Word: worthlessness
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Things are tough all over. In New York, the brokers are trading pieces of worthless paper that represent people's life savings for pieces of worthless paper that represent Gerry Ford's tenuous goodwill towards the Big Banks. In London, people are asking for a "table away from the windows." At Harvard, Henry Rosovsky is about to conduct the largest experiment in Ice Age studies ever. Everyone seems about ready to pull out the plug. Worst of all, this winter we can't shift all the blame on to the Arabs...
...course, if the market price of Polaroid stock remained under $40, the option eventually would become worthless -but even if he let the option expire unused, the investor would lose only his initial $250. More likely, he would resell the option before its expiration date at a price lower than $250, to someone who was still betting on a rise in Polaroid. The vast majority of options are never exercised, and the average option buyer holds onto his contract only for about a month. The stock covered by options is held mostly by institutions or wealthy individual investors who sell...
Many theologians make a sharp distinction between euthanasia and allowing the patient to die a natural death, usually by failing to take extraordinary or heroic measures. Direct action to kill people who suffer pain or are deemed worthless has always been opposed by both Christianity and Judaism (in contrast to many of the religions and philosophies of the ancient world). It was a simple matter of applying the general commandment against murder: "The innocent and just man thou shall not put to death" (Exodus...
Critics of Fogel, including Haskell, have said that Fogel's data is misleading and fragmentary, and that his basic mathematical comparison between Southern and Northern agriculture are inaccurate and possibly make the book's conclusions worthless...
There's something ruthless in that attitude: it treats Rice as something less than human, purely as an instrument, a part broken down and therefore worthless. But what can I say? I have to perceive Jim Rice off the field only as a shadowy and bland image. He says he likes to fish. He comes from Anderson, S.C. He is twenty-two years old, my age, though in some ways he is probably a lot younger than I am because he has had fewer experiences, or at least not as wide a variety of them. He has been to fewer...