Word: worth
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Dates: during 1970-1979
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...Administration found a way to help Mobutu under terms of the International Security Assistance Act of 1977, which allows the President to provide certain aid to a foreign country-without congressional approval-if it is deemed "in the national security interests of the United States." Carter authorized $2.5 million worth of training for Zaïrian military officers and $17.5 million in credits for the purchase of "nonlethal" equipment, including medical supplies and spare parts. With that as a prologue, the Administration announced that military transports would fly support missions for the French and the Belgians...
...selling it seven years later for $13.5 million-after Congress investigated sharp fare increases, deteriorating service and alleged financial improprieties, and then refused to renew his franchise. He bought control of Merritt-Chapman & Scott, a respected construction firm, and in half a dozen years had raised its net worth from $8 million to $132 million. He also used the firm to absorb companies that made everything from ships (the aircraft carrier Kitty Hawk) to movies (The Babe Ruth Story). He failed in efforts to buy the Brooklyn Dodgers, the Washington Senators and the Baltimore Colts...
...concentrate on racing, which now takes up about 80% of his time, Wolfson has virtually dismantled his corporate empire, once estimated at being worth close to $100 million. The Wolfsons sold Harbor View Farm last year, but kept the name and now own some 250 horses. Despite their success on the track, expenses are so high ($3 million a year) that the Wolfsons have not always been in the black during the past few years. Affirmed has solved that problem. Some of the Wolfsons' horses are kept in Kentucky, where Louis is respected as a smart and honest...
...Since I fell out of the cradle I've been racin' dogs, ya see. It's an inherited vice. One of my dogs, Downing, who's injured and not here tonight, is one of the best in the world--worth a quarter of a million dollars," he said...
...passage of laws allowing pari-mutuel betting on horses and dogs. In 43 years, Wonderland, one of Massachusetts' three dog tracks, has grown into a $60 million-a-year enterprise; the state skims off 9 1/2 per cent of this sum. Depending on his quality, each dog may be worth from...