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Maybe more interesting is merchant activity … that graph looks great".
He described the bustling cities of Linqing and Dezhou in the northern province of Shandong, although he stated that the merchant activity and sizes of these two cities did not match the grandeur of Hangzhou and Suzhou in the south.
According to these legends, the pirates would use the merchant activity to pass unnoticed and use the rivers to go inland, where they hid the pludered treasure inside sewer systems.
Despite the prevailing turmoil, Somalia functions as an "economy without state" [ 29], with its vigorous and unregulated merchant activity servicing the region.
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Evidence for that can be found in inscriptions of Sargon II, according to which merchant activities there began about a generation before his time.
Unlike some merchants, there is no evidence that Gerry profiteered from this activity (he spoke out against it, and in favor of price controls), although his war-related merchant activities notably increased the family's wealth.
The most consequential recommendation from the report, if Congress moved ahead on it, is the proposed ban on merchant banking activity.
Mr. Wasserstein was concentrating more of his efforts on the firm's merchant banking activities, where failures piled up.
In 1987 Peter became Co-Head of the firm's merchant banking activities, and served as Chairman of its Investment Committee.
The success of Morgan's results as Shearson posted meager earnings reflects in large part the enormous profits Morgan has been earning through its merchant banking activities.
In banking law terms, the Fed is simply asking Congress to take back a specific authorization to conduct so-called merchant banking activities, which was originally granted to bank conglomerates in 1999 as part of the Gramm-Leach-Bliley Act that famously ended the Glass-Steagall era.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com