Word: worthlessness
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...What They're Invalidating in Puerto Rico: In an effort to counter fraud, the government of Puerto Rico--a U.S. commonwealth--is rendering all its birth certificates worthless. A law passed last December, which is only now receiving widespread publicity, requires millions of native Puerto Ricans to replace their birth certificates starting July 1. Many of the documents, which were routinely used on the island for everything from school enrollment to sports-league registration, have been stolen and sold on the black market over the years...
...homeowner hang onto the new home for eight years before being able to exercise the put option. If the owner sells the house on the open market or loses it in foreclosure before the eight-year waiting period expires, the person is out of luck - the put option becomes worthless. However, homeowners do have the option of opting out of the program in the first six years in exchange for handsome cash bonuses, ranging from 10% of the purchase price in year one to 3% in year six. Still, some analysts feel homeowners should be permitted to exercise...
...picture is worth a thousand words—and a few thousand worthless ones. An article in The New York Times titled “A Desolate Princess of the Bronx? Not Then, Not Now” provides evidence of how easy it is to misinterpret an image. The iconic picture published on Halloween 1991 that showed then-six-year-old Guissette Muniz standing alone amidst a scene of urban poverty provoked readers of the newspaper to contact the family offering gifts or expenses-paid travel opportunities—yet Muniz herself never felt impoverished. With two employed parents...
...while the company's music-publishing arm, which oversees songwriters, generated $208 million. Both profits, though, were wiped out by massive write-downs, which created a largely paper loss of $2.4 billion. "With that level of debt in the business, the reality is that EMI is now almost worthless," says Simon Dyson, editor of the London-based industry newsletter Music & Copyright. (See the 100 best albums of all time...
...practice remains overwhelmingly the exception and not the rule. Only about 40 millimeter-wave devices are in use, at 19 U.S. airports. Standard magnetometers, which are used at the vast majority of the more than 2,000 checkpoint lanes nationwide, can detect metal in guns and knives but are worthless against explosives like PETN...