Word: worth
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Dates: during 1950-1959
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...biggest Bs (Venezuelan bolivars, worth 30? and as hard as any money in the world) are naturally made in oil and investments, but the fastest Bs come from importing, insurance, advertising, retail trade. Government bonds pay 8%, and even minimum-balance checking accounts pay 3%; many a small company makes its investment back in a year. "Business keeps doubling every year," brags one U.S. operator. "Friend of mine, worth maybe five or six million Bs, showed me his portfolio of stocks. All blue chips-stuff like electricity and beer-and paying 32% on what he put into them...
...Most of the musius are not in the least concerned with local politics. Discussing the army dictatorship that has bossed Venezuela for the past five years, a banker explained recently: "You have freedom here to do what you want to do with your money, and to me that is worth all the political freedom in the world." Venezuelan law lets the foreigner operate freely, and U.S. firms, which own two-thirds of Venezuela's $2.3 billion foreign investment, take their profits out in dollars, with no red tape. Yanquis residing in Venezuela pay no U.S. income taxes...
...this mean that Bear Fox, who also believes that the market mirrors the future and that falling stocks mean that business will decline too, thought there were no buys left? Not at all: "Some of the rail stocks are getting so cheap in relation to their basic worth, that whatever may be the extent of further decline in the market, they are sure to show a profit in the long run . . . Some of them will even begin to look like mighty attractive purchases on a further decline...
DODGE and Willys will share a $60.6 million cutback in Army orders for trucks and jeeps next year. Dodge, which has been making $5,000,000 worth of 34-ton trucks and ambulances a month, will have its orders pared down 37% after Jan. 1. Willys, the Army's sole supplier of jeeps, will have its orders trimmed...
...slakes his dry throat from the still half-filled canteen. It's nearly 10 p.m.; the lights of Paris come into view, and five miles away, the floodlights of Le Bourget Field. Lindbergh toys with the idea of flying on to Rome. He has nearly 1,000 miles worth of gas left. But he circles Le Bourget, lands and rolls to a stop in the center of the field...