Word: worthlessness
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...rates would float. So did some corporations that have tried to hedge against fluctuations by contracting to buy and sell currencies at a future date: ITT lost $48 million in foreign exchange transactions in 1974. Moans one multinational executive: "All the Harvard Business School techniques are worthless when exchange rates can move by 20% in a matter of months...
...paranolac, psychopathic nut, who takes his relaxation by hanging himself up on a crucifix in the parior, and who is uncomfortable in the role of noble and has no respect for his wealth or position. We're supposed to like him--he's the truly sane one, right? A worthless creep, I think--the idea is admirable, and there are a couple of good bits on the English class system, but they, come from straight parodies of the sane lorda and ladies, not from the idea of O'Toole's character, which is facile and degenerates into Incompressible religious bizarreness...
...commission found no way to shield the CIA director from improper White House pressures in the future, other than to admonish both Presidents and directors to adhere strictly to the CIA charter. The exhortations struck many experts as worthless. As one Rockefeller commission staff member put it: "You need oversight of the presidency more than you need oversight of the CIA." Ray Cline, a former CIA official and director of intelligence for the State Department who knew both Johnson and Nixon, noted: "They were very strong-minded men. A director of Central Intelligence who said, 'Go to hell...
...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...