Word: functional
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Dates: during 2000-2009
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Similarly, the CES is an online money and banking system and trading marketplace that tracks credits and debits. While LETS function as clubs that set their own guidelines, CES is administered through an online program that connects local groups to create a global network. The CES website points to more than 100 exchanges in 15 countries. Squires says the Internet has made alternative forms of exchange more viable, as databases can keep account of credits. In the rarefied world of monetary theory, think tanks are abuzz with ideas about future forms of money. One visionary, Jean-Francois Noubel, co-founder...
...business of market-making. His firm, which he started five decades ago with money he earned as a lifeguard in Far Rockaway, Queens, was for a long time primarily in the business of acting as a middle man between buyers and sellers of stocks. It is an essential function for a market like the Nasdaq, which doesn't have an actual trading floor where buyers and sellers can meet face-to-face. Madoff's firm was a major driver behind the growth of the Nasdaq, creating a system that courted brokers who had mostly traded stocks on the larger...
...McCain] had used that issue that way, you’d already be delegitimized as a president,” McInturff said. “You couldn’t function as a government...
...power and pushing toward a more consensus-driven politics. One AL declaration suggested that the opposition - whoever it may be - retain certain prominent seats in parliament, such as that of the deputy speaker. "There needs to be a proper participatory parliament," says Riaz, of Illinois State University. "Democracy cannot function without a really vibrant and an effective opposition...
...spent five years in Nigeria and problems were everywhere. Many villages don’t even have an access to clean water, without which people can’t even function...