Word: dollarize
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Dates: during 2000-2009
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...scam's namesake, he wasn't its original practitioner. According to Mitchell Zuckoff, a Ponzi biographer, the reigning king of the "rob Peter to pay Paul" scam was a New York grifter named William Miller, who bilked investors out of $1 million - nearly $25 million in today's dollars - in 1899. After drumming up interest by claiming to have an inside window into the way profitable companies operated, Miller - who earned the nickname "520 percent" due to the astonishing rate of return he promised investors over the course of a year - salted his scam by paying out the first...
...recent years, the impetus for alternative currencies in established economies has stemmed in part from localization movements. Periodically ditching the dollar (or the pound or the yen) in favor of homegrown currency doesn't merely fortify the local economy; it also builds community. People have a stake in their neighbor's well-being because that neighbor represents both market and supply chain. Some argue that such transactions are more secure than others because knowing the person you're dealing with, and his family and friends, serves as a kind of social collateral...
...Also, focusing only on big-budget games sold at high prices ignores the rest of the game market, which might be an even better value. Casual games often cost less than a dollar and are an expanding market on new platforms like the Apple iPhone. Power gamers are unlikely to cancel monthly subscriptions to persistent-world online games (like World of Warcraft), because the 60 or more hours many admit to playing each week makes the cost per hour infinitesimally small. Recently, “microtransaction” online games, which are free to play but charge players small amounts...
...audience. The greatest drama of all can take place on the stage of the human face.As Nixon’s antagonist, Frost, Sheen does an admirable, if overshadowed, job. At the film’s start, he plays the television personality to perfection, sporting an ever-present million-dollar smile. By its end, Sheen reveals a Frost transformed from entertainer to thinker, a man who has come to take himself seriously after confronting serious issues.Sheen and Langella are supported in the film by Matthew Macfadyen as Frost’s straight-man producer John Birt, and by the comedic...
...identity are problematized by his own desire to remain hidden behind a projected persona. He’s both brash, gun-loving T.I.P. and self-assured entertainer T.I., and while this has surely fractured his own psyche, at least we can have him however we like. Economics Let the Dollar Circulate: Young Jeezy and the Problem with Keynesian Economics Primary source: The Recession, a much needed stimulus package for Jeezy’s bank account. Prospectus: By his own admission, Jeezy has “got money,” and like most American consumers he would prefer to keep...