Word: paperwork
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Dates: during 1960-1969
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...wasn't in SAG (Screen Actors' Guild) but whose brother's roommate's friend shared an apartment with Marty Richards or something like that: he was being an extra and helping with the paperwork and taking an entrepreneur's holiday all at the same time. During the nights he runs a nightclub in Boston, but that is by no means all. He has enough pies to use up toes as well as fingers: an electronics firm in Massachusetts with outlets in Long Island, some real estate deals, and of course eventually he will take over his father's business...
...thousand upon thousand small-time bureaucrats and journalists that feed upon the beleaguered operation of the state? Washington reeks of lower-echelon bureaucracy. Just as Cambridge reeks of Aeademia and cheap repression and Manhattan of the sham-Literati and Brahmin businessmen, so Washington labors under an oppressive cloud of paperwork and promotions...
Paper Snarl. Brokers' profits have also been reduced by the high cost of battling Wall Street's paperwork foulup, which for nearly two years has snarled delivery of shares from broker to broker and from broker to customer. The number of employees involved in securities processing for Big Board firms rose 36% last year, and average clerical salaries climbed 12%. In a belated rush, brokerage houses are investing more than $100 million a year in automated equipment...
Budge has his defenders. They point out that the SEC staff has continued to press stern disciplinary actions against brokers suspected of manipulations. The SEC has also been prodding brokerage houses to clean up the continuing paperwork mess in back offices. On the major issue of overhauling commission rates, however, Budge has left it to the stock exchanges to develop detailed proposals. He believes that the SEC should only act as devil's advocate, asking questions about any proposed changes to make sure that no important considerations are overlooked. This approach annoys some high stock-exchange officials, who want...
Traditionally, brokerage firms have been financed out of partners' pockets. But private capital can no longer hire the clerks and lease the computers needed to handle the flood of paperwork created by the huge increase in trading volume, nor can private money support the costly research staff demanded by today's increasingly sophisticated investor...