Word: traders
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Dates: during 1980-1989
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...they get to be the underdogs every year is a mystery on the order of how Trader Red Auerbach got Scott Wedman for Darren Tillis a couple of seasons ago, and how Coach K.C. Jones got a former All-Star like Wedman to play a character part. Wedman took eleven shots in the series opener, including four from 3-point range, and made them all. Then he returned to his seat next to Carr, who says, "It's amazing what everyone can accomplish when nobody cares who gets the credit." Carr was a star in the league once himself...
...would be to provide the world economy . with a tonic, in the form of speeded-up exchange of goods and services, that it might need to shake off the effects of a slowdown in U.S. industrial expansion. A more political, and more pressing, purpose was to give Free Trader Reagan ammunition to use against protectionists at home who want to limit imports. A quick start on tearing down trade barriers would enable the President to hold out hope that the U.S. could reduce its debilitating trade deficit by increasing exports instead...
...graduate of M.I.T. and a for mer Merrill Lynch commodities trader, Markowitz set up his own offices in Washington, New York and Chicago during the early 1980s. A profile published in the Wall Street Journal said that associates described him as "a short, overweight young man who liked to wear jeans and deck shoes to the office and who didn't always pay attention to business details." His empire started to collapse in 1983, when the Internal Revenue Service became suspicious of his dealings...
...Government intervention in the marketplace. "I'm not very popular with the people around the White House anymore. I told them (on trade policy), 'Let's make sure we don't get hosed.' They don't like that. This Administration sees you either as a protectionist or a free-trader, with no shades in between. And we're going to lose, as a country, for it." Given the protectionism and market intervention practiced by Japan and other foreign governments, Iacocca would have Washington intervene in the market too, setting up import tariffs and quotas to keep manufacturing jobs...
ACQUITTED. Marie McBroom, 59, a New Jersey commodities trader; of six counts relating to illegal traffic in oil and gasoline, an offense that carries the death penalty under a law passed five months after her arrest; in Ikeja, Nigeria. Detained in February 1984 in an anticorruption sweep, McBroom argued that she had been an innocent go-between in the allegedly illegal oil deals. During her year of imprisonment in Nigeria, she contracted malaria and lost 40 lbs. She left for the U.S. the day of her acquittal...