Word: wipes
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...local landowners vow not to sell at any price. Others, including Mearl Chairman Harry Mattin, have refused to commit themselves until Maine's board of environmental protection officially rules on the refinery project. What they all fear is a disastrous oil spill that could tar the coastline and wipe out the fisheries...
...five-day grace period to pay up. To eliminate the expense of executing many small transactions, Merrill Lynch fills most cut-commission orders in a bunch at the opening of trading the day after the money arrives. Under this arrangement, an overnight rise of only half a point could wipe out whatever saving the customer would realize from the cheaper commissions...
Open competition on all trades in 1975 is likely to be a major jolt for the already troubled industry; Big Board members last year posted losses of $49 million v. profits of $786 million the year before. Competitive rates eventually are all but certain to wipe out many marginal firms, but that process, however painful, should strengthen the industry as a whole. Still, most experts agree that real prosperity is unlikely to return to the brokerage business until the average investor is convinced that the lagging stockmarket is generating returns equal to those on other types of investments, such...
That fear is not without justification: the present world inflation is unlike any before it. Ever since the ancient Lydians invented metal money, inflation has been a painful but largely localized malady. Runaway price boosts might wipe out savings, pauperize
...because they would be inflationary, and then told that they are facing a 10% to 15% inflation imported from neighboring countries. They see their currencies floated, revalued and devalued at something resembling whim. They see their leaders retreating farther and farther from the public eye, ministers issuing decrees that wipe out savings or make it impossible to take that cherished vacation...