Word: caveats
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...Caveat Emptor. The tax angle has also heightened the appeal of shares in oil wells, which enable the investor to claim the 27½% depletion allowance and write off the expenses of drilling and operating the wells. There is speculation in money itself: the growth of coin collecting in recent years has nudged the value of uncirculated coins up as much as 70% a year. Diamonds, long a solid investment, are attracting more investors than ever; prices of small stones have risen 7% in the last year. Another longtime investment area, commodities futures, is winning new enthusiasts. For as little...
...Caveat Wonk...
Exit Adlai. A few delegates had been warned in advance. On the jet flight east, California Democrats got a mimeographed caveat: "No major hotel has been built in Atlantic City since 1929. and all of them have endured bad years. Such matters as falling plaster, removable doorknobs, detachable shower handles, unopenable windows, droughts (temporary water shortages of one kind or another), inoperable window shades, interminable room service, and lethargic elevators should be reported to the management or shared with sympathetic friends. The latter seems to have the best results. Welcome to Appalachia by the Atlantic...
...Wall Street philosophy of caveat emptor, that every man's losses are his own misfortune, received an important qualification last week. The New York Stock Exchange decided to make good to 20,000 hapless investors the mistake of one of the members of its club. After four feverish days of consultation, Exchange officials and a group of top brokers agreed to set up a $12 million fund to pay back almost immediately the losses suffered by the customers of Ira Haupt & Co., which was suspended from trading after its biggest commodity customer went bankrupt, leaving the firm with debts...
...Caveat to Cheaters. But what might be the effect upon today's U.S. nuclear superiority of Russian treaty cheating? McNamara argued that the U.S. could almost certainly detect any Russian nuclear tests of a size worth conducting. He conceded that the Soviets might get away with a test in deep space-20 million or more miles away from the earth -but such tests "would involve years of preparation, plus several months to a year of actual execution, and they could cost hundreds of millions of dollars per successful experiment." Anyway, he said, the U.S. plans to launch within...