Word: lockboxes
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Dates: during 2000-2009
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Hodroj, 72, describes how Israeli missiles turned his neighborhood in Beirut's southern suburbs into a Lebanese version of ground zero. The bearded man reaches into a lockbox and pulls out $12,000 in U.S. $100 bills. He presses the money into Hodroj's palm. It's meant to pay for a year's rent and furniture while Hizballah builds him a new home. Hodroj doesn't bother to count the inch-thick wad of cash, equal to more than twice the average Lebanese annual income. Score one for the militants. "We're with Hizballah all the way," Hodroj says...
...unfortunate consequence of precipitating a "war on glaciers" as they march forth across the Canadian border. Gore excoriates the politicians who seek to take up unjustified invasions of other countries, just to get our $11 trillion budget surplus back in circulation. (Gore's self-deprecating reply: "What part of 'lockbox' don't you understand?") Americans are still fearful to travel abroad - but only because of the spontaneous mass huggings they're in for as gratitude for the country's enlightened good will...
...Jack Kingston of Georgia spent his recess going to Social Security town halls and testing another proposal: the lockbox. In 2000, Al Gore campaigned on the idea of putting the surpluses that Social Security currently generates into a so-called "lockbox" that would prevent the government from spending the money on other things as it does now. Kingston notes many Republicans also have had this same idea and it would help mobilize public support that would give Congress credibility for a more ambitious Social Security reform in a few years...
...Mohammed Bakir al-Hakim, who used to give Friday sermons at the Imam Ali mosque in Najaf, al-Sadr's men worked to consolidate their position in the town--and, more important, their control over the money donated by visitors to its holy sites. Al-Sadr now controls the lockbox at the Imam Ali mosque, worth millions of dollars a year. Last October his militia attempted to seize shrines in another holy city, Karbala, but were turned back by Sistani...
Many view the endowment as a $19.3 billion rainy-day fund for the University which can be raided at any time and for any reason. In fact, the endowment is not a lump sum stashed away in a lockbox, but is used constantly in order to finance Harvard’s tremendous operating costs. Harvard, in spite of its popular portrayal, does not have unending cash reserves—and one of the major responsibilities of the administration is to prioritize the University’s spending and guarantee the institution’s long-term financial stability. As Summers...