Word: worthlessness
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Dates: during 1970-1979
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...biggest and most Byzantine fraud of them all. As many as 80,000 investors and buyers of lots may have been bilked of $1 billion by development companies and mortgage brokers in Southern Florida. According to investigators, the Ponzi-like scheme worked this way: the developers bought nearly worthless tracts of land, subdivided them and sold homesites at inflated prices; they used the proceeds to pay high interest on bogus notes sold to investors under a false claim that the notes were secured by first mortgages on the homesites. When the recession slowed lot sales, many developers defaulted. Investors...
...have nothing to depend on but the mercy and forgiveness of God," wrote Edward Hicks when the shadow of death was upon him, "for I have no works of righteousness of my own. I am nothing but a poor old worthless insignificant painter." This may be as fine a case of being one's own harshest critic as the annals of American art can offer. When Hicks died in 1849, in his 70th year, more than 3,000 people came to his funeral-an imposing turnout today, but a prodigious crowd then. They did not come to honor...
...afford to spend $400 million raising worthless pieces of a sunken Russian submarine [March 31], surely we can afford to spend half that amount in Cambodia and perhaps preserve our credibility as an ally...
...face of the earth, we have a special obligation. Not only must we act to help those in need, but also we must act to ensure that the nation we are citizens of does not continue to use its power, in our name, for oppression and exploitation. Concern is worthless if it does not issue in action. Concern is another name for indifference when one does not do what...
TIME'S cover story asks us to show an element of trust regarding a Middle East settlement. Are we supposed to trust Terrorist Arafat, or the oil sheiks, or the U.N., or international guarantees that were worthless in the past...