Word: pocketing
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...mildews if you bury it." Which may explain why Colombians have been reported buying up jewels -- principally diamonds -- in Antwerp, Amsterdam and Hong Kong. U.S. agents don't think these buyers are Christmas shopping. "You can transport millions of dollars' worth of diamonds in your back pocket," says an investigator. Furthermore, diamonds don't rot when stored in the underground caches favored by Colombian dons...
...Latin America's leading oil producers, Mexico and Venezuela will benefit from the price hike. Mexico might pocket an additional $2 billion in hard- currency earnings, Venezuela perhaps $2.4 billion. But for Mexico particularly, the gains could be erased if a recession in the U.S. cripples its best market: America traditionally buys 65% of Mexico's exports...
Hoff still believes that his Intel group legitimately beat Hyatt to the punch. Yet some patent lawyers say Hyatt's new patent appears to apply to all microprocessor chips and the millions of personal computers and other products (from pocket calculators to videocassette recorders) that depend on them. Industry executives by and large are keeping mum, but if Hyatt's patent is broadly interpreted by courts, it could make him super-rich. According to analysts, a standard nonexclusive licensing fee of 3% of the value of computer products sold would translate into a $210 million payment just for last year...
...even if $21 oil, as opposed to $10 oil, today would save us from $50 oil in a few years, why pay that extra $11 to oil producers? Why not buy the oil for $10, slap on an $11 tax and pocket the difference ourselves? That would raise about $40 billion a year -- just about enough to cancel the budget summit. (Last month's crisis. Remember?) A tax on imports alone would raise half that, allowing domestic producers to keep the difference. Yet the policy of two Republican administrations -- read their lips -- has been that it is better...
...does not face an immediate cash shortage, he is intent on proceeding with some $40 billion worth of self-memorializing development projects that he has been unable to finance. Among them: the Baghdad metro, 2,000 miles of railway and two gigantic hydroelectric dams. Now Saddam can not only pocket the profits of Kuwait's oil wells but also manipulate their production levels to ensure a high price...