Word: middlemen
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...What's there to like about this merger? The combined company will effectively cut out middlemen, such as independent concert promoters, business managers, lawyers, agents and venue owners who want a piece of the pie, and allow artists to deliver services "quicker, faster, better and cheaper" to its fans, said Luke Froeb, associate professor at Vanderbilt University's Owen Graduate School of Management and a former senior economist with the FTC and Justice Department. From a stock perspective, Citigroup analyst Mark Mahaney sees significantly bigger growth than Ticketmaster would enjoy...
...resell. "You have to be considerate and not make a mess. If you cause trouble, the police will take your cart, and then you're stuck," he says. On a typical day, which usually includes six hours' collecting goods and two hours' sorting and selling items to middlemen at a municipal lot, he clears around $3.50. A good day means double that, which is still not very much for him, his wife and the four school-age kids they have at home. He earns around half the monthly minimum wage of $175, average for people in his line of work...
...Iran Middlemen For Weapons And Cash Intricate global networks have helped Iran elude sanctions against doing business in the U.S., according to recent reports. A Jan. 12 study from the Institute for Science and International Security says Iranian firms used Dubai- and Malaysia-based intermediaries to procure bombmaking materials from U.S. companies. Meanwhile, British bank Lloyds TSB admitted in a $350 million U.S. court settlement on Jan. 9 that it had illegally stripped identifying information from bank records so that Iranian entities could do business with U.S. banks. Nine other banks remain under investigation...
...reportedly trying to negotiate a plea agreement that could conclude the fraud case against him without a trial. But that's just the beginning of Litt's work. Madoff took as much as $50 billion from investors around the world, working with dozens of feeder funds and other middlemen to lure money into his scheme. Litt will have to decide who among these people is at fault as well. And he will have to do so in an environment in which many powerful and formerly wealthy people are angry. Madoff says he acted alone, complicating matters...
...Israeli officials were predicting that unless a Hamas rocket causes major casualties, the cease-fire would likely resume within 48 hours - even as the fighting raged, the Israelis and Hamas were frantically passing messages to one another through Egyptians middlemen, urging a restoration of the truce. As Israeli Deputy Defense Minister Matan Vilnai explained, "We are not headed to an escalation. The lull brings peace and quiet to the southern communities, and we have an interest to maintain it." Given Hamas' arms build-up in Gaza, however, a showdown with the Israeli army is inevitable, say officials in Tel Aviv...