Word: dollarization
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...outstanding balance on the card while the deficit is the amount added each fiscal year.) At this rate, the Administration estimates that the U.S. could face a cumulative $9 trillion in deficits over the next decade - $2 trillion more than previously thought. (Read "How to Understand a Trillion-Dollar Deficit...
...then, of course, there is the time spent, whose dollar figure is incalculable, though one study says it's worth more than the cash laid out. Parenthood means never really being alone, until the day the kids leave home and you're left with no idea what to do with all the time and energy you used to spend chasing after them. Maybe I'll finally learn to knit. Or cook something with more than three ingredients. Or slide the years of accumulated photographs into fresh, matching albums, the images incubating as memory to hatch as history...
...first glimpse into the strange modern methods of making money from making markets in stocks. Madoff's version of it was actually outdated by the time he explained it to me. With the government-ordered advent of decimalization in 2000 (stocks were previously traded in eighths of a dollar) and the rise of nimble competitors, the big spreads that Madoff Securities once feasted on were already a thing of the past...
Final Clubs: 1. Eight endowed all-male clubs, housed in their own multi-million dollar mansions. 2. The center of some students’ social lives (mostly female first-years’), they are viewed disapprovingly by College administrators and women’s groups alike. 3. Bastions of socioeconomic elitism. 4. Generally overrated...
...Queen’s Head: 1. Short for The Cambridge Queen’s Head Pub, the surprisingly not-awful drinking hole under Annenberg complete with three-dollar draughts, tasty snacks, and a lot of old Harvardian stuff on the wall that no one, least of all the staff, really understands...