Word: tradings
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Dates: during 1980-1989
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Clamor is the usual condition in commodities pits. Last week, however, the soy-bean trading floor of the Chicago Board of Trade erupted in pandemonium as the C.B.O.T. issued an emergency order, its first in a decade, that July futures contracts in excess of 1 million bu. be liquidated. In one day soybean-futures prices plunged 5%, to $6.86 per bu. Traders speculated that a single buyer was trying to corner the market or drive up prices. The suspected culprit: Ferruzzi Finanziaria, Italy's second largest privately held company and the third largest U.S. soybean processor since it bought Indiana...
...Cracow; he also pledged support for a move to reschedule some of the nation's foreign debt. In Hungary he offered $25 million in economic aid, $5 million for an environmental center, a $1.5 million a year Peace Corps project to help teach English, and the end of trade restrictions...
...vision of what his department should accomplish. But with a third congressional inquiry of HUD about to begin, Kemp's visions are likely to remain on hold. More Republican political embarrassment also seems inevitable. One of the House subcommittees said it intends to question Carla Hills, now the U.S. Trade Representative and a former Secretary of HUD, about her efforts to help a mortgage company and a developer get HUD contracts...
...terrible price. Some 23,000 persons were killed and twice that many injured, many of them civilians. The bill for destruction of property hovers around $12 billion. Then in 1988 Hurricane Joan compounded the pain, causing more than $800 million in damage. On top of that, the U.S. trade embargo initiated in 1985 has paralyzed the economy...
...Washington-based national press missed the warning signs altogether. In July 1988 Multi-Housing News, a trade publication, ran an extensive story on influence peddling in HUD's Moderate Rehabilitation program, spelling out, with almost every detail except the malefactors' names, the $2 billion scandal that has since emerged. Reports from HUD's own inspector general sounded similar tocsins. But none of Washington's investigative journalists seemed to be listening. Part of the reason was that news organizations had tired of HUD after reporting the massive Reagan budget cutbacks at the agency in the early 1980s; once most...