Word: worthlessly
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...warrants don't look too promising, either. The stocks of most of the banks the Treasury has invested in have fallen in the past two months, rendering the warrants worthless, at least for now. Some of the warrants may never have any value. Shares of Goldman Sachs, for instance, were trading at an average of $113 in mid-October. That means the stock would have to climb nearly 60% from its current $71 before the government would be able to turn a profit exercising its Goldman warrants...
...pigment is no longer in use. This is the world of Digital Rights Management, in which digital media files are encrypted and hidden from their owner unless a server at Sony or Apple explicitly allows them to be played. When these companies collapse, the media files will be worthless. Every encrypted iTunes download strengthens the hold of DRM, so smash your computer before it’s too late. 2. Vista Now that Apple computers can run Windows, even graphic designers and college kids are not safe from the horrors of Windows Vista. If you leave your computer alone...
...October, Congress passed a law that said banks who held Fannie Mae and Freddie Mac preferred shares, which were essentially rendered worthless when the government took over the two large mortgage guarantors, can count the loss on that investment as a regular business loss, not an investment loss. The Federal Government has estimated the change will save banks as much as $3 billion in tax payments this year. Improved Tax Break on Foreign Operations...
...golden age of obsessive acquisition. We watch Antiques Roadshow and mentally inventory the attic, troll the tag sales, join the National Toothpick Holder Collectors Society. Once treasures were prized for their scarcity, but now mass production creates mass disposal and the chance to find worth in the weird and worthless: bottle caps and matchbook covers, swizzle sticks and toilet seats. (There's a toilet-seat-art museum in San Antonio, Texas.) Since objects of desire tend to hold some special meaning, they let people connect with the instant intimacy of shared fixation. If you doubt this, stop by modernmoisttowelette.com...
...Take literature, for example. Literature is regarded by some as the crown jewel of worthless and inapplicable subjects. But literature’s critics would do well to realize that literature is just as useful a means of gauging the social climate as any social science experiment. Only literary analysis can do what empirical analysis cannot: uncover what people are feeling and how they interact during a certain period in time. Rather than wielding literature’s formidable power of insight, however, academics are often too busy observing topics in the intellectual stratosphere. We are taught what words mean...