Word: worthlessness
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...Sorry, bud," I said. "The Iranians have bombed the Kuwaiti oil terminal and your stocks are now worthless. So what do you say we rap for old times' sake...
Smith and his growing legion of clients realize that investments in troubled ! companies may turn out to be worthless. But the prices of such cheap stocks and bonds can surge if the firms get out of difficulty. Only ten years ago, for example, Toys "R" Us, then called Interstate Stores, was wallowing in bankruptcy proceedings, and its stock was selling for as low as 12.5 cents. Today a share of the resurgent toy-store chain goes for more than $38, a 300- fold increase. Windfalls can also be made from convalescing companies like LTV, the giant steel firm that...
...Mood, a movie distinct from other movies but nonetheless worthless, takes place in 1944 and tells the story of Ellsworth "Sonny" Wisecarver, a youth who was too young to be kicking Nazi butt during that gloriously simple timne, so did the next best thing: ran away with an older woman. Two, in fact--one played by Beverly D'Angelo and the other by Talia Balsam...
...President Khamenei denied before the U.N. that the Ajr had been laying mines, U.S. diplomats briefly hoped that the 15-member Security Council would be emboldened into a unanimous vote for an arms embargo against Iran. But Khamenei had scoffed at the U.N. as a "paper factory for issuing worthless and ineffective orders," and the futility of the sanctions effort seemed to prove his point. Last July the council unanimously called for a cease-fire in the Iran-Iraq war, which Iraq declared it would accept. But Iran stalled, refusing to clarify its intentions even when visited by U.N. Secretary...
...more than a month, newspapers in Yugoslavia have been dribbling out the details of the country's biggest financial scandal since World War II. The scam centers on Agrokomerc, a giant food-processing firm that issued up to $400 million in worthless promissory notes to 63 Yugoslav banks. So far eight people, including the firm's president, have been arrested. The scandal, dubbed "Agrogate" by the local press, took a dramatic turn last week. As allegations mounted that he and his family were implicated, Hamdija Pozderac, 63, Yugoslavia's Vice President, abruptly resigned. He had been scheduled to begin...