Word: worth
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...from a Brokerage. The occasion was the institute's 23rd annual art exhibit, which since 1953, when prize totals topped $5,000 has become a national affair that gives artists a summer-season target worth shooting at. On the walls were 50 paintings from past prizewinners and another 250 winnowed out from the 1,701 entries submitted; they divided about evenly between abstract and realistic...
Started by the Economic Cooperation Administration in 1948 to encourage more U.S. firms to invest abroad, the program resulted in agreements with 37 nations, including Jordan, Iran and Turkey. Pacts with Lebanon and Iraq were being negotiated when the shooting started. Since 1948, 220 policies covering $207 million worth of foreign investment have been sold. But this is barely a drop in the foreign-investment bucket: U.S. investment abroad rose by about $3 billion last year to a total of $36 billion...
Some foreign investors feel that the insurance, although relatively inexpensive, costs more than it is worth. Others complain of difficulty in getting speedy approval from foreign governments, which can delay a policy for months with red tape. One important drawback is that the guaranty program does not insure against devaluation, by which a nation can halve the value of its currency-and a firm's profits. Nor does it protect against sudden policy shifts, involving unfair import quotas, unfavorable exchange rates, discriminatory tax and wage laws or even government-inspired labor unrest...
...last year, are on the rise now. More important, new applications are coming in for underdeveloped nations once considered too unstable. In Jordan, Oilman Ed Pauley last year got a $6,000,000 guaranty for oil exploration, and there are applications for $23 million worth of expropriation insurance pending for Iran...
...times, said Parker, the salesman cons the owner into believing his property is worth as much as $100,000, walks off with $1,000 as an advance fee. When the prospect calls in a lawyer, it just makes the game easier. "We would simply tell the lawyer he could get from 2 to 3% of the total sale price when the business was sold," explained Witness Parker. "So naturally he would approve the deal." The hooker, of course, is that the promised sale almost never comes off. The deceptively worded contract promises only that the firm will try to sell...