Word: valuelessness
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...partners received in 1983 from the U.S. Overseas Private Investment Corp., purportedly to revamp a sawmill. The owner of the mill, Rancher William Crone, testified that almost none of the $375,000 was used for its designated purpose. Embarrassed opic officials conceded that collateral for the loan was valueless and said they had asked the Justice Department for a fraud investigation. Senate probers suspect the money was used to finance some of the covert operations that North described during the Iran-contra hearings...
...Rock Forest Trust was initiated by Dr. Stillman in 1940 by a gift of stock of a French corporation. Attached is a copy of the appropriate page of the Harvard Treasurer's Report for the academic year 1939-40. Sub-sequently, it turned out that this stock was essentailly valueless. The main gift of the endowment did not come to the University until the early 1950's and was in the form of a majority interest in the local press. It was this interest that was sold and formed the nucleus of these funds. If you would take the time...
Caffling the K-School program, "gearless in forms of sex," second year public policy student Michela M. Goody said the quantitative nature of the program makes it "sort of valueless [in terms of sex]. The school doesn't normally focus on these issues, partly because there's simply not enough time." Some male students have shown their support by helping the group recruit and by organizing panels...
...years. But in the past three years, profits at the 132-year-old news agency have soared. The company paid $84 per share in 1982, and is expected to pay about $135 per share for 1983. Once the company goes public, each of those shares, once considered almost valueless, may be worth as much...
...brick duplex at 5306 Nevada Avenue, in the affluent Chevy Chase suburb of Washington. Inside were 151 Ibs. of marijuana, worth about $500,000, stashed in 16 boxes. No one was home, but someone planning a drug sale had been stripping the marijuana leaves and burning the relatively valueless stalks in the fireplace. Later, three men and two women, all in their 20s, who had been living in the rented duplex for about a month, surrendered. Their cache, police said, was as first-rate as the $150,000 and $200,000 homes in the neighborhood. Said a police officer...