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Word: dollarization (lookup in dictionary) (lookup stats)
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...back or lend to an actual person rather than a big bank. Since May 2006, Marilyn Paguirigan of Honolulu has lent a total of $30,000 to more than 100 people on Prosper, most of whom she has never met. "I measure my returns in not just the dollar amount," says Paguirigan, who happily makes 6% to 7% on her loans. "It's in the fulfillment I get from helping people." Here's a typical P2P loan...

Author: /time Magazine | Title: Hey, Buddy, Can You Spare $10,000? | 2/29/2008 | See Source »

...They're pretty small dollar amounts on each loan," Lui says. "I figured it would be acceptable if someone defaulted...

Author: /time Magazine | Title: Hey, Buddy, Can You Spare $10,000? | 2/29/2008 | See Source »

...best," promises one CD featuring a photo of a charred, mud-crusted corpse on its front cover. Some of the CD sellers are displaced villagers; others are merely hoping to make a little money. One man cheerfully says he is a pickpocket. For 10,000 rupiah, or about one dollar, the touts offer visitors motorbike tours of the site. One, a laconic, mostly toothless man named Purwanto, says he was a farmer before the mud smothered his rice fields. He now makes extra cash taking tourists to the wreckage of his house, located in the shadow of the levees. Purwanto...

Author: /time Magazine | Title: A Wound in The Earth | 2/28/2008 | See Source »

...beneficiaries of the animal vote have been Senators McCain, Clinton, and Obama. McCain has chalked up a strong track record on animal issues, co-sponsoring legislation to stop horse slaughter, opposing drilling in the Arctic National Wildlife Refuge, and voting to eliminate a two million dollar subsidy for the mink industry. Obama, meanwhile, has championed bans on horse slaughter and dog fighting, and surprised a Las Vegas town hall crowd in mid-January by telling them, “I think how we treat our animals reflects how we treat each other, and it’s very important that...

Author: By Lewis E. Bollard | Title: Compassionate Campaigners | 2/28/2008 | See Source »

...building non-residential facilities, while student housing—that the University encourages all students to live in—deteriorates? Additional evidence can be found by comparing Harvard’s undergraduate housing to other universities. A nearby, far lesser institution (Yale) is engaged in a multimillion dollar project to renovate undergraduate housing. While Harvard students worry about sewage in the basements, Yale students worry about which college will be closed next year for a $70 million face-lift. Of course, Harvard could afford a similar program given that its endowment is 50% larger than Yale?...

Author: By The Crimson Staff | Title: Building Character, Not Houses | 2/25/2008 | See Source »

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