Word: worthely
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...Libertarian and don't abide free government handouts, so I agree to an extent with Grunwald's argument for farm-bill revision. However, I must contest some of his findings. He states, "The median farmer's net worth is five times the median American's." Of course it is - farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also jacking up the price of grain." Yet the price of corn has fallen at least 50% since...
...express an opinion is wonderful. Having to read all those opinions isn't. In 2004 there were probably still more people reading blogs than writing them. Not so now, or so it seems. And even if most blogs are skippable, there are one or two or maybe two dozen worth checking out a couple of times--or maybe three or four times--a day just to be sure you're not missing anything. (See the Top 25 blogs...
...libertarian and don't abide free government handouts, so I agree to an extent with Michael Grunwald's argument for farm-bill revision [Nov. 17]. However, I must contest some of his findings. He states, "The median farmer's net worth is five times the median American's." Of course it is--farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also jacking up the price of grain." Yet the price of corn has fallen...
These railroads were worth more alive than dead, so inventive people figured out ways to reorganize them rather than shut them down. "The investment banks and lawyers and managers would negotiate a deal and get the courts to bless it," says David Skeel, a law professor at the University of Pennsylvania and author of Debt's Dominion: A History of Bankruptcy Law in America. "It was a very flexible reorganization process." It was also a uniquely American answer to business failure. The private sector took the lead. Reinvention--and rebirth--was the goal. (See pictures of the global financial crisis...
...Bureau (IMB), the Delight, which is now bearing toward Somalia, joins 17 other ships currently being held by pirates. This week has been particularly successful for piracy: Last weekend buccaneers captured a Japanese-operated chemical and oil tanker as well as a Saudi supertanker, which holds roughly $100 million worth of oil and is three times the size of an aircraft carrier. And let’s not forget the Ukrainian cargo ship, the Faina, which was captured in September while carrying $30 million of weapons and tanks. According to reports, the Faina’s owners have haggled...