil. In less than a minute he strips it down to four component parts, inspects the barrel...
...Thailand and Malaysia control the arms-smuggling trade but it is administered by a dizzyingly complex system of middlemen like Joe. When the police do crack down, those at the top, the brains running the muscle, are never touched. Take a man like Samnang. A 45-year-old arms trader, his daytime job is as a border guard on the Thai side of the border with Cambodia. "I am an ex-Khmer Rouge soldier," he says, smiling easily. We are talking outside his office at the bustling gateway, and Samnang is dressed for work - blue shirt and pants...
...office, the man who understands the power of forgiveness better than most issued a list of more than 100 pardons. Tucked in among the names was that of Marc Rich., 65, one of the world's most wanted white-collar fugitives. In 1983, the brilliant, rapacious commodities trader, along with his partner, Pincus Green, was charged with an illegal oil-pricing scheme that amounted to what might be the biggest tax swindle in U.S. history, to the tune of almost $50 million--not to mention trading with Iran during the hostage crisis. The latter charge was later dropped against Rich...
...office, the man who understands the power of forgiveness better than most issued a list of more than 100 pardons. Tucked in among the names was that of Marc Rich., 65, one of the world's most wanted white-collar fugitives. In 1983, the brilliant, rapacious commodities trader, along with his partner, Pincus Green, was charged with an illegal oil-pricing scheme that amounted to what might be the biggest tax swindle in U.S. history, to the tune of almost $50 million - not to mention trading with Iran during the hostage crisis. The latter charge was later dropped against Rich...
...weekly paddle-tennis game has taken an interesting turn. I play with a trader and two money managers, and lately, points lost on the NASDAQ have been discussed more hotly than those lost on the court through blurred vision and spot rule revisions. To sharpen our focus and have a bit of fun, at our last outing we each made a stab at how long it will take the NASDAQ to get back to its March 10 record close of 5,049. The surprising results spurred me to widen the sample last week with calls to 10 other Wall Street...