Word: cashed
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...making money: "When people think of a blogging business model, the first thing that comes to mind is that they'll run ads on their site. But in fact, the economics of this route are rather dicey - so don't quit your day job expecting that cash will fly into your pockets the second you sign up ... It takes hundreds of thousands of readers to earn anything approaching a living online...
...alternative currency is generally used in conjunction with conventional money; one may use local currency at the farmers' market and regular greenbacks at the supermarket. "It doesn't try in any way to replace cash," says Christoph Hensch, a Swiss national and former banker living in Christchurch, New Zealand. Rather, it offers a way "for people to share and redeem value they have in the community." He says the currencies are most useful in geographical areas or social sectors where money doesn't flow sufficiently, citing, for example, New Zealand's Golden Bay, which is so remote that it sometimes...
...BerkShares has helped solidify local ties, says Witt. "It's cash, so you have to pay your bills by walking into the store or dentist's office." Local pride does have its challenges, however. In September the town of Lewes in Sussex, England, issued the Lewes Pound - complete with a special-edition beer from Harvey's, a local brewery, to celebrate the introduction. There was an immediate run on the currency, limiting its circulation; Lewes Pounds were going for 35 pounds sterling on eBay. The organizers quickly went back to press and dealt with the situation. As Witt...
...rules vary from country to country. In the U.S., any business transaction must be recorded and reported to the IRS; tax levies apply as if the trade were made in cash. As Squires puts it, professional services are subject to income tax, but for noncommercial transactions, barter rules hold. "If I bake a cake for you, that's not a taxable event," he says...
...mouth and a sign reading "Stop" on the cracked windshield of her Audi. At the time, she was writing about Steven Seagal and Mike Ovitz, both clients of Pellicano. The trail eventually led to his office, where FBI agents discovered plastic explosives, grenades, pistols and about $200,000 in cash in Pellicano's safe. He pleaded guilty to weapons charges and went to prison...