Word: dollarization
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...easier to open one. That's because it's big business and states compete at offering ever more secure anonymity along with other benefits. Delaware is the well-known leader. The state recently won the dubious top rank in a new Financial Secrecy Index, for the aggressive secrecy and dollar volume it handles, outdoing Switzerland, the Cayman Islands and Panama...
...National Association of College and University Business Officers recently released an analysis legitimizing common knowledge about the suckiness of our endowment, but 24/7 Wall St. took it a step further, calling us the worst at managing money (based on both percent and absolute dollar loss) among 842 institutions with endowments greater than $1 billion...
Maybe no university minds being at the top of a list, even if the statistics that accompany the top spot are a $10.9 billion-dollar loss and -29.8 percent change in endowment market value. And sure, we’re accustomed to Yale, Stanford, and Princeton being behind us...but then again, endowment mismanagement is one area we don't really want to dominate...
...that comfort zone of Social Security, Medicare, Medicaid and food stamps, plus the infrastructure currently funded by the federal government, including bridges, roads and particularly the interstate highways? One analysis by a researcher at the University of Vermont found that the state only gets 75 cents back for every dollar it hands over to the federal center. The secessionists say they'd prefer to save their money and keep it at home. "Not only would an independent Vermont survive," says Naylor, "It would thrive, because it would free up entrepreneurial forces heretofore held in abeyance. We're not preaching economic...
...gather that information, find a meaning it,” Gromer said. “We take pennies and turn them into ten dollar bills...