Word: worthely
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...great many cases this will mean that people will continue to live in and pay for homes that may never be worth what they initially paid for them. If a house bought for $300,000 in 2005 is now only worth $200,000, the government is not taking the owner off the hook for eventually paying the entire principle even if the house does not reclaim its higher value. That essentially will turn many homeowners into the equivalent of renters, people living in a residence which may have absolutely no ongoing value for them. The difference is that a renter...
...Wall Street sharpies. It poured $3 billion into Blackstone in return for a 10% stake in the New York-based private equity firm in 2007, just before the bottom fell out of global debt and equity markets. One private equity banker in New York says the investment is today "worth about half of what they paid, if they're lucky." (See pictures of TIME's Wall Street covers...
...involvement in the Hitler Youth is certainly not an indicator of his current beliefs, the Pope must nonetheless be conscious of interfaith relations and how his past history colors the global perception of his actions. Though creating a united Roman Catholic Church is a worthy objective, it is hardly worth it if all other religions are alienated in the process...
...uniqueness may soon be academic, as private collectors drive the price beyond their reach. "The era when musicians could afford their own Strad is coming to an end," Ehnes says. The concert violinist Cho-Liang Lin says the Stradivarius he bought for $300,000 25 years ago is probably worth $3 million now. He points to the sale of recently deceased cellist Mstislav Rostropovich's Duport Stradivarius, which trade publications recently put at $20 million. "There's no way even a highly successful young musician could afford that," he says...
...There are other Lincoln sites in and around Springfield well worth seeing - the train station where he gave his moving farewell address to his friends and neighbors; the home of Ninian Edwards, where the Lincolns met and courted; the reconstructed village of New Salem, where Lincoln launched his political career. Springfield also has been commemorating the 100th anniversary of a brutal race riot that terrorized the city's black residents...