Word: transaction
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Dates: during 1990-1999
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...prompted some Wall Street sages to warn that many of the newfangled instruments could be spinning far beyond anyone's control. The Jeremiahs include investment banker Felix Rohatyn, 65, one of Wall Street's elder statesmen, whose son Nicolas, 33, runs a J.P. Morgan department that uses derivatives to transact business in emerging markets in Asia, Eastern Europe and Latin America. "There's a whole different world in off-balance-sheet transactions that are potentially quite dangerous if people don't know what they're doing and a chain of financial commitments breaks down," says the elder Rohatyn. "These...
That defense seems to miss two points about at least the appearance of impropriety: a Governor should not be a business partner of a man subject to regulation by the state administration; and clients with state business to transact might choose a law firm they thought had influence with the administration -- and who would have more influence than the Governor's wife...
When Mikhail Gorbachev and George Bush met in Madrid last week, they had plenty to talk about but little business to transact. It is no longer clear what authority Gorbachev has to enter into international agreements, or even what the constitutional procedure is for ratifying the strategic-arms- reduction treaty the two Presidents signed last July. That was barely three months ago, but it was, as they say in Moscow, B.C. -- before the coup. Since then, with the rapid disintegration of the U.S.S.R., the very term Soviet leader has become something of an oxymoron. So has Soviet Union...
...Gates nomination has triggered a controversy that has little to do with the sometimes ugly, even bloody, but necessary business that case officers transact in the back alleys of the world. At issue is the way bureaucrats behave toward one another at the home office in Langley...