Word: traders
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Dates: during 1990-1999
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While working as a vice president and senior trader for Manufacturers Hanover Trust Company in 1990, Daniel K. Young, 29, induced the company to sell him and a private investor the bank's stake in a $1 billion debt instrument of the Republic of Columbia, the New York County District Attorney and the Fed charged...
...indictment also quotes alleged conversations in November and December of 1990 between Young and Liberatore, who were then business partners, in which they discuss how to convince a Manufacturers trader to sell Liberatore the Colombian debt instrument. Manufacturers eventually sold the instrument to Liberatore at 67.5 percent of its face value...
...Education formed his ideas about education for "the masses" through art. After 1918, Barnes' acquisitions became obsessive. His biggest spree was in the early '20s, when he went charging through Paris waving his checkbook (earning the disapproval of Gertrude Stein, who thought him vulgar) and haggling like a mule trader. The postwar market for modern art was low, and Barnes got nearly everything he wanted, including, as he later boasted, the entire contents of the "drunk, sick and broken" Chaim Soutine's studio "for a pittance" -- about...
Thwarted in his desire to unload this philanthropic instinct on the art world, he spent a few years as a Wall Street commodities trader. But even as he languished in exile, the art market changed. By 1986, it was full of new collectors ready to believe that practically anything could be the Wave of the Future. The Hoovers were hoovered up. Then came some aquarium tanks in which basketballs floated, weighed down by a solution of Epsom salts and water to neutralize their buoyancy. These rather banal objects still strike Koons' fans as veritable icons of mystery and memory. "They...
...factory equipment. He winced when he paid $38,000 for a small Datsun, but says the steep price was worthwhile because it helped the government prevent traffic jams by limiting car ownership. "Overall," he says, "life in Singapore is pretty good." Sultan Ahamed, an ethnic Indian Muslim spice trader with strong family links to his strife-torn homeland, speaks for many Singaporeans when he declares, "What shall I say? This is a paradise...