Word: traders
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Dates: during 1980-1989
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Nonetheless, Wright pledges to call up a trade bill for House floor debate in May, and the Senate is working on a similar schedule. In the interest of getting something on the books, the Democrats, who control both chambers, are backing away from the protectionist provisions that caused Free-Trader Reagan to block previous bills...
...Then, just as suddenly, the Dow nose-dived, swinging down an amazing 115 points in 71 minutes. At times there literally were no buyers on the trading floor of the New York Stock Exchange, just as earlier in the day there were sometimes no sellers. Said Michael Antolini, a trader with Cantor Fitzgerald Securities: "Everyone went nuts. It was sheer insanity...
...Khashoggi's problems are in keeping with the way he operates. In an age of ubiquitous M.B.A.s and computer transactions, Adnan Khashoggi is a wily and gracious trader, an exemplar of the Arab-Islamic values of daring, cunning, loyalty and generosity. For him the deal is the thing, the only thing. Business, love, politics, diplomacy -- they are all forms of dealmaking. He proudly admits that he dissembles, uses women, flaunts his wealth to get an agreement. "When I am trying to broker a deal," he says animatedly, "in diplomacy or business, I don't tell the truth to both sides...
...master broker but a precarious builder. Instead of constructing institutions, he has created a cult of personality. He is the product of the Middle East, where loyalty is to individuals, not institutions; he understands the psychology of one-on-one haggling, not the culture of corporations. "I am a trader," he says. "If I can make a decent profit, I prefer to take it and get out. There are others who hang on to an investment in the hope of realizing profits several times the money invested. They are welcome to their method. I prefer mine...
...ordinary business, Manucher Ghorbanifar would cut an implausibly mysterious figure. Officially, he has been a shipping executive in Tehran and a commodities trader in France. By his own account he was a refugee from the revolutionary government of Ayatullah Ruhollah Khomeini, which confiscated his businesses in Iran, yet he later became a trusted friend and kitchen adviser to Mir Hussein Mousavi, Prime Minister in the Khomeini government. Some U.S. officials who have dealt with Ghorbanifar praise him highly. Says Michael Ledeen, adviser to the Pentagon on counterterrorism: "He is one of the most honest, educated, honorable men I have ever...