Word: stockmarket
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...show needs $1 million or the big top will flop. To raise the money, Bucks calls upon Natalie Yellowbud, tightropist, singer and airhead extraordinaire, to star in an extravaganza in honor of President Woodrow Wilson. Meanwhile, Walter Wall (pun), decides he can't bear life at the stockmarket any longer. After embezzling $1 million, the stockbroker splits (pun) with his secretary and runs off to save the circus. Back at the top, Maureen Bad--"the second thinnest woman in the world" (recurring joke)--schemes and connives to burst Natalie's balloon and steal the show. Throw in an FBI detective...
Smith's special, almost occult power is an ability to read the marketplace. He wrote The Money Game at the peak of the 1960s' go-go stockmarket. In 1972 he successfully sold short with Super Money, an amusing chronicle about the fall of top-heavy conglomerates. Powers of Mind is further evidence that Smith's publishing instincts are like those of a surfer who knows just when to catch the curl of the wave. For the New Purity is upon us-or at least upon the affluent who enroll in TM classes, biofeedback training, Esalen body rubs...
...circumspect Bank for International Settlements, a Basel-based central bank for central banks, issued a blunt report that faulted British authorities for their "not very successful" attempt to cope "with a situation deteriorating on several fronts at once." The infectious gloom of the Basel moneymen spread to the London stockmarket, killing any hopes for an upsurge in the wake of the pro-Market landslide. The day after the B.I.S. report was issued, there was a rush of Arab petrodollars out of London and the pound fell to a record low, 25.9% below the Smithsonian-agreement level of 1971. Meanwhile...
...Competitive rates eventually are all but certain to wipe out many marginal firms, but that process, however painful, should strengthen the industry as a whole. Still, most experts agree that real prosperity is unlikely to return to the brokerage business until the average investor is convinced that the lagging stockmarket is generating returns equal to those on other types of investments, such as bonds and savings...
Among issues of companies making their stockmarket debuts this year, two dozen stand...