Word: cashes
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...blessings we enjoy as Americans. And the lack of any sense of obligation makes it very hard to expand those blessings to include, for example, some kind of guaranteed health care. But obligations are not voluntary. And the most efficient and fairest way to satisfy them is cash on the barrelhead...
...Morality notwithstanding, the headlines of the past month remind us that the land of the Liberator still knows plenty of shady deals after all these years. In early August, a little-known Venezuelan businessman, Guido Antonini Wilson, was caught carrying a briefcase with nearly $800,000 in cash on a private flight from Caracas to Buenos Aires. The flight was chartered by the Argentine state oil company, and officials from that firm and from the Venezuelan state oil company had been on board. The incident has been an embarrassment in Buenos Aires, where the government was already under fire...
...company, no one doubts, must be sold. The 5,000-pound vulture in the room is named Air France-KLM, which sat out this past year's round of bidding. Alitalia's initial cuts (modest as they are) to both personnel and fleet, its search for some hanging-on cash, and above all its shifting its hub southward all make it a more attractive regional partner for Air France following its merger with Dutch carrier KLM. It may turn out that playing hard to get will pay off for the French, as the Italians grow more desperate every...
...courthouse steps in an atmosphere that's often chaotic and crowded with lawyers, bank representatives and onlookers. A folio number is called and the bidding begins. Within a minute, the whole thing is over and the house has a new owner, who has to pay for his purchase with cash, sometimes...
...these sales, you know the title is clean and clear, you can finance the purchase instead of paying cash, and you have the chance to tour the house before bidding. One company, Williams & Williams, even holds auctions at the properties themselves. The trade-off is a much lower return - 10% to 15% if you're lucky. And some shops charge a commission, like REDC's 5% "buyers premium," which eats directly into your profits, which is one reason many people use these auctions to buy homes to live in, not solely as investments...