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